Alec Cunningham, PlayTenn Analyst, commented: “With five full weekends of the NFL and college football, baseball’s postseason, and the start of the NBA season, betting inventory was off the charts. The calendar won’t always be so cooperative, but a maturing market will continue to push Tennessee’s industry.
“Tennessee is one of the few states with at least one NFL, NBA, and NHL team and multiple Division in football and basketball programs, all of which will be playing full schedules in November. More records will almost certainly fall before the end of the year.”
October led to a record $17.2m in taxable revenue, which yielded $3.4m in tax revenue. The month’s results pushed the state’s lifetime handle to $2.3bn since the sportsbooks launched in November 2020.
According to Eric Ramsey, PlayUSA Analyst, sportsbooks should expect plenty of action over the following two months, even without the five weekends of football offered in October.
Ramsey added: “The enthusiasm for football in Tennessee has been a sort of rocket fuel for the state’s industry. Tennessee is proof that if demand is high and sportsbooks put out a good product, the market will succeed regardless of sometimes clumsy regulation.”
