Tennessee Conservative
Tennessee Sports Wagering Taxes Have Not Risen At The Same Rate As The Amount Of Sports Wagers But The Tax Collections Are Up Nearly $2.5 Million Year Over Year For The First 11 Months Of The State’s Fiscal Year.
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Tennessee Collected Nearly $7 Million In Taxes On $381.8 Million In Gross Sports Wagers In May.
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Tennessee Saw $384.2 Million In Sports Wagers In April With $7 Million In Taxes Collected. That Was Up From $318.4 Million In Wagers And $6.4 Million Of Taxes Collected In April 2023.
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Tennessee Saw $467 Million In Gross Wagers And $8.6 Million In Privilege Tax Paid In January, Making It The Third Highest Amount Of Wagers The State Has Seen Since Betting Began In November 2020.
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Tennessee’s Sports Wagering Council Released The State’s July Numbers This Week, Showing The State Collected Nearly $4 Million In Privilege Taxes. But Those Numbers No Longer Include Any Information On How Much Money The State’s Sportsbooks Made.
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Tennessee Collected $6.4 Million In Taxes On $318.4 Million In Gross Sports Gambling Wagers In The State During April.
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Tennessee Collected $8.8 Million In Taxes On Sports Wagering In March On $392.7 Million In Wagers. The Tax Collections Were The Third Highest Since Online Sports Wagering Began In Tennessee In November 2020 And Coincided With The NCAA Basketball Tournament.
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A Bill That Will Change How Tennessee Taxes Sports Gambling Will Next Head To The Senate.
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Tennessee Saw $327 Million In Sports Wagers In February And Received $6.4 Million In Privilege Tax During A Month Highlighted By The Super Bowl, One Of The Largest Sports Betting Events Of The Year.
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Tennessee Set Records Again For Sports Wagering In December With $440.4 Million In Bets Placed.
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