Tennessee collected $9.5 million in taxes on sports wagering in November, up from $9.4 million last November as the state’s sportsbooks accepted $517 million in gross wagers.
It was the first time Tennessee exceeded $500 million in gross wagers in a month.
Tennessee collected $8.2 million in taxes on $445.2 million of gross wagers in October.
Tennessee levies a 1.85% tax on gross handle, which replaced a 20% tax on adjusted gross income that was in place until July.
Tennessee sends 80% of its sports wagering taxes to the Lottery for Education Fund to pay for things such as the Hope Scholarship while 15% goes to the gener
