Tennessee collected $8.7 million in taxes on $336.9 million in sports wagers in September, according to new numbers from the state’s Sports Wagering Advisory Council.
The taxes are more than the state has collected in a month since wagering opened in November 2020. The previous high was $5.9 million collected in November 2021.
The $336.9 million in wagering was the sixth largest month since wagering began, with the previous high being $386 million wagered in January 2022.
Tennessee collects 20% of the industry’s net operator revenue in taxes. Of the sports gambling taxes, 80% of the taxes collected from sports gambling goes to education, 15% goes to the state for distribution to local governments and 5% goes toward mental health programs.
