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Tennessee's burgeoning sports betting market demonstrated a significant year-on-year increase in April, continuing its trajectory of growth in the online wagering sector. The Tennessee Sports Wagering Council recently disclosed that the state's gross betting handle amounted to a substantial $463.6 million for the month, representing a 21.7% increase from April 2023. Apart from this growth, the total Handle experienced a 15.5% decline compared to the $548.6 million registered in March 2025.
The decline in betting volumes is consistent with historical trends, as the sports betting calendar typically exhibits a slowdown after the NCAA basketball tournament and other high-profile events that drive March activity. Including undisclosed "adjustments," the adjusted gross handle for April reached $466.5 million, marking a 21.4% rise from April last year, but reflecting the same 15.5% decline from March. The specific nature of these adjustments remained undisclosed in the council's report, yet they are commonplace and might reflect corrections or late reporting from operators.
Despite the tax model charging a fixed rate of 1.85% on the handle rather than revenue, Tennessee's tax collection for April 2024 amounted to $8.6 million, inviting speculation that the market may continue to thrive despite seasonal fluctuations. Meanwhile, 11 online sportsbooks were actively engaged in Tennessee, with major national brands and smaller regional operators contributing to the market's diversity.
As the betting market absorbs the traditionally quieter spring and summer months, Tennessee's potential for sustained growth remains optimistic. While betting volumes historically taper in May and June, the market's resilience, expanding options, and technological advancements offer strong foundations for continued expansion, even as competition intensifies and growth rates level off.
- Despite the decline in betting volumes in May compared to March, the expansion of online casino offerings, including poker and sports betting, might help maintain Tennessee's growth trajectory in the online wagering sector.
- With the increasing number of online casinos operating in Tennessee, such as sports betting platforms and poker rooms, there's a chance that the market's potential for year-round growth could be realized, especially as technological advancements and competition continue to evolve.
