Sports Betting in the United States
October 30, 2021
Arizona currently has full mobile sports betting with multiple options and no notable prohibitions.
In May 2021, sports wagering and fantasy sports content was approved by the Federal Department of the Interior in Arizona. This covered both mobile betting and in-person betting across the state. We even saw sports venues partnering with some sportsbooks in commercial deals.
In April 2021, a sweeping online bill was passed in Arizona that allowed mobile betting across the state. This even included some in-stadium sportsbooks, one of the first examples of this in the United States.
On the first day of the 2021 NFL season, September 9, multiple sportsbooks went live in Arizona. A further ten then followed over the next weeks and months. In its first five days of operation, sports betting in Arizona saw over 6.1 million geolocation transactions from over 270,000 different accounts.
By 2024, the government projects to rake in annual sports betting revenue of $15.2 million from Arizona alone. Ten per cent of this will cover administrative costs, while the remaining funds will be channeled into the Arizona General Fund. The state also calculated an estimated taxable revenue of $154.4 million annually once the market is fully up and running, which could work out at $11.1 million in state tax revenue.
With the Super Bowl set to arrive in Arizona in 2023 and a booming sports industry, it seems the only way is up for this US state in terms of sports betting revenue.