{"id":825473,"date":"2025-02-08T13:11:58","date_gmt":"2025-02-08T19:11:58","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/08\/tennessee-sets-another-sports-betting-handle-record-in-november\/"},"modified":"2025-02-08T13:11:58","modified_gmt":"2025-02-08T19:11:58","slug":"tennessee-sets-another-sports-betting-handle-record-in-november","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/08\/tennessee-sets-another-sports-betting-handle-record-in-november\/","title":{"rendered":"Tennessee sets another sports betting handle record in November"},"content":{"rendered":"
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Sports betting handle in Tennessee reached a record high for the second consecutive month in November, while tax from wagering in the Volunteer State also reached a new all-time high.<\/strong><\/p>\n\"Tennessee<\/p>\n<\/picture>\n

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Gross wagers during November amounted to $598.6 million (\u00a3469 million\/\u20ac569.4 million). This is 16.1% more than in Tennessee last year and 8.6% higher than October\u2019s existing record of $551.2 million<\/a>.<\/p>\n

Data from the Tennessee Sports Wagering Council<\/a> show $4.2 million worth of adjustments, the details of which were not disclosed. After taking these into account, gross handle for the month was $594.4 million.<\/p>\n

On top of this, the Council also reported $11 million in tax from sports betting activities in November. This is another new record for Tennessee, surpassing the previous all-time high of $10.1 million in October.<\/p>\n

The Council does not publish figures for sports betting revenue, nor does it break down monthly performance by operator or sport.<\/p>\n

At present, 12 mobile betting platforms are live in the state. Only online sports betting is permitted in Tennessee, with retail wagering not currently legal in the state.<\/p>\n

Tennessee is also the only state with commercial sports wagering to generate tax revenue via a percentage of handle. The regulated market has been open since November 2020.<\/p>\n

Caesars, Bally Bet, FanDuel, DraftKings, Fanatics, ESPN Bet, BetMGM and Hard Rock Bet are among those licensed in Tennessee. Also approved are Betly, ZenSports, Superbook and Tennesee Action 24\/7.<\/p>\n<\/p><\/div>\n<\/section>\n

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Robert Fletcher
Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sports betting handle in Tennessee reached a record high for the second consecutive month in November, while tax from wagering in the Volunteer State also reached a new all-time high. Gross wagers during November amounted to $598.6 million (\u00a3469 million\/\u20ac569.4 million). This is 16.1% more than in Tennessee last year and 8.6% higher than October\u2019s<\/p>\n","protected":false},"author":1,"featured_media":825474,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[192,2901],"tags":[6810,5951],"class_list":{"0":"post-825473","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sports","8":"category-tennessee","9":"tag-sports","10":"tag-tennessee"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/825473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=825473"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/825473\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/825474"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=825473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=825473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=825473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}