Tennessee Posts Sports Betting Handle of $176.3 Million for February

The report also reveals that the sportsbooks paid out $163.3 million leaving just $13 million in taxable revenue. This was a drop of 40.4% on January’s adjusted gross income of $21.8 million.

As a result, state taxes from the sports betting industry amounted to just $2.6 million.

The news follows the recent suspension and reinstatement of local sports betting operator Tennessee Action 24/7’s sports betting license following a lottery investigation into claims of credit card fraud by depositors.

Image credit: Derrick Brutel / CC BY-SA 2.0

David Burke

Tennessee Posts Sports Betting Handle of $176.3 Million for February