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 impact as Gov. Bill Lee accepted enable the costs to end up being law without his signature. Gov. Lee vehemently opposed gambling however comprehended that legal online sports wagering was in his state's best interest.
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Review this timeline of Tennessee's sports betting history for an introduction of its turning points:
Dec. 12, 2024: Tennessee earns a record-breaking $591 million deal with in November, going beyond the state's previous high by $47 million.
Nov. 14, 2024: Tennessee sports wagerers 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 previously sent out 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 signs up with a sports wagering business as a dream professional after being suspended for sports betting formerly.
Sept. 12, 2024: Tennessee increases its sports wagering manage and profits in August thanks to the return of football.
July 23, 2024: A Tennessee male wins $900K at Fanatic Sportsbook after properly picking the outcome of 4 2024 T-Mobile Crowning achievement Derby matchups.
July 22, 2024: SuperBook Sports pulls out of 8 post-PASPA states, consisting of 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 betting deal with falls listed below $400 million in February - an 18.6% month-over-month decrease.
Feb. 24, 2024: Tennessee's sports wagering handle 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 three other U.S. states - PrizePicks Arena.
Jan. 17, 2024: Tennessee's sports wagering deal with 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 betting, launching in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET prepares to release on Nov. 14, 2023, with online sports betting going live in 17 U.S. states, consisting of Tennessee.
Aug. 11, 2023: WynnBET Tennessee reveals the closure of its online sports wagering operation as soon as possible.
June 28, 2023: Tennessee will soon tax sportsbooks based upon their betting manage 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 launch its sports betting app in Tennessee on Monday, May 1. Current Fanatics consumers will receive a distinct code to access the app.
April 25, 2023: Yahoo gets Wagr, a social peer-to-peer sportsbook app established in Nashville, TN.
April 21, 2023: The House authorizes HB 1362, an amended version of the Senate's SB 0475. If signed by Gov. Bill Lee, Tennessee will become the first state to betting operators on their overall deal with. A 1.85% tax on sports betting handle would replace the existing 20% tax on gross revenue.
April 19, 2023: Tennessee sportsbooks take in $392.6 million in sports bets in March - a 20% bump from the state's February manage.
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 manage fell in January by nearly 7%.
Feb. 15, 2023: The sports betting Wagering Advisory Council (SWAC) estimates that Tennessee missed out on about $11 million in tax earnings in 2022 due to the fact that multiple operators - including Caesars, DraftKings, and BetMGM - failed to strike the state's 10% hold rule.
Feb. 13, 2023: ZenSports, just recently gotten by KeyStar Corp, could end up being 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 includes a BetMGM-branded dining establishment and signs at Bridgestone Arena.
Dec. 15, 2022: November wagering equates to a brand-new Tennessee sportsbook wagering record, as betting websites handled $439.5 million in wagers.
Nov. 11, 2022: Tennessee sports wagering hits 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 big boost compared to August, as online sportsbooks generated more than $336.9 million in bets.
Sept. 6, 2022: Acid rock Sportsbook launches in the state, ending up being 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 becomes an official sports betting wagering partner of the Memphis Grizzlies.
April 27, 2022: SuperBook launches sportsbook operations in Tennessee.
April 14, 2022: Wagr, a Tennessee-based sportsbook, ends up being the main sports wagering partner of the MLS' Nashville FC.
March 10, 2022: The Tennessee Sports Wagering Advisory Council (SWAC) approves three brand-new mobile sportsbooks. When Bally Bet, Betly, and SuperBook launch online operations, TN will depend on 13 certified sportsbooks.
Feb. 17, 2022: Tennessee registers an all-time single-month record of $386 million in sports betting deal with 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 ended up being the very first peer-to-peer wagering platform to receive a license in the U.S. and is the ninth legally 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 control of the guideline 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 surpass $2 billion in bets, signing up $2.335 billion in sports betting manage throughout the very first 12 months.
October 2021: The Volunteer State tape-recorded its largest-ever regular monthly deal with in September; Tennessee sits $40 million shy of hitting the $2 billion mark for 2021.
Oct. 21, 2021: Bally ends up being 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 betting 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 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 completed policies, including a 10% hold required for all operators. All operators are subsequently permitted to start applying for licenses.
Nov. 2019: The Sports Betting Advisory Council is assembled by Tennessee lawmakers. The council begins devising the very first draft of Tennessee sports betting regulations.
July 2019: The Tennessee Sports Gaming Act formally becomes sports betting law.
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May 2019: Gov. Bill Lee allows the costs to end up being law without his signature. Despite being morally opposed to gambling in Tennessee, Lee believes legislating sports betting remains in the state's best interest.
Nov. 2018: Rep. Rick Staples presents a bipartisan bill to legalize Tennessee sports betting.
