Tennessee takes $160.9m in sports wagers in May

Results published by the Tennessee Education Lottery (TEL), the body responsible for online sportsbook licensing and regulation, show that customers wagered a total of $160.9m (£116.1m/€135.3m) on sports during the month of May.

The figure is down 6.7% on the $172.4m wagered in April, making May the month with the lowest total handle in Tennessee since the market launched in November 2020, when players wagered $131.4m.

Of the total wagered in May, $145.5m was paid out in prizes, and operators were left with an adjusted gross income of $13.7m, after paying $2.7m to the state in privilege taxes.

Read the full story on iGB North America.

Results published by the Tennessee Education Lottery (TEL), the body responsible for online sportsbook licensing and regulation, show that customers wagered a total of $160.9m (£116.1m/€135.3m) on sports during the month of May.

The figure is down 6.7% on the $172.4m wagered in April, making May the month with the lowest total handle in Tennessee since the market launched in November 2020, when players wagered $131.4m.

Of the total wagered in May, $145.5m was paid out in prizes, and operators were left with an adjusted gross income of $13.7m, after paying $2.7m to the state in privilege taxes.

Read the full story on iGB North America.

Original Article

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