Tennessee sports betting revenue down in July as handle slips to eight-month low
| By Robert Fletcher
The Tennessee Education Lottery reported a month-on-month decline in sports wagering revenue and handle for July, as consumer spending slipped to its lowest total since the state opened its regulated market in November last year.
![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)
Revenue for the month amounted to $13.4m (£9.8m/€11.4m), down 16.8% from $16.1m in June and the lowest monthly amount since $13.0m in February this year.
Player wagered a total of $144.5m during the month, a drop of 17.2% from $174.5m in July and the least amount spent by players in a single month since Tennessee’s market launched in November 2020.
Consumers won $129.4m from sports betting in July, while the state was able to generate $2.6m in tax from sports wagering activities during the month.
Online and mobile wagering was first legalized in Tennessee in July 2019 after Governor Bill Lee allowed a bill permitting it, SB0016, to pass without his signature.