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, November vs. October
| Total Handle | Privilege tax |
November | $594.387M | $10.969M |
October | $547.764M | $10.109M |
Change | Up 8.5% | Up 8.5% |
Note: Tennessee’s sports betting market is all mobile. The state no longer reports monthly revenue, only handle and taxes.
Tennessee Sports Betting Handle and Taxes: November 2024
Tennessee keeps re-setting the bar for sports betting action statewide.
In November, the Volunteer State recorded $594,387,437 in sports wagers, or handle, according to a Tennessee Sports Wagering Council report released on Dec. 11.
That was the third month in a row that the state reset its handle record.
October’s gross handle of $547,764,023 was a state record for only a month and November was an 8.5% jump from that. September’s figure was $520,834,560. Those are the only three times that Tennessee has had more than $520 million in handle for a month.
The privilege tax statewide was $10,969,178 in November, up almost $1 million from October’s then-record total of $10,109,043. Those are the only two months in which the tax has jumped into eight figures.
Tennessee’s sports betting market is all mobile. The SWC does not report monthly revenue, only handle and taxes. Therefore, we cannot update the month-by-month table below that includes revenue.
Tennessee Mobile Sports Betting History
Tennessee Sports Betting Handle and Revenue FAQs
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.