Volunteer State sports bettors still can’t decide on their favorite sportsbook.
In July, FanDuel was the dominant choice in Tennessee. But in August, bettors put more money on the line with BetMGM than with any other Tennessee sportsbook.
BetMGM in Tennessee reclaims crown from FanDuel
When it came to the total wagers, August’s betting was slow, much like July’s.
Both months had $144.5 million in total bets at Tennessee’s seven sportsbooks. However, one primary distinction stood clear: FanDuel was the fan-favorite in July, BetMGM took the title for August.
Tennessee bettors have bounced between two sportsbooks of choice since last November. FanDuel led in the first month of sports betting in Tennessee, then BetMGM rang in the New Year through February.
After a handful of additional back-and-forth months, FanDuel took the lead in July by a margin of over $17 million.
Tennessee’s operator breakdown report revealed that BetMGM collected over $2 million more than its competitor in August, with roughly $45.3 million in gross wagers.
FanDuel, on the other hand, trailed behind with $43 million in handle.
As has been the case most months, DraftKings in Tennessee rounded out the top trio of sportsbooks with approximately $37.6 million in bets.
While Tennessee’s remaining four sportsbooks didn’t come anywhere close to welcoming that much wagering activity, one operator did observe a sizeable increase.
August marked the first month of action Caesars Sportsbook has seen since transitioning away from the William Hill name. New bettors flocked to the sportsbook, wagering over $11.5 million in August compared to July’s $3.4 million.
TwinSpires saw $3.8 million, while Action 24/7 had $2.2 million in handle. WynnBet rounded off the lineup with $1.1 million in total wagers.
Tennessee nears $2 billion in wagers by first anniversary
Tennessee is the quickest state to reach $1 billion in wagers back in early May, and bettors have wagered over $1.7 billion to date.
Two more consistent months of wagering could push Tennessee over the $2 billion mark when Tennessee sports betting celebrates its first anniversary on Nov. 1.
With NFL betting in full swing and MLB season reaching a climactic end, bettors have had plenty of opportunities throughout September and October.
The Tennessee Education Lottery (TEL) will likely release September’s sports wagering report in the coming weeks.