Tennessee Reports 1.4M In First Month Of Operation
Tennessee reports $ 131.4M in first month of operation.Tennessee sports betting enjoyed a good success in its first month of operation. On Wednesday, the Tennessee Education Lottery reported that over $ 131.4 million had been wagered in November.
That number is considered to be the biggest first-month problem for any state since the U.S. Supreme Court overturned PASPA, although there are some important caveats to that.
As Rebecca Paul Hargrove noted in a statement, the Volunteer State’s first month came at a “unique time” for sports and the world as well “November’s figures include adjustments and indicate potential. It is only one month in an unpredictable and extraordinary year, making it difficult to begin extrapolating out from this single month,” she said. “As this new industry in Tennessee evolves, we will continue to work with licensees and registrants in support of a responsible and competitive sports wagering program.”
While most states first opened brick-and-mortar sportsbooks and then moved into online, Tennessee is strictly online only. Other states with multiple license holders – like Pennsylvania, Indiana, and Iowa – staggered the openings of both retail and online operators. In Tennessee, it allowed its first four approved vendors to launch simultaneously on Nov. 1.
[image: Riley McCullough]
The post Tennessee Reports $ 131.4M In First Month Of Operation appeared first on FortuneZ.