In April, Arizona saw a significant increase in sports betting activity, coinciding with the NCAA Men’s Final Four held in Glendale at State Farm Stadium. The event attracted large crowds to the Valley and led 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, a similar performance to the previous year. Despite this low margin for sportsbooks, there is a strong interest in sports betting in Arizona with much 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 in drawing crowds to the Valley and generating interest in sports wagering contributed to the significant increase
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