December Marks Fourth Consecutive Month with Over $500m in Wagers
The Arizona Department of Gaming has reported that the sports betting handle in Arizona for December 2022 was $572.5m, a decrease of 7.3% compared to November's $617m[^1^]. Despite the decline, December's figures are still the fourth-highest in the 16 months since sports betting was introduced in Arizona, and it marks the fourth consecutive month with over half a billion dollars in wagers. In total, the state's handle for the year surpassed $6 billion[^1^].
The gross revenue from sports betting in December stood at over $54.4m after accounting for operator losses and federal excise taxes, resulting in a 9.5% hold[^1^]. Additionally, tax receipts from sports wagering reached $28.9m in the first full year of wagering in Arizona. Prior to losses and federal excise tax, operators recorded $473.1m in revenue[^1^].
John Dinius Appointed President and CEO of Casino Arizona and Talking Stick Resort
Casino Arizona and Talking Stick Resort, enterprises of the Salt River Pima-Maricopa Indian Community, have announced the appointment of John Dinius as their new president and chief executive officer. Dinius takes over from Dennis Leong, who retired after serving in the position for 13 years[^1^].
With over two decades of gaming experience at various casinos in California, Dinius previously served as the CEO of Table Mountain Casino Resort in Fresno. Under his leadership, the property successfully launched a new casino resort worth millions of dollars[^1^].
Conclusion
Even though the sports betting handle in Arizona saw a slight decline in December, it still represents a strong performance overall. With John Dinius leading Casino Arizona and Talking Stick Resort, the future looks promising for these renowned establishments. The continued growth in the sports betting industry in Arizona demonstrates its potential as a lucrative market for both operators and the state government.
Stay tuned for more updates on the exciting world of sports betting in Arizona!
Source: Focus Gaming News
[^1^]: Source link
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