In April, Arizona’s sports betting industry experienced a surge in activity thanks to the NCAA Men’s Final Four being held in Glendale at State Farm Stadium. This major event attracted a large number of spectators from all over, contributing to the increase in sports betting figures for the month. According to the latest report released by the Arizona Department of Gaming on June 14, an astonishing total of over $656 million was wagered on sporting events in Arizona through various sportsbooks and mobile apps.
This represents a 22.5% increase compared to the same month in 2023. Despite the high betting volume, sports bettors in Arizona managed to win close to $592 million in April. This means that the sportsbooks retained only about 9% of the total amount wagered, which is consistent with their performance in April of the previous year. The strong momentum in sports betting activity in Arizona is a positive sign for the industry, indicating growing interest and participation among bettors. As more major events and tournaments take place in the state, it is likely that sports betting figures will continue to see steady growth. To learn more about this topic, read our full story published in the Business Journal.
