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Tennessee Sports Betting: Top 4 Legal Betting Sites in 2024
On July 1, 2019, the Tennessee sports betting Gaming Act entered into result as Gov. Bill Lee agreed to enable the costs to end up being law without his signature. Gov. Lee emphatically opposed gambling but comprehended that legal online sports betting was in his state’s best interest.
Review this timeline of Tennessee’s sports betting gambling history for an overview of its milestones:
Dec. 12, 2024: Tennessee makes a record-breaking $591 million deal with in November, surpassing the state’s previous high by $47 million.
Nov. 14, 2024: Tennessee sports gamblers bet a record $551 million in October.
Oct. 25, 2024: Tennessee fines Bovada $50k (and counting), for accepting wagers without a license. The Sports Wagering Council (SWC) had actually formerly sent cease-and-desist letters to the online sportsbook’s Curacao address.
Oct. 18, 2024: Bally Bet formally goes reside in Tennessee, making it the 12th online operator in the state.
Sept. 19, 2024: Tennessee Titans’ Nicholas Petit-Frere signs up with a sports betting wagering business as a fantasy expert after being suspended for sports gambling formerly.
Sept. 12, 2024: Tennessee increases its sports betting deal with and revenue in August thanks to the return of football.
July 23, 2024: A Tennessee man wins $900K at Fanatic Sportsbook after properly choosing the outcome of four 2024 T-Mobile Crowning achievement Derby matches.
July 22, 2024: SuperBook sports betting pulls out of eight post-PASPA states, consisting of Tennessee.
July 12, 2024: Tennessee’s SWAC releases June sports wagering numbers. With a $344.8 million deal with, TN sportsbooks see a 49% increase in year-over-year action.
March 12, 2024: Tennessee’s sports betting handle falls listed below $400 million in February – an 18.6% month-over-month reduction.
Feb. 24, 2024: Tennessee’s sports betting handle continues to fall in January, generating $467.4 million in wagers, which is a 5.5% MoM decrease.
Jan. 25, 2024: PrizePicks adds a brand-new peer-to-peer video game in Tennessee and 3 other U.S. states – PrizePicks Arena.
Jan. 17, 2024: Tennessee’s sports betting manage drops below $500 million in December, which is a 4.2% drop from November.
Nov. 14, 2023: ESPN BET goes cope with online and wagering, introducing in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET plans to introduce on Nov. 14, 2023, with online sports wagering going reside in 17 U.S. states, consisting of Tennessee.
Aug. 11, 2023: WynnBET Tennessee announces the closure of its online sports betting operation as soon as possible.
June 28, 2023: Tennessee will soon tax sportsbooks based on their betting deal with rather of their income.
June 13, 2023: ZenSports launches in Tennessee, making it the thirteenth mobile operator in the state.
May 18, 2023: Gov. Bill Lee approves changes to Tennessee’s sports betting tax rule.
May 1, 2023: Fanatics Sportsbook launches its mobile app in Tennessee and Ohio.
April 27, 2023: Fanatics prepares to introduce its sports betting app in Tennessee on Monday, May 1. Current Fanatics clients will receive an unique code to access the app.
April 25, 2023: Yahoo acquires Wagr, a social peer-to-peer sportsbook app established in Nashville, TN.
April 21, 2023: The House approves HB 1362, a modified variation of the Senate’s SB 0475. If signed by Gov. Bill Lee, Tennessee will become the very first state to tax sports betting operators on their total deal with. A 1.85% tax on sports betting handle would change the existing 20% tax on gross earnings.
April 19, 2023: Tennessee sportsbooks take in $392.6 million in sports bets in March – a 20% bump from the state’s February deal with.
March 1, 2023: Fanatics receives its mobile sports betting license in Tennessee. However, it has no specific launch date planned.
Feb. 24, 2023: Following a strong proving in December, Tennessee’s sports betting handle fell in January by almost 7%.
Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) approximates that Tennessee lost out on about $11 million in tax income in 2022 because several operators – consisting of Caesars, DraftKings, and BetMGM – failed to strike the state’s 10% hold rule.
Feb. 13, 2023: ZenSports, recently obtained by KeyStar Corp, might end up being Tennessee’s 14th legal wagering site if its application is authorized.
