Tenasy Gross sports betting handle total $ 437.5 million in MayMarking a year-on-year growth but showing a decline in comparison April 2025,
Tenasi sports betting handle hits $ 437.5m in May
Total $ 437.5 million represented in total 15.4% increase Above $ 379.2 million Last year was recorded in the same month. However, it was 5.6% less From $ 463.6 million Informed in April Tennessee Sports Wagering Council,
Operators also reported in Tennessee $ 3.2 million In unknown adjustment for May. Without them, gross betting handle must have reached $ 440.6 millionBased on this adjusted data, gross bets were up 16.2% year-to-year but still 5.6% below the total of April,
Tennessee Sports Wagering Council has not released monthly revenue data since then July 2023It is impossible to determine the hold of the state for May. However, the council reported that the privilege tax has crossed the revenue due to sports betting. $ 8.1 million For the month. Tennessee remains the only American state that makes sports betting based on taxes, makes a payment with licensed operators 1.85% Taxes on their total betting handle.
What is the situation of sports betting in Tennessee?
Tenasi MPs approve the sports betting law April 2019With the law being effective on 1 July of that year. Launched in the first sportsbook November 2020. In particular, the Tenasi online-cavalry game became the first American state to legalize betting, with no allowance for physical sportsbook locations. Tenessey remains the only American state with a fully online sports betting market, except for Tennessi Retail Sportsbook and Casino.
Currently, there are 13 licensed operators who are authorized to accept stakes in the state, some Tennessy speculators offer sportsbook promoting. One of the most recent and major launch in the state was BET365. Operator recently Launched in Tenasi and IllinoisAnd it is later planned for a forest in Missouri in 2025.
According to experts, Tennessy’s sports betting market has been designed for continuous increase, which is powered by its innovative structure, expansion of operator base, and continuous consumer interest. The state’s fully digital model and strong regulator environment is as a leader in the American sports betting scenario developing it.
