Tennessee Sports Betting Revenues in January Grow by 24.7% Year-on-Year

Sports betting handle falls short of December's all-time record

Tennessee Sports Betting Revenues in January Grow by 24.7% Year-on-Year - Tuesday, February 28th, 2023 2:23

Tennessee Sports Betting Revenues in January Grow by 24.7% Year-on-Year from the Tennessee Sports Wagering Advisory Council shows that sportsbooks in the state accepted over $410.7 million in wagers throughout the month of January.

January’s figure marks a drop of 6.6% drop on December’s record-breaking $440 million. However, it also represented a year-on-year increase of 6.4%.

Tennessee Sports Betting Revenues in January Grow by 24.7% Year-on-Year

Sportsbooks reported a win of 8.8% in January up from the 7.5% hold in January 2022. However, this was almost 2% less that the figure reported in December when sportsbooks held 10.6% of all wagers made throughout the month.

Tennessee Sports Betting Revenues in January Grow by 24.7% Year-on-Year towards the end of 2022, revenues and taxes increased allowing Tennessee sports betting to report a record-setting 2022.

Jenny Tang

An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.