Sports betting revenue and taxes took a dive in May in Arizona

By Matthew Casey
Published: Thursday, August 3, 2023 - 1:25pm

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May numbers for sports betting in Arizona showed a more than 18 percent drop in revenue and taxes compared to May last year.

The website called the decline atypical, as markets generally see year over year growth, even for the month after college basketball ends.

A state Gaming Department spokesman said revenue and taxes are calculated by total bets minus payouts, so more winning bets means less revenue.

See the Gaming Department reports for May 2023 and May 2022 below.

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