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Tennessee’s Betting Boom Driven by World Cup | Bristol Virginia News
Tennessee’s sports betting revenue soared in June, hitting over $460 million — a $100 million jump from last year — fueled by the global frenzy of the World Cup, despite the state not hosting any matches. The surge defied seasonal dips, with the state collecting more than $8.4 million in privilege tax revenue, thanks to its unique wagering-tax model. Eighty percent of those funds are pouring into K-12 school buildings, 15% into local infrastructure, and 5% into gambling addiction programs — turning global soccer excitement into tangible community benefits. With the World Cup still in full…
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