Tennessee sports betting revenue up 7% in May

Sports Betting

Tennessee’s Sports Wagering Advisory Council (SWAC) was up 7% May, showing strong and steady growth year over year. 

According to the SWAC report, Tennessee’s sports betting operators took in a betting handle of almost $279.8 during the month of May, leading to total sports betting revenue of $43.7 million and state tax revenue of nearly $8.8 million.

The SWAC doesn’t report on individual sports betting operators’ revenue like some other states do. Their licensed mobile operators include well-known mobile sports betting apps like FanDuel, BetMGM, DraftKings, Bally Bet, and Barstool Sportsbook. Tennessee is the only state with online sports betting but no retail betting available. 

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