Tennessee

The market

Tennessee is online only, with no retail sportsbooks at all, and it is unusual in taxing handle rather than revenue. The handle tax pushes operators to manage promotions carefully. It remains a competitive market despite the quirk.

What this means for matched betting

Tennessee taxes turnover rather than profit, which changes how operators behave: every wager costs the book something whether it wins or loses. That pushes them to watch promotional volume closely, so expect offers with tighter qualifying terms than the tax rate alone would suggest. The field is competitive enough to hedge across.

Figures are indicative and can change as markets evolve. Always confirm current rules, tax and the legal age with the SWC before you bet.