Tennessee Sports Betting: Top 4 Legal Betting Sites In 2024
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On July 1, 2019, the Tennessee Sports Gaming Act entered into effect as Gov. Bill Lee consented to enable the costs to end up being law without his signature. Gov. Lee vehemently opposed gaming however comprehended that legal online sports wagering was in his state's best interest.
Review this timeline of Tennessee's sports betting gambling history for an introduction of its turning points:
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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 betting 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 betting Wagering Council (SWC) had previously sent cease-and-desist letters to the online sportsbook's Curacao address.
Oct. 18, 2024: Bally Bet officially goes live in Tennessee, making it the 12th online operator in the state.
Sept. 19, 2024: Tennessee Titans' Nicholas Petit-Frere joins a sports betting wagering business as a dream specialist after being suspended for sports gambling previously.
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 male wins $900K at Fanatic Sportsbook after properly selecting the result of 4 2024 T-Mobile Crowning achievement Derby matches.
July 22, 2024: SuperBook sports betting takes out of eight 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 handle falls listed below $400 million in February - an 18.6% month-over-month reduction.
Feb. 24, 2024: Tennessee's sports betting manage continues to fall in January, bringing in $467.4 million in wagers, which is a 5.5% MoM reduction.
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 wagering manage drops listed below $500 million in December, which is a 4.2% drop from November.
Nov. 14, 2023: ESPN BET goes cope with online and mobile sports betting, releasing in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET plans to introduce on Nov. 14, 2023, with online sports betting going live in 17 U.S. states, including Tennessee.
Aug. 11, 2023: WynnBET Tennessee announces the closure of its online sports betting operation as quickly as possible.
June 28, 2023: Tennessee will quickly tax sportsbooks based on their betting manage instead 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 modifications to Tennessee's sports betting tax guideline.
May 1, 2023: Fanatics Sportsbook introduces its mobile app in Tennessee and Ohio.
April 27, 2023: Fanatics plans to release its sports betting app in Tennessee on Monday, May 1. Current Fanatics customers will get 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: Your house authorizes HB 1362, a modified version of the Senate's SB 0475. If signed by Gov. Bill Lee, Tennessee will end up being the very first state to tax sports wagering operators on their overall handle. A 1.85% tax on sports wagering deal with would replace the present 20% tax on gross earnings.
April 19, 2023: Tennessee sportsbooks take in $392.6 million in sports betting bets in March - a 20% bump from the state's February handle.
March 1, 2023: Fanatics receives its mobile sports betting license in Tennessee. However, it has no particular launch date planned.
Feb. 24, 2023: Following a strong showing in December, Tennessee's sports betting wagering manage fell in January by nearly 7%.
Feb. 15, 2023: The sports betting Wagering Advisory Council (SWAC) approximates that Tennessee lost out on about $11 million in tax profits in 2022 since multiple operators - including Caesars, DraftKings, and BetMGM - stopped working to hit the state's 10% hold rule.
Feb. 13, 2023: ZenSports, recently obtained by KeyStar Corp, might become Tennessee's 14th legal betting site if its application is authorized.
Dec. 19, 2022: BetMGM is called an official sports betting partner of the Nashville Predators. The multi-year collaboration consists of a BetMGM-branded dining establishment and signage at Bridgestone Arena.
Dec. 15, 2022: November wagering translates to a brand-new Tennessee sportsbook wagering record, as betting websites managed $439.5 million in wagers.
Nov. 11, 2022: Tennessee sports betting strikes a record high in October, as the state records an all-time manage of $405.3 million.
Oct. 24, 2022: Tennessee's sports betting regulator authorizes 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: Acid rock Sportsbook introduces in the state, ending up being TN's 11th active sportsbook.
Aug. 16, 2022: Tennessee ends up being the third state to introduce a Betly online sportsbook.
Aug. 3, 2022: Caesars Sportsbook ends up being an official sports betting partner of the Memphis Grizzlies.
April 27, 2022: SuperBook launches 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) authorizes 3 new mobile sportsbooks. When Bally Bet, Betly, and SuperBook launch online operations, TN will depend on 13 licensed sportsbooks.
Feb. 17, 2022: Tennessee registers an all-time single-month record of $386 million in sports wagering manage for January.
Feb. 10, 2022: Fubo is approved as the 10th sportsbook for online betting in Tennessee. A launch date is not revealed.
Jan. 24, 2022: Wagr ended up being the first peer-to-peer wagering platform to receive a license in the U.S. and is the ninth lawfully certified sportsbook operator in Tennessee.
Jan. 4, 2022: Record earnings produced by Tennessee-licensed sportsbooks continue, with close to $40 million in November.
Jan. 1, 2022: SWAC takes over the policy of sports betting from the Tennessee Education Lottery.
Dec. 17, 2021: The Sports Wagering Advisory Council (SWAC) will assume sports wagering regulative tasks in January following a handoff from TELC.
Nov. 17, 2021: Tennessee becomes the fifth-fastest state to go beyond $2 billion in bets, signing up $2.335 billion in sports wagering manage throughout the first 12 months.
October 2021: The Volunteer State recorded its largest-ever monthly manage in September; Tennessee sits $40 million shy of the $2 billion mark for 2021.
Oct. 21, 2021: Bally becomes a sports 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 wagering operating licenses from the Tennessee Education Lottery.
August 2021: Caesars acquires 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, starting the state's legal online sports betting industry.
September 2020: TELC authorizes its very first three sportsbook operators: DraftKings, FanDuel, and BetMGM.
April 2020: After months of criticisms and modifications, the Tennessee Education Lottery Corporation (TELC) authorizes completed guidelines, consisting of a 10% hold required for all operators. All operators are consequently allowed to begin obtaining licenses.
Nov. 2019: The Sports Betting Advisory Council is assembled by Tennessee lawmakers. The council begins creating the very first draft of Tennessee sports betting guidelines.
July 2019: The Tennessee Sports Gaming Act officially becomes sports betting law.
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May 2019: Gov. Bill Lee enables the costs to become law without his signature. Despite being morally opposed to gambling in Tennessee, Lee believes legalizing sports wagering is in the state's best interest.
Nov. 2018: Rep. Rick Staples presents a bipartisan bill to legislate Tennessee sports betting.
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