Arizona sports betting has generated $2.8 billion in gross revenue since its legalization four years ago, according to a new study by The Motley Fool. This puts Arizona in a 6th-place ranking for the most money wagered across states where sports betting is legal. The study analyzed tax and gross earnings data to reveal which states generate the most cash from wagers and taxes.

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Key Findings

States have collected $9.3 billion in taxes from sports betting since June 2018.

Sports betting is currently legal in 38 U.S. states and the District of Columbia.

Sports bettors have lost $13 billion to sportsbooks in 2024, equivalent to 8.7% of the $149 billion wagered that year.

The average NFL bettor loses between 8% and 9%

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