Record-Setting November Sports Betting Reports For Pennsylvania And Tennessee

, , ,
Written By Giovanni Shorter | Last Updated
Sports Betting Records

November has been a record-setting sports betting month for many markets. Just recently, New Jersey reported all-time highs in sports betting handle at their local sportsbooks. It appears that other markets have also seen major success, with both Pennsylvania and Tennessee reporting record-setting monthly handles as well.

Tennessee Sportsbook Report Breakdown

Starting in the Volunteer State, Tennessee online sportsbooks have reported $515,512,604 in gross handle for November. Total gross wagers were $517,141,377, but Tennessee had $1,628,773 in adjustments. This is the first ever monthly betting handle in Tennessee to surpass $500 million.

This also represents a 17.68% increase year over year in wagering handle compared to November 2022. Tennessee has seen a major boom in activity in 2023. Sportsbook handle has reached $3,800,602,160 year to date. November continues a four-month stretch of increased wagering in Tennessee.

Tennessee Gross Wagers 2023 Jan.-Nov.

MonthGross Wagers
January:$410,773,606
February:$327,326,201
March:$392,667,304
April:$318,416,216
May: $279,794,996
June: $230,337,515
July: $215,489,157
August: $243,456,822
September: $420,006,053
October: $445,192,913
November: $517,141,377
Total:$3,800,602,160

After adjustments, the market took in $9,513,707 in privilege tax assessed. Tennessee’s betting market has thrived in 2023. Tennessee isn’t the only market to see a lot of success this year.

Pennsylvania Sports Betting Breakdown

According to the November report released by the Pennsylvania Gaming Control Board, PA sportsbooks have seen $934,130,151.55 in wagers, another sports betting record. This comes just one month after PA set the handle record with $829,002,595.44 in October. Two consecutive record-breaking months show how prosperous the Pennsylvania betting market is.

Online betting was the dominant force in PA for November. $876,754,839.13 of the total handle came from the best sports betting sites. This represents 93.8% of the total market. The remaining $57,375,312.42 came from retail locales.

Operators took in $12,884,034.37 in gross revenue, and the state saw $4,380,571.71 in taxes. For FY 2023/2024, beginning in July 2023, Pennsylvania sportsbooks have seen $3,220,850,020 in wagers through November. $151,783,266 in gross revenue and $51,606,310 in taxes has been collected as well.

Pennsylvania has had its strongest spots betting fiscal year yet, with two record-setting wagering months to show for it. Like Tennessee, PA is showing no signs of slowing down with its betting market.

RELATED ARTICLES