Tennessee sports betting revenue falls to record low of $10.1m in August | Sports betting – iGaming Business

Sports betting revenue in Tennessee slipped to a $10.1m (7.4m/8.7m) in August, the lowest total reported since the market opened, with handle flat month over month.

Adjusted gross revenue for August was 23.5% below the previous low of of $13.2m, set during the first month of legal sports betting in Tennessee inNovember last year. The figure was also 24.6% down from $13.4m inJuly of this year.

Player spending for the month came to $144.5m, which was level with the amount wagered in July this year, but the joint-lowest monthly total since $131.4m was spent in November 2020.

The Tennessee Education Lottery also reported that it was able to generate $2.0m in tax from sports betting in August, while players won a total of $131.3m.

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Tennessee sports betting revenue falls to record low of $10.1m in August | Sports betting - iGaming Business