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 also not made public.
A look at live platforms
Tennessee was the first state to offer online sports wagering only with no retail locations. Since then, lawmakers in Vermont and Wyoming have legalised digital betting only with no brick-and-mortar sportsbooks.
There are 11 platforms live in Tennessee. Among them are national brands Caesars, Bally Bet, FanDuel, DraftKings, Fanatics, ESPN Bet, BetMGM and Hard Rock Bet. Betly, ZenSports and Tennesee Action 24/7 also operate in the state.
