Volunteer State sees $420 million in bets in September, a 72.5% jump compared to August’s $243.4 million.
that the state accepted $420 million in bets last month, a 72.5% jump compared to August’s $243.4 million. Sportsbooks claimed nearly $2 million in adjustments, which was slightly more than August’s $1.6 million.
Not only that but the Volunteer State saw nearly 25% more in handle compared to this point last year. September is another month where the state’s tax bill failed to beat last year’s haul, despite a boost in wagers. Tennessee now billsbased on their gross wagers as opposed to taking a higher percentage from their net revenue , but legislators may be regretting the change.
Last year operators reported a hold of over 13% and turned the $337 million handle into $46.3 million in revenue. That gave Tennessee $8.7 million in taxes. took in $80 million more in bets. With their current tax rate of 1.85% of gross revenue, they would have needed $475 million in wagers to get the same amount in taxes as September 2022 .
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Connecticut’s Online Handle Jumps to $170M in SeptemberThe Connecticut Department of Consumer Protection announced $170.1 million in online wagers in September, more than double the $84.8 million the online operators reported in August.
Read more »
Watch: Teddy bear explodes in Southern California parking lotVideo showed the moment a teddy bear exploded in a parking lot in San Bernardino.
Read more »
Norma explodes into Category 4 hurricane as it inches toward MexicoHurricane Norma rapidly intensified into a major hurricane over the East Pacific Wednesday into Thursday morning, as accurately predicted by AccuWeather meteorologists. Some additional strengthening is possible before it begins to lose some wind intensity.
Read more »
Norma explodes into major hurricane as it inches toward MexicoHurricane Norma rapidly intensified into a major hurricane over the East Pacific Wednesday into Thursday morning, as accurately predicted by AccuWeather meteorologists.
Read more »
XRP Explodes to 2-Week High Amid Another Victory on the SEC-Ripple FrontCrypto Blog
Read more »
Natural Gas could extend correction down to $3 as European reserves temporarily handle Middle East disruptionNatural Gas prices under pressure this week, correcting from last week’s huge rally. The US Dollar trades mixed, torn between Israel-Hamas war safe-h
Read more »