Tennessee reports 23m in Super Bowl bets after record January

Hot on the heels of a record-breaking January, Tennessee sportsbooks accepted more than $23m in Super Bowl bets

Hot on the heels of a record-breaking January, Tennessee River sportsbooks recognised more than $23m inward Super Bowl bets.

For the world-class month of the year, the Volunteer State’s octonary dynamic sportsbooks reported to a greater extent than $385m inward wagers, upwardly 83% from Jan 2021. This surpassed Tennessee’s previous record, having reached $375m inwards October.

Gross revenue, meanwhile, amounted to $36.2m, upwards 47% year-on-year, though when method of accounting for promotions, this drops to $29.1m. From this, $5.8m was generated for body politic and local coffers.

However, these figures manage not include lastly Sunday’s Big Game betting action. On this event alone, Volunteer State sportsbooks equanimous $23.1m, upwards from last year’s $15m handle. Moreover, operators enjoyed a successful Super Bowl, winning $3.4m, an almost 15% hold.

Alec Cunningham, an psychoanalyst for PlayTenn.com, attributed January’s healthy handgrip to a in particular in use(p) NFL calendar, and expected heights betting volumes sledding forward.

“The Super Bowl is ever going to play significant action, but 5 weekends of football inwards January that included an additional calendar week of the NFL’s regular season, and an expanded playoff, was a particular boon for sportsbooks,” he said.

“With the NCAA Men’s Basketball Tournament just now ahead, sportsbooks should go along to check richly betting loudness numbers before seasonally tapering cancelled inwards the spring.”

Eric Ramsey, an psychoanalyst for the PlayUSA.com Network, commented on Tennessee’s Super Bowl betting performance, calling it “underwhelming” — though he said sportsbooks’ in high spirits give pct offset this somewhat.

“Super Bowl betting intensity was somewhat underwhelming, but sportsbooks made up for it by winning a mellow percentage of those bets,” remarked Ramsey.

“Regardless, TN sportsbooks made a important bounce forrard during the NFL season, adding and improving features ilk same-game parlays, in-game betting and prop bets. Those efforts paid dividends during the Super Bowl.”