Tennessee Gamblers Bet $27.4 Million on Sports in First Week

This story was published more than 3 years ago.

Sportsbetting's first week in Tennessee was very popular among gamblers, as punters wagered $27.4 million on the activity during the week.

Sportsbetting is available through mobile devices only and saw big-name operators like DraftKings, FanDuel, and BetMGM all taking action. The first day's action saw $5.1 million in bets wagered, with revenues coming in at $800,000.

The first week as a whole came in with revenues of $2.5 million on $27.4 million in revenues. Taxes paid were $509,000.

Football season is in full swing, with college and NFL seasons taking place, which is what most of the money was bet on.

Commenting on the results Tennessee Education Lottery CEO Rebecca Paul Hargrove said, "These numbers are encouraging as we work to protect the consumer, promote fairness in sports and regulate this new Tennessee industry that provides critical funds for education, as well as local governments and problem gambling services."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.