In the latest bookie news, our eyes are on Tennessee as the Tennessee sports betting market sets a new record for the highest monthly handle. The total sports betting handle the state has for November is at $439.5 million. This new record tops the previous $405.3 million record set only just this October. And when you use a sportsbook pay per head service to manage your bookie business, you will likely be looking at the numbers. For Tennessee, sportsbooks there are seeing a large jump in betting. November 2021’s monthly handle was at $365.7 million.
Most gambling software providers offer a wide range of products that people can bet on. Each market will have different popular sports preferences. And knowing this is very important when managing your own sportsbook. For Tennessee, the major sports are football, basketball, and baseball. Betting on college sports, for both basketball and football, is also very popular in Tennessee.
Tennessee Sports Betting Market Report
Their popularity is such that a percentage of credit on the increase of handle can be traced to a college game earlier in the month. Last November 5, the Tennessee Volunteers played against the Georgia Bulldogs. The Volunteers lost, but it looked like a good payday for sportsbooks.
In November the hold was about 10.8%, with gross revenue at 447.2 million. There is also a jump in revenue from the previous month. October’s gross revenue is at $37.3 million with a 9.2% win rate. After adjustments, the adjusted gross revenue of operators is at $45.2 million, which gives a $9 million tax collection for the state for November alone.
If you want to see really good numbers in your very own sports betting operation, you should use the best tools in the industry. These bookie pay per head reviews will help you find the best provider that fits your needs and your budget as well.