Daily Tennessee sports gambling numbers for August matched those of July with around $4.7 million bet per day, according to numbers released Monday by the Tennessee Education Lottery.
Bettors placed $144.5 million in wagers in August that led to $13.2 million in gross gaming revenue and $10.1 million in taxable revenue. Sports betting generated $2 million in tax revenue for the state.
“After an up and down summer, it would’ve been encouraging to see some growth in handle ahead of what is a crucial period in the industry,” said Nicole Russo, an analyst for PlayTenn.com. “No sport motivates bettors like football, though. And a surge in betting this fall will put an end to the slower summer months.”