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Tennessee total betting handle surpasses $1bn in April


Results published by the Tennessee Education Lottery show that the state’s sports betting market saw players wager $172.4m in April, bringing the total sports betting handle in the state to over $1bn since the market’s launch in November.

April’s handle was down 16.3% on March’s figure of $205.9m, which was the second highest total wagering figure recorded in the state after January.

The $172.4m wagered in April was the lowest since the first month of action in the state, less than February’s $176.3m.

Of April’s total, $156.9m was paid out in prizes, giving operators an adjusted gross income of $14.4m. This was down 10.6% from March, but ahead of February’s total.

Operators paid a sports betting privilege tax of $2.8m on this figure.

Total betting handle in the state now stands at $1.08bn since the market launched in November, overseen by the Tennessee Education Lottery.

Tennessee was the first state in the US to allow mobile and online wagering without a land-based tethering requirement, under a bill passed into law without its governor’s signature.