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, February vs. January

The second month of 2025 held to a standard pattern for Tennessee sportsbooks, with the handle and tax falling significantly from January.

That’s normal for February with sports betting operators all over the country. The Super Bowl is a one-day extravaganza for sportsbooks, but the rest of the month offers fewer popular events for wagering than January.

The February sports betting gross handle for Tennessee was $413,505,815, which was down 23.9% from January, when the state accepted $543,646,737 in wagers. The privilege tax tumbled by the same percentage, from $10,032,973 in January to $7,631,217 in a month-over-month comparison.

In a year-over-year comparison, the handle and taxes rose 9.3% from February 2024, when bettors in the state wagered $378,234,659.

For more than a year and a half, the Tennessee Sports Wagering Council has not released revenue figures for the Volunteer State, dating to the July 2023 change in regulations whereby Tennessee taxes operators based on handle instead of revenue. Thus we cannot update the month-by-month chart below.

Tennessee Mobile Sports Betting History