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, January vs. December
| Total Handle | Privilege tax |
January | $543.647M | $10.033M |
December | $569.849M | $10.516M |
Change | Down 4.6% | Down 4.6% |
Note: Tennessee’s sports betting market is all mobile. The state no longer reports monthly revenue, only handle and taxes.
The new year began with Tennessee sports betting declining slightly from December, but the comparison to one year earlier was more favorable.
January’s sports betting gross handle statewide was $543,646,737, down 4.6% from December ($569,849,216).
However, that total was 16.7% higher than the $465,810,583 than the state reported in January 2024 in a year-over-year comparison.
As always, the privilege tax rises or falls the same amount as the handle in Tennessee since the state pegged tax revenue to handle, starting in July 20213. That was also when the Tennessee Sports Wagering Council stopped reporting revenue, which is why we cannot update the month-by-month chart below.
Privilege tax statewide fell from $10,516,365 in December to $10,032,973 for the first month of 2025.
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.