Arizona Had Second-Biggest Betting Handle Month Yet In October
Arizona Had Second-Biggest Betting Handle Month Yet In October

The Arizona Department of Gaming reported $618.6 million in sports wagering handle for October, the state’s second-highest total in 14 months of wagering. The report also completes the October picture nationally, helping regulated U.S. sportsbooks achieve their second-highest total handle in 53 months of'post-PASPA era betting.

The Grand Canyon State also became the 11th state to clear $6 billion in all-time handle, moving ahead of Tennessee into the top 10 nationally with November’s handle still yet to be announced. Arizona currently ranks sixth in handle for the 2022 calendar year with $4.8 billion worth of wagers placed.

Arizona handle was up 15% in October compared to September’s total of $538 million and was a 27.3% improvement on the $486.1 million in bets placed in October 2021. This year’s October handle trails only the $691 million from March, which was the first time wagering was available in Arizona for the NCAA Tournament.

“It is clear Arizona’s sports betting industry continues to grow with over $132 million more dollars wagered in October 2022 compared to the same month in 2021,” said Ted Vogt, director of the Arizona Department of Gaming, in a statement. “With Super Bowl LVII and the Waste Management Phoenix Open on the horizon, I am excited to see how these major sports tourism events impact the state’s sports betting industry in the coming months.”

  
Read Full Article