Tennessee sports betting tax receipts fall despite higher wagering in August and September
Tennessee collected less tax from mobile sports betting in August and September 2023 than in the corresponding months a year earlier, despite higher wagering, according to the report. The state changed its tax from 20% of adjusted gross income to 1.85% of handle on 1 July; Sports Wagering Council executive director Mary Beth Thomas said early data make forecasting difficult.
Operators and the state face uncertainty over how the new handle tax affects tax receipts and revenue forecasts.