Home > Sports betting > Tennessee takes $160.9m in sports wagers in May

Tennessee takes $160.9m in sports wagers in May

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Results published by the Tennessee Education Lottery (TEL), the body responsible for online sportsbook licensing and regulation, show that customers wagered a total of $160.9m (£116.1m/€135.3m) on sports during the month of May.

The figure is down 6.7% on the $172.4m wagered in April, making May the month with the lowest total handle in Tennessee since the market launched in November 2020, when players wagered $131.4m.

Of the total wagered in May, $145.5m was paid out in prizes, and operators were left with an adjusted gross income of $13.7m, after paying $2.7m to the state in privilege taxes.

Read the full story on iGB North America.

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