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, May vs. April
| Total Handle | Privilege tax |
May | $437.544M | $8.075M |
April | $463.591M | $8.556M |
Change | Down 5.6% | Down 5.6% |
The late spring sports betting swoon was in full effect in the Volunteer state during the fifth month of the year. May’s wagering handle and tax bill fell 5.6% month-over-month from where they were in April, according to a report posted on June 10.
Overall, May’s sports betting gross handle for Tennessee sports betting operators finished up at $437,543,866, down 5.6% from April ($463,591,024), while privilege taxes during the month wound up at $8,074,811, also a 5.6% decrease from the previous month ($8,555,547).
The Tennessee Sports Wagering Council no longer reports out information about the state’s gross payouts or gross income figures in its month-over-month comparisons. We can assess from those two data points that the last full month of spring provided lesser returns for operators in the Volunteer State.
Tennessee’s sports betting market is all mobile. The state no longer reports monthly revenue, only handle and taxes.
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.