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, October vs. September
| Total Handle | Privilege tax |
October | $547.764M | $10.109M |
September | $520.835M | $9.612M |
Change | Up 5.2% | Up 5.2% |
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: October 2024
Tennessee set a record for sports betting handle in October as a convergence of sporting events drew plenty of wagering interest.
NFL and college football seasons had full slates last month, postseason MLB sparked interest in baseball betting, plus the NHL and NBA seasons got underway.
The gross sportsbook handle (or amount wagered) at Tennessee sportsbooks last month totaled $547,764,023, a 5.2% rise from September, when handle was $520,834,560. That September mark was a record, but it only stood for a month.
Ditto for October’s privilege tax, which went into eight figures for the first time in state history. The $10,109,043 collected last month was up 5.2% from September ($9,612,392), which again was a mark that fell after one month.
Tennessee’s sports betting market is all mobile. The Tennessee Sports Wagering Council no longer reports monthly revenue, only handle and taxes, so we are unable to update the month-by-month table below.
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.