Sports betting activity in Arizona saw a significant increase in April, coinciding with the NCAA Men’s Final Four held at State Farm Stadium. The event drew large crowds to the Valley, leading to a surge in betting figures. According to the Arizona Department of Gaming’s monthly report released on June 14, more than $656 million was wagered on sporting events in Arizona during April, marking a 22.5% increase compared to the same month in 2023.
Despite the high betting volume, sports bettors in Arizona managed to win nearly $592 million in April. This resulted in sportsbooks retaining only about 9% of the total amount wagered, similar to the previous year. The numbers indicate a strong interest in sports betting in Arizona, with a large portion of the betting action taking place through mobile apps and online sportsbooks.
Overall, the surge in sports betting activity during April reflects the growing popularity of sports betting in Arizona. The success of the NCAA Men’s Final Four event contributed significantly to this trend by drawing crowds and generating interest in sports wagering. With more events and opportunities for sports betting on the horizon, it is expected that this trend will continue well into 2023 and beyond.
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