(The Center Square) – Tennessee collected $6.3 million on $344.4 million of gross sports wagers in August. That was an increase of more than $100 million in wagers from the $241.8 million wagered in August 2023 with $4.5 million in taxes collected. Tennessee levies a 1.85% tax on gross handle, which replaced a 20% tax on adjusted gross income that was in place until July 2023. Tennessee sends 80% of taxes to the Lottery for Education program ($5 million for August), 15% to the state’s general fund ($946,792 for August) and 5% to gambling disorder and addiction programs ($315,597 for August). T…