FanDuel big leader in the Arizona sports betting revenue race for June

Paper boats racing
Image: Shutterstock

FanDuel maintained its position as the market leader for Arizona in June, leading the pack in both handle and revenue. Of the $390.3 million in handle for the state, over $146 million belonged to FanDuel. On the revenue side, FanDuel posted $12 million in gross revenue for a hold rate of 8.2%.

Other operators, such as Desert Diamond, did manage to outpace FanDuel when it came to hold percentage, but no one came close to the operator when it came to actual revenue.

DraftKings was second in handle with $111.3 million in bets but only managed to generate $7.1 million in revenue for a hold rate of 6.4%.

Trailing far back in third place was BetMGM with $55.8 million in handle and $4.9 million in revenue. Caesars ($40 million in handle) and the soon-to-be-rebranded Barstool Sportsbook ($11.3 million) rounded out the top five. Total gross gaming revenue for the month amounted to $27.6 million.

As noted in the May revenue report, Desert Diamond continued to perform well without substantial promotional spend. The site posted $9.9 million in wagers, just over $1 million in gross gaming revenue, and promotional spend of $475,000. That was more than enough to put it outside the top five operators in sixth place.

Altogether, operators spent $11.4 million in promotional spending, resulting in adjusted gross revenues of $16.3 million and $1.6 million in tax payments.

WynnBet, which will be shutting down in Arizona this fall was eighth in market share with $3.6 million in handle and but the app struggled on the revenue side. The site posted just $4,823 in revenue, all of which was wiped away with promotional deductions, leaving $0 in AGR and no tax money to the state.