Arizona sportsbooks take $791m in October wagers as revenue falls
Arizona sportsbooks took $791 million in wagers in October, while revenue fell 3% year on year to $53.8 million, according to figures reported by J.P. Morgan analyst Joseph Greff. The books held 6.8% of wagers, and promotional allowances totalled $30.2 million.
The figures show operators that higher Arizona wagering handle did not prevent lower revenue after promotional allowances.