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, October vs. September
| Total Handle | Privilege tax |
October | $653.686M | $12.093M |
September | $560.861M | $10.376M |
Change | Up 16.6% | Up 16.6% |
Tennessee sportsbooks set a state record for handle and taxes derived from sports betting in October.
A full month of NFL and college football helped the Volunteer State collect $653,686,373 in sports wagers last month, a 16.6% increase from September ($560,861,061). That handle broke the state record of $594,387,437, set in November 2024.
In addition to football, October gave bettors the option of postseason baseball, plus the start of the NBA and NHL regular seasons, which meant that the Memphis Grizzlies and Nashville Predators seasons got underway,
That automatically means that the state privilege tax record also fell, with Tennessee collecting $12,093,198 in October. That was up 16.6% from $10,375,930 in September and surpassed the mark of $10,969,178, also set in November 2024.
The Tennessee Sports Wagering Council has not released handle figures in more than two years so we cannot update the month-by-month chart below.
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
Jim Tomlin has more than 30 years of experience at such publications as the Tampa Bay Times, FanRag, Saturday Down South and Saturday Tradition. He now lends his his expertise in sports, betting and the intersection of those two industries to BetTennessee.com, among other sites.