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, August vs. July
| Total Handle | Privilege tax |
August | $372.281M | $6.887M |
July | $298.010M | $5.513M |
Change | Up 24.9% | Up 24.9% |
The return of football was music to the ears of sports betting operators in the Volunteer State during August. The state’s sports betting handle surged compared to July, along with taxes generated.
Overall, the total sports betting gross handle in August hit $372,281,402 in Tennessee, up 24.9% in a month-over-month comparison with July ($298,009,951), according to figures that the Tennessee Sports Wagering Council reported on Sept. 15. The state’s privilege tax rose from $5,513,184 in July to $6,887,206 last month.
Tennessee’s sports betting market is all mobile. For more than two years, the state has not reported monthly revenue, just handle and taxes (which is why we cannot update the chart below). Still, those two data points indicate that Tennessee’s wagering marketplace is in solid shape as the UT Volunteers, Memphis Tigers, Middle Tennessee State Blue Raiders, Vanderbilt Commodores and the NFL’s Tennessee Titans all duke it out on the gridiron this fall.
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
Christopher Boan writes for BetTennessee.com and has been covering sports and sports betting for more than seven years, with experience at ArizonaSports.com, the Tucson Weekly and the Green Valley News.