- Tennessee is on the cusp of reaching $2 billion in handle within their first 12 months of having an operational sports betting industry.
NASHVILLE, Tenn. – Since their online sports gaming market launched in November 2020, Tennessee residents have wagered over $1.5 billion in under a year and may break the $2 billion handle threshold within the first full year of having a sports betting industry.
Tennessee’s Online Sportsbook Method
Through their first six months of operation, Tennessee’s regulated sportsbooks handled over $1 billion in wagers, and Tennessean sports bettors are showing no signs of slowing down. Many are attributing the consistency of Tennessee’s success to its cutting-edge online-sportsbook-only policy. The state has a strictly mobile sports betting business.
“If you want growth in this business, the way Tennessee is doing is the correct way. With the digital aspect, it’s easy to log on, it’s easy to make a bet and it’s easy to find and withdraw money, so yeah I think Tennessee is doing it correctly and, we’ll continue to see that grow through the state,” said Johnny Avello, Director of Operations for DraftKings Sportsbook.
Due to the ease of access to Tennessee’s online sportsbooks, and their state-wide availability, more residents than ever are signing up and wagering on sporting events.
TN And The Nation’s Sports Betting Popularity Will Continue To Grow
Avello is confident that the regulated sports wagering industry will keep growing nationwide until it’s active in nearly every state in the country.
“We’re going to continue to grow, I think you’re going to see it in almost every state, if not every state. There’s a couple that may elect not to do it, but I believe you’ll see sports wagering in 90 percent of the U.S,” said Avello.
With two months to go in Tennessee’s first full year of having an active sports betting market and those two months being in the midst of the NFL season, Tennessee’s thriving online gambling scene may see a $2 billion handle in its first year of operation with all of the NFL betting action projected to be seen.
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