Author: Dean Carr
Last Updated: April 4, 2022
Arizona was one of a number of states that enjoyed a prosperous January in the world of sports betting.
Residents of the state have been able to legally wager on sports since September 2021 and the numbers suggest it has been a popular decision with the population.
For the first month of 2022, they reported a new monthly handle record of $536.7 million, as well as a new online sports betting record of $558.7 million. Each of those figures respectively represents an increase of 12.9% ($499.2 million) and 13% ($494.5 million) from the previous month’s figures.
Revenue saw the biggest spike of 13.5%, jumping from $17.28 million to $19.62 million from December 2021 to January 2022.
The January figures have also had a significant impact on the overall national scene too. January has now become a record-setting month for the United States as a whole, with a total sports betting handle of $9.817 billion being posted for the nation.
It was a significant leap from the previous record of $7.54 billion, which was posted in October 2021, while the total revenue reached $561.1 million.
January was a big month for Arizona sports teams, with the Cardinals facing the eventual Super Bowl champion Los Angeles Rams in the first round of the Playoffs, while the Phoenix Suns established their position as the best team in the NBA this season with a 13-1 run in the month.
Arizona found itself sat seventh in the list of the top 10 highest sports betting handles for January 2022. Unsurprisingly, New York’s sports betting handle was the greatest, while the rest of the top 10 was as follows:
- New York – $1.68 billion
- New Jersey – $1.34 billion
- Nevada – $1.1 billion
- Illinois – $867.5 million
- Pennsylvania – $793.7 million
- Colorado – $573.7 million
- Arizona – $563.7 million
- Michigan – $532.7 million
- Indiana – $500.1 million
- Virginia – $485.5 million