Tennessee sportsbooks report $313.3m in wagers in February

The month´s handle was down 18.8 per cent from a record $386.1m in January and the lowest since September.

US.- Tennessee sportsbooks took $313.3m in wagers in February, up 77.7 per cent from $176.3m in February 2021, according to data released by the Tennessee Sports Wagering Advisory Council.

February’s handle was down 18.8 per cent from the record $386.1m in January and the lowest since September, when sportsbooks took in $257.3m in wagers. Operators reported $20.9m in gross revenue for February, up 61.1 per cent from the $13.3m in February 2021 but down 42.2 per cent from January´s $36.2m. Promotions whittled adjusted revenue down to $15.1m, which yielded $3m in tax revenue.

Bets placed on Super Bowl 2022 came to $23m, up from $15m last year.

Eric Ramsey, PlayUSA.com Network analyst, said: “Sportsbooks breathed a sigh of relief that baseball will still play a full schedule, ensuring the primary bet generator during the summer months will be in action. Operators can now look forward to the first truly normal sports year since 2019.”

See also: Tennessee approves three new mobile sportsbooks

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