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Tennessee Sports Betting: Top 4 Legal Betting Sites in 2024

On July 1, 2019, the Tennessee Sports Gaming Act entered into impact as Gov. Bill Lee concurred to allow the expense to end up being law without his signature. Gov. Lee emphatically opposed gambling however understood that legal online sports wagering remained in his state’s benefit.

Review this timeline of Tennessee’s sports gambling history for a summary of its milestones:

Dec. 12, 2024: Tennessee earns a record-breaking $591 million handle in November, exceeding the state’s previous high by $47 million.

Nov. 14, 2024: Tennessee sports gamblers wager 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 formerly sent out cease-and-desist letters to the online sportsbook’s Curacao address.

Oct. 18, 2024: Bally Bet officially goes reside in Tennessee, making it the 12th online operator in the state.

Sept. 19, 2024: Tennessee Titans’ Nicholas Petit-Frere joins a sports betting wagering company as a dream expert after being suspended for sports betting previously.

Sept. 12, 2024: Tennessee increases its sports betting handle and earnings in August thanks to the return of football.

July 23, 2024: A Tennessee guy wins $900K at Fanatic Sportsbook after correctly picking the result of four 2024 T-Mobile Crowning achievement Derby matches.

July 22, 2024: SuperBook Sports takes out of 8 post-PASPA states, including Tennessee.

July 12, 2024: Tennessee’s SWAC releases June sports betting 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 wagering manage falls listed below $400 million in February – an 18.6% month-over-month decrease.

Feb. 24, 2024: Tennessee’s sports betting wagering manage continues to fall in January, generating $467.4 million in wagers, which is a 5.5% MoM reduction.

Jan. 25, 2024: PrizePicks adds a new peer-to-peer video game in Tennessee and 3 other U.S. states – PrizePicks Arena.

Jan. 17, 2024: Tennessee’s sports betting wagering handle drops below $500 million in December, which is a 4.2% drop from November.

Nov. 14, 2023: ESPN BET goes live with online and mobile sports wagering, launching in Tennessee and 16 other states.

Nov. 2, 2023: ESPN BET prepares to release on Nov. 14, 2023, with online sports wagering going live 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 upon their wagering handle rather of their revenue.

June 13, 2023: ZenSports launches in Tennessee, making it the thirteenth mobile operator in the state.

May 18, 2023: Gov. Bill Lee authorizes 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 launch its sports wagering app in Tennessee on Monday, May 1. Current Fanatics customers will get a special code to access the app.

April 25, 2023: Yahoo obtains Wagr, a social peer-to-peer sportsbook app founded in Nashville, TN.

April 21, 2023: Your house approves HB 1362, an amended version of the Senate’s SB 0475. If signed by Gov. Bill Lee, Tennessee will become the first state to tax sports betting operators on their total deal with. A 1.85% tax on sports wagering manage would replace the present 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 gets its mobile sports wagering license in Tennessee. However, it has no specific launch date prepared.

Feb. 24, 2023: Following a strong showing in December, Tennessee’s sports betting handle fell in January by almost 7%.

Feb. 15, 2023: The sports betting Wagering Advisory Council (SWAC) approximates that Tennessee lost out on about $11 million in tax revenue in 2022 due to the fact that numerous operators – including Caesars, DraftKings, and BetMGM – stopped working to strike the state’s 10% hold guideline.

Feb. 13, 2023: ZenSports, just recently obtained by KeyStar Corp, could become Tennessee’s 14th legal betting website if its application is authorized.

Dec. 19, 2022: BetMGM is called a main sports betting partner of the Nashville Predators. The multi-year partnership consists of a BetMGM-branded restaurant and signs at Bridgestone Arena.

Dec. 15, 2022: November betting translates to a brand-new Tennessee sportsbook betting record, as dealt with $439.5 million in wagers.

Nov. 11, 2022: Tennessee sports betting strikes a record high in October, as the state records an all-time deal with of $405.3 million.

Oct. 24, 2022: Tennessee’s sports betting regulator approves license renewals for BetMGM, DraftKings, FanDuel, and Action 24/7.

Oct. 18, 2022: Tennessee sports wagering in September saw a huge boost compared to August, as online sportsbooks generated more than $336.9 million in bets.

Sept. 6, 2022: Hard Rock Sportsbook launches in the state, becoming TN’s 11th active sportsbook.

Aug. 16, 2022: Tennessee ends up being the 3rd state to launch a Betly online sportsbook.

Aug. 3, 2022: Caesars Sportsbook ends up being a main sports betting partner of the Memphis Grizzlies.

April 27, 2022: SuperBook introduces sportsbook operations in Tennessee.

April 14, 2022: Wagr, a Tennessee-based sportsbook, becomes the official sports betting partner of the MLS’ Nashville FC.

March 10, 2022: The Tennessee Sports Wagering Advisory Council (SWAC) approves three new mobile sportsbooks. When Bally Bet, Betly, and SuperBook launch online operations, TN will be up to 13 certified sportsbooks.

Feb. 17, 2022: Tennessee signs up 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 wagering in Tennessee. A launch date is not revealed.

Jan. 24, 2022: Wagr became the very first peer-to-peer betting platform to receive a license in the U.S. and is the ninth legally certified sportsbook operator in Tennessee.

Jan. 4, 2022: Record revenues generated by Tennessee-licensed sportsbooks continue, with close to $40 million in November.

Jan. 1, 2022: SWAC takes control of the guideline of sports betting from the Tennessee Education Lottery.

Dec. 17, 2021: The sports betting Wagering Advisory Council (SWAC) will assume sports betting regulatory responsibilities in January following a handoff from TELC.

Nov. 17, 2021: Tennessee becomes the fifth-fastest state to exceed $2 billion in bets, registering $2.335 billion in sports betting wagering manage during the first 12 months.

October 2021: The Volunteer State taped its largest-ever regular monthly deal with in September; Tennessee sits $40 million shy of striking the $2 billion mark for 2021.

Oct. 21, 2021: Bally becomes a sports betting wagering partner of the Nashville Predators.

Sept. 8, 2021: Barstool Sportsbook releases in Tennessee.

September 2021: Barstool Sportsbook and Wagr, a social sports wagering app, receive sports betting running licenses from the Tennessee Education Lottery.

August 2021: Caesars obtains William Hill, and consequently, 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 very first online Tennessee sportsbooks go live, beginning the state’s legal online sports wagering market.

September 2020: TELC approves its very first 3 sportsbook operators: DraftKings, FanDuel, and BetMGM.

April 2020: After months of criticisms and revisions, the Tennessee Education Lottery Corporation (TELC) approves finalized regulations, including a 10% hold required for all operators. All operators are subsequently allowed to begin making an application for licenses.

Nov. 2019: The Sports Betting Advisory Council is put together by Tennessee lawmakers. The council begins designing the first draft of Tennessee sports wagering policies.

July 2019: The Tennessee Sports Gaming Act officially becomes sports wagering law.

May 2019: Gov. Bill Lee enables the costs to become law without his signature. Despite being morally opposed to betting in Tennessee, Lee believes legalizing sports betting is in the state’s finest interest.

Nov. 2018: Rep. Rick Staples introduces a bipartisan expense to legislate Tennessee sports wagering.