Tennessee saw $495 million worth of gross sports wagers in December while collecting $9.1 million in privilege tax.
The total gambled was up from $440.4 million of gross wagers in December 2022 while the tax collections were down from $9.4 million.
The totals come a month after the state topped $500 million in monthly gross wagers for the first time while collecting $9.5 million from the sportsbooks in taxes in November.
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 general fund of local governments and 5% goes to the state’s Department of Mental Health.
