The figures were released following a record-breaking December during which fan wagered $440 million on sports. This was the highest monthly figure reported since sports betting in Tennessee launched in November 2o20.
December’s sports betting handle topped the all-time record of $439 million which was set in the previous month. The total for the month also represented a year-on-year increase of 29.4% from the $340 million in wagers reported in December of 2021. It was also more than double the $180 million handle reported in the industry’s second full month of operation in December of 2020.
State taxes are collected at a rate of around 20%. This resulted in tax revenue of around $70 million for the year 2022.
December Sports Betting Figures See Tennessee Set All-Time Monthly and Yearly Records
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