Tennessee Sports book amazing first month revenue.

[fiulpro]

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?

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[avikz]

Lol! It seems the stimulus money Trump administration gave to their citizens, ended up either in bitcoin or in gambling! 130 million is a huge amount and it has certainly boosted by the success of Tennessee Titans but also boosted by the increased money flow among the citizens! But I don't think this will be ongoing for longer!

People are working from home and saving a huge amount of money from travelling and other expenses which may have ended up to such markets by some bored Americans wiling to risk some free money for extra gains! Otherwise, I don't see any other apparent reasons for such a huge revenue! Government may provide more support to this industry if there is a sustainable revenue comes to them through taxes. But let's wait and see for next few months!

[bonjouros]

Wow they were able to generate that amount of revenue in their first month only while other are taking 4 months to reach it. They are indeed created history here, I wonder if Tennessee has done a unique strategy here in order to pull that kind of result like they widen their marketing strategy in order to increase their number of players or number of big bettors.

If the government will see a better advantage if they allow more sports book to open locally then I am sure that they will not hesitate to do it as it is a good source of revenue for sure.

[sunsilk]

No idea which state could come close to that record and has the potential. What if the money injection has contributed to this? we'll know in the future if the pandemic has been gone or lowered which will make the lives go back to normal.

If the record is still the same and they're generating the same or close to this record, then it means that they're becoming a sports betting hotspot. But if the records become low then the helicopter money and the pandemic has something to do with it.

[Wenbing]

This thread is very interesting, as it discusss how Tennesse was able to make such revenue durng the pandemic. That translates to mean that if they could make such revenue during lock down and social distancing, they would make more post lock down. What  want to know is this ; what did they do differently from other states that make their revenue to be incomparable?

[Saint-loup]

“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

What does it mean?
It means Nevada, the state of Las Vegas is behind Colorado and Indiana in terms of overall market size? How is it possible?