Tennessee sports betting handle increases year-over-year in May
The sports betting handle rose by 15.4 per cent compared to the same month in 2024.
US.- Tennessee’s sports betting gross handle totalled $437.5m in May. That’s an increase of 15.4 per cent compared to the same month in 2024, but 5.6 per cent behind April’s handle of $463.6m.
The Tennessee Sports Wagering Council reported that after $3.2m worth of adjustments, gross wagers for the month amounted to $440.6m, 16.2 per cent higher year-on-year but 5.6 per cent less than in April 2025. Privilege tax from wagering totalled $8.1m. Tennessee is the only US state to base its tax rate on handle. Licensed operators pay 1.85 per cent of their betting handle.
The council did not provide a breakdown of betting by operator or sport nor information on operator revenues. The state’s monthly record for gross sports wagers is $598.6m, set in November 2024. The state’s legal market launched in November 2020.
In April, the Tennessee gaming regulator released new rules for sports betting in the state. Effective, new rules add multi-factor identification requirements for various account activities, define more responsible gaming terms and introduce new conditions on the processes for voiding or cancelling wagers. There are also changes to know-your-customer (KYC) requirements, marketing and advertising rules and more.
