Tennessee received $4.6 million in taxes on $230.3 million in sports wagers in June, the first month the state began a new system for taxing sports gambling.
Under the previous system, the state would have also received $4.6 million in taxes.
It was the state’s lowest sports gambling tax collection since July 2022 and the lowest total of gross wagers since August 2022.
Tennessee has had a drop in sports gambling numbers each year during the summer months with less sports options but it has then picked up as college football season begins in September.
“Adjusted gross income was also down a significant 35% month-over-month, which is slightly more extreme than normal for an established market such as Tennessee, but many of its peers are also experiencing dramatic behavior in this slow season,” said BetTennessee.com analyst Dru James.
