Tennessee collected $8.2M in sports wagering taxes in October, up from '22

Tennessee collected $8.2 million in taxes on $445.2 million of gross wagers in October, an increase in both categories from a year before.

In October 2022, $7 million was collected on $405 million of gross wagers.

That’s a change from September, when the state collected $1 million less in taxes compared to a year before despite an increase in bets from $420 million in gross wagers in September compared to $337 million in gross wagers in September 2022.

Tennessee levies a 1.85% tax on gross handle, which replaced a 20% tax on adjusted gross income that was in place until July.
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