Revenue for the month amounted to $13.4m (£9.8m/€11.4m), down 16.8% from $16.1m in June and the lowest monthly amount since $13.0m in February this year.
Player wagered a total of $144.5m during the month, a drop of 17.2% from $174.5m in July and the least amount spent by players in a single month since Tennessee’s market launched in November 2020.
Consumers won $129.4m from sports betting in July, while the state was able to generate $2.6m in tax from sports wagering activities during the month.
Online and mobile wagering was first legalized in Tennessee in July 2019 after Governor Bill Lee allowed a bill permitting it, SB0016, to pass without his signature.