Tennessee Sports Betting Handle Drops to $160.9M for Month of May

Tennessee Sports Betting Handle Drops to $160.9M for Month of May from the Tennessee Lottery reveals that the state’s sports betting handle came in at $160.9M for the month of May. The latest figures mark a drop of 6.8% from April’s handle of $172.4M.

State taxes amounted to $2.7M for the month, a drop of 3.6% from the $2.8M collected in April.

Tennessee Sports Betting Handle Drops to $160.9M for Month of May

The Tennessee Lottery currently regulates and runs sports betting operations in the state. However, this is about to change as the newly established Sports Wagering Advisory Council is set to take over regulatory responsibilities from January 1st 2022.

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Ciaran McEneaney

Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.