Tennessee Sports Betting
Mobile/Online
State Market Snapshot
Authorized Operators
DraftKings FanDuel BetMGM bet365 Caesars Fanatics Hard Rock Bet Bally Bet Action 24/7 BetRivers VIP Play theScore Bet
Market Notes
- Handle and growth: $551 million wagered in October 2025, a record monthly high (up ~20% YoY); FY 2025 handle through October totals ~$4.8 billion, on pace for $6–$6.5 billion full-year (up 14–20% from FY 2024’s $5.27 billion), driven by NFL and college football.
- Market split: 100% mobile across 11–12 online skins (DraftKings, FanDuel, BetMGM, bet365, Caesars, Fanatics, Hard Rock Bet, Bally Bet, Action 24/7, BetRivers, VIP Play; ESPN BET rebranded to theScore Bet December 1, Betly exiting end-2025); no retail options.
- Hold and tax: Statewide hold averaged ~9.2% in Q3 2025 (stable across operators); unique 1.85% tax on handle (no GGR basis) yielded ~$10.2 million in October taxes and ~$89 million through ten months of FY 2025 (up ~15% YoY), allocated 80% to education (now including private school scholarships via July 2025 Education Freedom Act), 15% to local governments, 5% to problem-gambling programs.
- Regulatory note: The Tennessee Sports Wagering Council (SWC) issued cease-and-desist orders to three more offshore sites (ReBet, Kickr, BetWhale) in October 2025 and BetDSI, BetNow in December 2025; urged CFTC in April to prohibit unregulated prediction markets as they evade state consumer protections; no iGaming or retail bills advanced, with focus on enforcement against illegal operators amid $19B+ lifetime handle.