Tennessee Nearing $500 Million From Sports Betting Taxes

NASHVILLE, Tenn. – Tennessee is closing in on $500 million in sports betting taxes . The Tennessee Sports Wagering Council’s October report shows the state collected a record $12.4 million in privilege taxes, pushing its total since November 2020 to about $493.9 million. That leaves Tennessee about $6.1 million short , roughly half of the $11.9 million it collected last November. The first $100 million in Tennessee sports betting taxes took two years to arrive in November 2022, but each one since has come faster, with the latest taking 11 months.