The Arizona Department of Gaming has released its July sports betting figures, showcasing a significant increase in wagers placed and revenue generated compared to the previous month. According to the data reported by the department, July saw a total of $152.3 million in sports bets placed, a 25% increase from June’s total of $121.8 million.
This surge in sports betting activity is attributed to several factors, including the continued expansion of the market with new operators entering the space and increased interest from bettors following the return of major sports leagues such as the MLB, NBA, and NHL. Additionally, the launch of mobile sports betting in Arizona has proven to be a game-changer, allowing bettors to place wagers from the comfort of their own homes or while on the go.
Of the total amount wagered in July, $143.1 million was bet on professional sports, while $9.2 million was bet on collegiate sports. The most popular sports among bettors were basketball, baseball, and football, with the NBA Finals, MLB All-Star Game, and NFL preseason games attracting significant betting action.
In terms of revenue, sportsbooks in Arizona reported a total of $13.5 million in earnings for the month of July, representing a 23% increase from June’s total of $11 million. This revenue was generated from a combination of sports betting wagers, online casino gaming, and other gaming activities.
The Arizona Department of Gaming has expressed optimism about the future of sports betting in the state, anticipating continued growth as more operators launch their platforms and bettors become more familiar with the options available to them. With the NFL season set to kick off in September and the MLB playoffs on the horizon, sportsbooks are gearing up for even higher levels of activity in the coming months.
Overall, the July sports betting figures released by the Arizona Department of Gaming paint a promising picture for the industry in the state, indicating strong growth and increasing interest from bettors. As the market continues to evolve and expand, Arizona is poised to become a major player in the national sports betting landscape.
