Tennessee’s sports betting industry hit a historic milestone in November, as the state reported a staggering $517 million in gross wagers, marking the first time the monthly handle surpassed the $500 million mark since the launch of sports betting in November 2020.

Tennessee’s Sports Betting Hits All-Time Peak with 16.16% Surge in November

The Tennessee Sports Wagering Advisory Council (SWAC) released the figures, revealing a 16.16% increase from the previous month’s total bets of $445.19 million in October 2023. This notable surge comes as no surprise, with the peak of the 2023 college football and NFL season contributing to the heightened betting activity.

The state also witnessed a substantial 17.68% year-over-year increase in handle, showcasing the continued growth and popularity of sports betting in Tennessee. The monthly sports betting handle for November 2023 now stands as the highest in the state’s history.

Tennessee’s sportsbooks generated $1.63 million in adjustments, reflecting an impressive 178% increase from the preceding month. Despite this robust monthly growth, the figure represents a 22.37% decrease compared to November 2022, which saw adjustments totaling $2.10 million.

The Volunteer State’s sports betting journey has seen remarkable growth, rebounding impressively from a record-low revenue of $10.1 million in August 2021. The recent surge in sports betting activities aligns with the entry of prominent platforms such as Fanatics Sportsbook, ESPN Bet, and Hard Rock into the Tennessee market in the last two years. Major players like FanDuel, DraftKings, and BetMGM also went live in 2020 when sports betting was legalized.

Tennessee’s Bold Tax Strategy Nets $9.51 Million

In a unique approach to taxation, Tennessee has been the sole state taxing sportsbook operators based on their total betting handle since July 2023. The state imposes a 1.85% tax on the entire amount wagered. This shift aims to eliminate financial risks, ensuring Tennessee consistently receives privileged tax revenue from all sportsbook operators.

As a result of November’s unprecedented betting activity, Tennessee collected over $9.51 million in privilege fees, marking a 16.16% increase from October this year and a 5.36% rise from November the previous year.

At the beginning of June, Tennessee Governor Bill Lee signed Senate Bill 475 into law, making the state the first in the US to tax sports betting operators based on their betting handle rather than revenue. The legislation, effective from July, replaced the current 20% tax on gross gaming revenue with a 1.85% tax on the monthly betting handle, eliminating the requirement for operators to hold 10% of their handle. The renewal license fees also shifted to a multi-tier system based on operators’ betting handle, aiming to boost tax revenue for various state programs.

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The Miami Dolphins are 9-3 in the 2023 season, meaning that they have a very good chance to win the No. 1 seed in the American Football Conference (AFC) at the end of the regular season.

The bad news is that they’ve got a couple of tough matches to play in the remainder of the season. The good news is that the Week 14 MNF game against the Tennessee Titans isn’t one of them.

The Titans are 4-8 overall in 2023, with no chance of winning the division and a tiny chance of getting a wild card entry to the postseason. For that to happen, they’d need to win (at least) three of their remaining five games.

Tennessee Titans vs. Miami Dolphins Week 14 Odds

*Odds taken from FanDuel Sportsbook on Tuesday, December 5.

When, Where, and How to Watch?

• Place: Hard Rock Stadium in Miami Gardens, Florida     
• Date: Monday, December 11, 2023
• Time: 8:15 p.m. ET
• How to Watch: ESPN

Is It All Over for the Tennessee Titans?

The Titans are sitting at the bottom of the AFC South, and with a 4-8 record, their chance of making the playoffs is minimal. They’d need to win most of the games in the remainder of the 2023 season, but even that wouldn’t be enough if their rivals didn’t fail miserably.

Winning so many games doesn’t seem realistic for several reasons. First of all, they’re in horrible form with one win in their last five games. Secondly, they’ve got some serious problems with injuries.

Their punter Ryan Stonehouse is out for the rest of the season, and the same could be the case with defensive tackle Jeffery Simmons.

On top of everything, running back Derrick Henry suffered a concussion last weekend, but should be ready to play in Week 14, albeit probably not at his 100%.

Miami Dolphins to Challenge the No. 1 Seed in the AFC

The Miami Dolphins are playing great in 2023, although many NFL pundits don’t see them as Super Bowl material. The reason is that they haven’t done great against tough opponents.

Their three losses happened to teams that are in the Lombardi Trophy conversation – Kansas City Chiefs, Philadelphia Eagles, and Buffalo Bills.

However, the Dolphins have been phenomenal against teams with a negative record in 2023. In fact, we saw them obliterate a couple of underdogs this season, most notably, the Denver Broncos (who were 0-2 at the time). They destroyed them 70-20.

More recently, the Dolphins destroyed the Washington Commanders 45-15 and the New York Jets 34-13, each time on the road. In their most recent game in Miami Gardens, they beat the Las Vegas Raiders 20-13.

Tennessee Titans vs. Miami Dolphins Prediction

The Miami Dolphins covered the spread in each of their last two games. However, the last time they played at home, they didn’t do it. They beat the Raiders by seven points, but the spread was set to 14 points.

It’s similar when it comes to the Week 14 Monday Night Football game, in which the home team is seen as a -13.5 favorite. This time, however, we think they’re going to do it.

Pick: Miami Dolphins -13.5 (-110)

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