In Tennessee, people bet $378.2 million on sports in February. This is up by 15.6% compared to last year.
But it's down by 18.8% from January. The state made $7 million in taxes from sports betting. This tax money helps fund education, local governments, and mental health programs.
Tennessee changed its tax system for sportsbooks in July 2023 to tax based on the amount bet.
But it's down by 18.8% from January. The state made $7 million in taxes from sports betting. This tax money helps fund education, local governments, and mental health programs.
Tennessee changed its tax system for sportsbooks in July 2023 to tax based on the amount bet.
