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.
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.