Player spending on sports betting in Arizona fell again in May, while revenue also declined month-on-month.
Monthly handle in Arizona amounted to $451.7m, down 2.1% from May of 2022 and 17.7% lower than April this year.
Consumers wagered $446.9m online and a further $3.9m at retail sportsbooks in the state.
Player winnings for the month amounted to $398.2m, resulting in $48.6m in adjusted gross event wagering revenue before free bets. This was 12.0% down on last year but marginally higher than April’s total.
Online betting generated $48.0m adjusted gross event wagering revenue before free bets, with retail’s share at $559,469.
After taking away $14.7m in free bets and promotional credits, adjusted gross revenue was $33.9m. This represented a 17.5% drop from last year and a 1.5% decline from April
Online betting accounted for $33.3m of the adjusted revenue total, with retail’s at $547,586.
Sports betting tax for the month amounted to $3.3m, with mobile taxed at a rate of 10% and retail 8%.