DraftKings in June became the first major mobile sports wagering operator to post a monthly loss in Arizona, significantly dragging down the overall revenue for the month in the Grand Canyon State, according to figures released Tuesday by the state’s Department of Gaming.
The online titan was the first book with at least $5 million handle to post a gross revenue loss. Its bettors came out $3.2 million ahead on $92.8 million wagered in June, resulting in a -3.4% win rate…
Overall, state operators generated close to $12.1 million from $318.8 million handle, giving them a 3.8% hold. Promotional offerings were again robust, though the $9.2 million was the lowest since launch last September.
