Tennessee May Sports Betting Numbers Down Slightly From April
Following somewhat of a similar pattern with most of the country, Tennessee’s sports betting was lower in May than in April.
The Tennessee sports betting handle was $160.9 million in May, down 6.8% from April’s $172.4 million. The state’s April numbers were lower than March, which was up because of the NCAA men’s basketball tournament.
Gross payouts in May came to $145.5 million, down 7.3% from April’s $156.9 million. The adjusted gross income was $13.7 million, down 4.9% from April’s $14.4 million.
According to figures posted Wednesday by the Tennessee Education Lottery, the state’s privilege tax was $2.7 million, down 3.6% from April’s $2.8 million.
Tennessee Sports Betting, May vs. April
|Total Handle||Gross Payouts||Privilege Tax|
|Change||Down 6.8%||Down 7.3%||Down 3.6%|
Note: Tennessee’s sports betting market is all mobile.
May Usually a Slow Month in US
Sports betting numbers were down throughout most of the country in May. March tends to be one of the biggest months and Tennessee’s $205.9 million was the second-highest month in the state’s short gambling history.
Tennessee, one of the few states to be all mobile for its sports betting, has started the process of moving its sports wagering regulatory responsibilities from the Lottery to the Sports Wagering Advisory Council.
The council is about to start a search for an executive director before it fully takes over sports betting on Jan. 1.
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