Sports betting in Tennessee topped $5 billion in 2024, growing by 23 per cent year-on-year to $5.30 billion.
December’s gross wagering increased by 16 per cent versus the same month a year earlier to $572.7 million, making the fourth consecutive month with wagers of more than $500 million.
2024 was the first full calendar year of Tennessee’s turnover-based betting tax, which contributed to a 16 per cent increase in tax revenue to $97.2 million.
Tennessee sports betting comparison: December 2024 v 2023 ($)
December 2024 | December 2023 | 2024 | 2023 | |
Handle | 572,715,244 | 495,067,783 | 5,297,710,042 | 4,295,669,943 |
Tax | 10,516,365 | 9,104,148 | 97,160,563 | 83,557,513 |