October a Record Month for Tennessee Bookie Industry

Last updated on November 20th, 2021 at 06:58 pm

As the NFL reaches the halfway point of its season and college football approaches bowl season, the Tennessee bookie industry achieved a record number of handle in October. In addition, the Tennessee Education Lottery said that players wagered $375 million during the month. It broke the previous record by over $120 million.

According to bookie pay per head reports, the 45.9 percent spike in bets place is credited to the overlap of various professional leagues, including college football, NFL, NHL, NBA, and MLS. A normal of $12.1 million in wagers were set every day, overshadowing the $8.6 million in wagers each day in September.

Almost $17.2 million in available income was produced in October — additionally a Tennessee record — from which $3.4 million in charges was created for the state.

Tennessee Bookie Industry

Despite the flood in wagers set, gross income dropped nine percent from $25.6 million in September to $23.3 million in October. Be that as it may, it was yet the second-most productive month for sportsbooks and simply the third month with more than $20 million in income created.

Tennessee, which is the solitary online-just games wagering market in the U.S., has eight endorsed sportsbooks: DraftKings, Action 24/7, BetMGM, FanDuel, Caesars Sportsbook, Bartsoool Sportsbook, WynnBet, and TwinSpires.

Until now, $2.34 billion in sports bets have been set in Tennessee, with $205.5 million in sportsbook income produced and $35.54 million in charge dollars raised for the state.

Tennessee turned into the fifth-quickest state to come to the $2 billion milestones in sports bets placed. If you want to start a bookie business in the state, you can use a free website for bookies.