Tennessee sports betting handle rises to $548.6 million in March

Gross handle for the month of March hit $548.6 million (£413.1 million/€483.0 million). This was 16.2% more than last year and 32.7% ahead of February’s total in Tennessee.

It was also the first month in which gross sports handle has not fallen month-on-month since November, when a new state record of $594.4 million was set. Tennessee launched its legal sports betting market in November 2020.

Figures from the Tennessee Sports Wagering Council covered gross handle during the month. They also included $3.2 million in unspecified adjustments.

Prior to those adjustments, total sports wagers in March hit $551.8 million. This beat last year by 16.5% and was 32.2% ahead of February.

As for tax, the council reported collecting $10.1 million in privilege tax from sports betting during March.

Data on revenue or figures for individual operators in Tennessee are not made public.

Caesars, Bally Bet, FanDuel, DraftKings, Fanatics, ESPN Bet, BetMGM and Hard Rock Bet are among the 11 active platforms in Tennessee. Betly, ZenSports and Tennessee Action 24/7 also operate in the state’s market.