NASHVILLE, Tennessee (AP) – Officials from Tennessee say the state’s online sports betting program grossed $ 312.3 million in gross stakes in the first two months, equivalent to $ 5.4 million in privilege taxes.
The Tennessee Lottery announced figures Tuesday showing gross wagers of $ 180.9 million, gross payouts of $ 167 million and sports betting privilege tax income of nearly $ 3.1 million in December.
All three were at the top from November.
Eighty percent of the tax revenue goes to an education account, which mainly funds post-secondary scholarships. 15% goes to local government needs and 5% funds programs to address gambling problems.
Four sports bets are in operation. Three more could be at the Super Bowl.