Tag: Tennessee Sports Wagering Council

Consumer spending on sports betting in Tennessee fell for the third consecutive month in February, although the amount wagered was higher than the previous year.

Gross wagers in Tennessee during February hit $417.4 million (£322.8 million/€384.7 million). This fell 24% short of January’s total but beat the $380.4 million spent on sports betting last year by 8.7%.

Tennessee has now seen gross wagers fall each month, according to the Tennessee Sports Wagering Council, since the $598.6 million bet in November 2024 set a new state record.

After $3.9 million in undisclosed “adjustments”, gross handle for the month stood at $413.5 million. This was 23.9% less than January but 9.3% ahead of February last year.

As for government revenue, overall privilege tax from sports betting amounted to $7.6 million.

The council does not publish figures for revenue, nor does it offer a breakdown of activity by operator or sport.

A total of 11 platforms are currently live in Tennessee. These include m..

Gross wagers on sports in Tennessee reached $572.7 million (£470.5 million/€558.9 million) during December, the second-highest monthly amount on record for the Volunteer State.

December gross wagers beat the $495.1 million spent in the same month in 2023 by 15.8%. However, the total fell 4.3% short of the Tennessee record of $598.6 million set in November 2024.

The Tennessee Sports Wagering Council (SWC) also said after $2.9 million worth of adjustments, gross sports betting handle was $569.8 million. This beats December 2023 by 16.1% but is 4.1% behind November last year. Detail of these adjustments were not disclosed.

In terms of tax, the state generated $10.5 million from sports betting during December. The SWC does not indicate on the report what the adjustments are for, nor does it break down bets by operator or sport. The SWC also does not report operator revenue.

Some of the performance might be attributable to the University of Tennessee football team. The Volunteers finish..