Volunteer State accepted $524.7 million in bets last month, a 52% monthly increase and nearly double July’s action.
Football always brings a jolt to the legal sports betting states, but in Tennessee it put its sports betting market into a higher gear. In September, the Volunteer State recorded the most monthly action since betting launched in 2020. that the state accepted $524.7 million in bets last month, a 52% monthly increase and nearly double July’s action. November 2023 was the only other month to announce a handle of more than $500 million . Year over year, Tennessee’s handle grew 25%.
After adjustments, the final handle dropped to $520.8 million. But still the massive handle brought huge tax dollars to the state. September’s tax bill reached $9.6 million. Tennessee’s neighbors announce their betting numbers at different times but with Kentucky’s recent August report, we can see the Volunteer State is doing quite well. saw more growth than its neighbors. The Volunteer State enjoyed a 25.7% month-over-month growth. The second-highest was Kentucky at 17.
From August to September, Tennessee’s 52% increase in action beat North Carolina who also reported an impressive 50% spike in handle. Born in Silver Spring, Maryland, Ethan has previously written industry articles for Forbes Betting. He's also written game previews for USA Today's SportsbookWire.If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Louisiana's Sports Betting Handle Jumps 27% in AugustCompared to August 2023, handle was 8.2% higher and revenue was 36.3% better. Plus the hold percentage of 16.5% last month was impressive.
Read more »
Kentucky Wraps Up 1st Year of Legal Sports Betting with $151M Handle in AugustThe Bluegrass State’s online and retail sportsbooks combined to haul in $12.1 million in revenue, down 21.3% month-over-month.
Read more »
Delaware Reports Record Sports Betting Handle, Revenue in SeptemberDeleware sports betting revenue reached an all-time high in September and was up more than 200% year-over-year.
Read more »
Iowa Sports Betting Handle Grows $100M in SeptemberSportsbooks in the Hawkeye State saw a massive 74.5% spike in revenue in September, with the operators seeing a combined $27.4 million.
Read more »
New York Eclipses $2 Billion in Sports Betting Handle in SeptemberFull month of football helps the Empire State’s nine online sportsbooks combine to produce $204.7 million in revenue on a $2.07 billion handle.
Read more »
Ohio’s August Sports Betting Handle Rises 45% Year-Over-YearWhile wagers were up compared to Aug. 2023, Ohio's online and retail sports betting operators produced their lowest hold since March.
Read more »