The Arizona Department of Gaming reported $361 million in sports wagering handle for August, while operators enjoyed a solid month that saw them keep just over 10% of that in gross revenue.
The August report also concluded the Copper State’s first 12 months of wagering reports after launching in September 2021, and handle was up 24.3% compared to July. Arizona generated more than $5.4 billion handle in that span, including close to $3.7 billion in the first eight months of 2022. The state ranks sixth in year-to-date handle nationally and is slightly more than $1.5 billion behind neighboring Nevada for fourth.
Operators collected $36.3 million in gross revenue in August, the most since a record-high $55.2 million was kept in May. Promotional credits and deductions totaled $8.5 million, leaving the state eligible to levy taxes on $27.8 million in adjusted revenue. The 8% rate on adjusted retail revenue and 10% for mobile resulted in $2.8 million entering Arizona’s coffers for the month.