Tennessee has two funding sources for education, one of which is growing while the other is seeing a drop in revenues.
The growth of sports betting and the decline in Tennessee Lottery revenues became a hot topic of discussion for lawmakers during a special session of the General Assembly in January.
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Tennessee collected nearly $7 million in taxes on more than $380 million worth of sports wagers placed in the state in February.
That compares to nearly $6.4 million in taxes on $327 million in wagers in February 2023, which included one less day than February 2024, and $3 million in February 2022.
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