Dec. 19, 2022: BetMGM is called an official sports wagering partner of the Nashville Predators. The multi-year partnership includes a BetMGM-branded restaurant and signage at Bridgestone Arena.
Dec. 15, 2022: November wagering translates to a new Tennessee sportsbook wagering record, as betting websites dealt with $439.5 million in wagers.
Nov. 11, 2022: Tennessee sports betting hits a record high in October, as the state records an all-time handle of $405.3 million.
Oct. 24, 2022: Tennessee’s sports wagering regulator authorizes license renewals for BetMGM, DraftKings, FanDuel, and Action 24/7.
Oct. 18, 2022: Tennessee sports betting wagering in September saw a huge increase compared to August, as online sportsbooks generated more than $336.9 million in bets.
Sept. 6, 2022: Acid rock Sportsbook introduces in the state, becoming TN’s 11th active sportsbook.
Aug. 16, 2022: Tennessee becomes the 3rd state to launch a Betly online sportsbook.
Aug. 3, 2022: Caesars Sportsbook becomes a main sports betting partner of the Memphis Grizzlies.
April 27, 2022: SuperBook releases sportsbook operations in Tennessee.
April 14, 2022: Wagr, a Tennessee-based sportsbook, becomes the official sports wagering partner of the MLS’ Nashville FC.
March 10, 2022: The Tennessee Sports Wagering Advisory Council (SWAC) authorizes 3 new mobile sportsbooks. When Bally Bet, Betly, and SuperBook launch online operations, TN will be up to 13 licensed sportsbooks.
Feb. 17, 2022: Tennessee registers an all-time single-month record of $386 million in sports betting handle for January.
Feb. 10, 2022: Fubo is approved as the 10th sportsbook for online betting in Tennessee. A launch date is not announced.
Jan. 24, 2022: Wagr ended up being the very first peer-to-peer wagering platform to get a license in the U.S. and is the ninth legally licensed sportsbook operator in Tennessee.
Jan. 4, 2022: Record incomes produced by Tennessee-licensed sportsbooks continue, with near $40 million in November.
Jan. 1, 2022: SWAC takes control of the policy of sports wagering from the Tennessee Education Lottery.
Dec. 17, 2021: The Sports Wagering Advisory Council (SWAC) will assume sports betting wagering regulatory tasks in January following a handoff from TELC.
Nov. 17, 2021: Tennessee ends up being the fifth-fastest state to go beyond $2 billion in bets, signing up $2.335 billion in sports betting manage during the very first 12 months.
October 2021: The Volunteer State recorded its largest-ever monthly handle in September; Tennessee sits $40 million shy of striking the $2 billion mark for 2021.
Oct. 21, 2021: Bally becomes a sports wagering partner of the Nashville Predators.
Sept. 8, 2021: Barstool Sportsbook introduces in Tennessee.
September 2021: Barstool Sportsbook and Wagr, a social sports betting wagering app, get sports wagering operating licenses from the Tennessee Education Lottery.
August 2021: Caesars gets William Hill, and subsequently, the William Hill app is changed by the Caesars Sportsbook app in Tennessee.
April 30, 2021: WynnBET launches online operations in Tennessee following its approval from the state’s Education Lottery.
March 2021: William Hill sportsbook launches in Tennessee with its mobile app.
Nov. 1, 2020: The first online Tennessee sportsbooks go live, starting the state’s legal online sports betting industry.
September 2020: TELC authorizes its very first 3 sportsbook operators: DraftKings, FanDuel, and BetMGM.
April 2020: After months of criticisms and modifications, the Tennessee Education Lottery Corporation (TELC) approves settled regulations, including a 10% hold required for all operators. All operators are subsequently permitted to start requesting licenses.
Nov. 2019: The Sports Betting Advisory Council is put together by Tennessee lawmakers. The council starts developing the initial draft of Tennessee sports betting wagering regulations.
July 2019: The Tennessee Sports Gaming Act formally becomes sports betting law.
May 2019: Gov. Bill Lee allows the bill to become law without his signature. Despite being ethically opposed to betting in Tennessee, Lee thinks legalizing sports wagering remains in the state’s benefit.
Nov. 2018: Rep. Rick Staples presents a bipartisan costs to legislate Tennessee sports betting.
