Sports betting up nearly 89% over last year in Tennessee

The state of Tennessee collected $39.3 million in taxes from sports betting in 2021, according to new data from PlayTenn. October 2021 was the highest month for bets being placed since sports betting began in November 2020 with the state seeing $375.3 million in sports bets placed. November 2021 is the second-highest month with December 2021 coming in as the third-highest month. More than $2.7 billion bets total were placed in Tennessee in 2021 with taxes paid on $239.9 million in gross revenue. Sportsbooks made $240 million in revenue from Tennessee. Sports betting has increased 88.9% since the same time last year, according to the Tennessee Education Lottery’s Sports Wagering Advisory Council. Events like the Tennessee Titans’ playoff push and the Memphis Grizzlies’ season have contributed to these increases.