This year has seen a dramatic increase in revenues from gaming in the state of Arizona. In the last year, gaming revenue was up more than 27%, an impressive number given current economic conditions. The increase is being attributed to multi-state progressive jackpots, increased marketing and promotions, and the addition of full online casinos.
While gambling within Arizona has been available for years, this notable jump in revenues shows that there is still room for growth within the industry with new innovations and better access to services. With many states facing difficult budgetary scenarios due to the pandemic, Arizona’s success in gaming could be a beacon for other areas looking for stability during uncertain economic times.
Arizonans Spent More Than $618 Million On Gambling
In October of last year, Arizonans set a new record when it comes to sports betting in Arizona. The latest report from the Department of Gaming showed that more than 618 million dollars was wagered during the month, representing a huge 27% increase compared to the same period in 2021.
This massive jump from one year to the next shows that Arizona was no exception to a nationwide trend we’ve seen toward an embrace of online sports betting over the last few years. With many restrictions still in place for traditional brick-and-mortar casinos, people are turning increasingly towards digital iGaming entertainment as both a source of fun and a way to earn some extra cash. Arizona sportsbook companies like WynnBET, Unibet, BetMGM , Caesars, BetRivers, FanDuel, and DraftKings Arizona offer this kind of iGaming entertainments.
Ted Vogt Expressed Confidence In The Future Of Arizona’s Sports Betting Industry
Gaming in Arizona is continuing to grow thanks to the state agency’s efforts and the anticipation of major sporting events taking place. Director Ted Vogt expressed his excitement for these popular events like the Super Bowl, which will be held in Glendale in February, as well as the Phoenix Open golf tournament. These events are set to bring in even more revenue, evidenced by the impressive October numbers that nearly brought in 3 million dollars in privilege fees. More tourists and bettors can look forward to exploring new opportunities at Arizona’s sports betting industry.