{"id":848096,"date":"2025-05-13T21:13:57","date_gmt":"2025-05-14T02:13:57","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/13\/arizona-sports-betting-handle-hits-849-3m-in-december-2024\/"},"modified":"2025-05-13T21:13:57","modified_gmt":"2025-05-14T02:13:57","slug":"arizona-sports-betting-handle-hits-849-3m-in-december-2024","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/13\/arizona-sports-betting-handle-hits-849-3m-in-december-2024\/","title":{"rendered":"Arizona sports betting handle hits $849.3M in December 2024"},"content":{"rendered":"<section>\n<p data-start=\"28\" data-end=\"264\"><em><strong>A<\/strong><strong>rizona\u2019s sports betting handle across online and retail platforms reached $849.3 million (\u20ac778.3 million\/\u00a3655.5 million), marking a 20.2% increase from December 2023. However, this was 5.4% lower than the record set in November 2024.<\/strong><\/em><\/p>\n<p data-start=\"266\" data-end=\"431\">Data from the <a href=\"https:\/\/gaming.az.gov\/sites\/default\/files\/EW%20Website%20Report-Dec%202024.pdf\" target=\"_blank\" rel=\"nofollow noopener\">Arizona Department of Gaming<\/a> reveals that online wagers accounted for $844.3 million of the total, while retail sportsbooks contributed $5.1 million.<\/p>\n<p data-start=\"433\" data-end=\"711\">Gross event wagering revenue before deductions stood at $49.3 million, significantly lower than the $69.3 million recorded in 2023 and 41.4% below November\u2019s peak of $84.1 million. Online bets generated $49.3 million in revenue, whereas retail betting brought in only $45,000.<\/p>\n<p data-start=\"713\" data-end=\"893\">After deducting $23.5 million in free bets and promotions, adjusted gross revenue fell to $25.8 million, representing a 44.2% year-on-year drop and a 55.1% decline from November.<\/p>\n<p data-start=\"895\" data-end=\"1193\" data-is-last-node data-is-only-node>The sportsbooks\u2019 pre-deduction hold rate was 5.8%, while the adjusted hold rate after free bets stood at 2.77%. Bettors reclaimed $798.2 million from their wagers, and state tax revenue totaled $2.6 million, with online betting contributing nearly all of it, while retail betting added just $3,600.<\/p>\n<\/section>\n<p> Ani Ghahramanyan <br \/><a href=\"https:\/\/www.thegamblest.com\/arizona-sports-betting-handle-hits-849-3m-in-december-2024\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A rizona\u2019s sports betting handle across online and retail platforms reached $849.3 million (\u20ac778.3 million\/\u00a3655.5 million), marking a 20.2% increase from December 2023. However, this was 5.4% lower than the record set in November 2024. Data from the Arizona Department of Gaming reveals that online wagers accounted for $844.3 million of the total, while retail<\/p>\n","protected":false},"author":1,"featured_media":848097,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2463,192],"tags":[6818,6810],"class_list":{"0":"post-848096","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-arizona","8":"category-sports","9":"tag-arizona","10":"tag-sports"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/848096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=848096"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/848096\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/848097"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=848096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=848096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=848096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}