Tennessee sports betting handle comes in at $327.3m in February

The state registered its lowest monthly handle since September 2022.
The state registered its lowest monthly handle since September 2022.

The state’s sports betting handle was down 20.5 per cent compared to the previous month.

US.- Tennessee’s sports betting handle was $327.3m in February, according to the state’s Sports Wagering Advisory Council (SWAC). That’s a drop of 20.5 per cent compared to January’s $410.7m but up 4.3 per cent year-over-year. It’s the lowest monthly handle since September 2022 ($336.9m).

Sportsbooks paid out $293.3m in winnings and, after adjustments, reported gross revenue of $31.8m. The hold percentage was 10.4 per cent and taxes were $6.3m.

ZenSports applies for Tennessee sports betting licence

KeyStar has submitted a sports wagering licence application for ZenSports in Tennessee. ZenSports consists of both a traditional sportsbook and a peer-to-peer sports betting marketplace. It was acquired by KeyStar in October 2022, along with esports tournament specialist Ultimate Gamer.

KeyStar CEO Mark Thomas said: “Tennessee is the perfect first state for us to launch ZenSports in. Tennessee has demonstrated significant technology innovation and is one of the fastest-growing states for sports wagering.”

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sports betting Tennessee Sports Wagering Advisory Council