According to the latest figures released by the Tennessee Sports Wagering Advisory Council (SWAC), gamblers in the state placed $3.844 billion in sports wagers during 2022.
December Sports Betting Figures See Tennessee Set All-Time Monthly and Yearly Records launched in November 2o20. December Sports Betting Figures See Tennessee Set All-Time Monthly and Yearly RecordsState taxes are collected at a rate of around 20%. This resulted in tax revenue of around $70 million for the year 2022.
2022 was also the year that regulation of the sports betting industry moved from the Tennessee Education Lottery to the newly established Sports Wagering Advisory Council (SWAC). The SWAC took control of regulation in January 2022 and is responsible for operator license approval and the collection of sports betting data. SWAC is led by executive director Mary Beth Thomas, formerly an attorney with Nashville firm Waller Lansden Dortch & Davis, and the body’s nine-member advisory board.
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.