Tennessee Conservative
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 Saw $495 Million Worth Of Gross Sports Wagers In December While Collecting $9.1 Million In Privilege Tax.
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Tennessee Collected $9.5 Million In Taxes On Sports Wagering In November, Up From $9.4 Million Last November As The State’s Sportsbooks Accepted $517 Million In Gross Wagers.
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Tennessee Collected $8.2 Million In Taxes On $445.2 Million Of Gross Wagers In October, An Increase In Both Categories From A Year Before.
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Tennessee’s Sports Wagering Council Is Expecting This Fiscal Year To Show A One-Year Dip In Sports Wagering Taxes Collected Before Seeing That Total Rise Again Next Fiscal Year.
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Image Credit: RawPixel / Public Domain The Center Square [By Jon Styf] – Tennessee collected $1 million less in taxes
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Tennessee Spent $314.5 Million To Assist 70,633 Students With HOPE Scholarships In The 2022-23 Fiscal Year, According To A New Report From The Tennessee Comptroller’s Office.
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Tennessee Saw More Wagers And Less Taxes Paid On Those Wagers In The Second Month Of Its New System For Taxing The State’s Sportsbooks.
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Tennessee’s New System For Taxing Sports Wagering Will Begin July 1.Had The New Tax Been In Place Since Wagering Began In November 2020, The State Would Have Collected $154 Million Compared To The $142 Million It Has Collected. But Those Numbers Have Changed In Recent Months.
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Tennessee Gov. Bill Lee Signed A Bill That Will Make Tennessee The First State To Tax Sportsbooks Based On The Total Gross Wagers Accepted In The State.
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