Tennessee Announces 2022 with Monthly Sports Betting Records

Tennessee bettors and sports betting operators ended 2022 with flying colors, again setting all-time monthly records for both driving and revenue in December, according to data released by the state Sports Betting Advisory Council Thursday at night.

All-mobile betting handling of more than $440.4 million was about $1 million better than November's short-lived standard of $439.5 million. It was also the third straight month that Tennessee posted a record, having raised $400 million for the first time in October with $405.3 million in bets accepted.

December marked the second straight month in which a new revenue record was posted, with the state's 11 mobile sportsbook posting gross revenue of nearly $49.2 million. That was a 4.1% increase from $47.2 million in November, with December's 11.2% win rate nearly a half percentage point better than the prior month.

The state was eligible to levy its 20% tax rate on $47 million of that amount, also the most in 26 months of betting. The $9.4 million in revenue for the last month of the year is the highest 토토사이트 taxes collected by any state outside the "Big Four" of New York, New Jersey, Illinois and Pennsylvania.

The year-over-year numbers show tremendous growth: Compared to 2021, management was up 41%, or $1.1 billion, to $3.9 billion in 2022. The suspension, which came in at 9.9% of full-year gross revenue, contributed to a 58.5% increase in gross revenue to $379.4 million. Adjusted revenues increased 72.1% to $340.1 million. There was a 5.9% year-over-year decrease in the total number of deductions reported by carriers in 2022 to $39.3 million. This contributed to state taxation of only 90% of carriers' reported gross receipts during the calendar year. In 2021, that total was 82.5 percent of the home's $239.4 million earnings.

State coffers had more than $68 million in tax revenue for 2022, up $28.5 million from 2021. Tennessee became one of seven states to surpass $100 million in tax revenues in the post-PASPA era in November, and there's a strong possibility the $113 million raised since the November 2020 launch will be more than Nevada , when Silver State announces its numbers. at the end of January.

The Sports Betting Advisory Council does not publish management and revenue data by operator or sport.