Mobile-only sports betting in Tennessee has brought in $18.5 million in privilege tax revenue over the first six months that wagers have been accepted, a regulator said last Tuesday.

Tennessee Lottery CEO Rebecca Hargrove told the state’s Sports Wagering Advisory Council that the gross handle of bets placed has topped $1 billion.

She says that includes $2.8 million in tax revenue in April from a $172-million gross handle.

Seven sportsbooks are currently live and offering bets in Tennessee. Sportsbooks began taking bets in Tennessee on Nov. 1.

Eighty% of the revenue goes into an education account that mostly funds postsecondary scholarships. Fifteen% goes toward local government needs, and 5% funds gambling problem treatment programs.

The advisory council also began discussions of how to take the reins of regulating sports betting from the lottery. A state bill awaiting Gov. Bill Lee’s signature would make the oversight switch.

— Associated Press

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