Tennessee became the 10th state in the post-PASPA era to surpass $5 billion in sports wagering handle after the state’s Sports Wagering Advisory Council reported Monday that nearly $182.8 million worth of bets were placed in July.
The Volunteer State also cleared $2 billion in handle for the year, the 11th state to do so, as year-over-year handle has increased 62.3% compared to the first seven months of 2021. Though month-over-month handle dipped 15.3% from June’s total of $215.8 million, the figure was an improvement of 26.4% versus last July.
The state’s 13 mobile and online operators continued the national trend of July being a strong month for the house. Their 9.9% win rate resulted in $18.2 million, an increase of 14.6% compared to June. Despite having a high hold nearly three full percentage points above the 7% industry standard, Tennessee currently ranks eighth of 10 states that have published revenue reports for the month.