Tennessee sports betting sets monthly record with $386 million handle in January

Tennessee sports betting sets monthly record with $386 million handle in January

Article brief provided by Rocky Top Insider
  • James Mason, Rocky Top Insider
February 21, 2022 8:48 PM
  • James Mason, Rocky Top Insider

Mobile sports betting continues gaining steam in Tennessee as the state’s sportsbooks reported a combined gross handle of just over $386 million in January. It’s the highest monthly total since legal sports betting launched in the state on Nov. 1, 2020.

Story continues below

The nine mobile sportsbooks operating in the state had a total gross handle of $386,059,756 and adjusted gross revenue of $29,087,518 after paying out just shy of $350 million. Tennessee collected $5,817,504 in privilege taxes.

The previous record gross handle came in October 2021, when the sportsbooks handled a combined $375.3 million. Bettors were more successful in October, compared to January 2022, winning $352.4 million for an adjusted gross income of $17.2 million.