Arizona sports betting operators generate $40.7m revenue for July 2025

The Arizona Department of Gaming (ADG) has released the state’s sports betting activity throughout the month of July 2025, as adjusted gross revenue for operators was reported to be $40.7m, representing an increase of 40.4%. 

For the monthly period, Arizona bettors wagered $463.7m across both retail and mobile sports wagering platforms, equating to an increase of 13.1% and primarily driven by online betting which accounted for $462.5m of the total. 

Online wagering increased its handle by 14.3%, while retail sports wagering managed to generate just $1.2m in handle for July 2025, representing a decrease of 77.5% from the prior year period. Retail sports wagering generated just $104,581 in operator revenue throughout July 2025, falling by approximately $180,000 year-over-year.

Only four operators reported retail wagering activity throughout the month, including BetMGM, Caesars, FanDuel and DraftKings. 

FanDuel managed to barely eclipse DraftKings in most revenue generated for July 2025, producing just over $13.9m for growth of 49.2%, while DraftKings reported a monthly revenue of $13m in Arizona, equating to a slight decrease of 2.5%. 

BetMGM and Caesars reported July 2025 adjusted revenues of $5.2m and $2m, respectively, while bet365 produced $2.1m and Fanatics generated a monthly revenue of $3.2m, both surpassing Caesars sportsbook throughout the period. 

In September 2025, the ADG issued an official warning to all operators currently conducting business in the state of partnering with any entity which may offer event contract trading, as doing so could result in the loss of regulated licensing.

Good to know: The ADG issued cease-and-desist letters to multiple unlicensed operators conducting business within the state on April 18, including ARB Gaming, Epic Hunts, Generiz, ProphetX, MyBookie and BetUS

“If the Department believes that an entity related to a licensee is partnered with a company that is selling event contracts in a jurisdiction outside Arizona in violation of the laws of that jurisdiction, that might impact a licensing decision,” ADG Director Jackie Johnson said as part of a letter sent to operators.

The warning could be in effect for operators such as FanDuel, which partnered with derivatives marketplace CME Group on August 20 to begin the development of “fully funded, event-based contracts with defined risk.”

As part of the agreement, CME Group and FanDuel will form a new joint venture to operate a non-clearing futures commission merchant and offer access to event-based contracts through the sports betting operator.

Kirk Geller

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