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 2024December 202320242023
Handle572,715,244495,067,7835,297,710,0424,295,669,943
Tax10,516,3659,104,14897,160,56383,557,513