Latest Tennessee Sports Betting Handle and Taxes Information
The experts at BetTennessee.com have developed this guide to help you better understand the terms used when discussing Tennessee sports betting handle and taxes. The state releases those figures monthly.
Tennessee lawmakers passed a bill to legalize sports betting in April 2019, and the law officially took effect on July 1, 2019. The first sportsbooks opened in the state in November 2020. The Volunteer State was the first to legalize online wagering only and exclude brick-and-mortar establishments from setting up shop.
Currently, there are 13 operators, some with Tennessee sportsbook promos available, licensed to take wager in the state. The most recent was ZenSports, which was approved in May 2023.
Tennessee Sports Betting, March vs. February
| Total Handle | Privilege tax |
March | $548.598M | $10.124M |
February | $413.505M | $7.631M |
Change | Down 23.9% | Down 23.9% |
The ides of March were kind to bettors in the Volunteer State during the third calendar month of the year, with a 32.7% surge in sports betting gross handle and privilege taxes collected in Tennessee.
Overall, Tennessee’s wagering handle wrapped up March at $548,598,949, up 32.7% from February ($413,505,815) and representing the state’s highest single-month total since January’s total of $543.647 million.
The only other data point that wagering regulators in Tennessee provide on a monthly basis was the state’s privilege tax total, which wrapped up the month at $10,124,355, up 32.7% from February’s total of $7,631,217.
As a reminder, Tennessee regulators only release gross handle and privilege tax information, with nothing given out on gross payouts or adjusted gross income each month, though we can assess from those two data points that sports betting is on the upswing in the Volunteer State right now.
That’s because Tennessee sportsbooks more than offset the 23.9% month-over-month decline in both categories seen in February compared with the first month of 2025, setting the stage for a spring to remember in the sports hotbed.
Tennessee Mobile Sports Betting History
Tennessee Sports Betting Handle and Revenue FAQs
Tennessee sports betting operators accepted about $5.265 billion in wagers in 2024. That represented a 22.8% increase from the $4.286 billion in wagers in 2023 at Tennessee sportsbook apps.
Tennessee no longer releases its revenue figures every month, instead, they share handle and tax info and the data is posted on the state’s Sports Wagering Council’s website (tn.gov/swac).
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The experts at BetTennessee.com who bring you the latest updates in Tennessee sports betting. We pull together decades of experience to give you analysis as well as comparisons of the best TN online gambling apps.