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, September vs. August
| Total Handle | Privilege tax |
September | $560.861M | $10.376M |
August | $372.281M | $6.887M |
Change | Up 50.7% | Up 50.7% |
The kickoff of the NFL regular season sparked a big jump in Tennessee sports betting for September. According to data from the state’s Sports Wagering Council, bettors in the Volunteer State wagered $560,861,061 for the month.
That marked a 50.7% increase from the $372,281,402 that people bet during August.
The state taxes licensed mobile sports betting operators at 1.85% of their monthly handle. In September, licensed operators paid $10,375,930, up from the $6,887,205 they submitted in August.
On a year-over-year basis, Tennessee’s September handle grew by 7.7% from the $520,834,560 wagered in September 2024.
The Tennessee Sports Wagering Council does not report how much operators generated in revenue, nor does the agency reveal how much was wagered through each licensee.
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).
Author
Steve is an accomplished, award-winning reporter with more than 20 years of experience covering gaming, sports, politics and business. He has written for the Associated Press, Reuters, The Louisville Courier Journal, The Center Square and numerous other publications. Based in Louisville, Ky., Steve has covered the expansion of sports betting in the U.S. and other gaming matters.