Tennessee sets record with $439.5M in sports wagers in November

Finance News

Tennessee’s record month also sent the national gross revenue for the 2022 calendar year over $6 billion, with that figure accounting for nearly 46% of the nearly $15.2 billion.

Sports betting is permitted throughout Tennessee, although online and on mobile only. 

This has benefitted those leading operators with fantastic mobile applications, such as BetMGM, FanDuel, Caesars and DraftKings.  

Tennessee is already a fast market. In just the first eight days of legalized sports betting, bettors wagered over $27 million, leading to almost $510,000 in tax revenue for the state. In the first month, over $2 million in taxes came in.