Tennessee sports betting handle reaches $27m in first week

Four sportsbooks currently operate in Tennessee.
Four sportsbooks currently operate in Tennessee.

Tennessee is the first state in the US to launch an all-mobile sports betting market.

US.- The first full week of sports betting in Tennessee brought in a handle of $27m, the state’s regulator has reported.

The Sports Wagering Advisory Council for the Tennessee Education Lottery (TEL) said the first week of activity from November 1 generated $509,000 in tax revenue for the state.

Four sportsbooks currently operate in Tennessee; Draft Kings, FanDuel, MGM and Tennessee Action 24/7. The three that are live in other states said Tennessee’s handle on the first day was larger than they had seen on launch elsewhere.

Elisa Richardson, a Spokeswoman for BetMGMtold gambling.com: “Our Tennessee launch went incredibly well. It was our biggest new player signup day ever.”

The regulatory body has said that it is in the process of approving three more operators: Churchill Down’s BetAmerica, William Hill and WynnBET.

Tennessee is the first state in the US to launch an all-mobile sports betting market. Casinos and racetracks are prohibited in the state.