Consumer spending on sports betting in Tennessee fell for the third consecutive month in February, although the amount wagered was higher than the previous year.
Gross wagers in Tennessee during February hit $417.4 million (£322.8 million/€384.7 million). This fell 24% short of January’s total but beat the $380.4 million spent on sports betting last year by 8.7%.
Tennessee has now seen gross wagers fall each month, according to the Tennessee Sports Wagering Council, since the $598.6 million bet in November 2024 set a new state record.
After $3.9 million in undisclosed “adjustments”, gross handle for the month stood at $413.5 million. This was 23.9% less than January but 9.3% ahead of February last year.
As for government revenue, overall privilege tax from sports betting amounted to $7.6 million.
The council does not publish figures for revenue, nor does it offer a breakdown of activity by operator or sport.
A total of 11 platforms are currently live in Tennessee. These include major brands such as Caesars, Bally Bet, FanDuel, DraftKings, Fanatics, ESPN Bet, BetMGM and Hard Rock Bet.
Betly, ZenSports and Tennessee Action 24/7 also operate in the state’s sports betting market.
Robert Fletcher
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