Sports book is kind of a all in one place where people can legally wager on many kinds of sports and in the US as we know there are some of the biggest markets for the sports gambling.
For the month of November apparently Tennessee is ok headlines for generating more revenue than any state for the first month in History.
Tennessee generated 131.4 million dollars !!
The previous record was just around 30 million dollars which is really low. At the same time New Jersey which is the capital when it comes to sports gambling, it took 4 months to actually reach even around 130 millions.
Now what this means :
- It generated revenue not only for the government and the companies involved but now people also have an amazing option.
Operators received a welcome boost from the recent success of the Tennessee Titans, the National Football League team who are enjoying one of their best seasons.
“Local sports matter in legal sports jurisdictions in the US, and a strong NFL team matters more than most, so the Titans success is bound to translate into bets,” said Dustin Gouker, analyst for PlayTenn.com.
“With its growing list of operators, this is just the start for the market. The next question is when and if Tennessee will challenge Colorado and Indiana in terms of overall market size. It appears sooner than anyone expected.”
SoUrCe:
https://www.gamblinginsider.com/news/10726/tennessee-sportsbooks-generate-1314m-in-first-month
If during pandemic it was able to pull this off so smoothly I do think the government will think more about expanding their business and allowing more sports books to open locally.
What do you think ?
Which other state have such high potential?