The Volunteer State accepted $473.5 million in bets last month, a 24.5% monthly increase from February’s $380.3 million in tickets.
With the NFL season over, March Madness is the final event that brings in tons of wagers. The rebound came to Tennessee who reported numbers similar to January, a huge betting month across the U.S. that the Volunteer State accepted $473.5 million in bets last month, a 24.5% monthly increase from February’s $380.3 million in tickets.
Compared to this time last year, March 2024 saw $80 million more in wagers, but the tax bill was unchanged, meaning that the state legislature’s decision to tax operators on handle most likely hurt their haul last month. While we wait for Kentucky’s numbers, neighboring Virginia shows that action has fallen in the Volunteer State but state coffers are less affected. handle fell 18.6% while Virginia was just 16.5%.
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