Player spending on sports betting in Tennessee declined month-on-month in January, although the amount wagered is the fourth highest since the state launched its legal market in November 2020.
Gross wagers in Tennessee in January hit $549.0 million (£442.7 million/€530.4 million). This is 17.4% above last year but 4.1% behind the $572.7 million wagered in December.
The monthly record for gross sports wagers in Tennessee stands at $598.6 million, which was set in November 2024. January’s total is 8.3% shy of this figure.
Data from the Tennessee Sports Wagering Council shows after adjustments of $5.3 million, gross handle for the month was $543.6 million. This beats the previous year by 16.7% but falls 4.6% short of December.
In terms of tax, privilege tax for the opening month of the year topped $10.0 million.
The council does not disclose what the reported “adjustments” are in its monthly report, nor does it publish a breakdown of activity by operator or sport. Operator revenue is..