{"id":6002,"date":"2023-01-09T18:30:09","date_gmt":"2023-01-09T18:30:09","guid":{"rendered":"https:\/\/atswins.ai\/blog\/tennessee-to-bet-nearly-3-billion-on-sports-in-2022\/"},"modified":"2023-01-09T18:30:09","modified_gmt":"2023-01-09T18:30:09","slug":"tennessee-to-bet-nearly-3-billion-on-sports-in-2022","status":"publish","type":"post","link":"https:\/\/atswins.ai\/blog\/tennessee-to-bet-nearly-3-billion-on-sports-in-2022\/","title":{"rendered":"Tennessee to bet nearly $3 billion on sports in 2022"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>Knoxville, Tennessee (WATE) \u2014 Last year marked the second year sports betting was legalized in Tennessee.  The amount wagered in-state he has increased by nearly 50% from 2021, according to a Sportsbook Review analysis. <\/p>\n<p>Tennessees have bet more than $6 billion since mobile sports betting launched in 2020, according to Sportsbook Review. <\/p>\n<p>Total stake for 2021 is $2,022.9 million, marking 1 percent <strong>increased by nearly 47%<\/strong> 2022. <\/p>\n<div class=\"nlp-ignore-block article-content rich-text\">\n<aside class=\"promo-link\">\n<p>\t\tDid you win? $150,000 worth of unclaimed Knoxville Powerball tickets<br \/>\n<\/aside>\n<\/div>\n<p>In 2018, the U.S. Supreme Court overturned a 1992 federal law that broadly prohibited most states from allowing sports betting. <\/p>\n<p>The Tennessee Legislature approved mobile-only sports betting in 2019. Knoxville representative Rick Staples then introduced a bill to legalize sports betting in his late 2018.<\/p>\n<p>The state collects 20% of the industry&#8217;s net business income in taxes, 80% of which is used to support education. Of the remaining funds, 15% will go to local governments and the remaining 5% to mental health programs. <\/p>\n<aside class=\"ad-unit ad-unit--mr1_ab\">\n<\/aside>\n<div class=\"nlp-ignore-block article-content rich-text\">\n<aside class=\"promo-link\">\n<p>\t\tBettors wager $131.4 million in first month of legal sports betting in Tennessee<br \/>\n<\/aside>\n<\/div>\n<p>A spokeswoman for Sportsbook Review said: &#8220;Since some states legalized sports betting in the past four years, sports betting has increased significantly, with stakes expected to increase by 70% from 2021 to 2022. increased,\u201d he said.  \u201cIn his first year after the Supreme Court ruling, legitimate U.S. sportsbooks have received him $9 billion, and by 2022 so far he has had over $74 billion wagered. This is his 744% increase in his four years.  <\/p>\n<div class=\"article-content-cta-group\">\n<div class=\"modal modal--suggest-a-correction article-content-cta-group__cta\" data-component=\"modal\">\n<div class=\"modal__dialog\" style=\"display: none;\">\n<div class=\"modal__dialog-content\">\n\t\t\t<button class=\"modal__close-button\" aria-label=\"Close Modal Content\"><br \/>\n\t\t\t\t<span class=\"icon\"><br \/>\n<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" tabindex=\"-1\" viewbox=\"0 0 16.85 16.875\"><title>close modal<\/title><path fill=\"#fff\" d=\"M9.65 8.454l6.88-7.063a.809.809 0 0 0 0-1.15.782.782 0 0 0-1.14 0L8.52 7.305 1.37.241a.782.782 0 0 0-1.14 0 .809.809 0 0 0 0 1.15l7.15 7.063-7.15 7.063a.809.809 0 0 0 0 1.15.824.824 0 0 0 .6.219.787.787 0 0 0 .59-.219l7.15-7.063 6.87 7.063a.824.824 0 0 0 .6.219.619.619 0 0 0 .54-.219.792.792 0 0 0 0-1.15z\"\/><\/svg><\/span><br \/>\n\t\t\t<\/button><\/p>\n<h3 class=\"modal__dialog-title\">suggest a fix<\/h3>\n<\/p><\/div>\n<\/p><\/div>\n<p>\t<button data-modal-trigger=\"\">suggest a fix<\/button>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiS2h0dHBzOi8vd3d3LndhdGUuY29tL25ld3MvdGVubmVzc2VlL25lYXJseS0zLWJpbGxpb24tYmV0LW9uLXNwb3J0cy1pbi0yMDIyL9IBT2h0dHBzOi8vd3d3LndhdGUuY29tL25ld3MvdGVubmVzc2VlL25lYXJseS0zLWJpbGxpb24tYmV0LW9uLXNwb3J0cy1pbi0yMDIyL2FtcC8?oc=5\" rel=\"nofollow noopener\" target=\"_blank\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Knoxville, Tennessee (WATE) \u2014 Last year marked the second year sports betting was legalized in Tennessee. The amount wagered in-state he has increased by<\/p>\n","protected":false},"author":1,"featured_media":6003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7],"tags":[],"class_list":["post-6002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other-sports","two-columns"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/atswins.ai\/blog\/wp-content\/uploads\/2023\/01\/mobile-sports-betting-gambling.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/posts\/6002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/comments?post=6002"}],"version-history":[{"count":0,"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/posts\/6002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/media\/6003"}],"wp:attachment":[{"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/media?parent=6002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/categories?post=6002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/tags?post=6002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}