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In April, bookmakers in Tennessee fell below $ 300 million for the first time since August 2021, from the expected slow period for bets in the state to the start of football seasons.

Data from Tennis Sports Betting Advisory Board showed that April was $ 292.8 million, compared to March’s $ 370.2 million, but increased significantly from $ 172.4 million in April 2021.

During the NBA Playoffs and the NCAA March Madness Games, bookmakers’ gross income earned $ 27.1 million, a slight increase over the previous month (March 2022: $ 26.5 million), but a significant improvement over the previous year (April 2021: $ 15.5 million).

However, as in many other U.S. states at this time of year, processing and revenue are likely to decline over the next few months compared to previous months of this year with fewer major sporting events.

It is expected that in August and September, betting activity will begin again when the football seasons in colleges and the NFL are preparing for the start.

The volunteer’s adjusted gross income in April was $ 23.2 million. At a 20% income tax rate on sports betting, state-owned bookmakers received $ 4.6 million in tax revenue.

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