In June 2026, Tennessee sports bettors placed a remarkable $456,129,258 in wagers, setting a new record for the month and representing a 30.0% increase compared to the $350.9 million staked the previous year.

The state also saw its privilege tax revenue reach $8,438,391, which matched that impressive growth rate of 30.0%. This interesting correlation highlights Tennessee’s unique tax structure, which is based on the total amount wagered rather than the revenue earned by sportsbooks. The state imposes a flat tax of 1.85% on every dollar bet, allowing it to benefit even during a month where the World Cup strained margins nationwide.

This data is sourced from the Tennessee Sports Wagering Council. During the World Cup, sportsbook margins were heavily impacted.

The group stages often result in mismatches, favoring shorter odds that attract significant recreational betting. When those favorites win, it can lead to payouts that affect sportsbooks’ overall profitability. For comparison, New York’s betting figures reveal a different story.

Bettors placed a record $2.26 billion in wagers in June, a 36.4% increase, yet the state’s tax collections dropped by 43.3%, translating to about $45.6 million less than the previous year. This downturn was due to a significant decline in hold rates, which fell to 5.19%.

Kansas reported a hold of 3.90%, resulting in a 60% drop in revenue, while Maryland’s soccer betting held at 3.6%. Across the board, where sportsbooks’ revenue is the foundation for tax collection, a record month of wagering turned into a financial setback for those states. Tennessee stands apart, as its tax structure is insulated from such risks.

The state benefits directly from every wager placed, regardless of the outcome for the sportsbooks. With such a strong showing from bettors, the state capitalized on a historic month by collecting its share on all wagers, ensuring a positive outcome for its tax revenues.