The figure is down 6.7% on the $172.4m wagered in April, making May the month with the lowest total handle in Tennessee since the market launched in November 2020, when players wagered $131.4m.
Of the total wagered in May, $145.5m was paid out in prizes, and operators were left with an adjusted gross income of $13.7m, after paying $2.7m to the state in privilege taxes.