Sports betting has generated $261M in tax revenue for Tennessee

Sports betting has generated more than $261 million in taxes for Tennessee since its legalization in 2019. More than $14.7 billion in sports bets have been placed in Tennessee during that period with Tennessee being the first state to go fully online for its sports betting. The industry has continued to grow in the state each year with bettors placing $520 million in wagers and generating tax revenues of $9.6 million in September 2024 alone. Football remains the most popular sport for betting in the state.