Tennessee Sports Betting Market Starts Big | Calvin Ayre
Tennessee’s online-only sports betting market proved a winner in its first full month of operations. Tennessee Education Lottery (TEL) showed that the state’s four sports betting licensees – BetMGM, DraftKings, FanDuel, and local outfit Action 24/7 generated a combined wagering handle of $131.4m in November.
The betting revenue totaled $13.2m, of which the state’s share came to slightly less than $2.4m. These numbers represent best-ever results for any US state’s first month of legal wagering, an achievement likely aided by this season’s surprisingly good showing by the NFL’s Tennessee Titans.
So, which of the four sports betting licensees performed well? Read to find out more!