Tennessee bettors stake $131.4m in first month of mobile wagering
![Tennessee February](https://igamingbusiness.com/img-srv/mx8t1uWSw1akbScZM2lUFrlYSUR-aLXnwX7iK1SCzpk/resizing_type:auto/width:0/height:0/gravity:sm/enlarge:1/ext:webp/strip_metadata:1/quality:90/bG9jYWw6Ly8vaWdhbWluZ2J1c2luZXNzLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAyMS8wMS9Lbm94dmlsbGUtVGVubmVzc2VlLTEuanBn.webp)
The state’s first bets were placed on 1 November, with players staking $27.4m in the first week, a period which saw the National Football League well underway.
This ultimately resulted in total handle of $131.4m for the month, far surpassing the previous first month record of $35.2m set by Indiana for September 2019.
With gross winnings of $118.2m paid out to players, this suggests the four operators currently live – DraftKings, BetMGM, FanDuel and local brand Action 247 – generated revenue of $13.2m.
After adjustments, the state received $2.4m from the 20% gross revenue tax levied on its licensees.
This will be divided between a number of state bodies, with 80% going to the Lottery for Education Account, and a further 15% going to the Tennessee General Fund. The final 5% will be allocated to the Department of Mental Health and Substance Abuse Services to tackle problem gambling.