Tennessee’s Sports Wagering Council released the state’s July numbers this week, showing the state collected nearly $4 million in privilege taxes.
But those numbers no longer include any information on how much money the state’s sportsbooks made.
July marked the first month of a new taxing structure for Tennessee sportsbooks, assessing a 1.85% tax on gross wagers instead of the previous 20% tax on the sportsbooks’ adjusted gross income.
But, in reporting the July numbers, the SWC no longer reported the sportsbooks’ adjusted gross income and instead simply reported how much money was placed on mobile sports bets in the state and the calculated tax from that.
