Tennessee Sports Betting: Top 4 Legal Betting Sites in 2024
On July 1, 2019, the Tennessee Sports Gaming Act entered into effect as Gov. Bill Lee concurred to enable the expense to become law without his signature. Gov. Lee vehemently opposed betting however comprehended that legal online sports betting wagering was in his state’s best interest.
Review this timeline of Tennessee’s sports gambling history for a summary of its turning points:
Dec. 12, 2024: Tennessee earns a record-breaking $591 million handle in November, going beyond the state’s previous high by $47 million.
Nov. 14, 2024: Tennessee sports betting bettors bet 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 actually formerly sent out 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 specialist after being suspended for sports betting previously.
Sept. 12, 2024: Tennessee increases its sports wagering manage and earnings in August thanks to the return of football.
July 23, 2024: A Tennessee man wins $900K at Fanatic Sportsbook after properly selecting the outcome of 4 2024 T-Mobile Home Run Derby matchups.
July 22, 2024: SuperBook Sports takes out of 8 post-PASPA states, consisting of Tennessee.
July 12, 2024: Tennessee’s SWAC releases June sports wagering numbers. With a $344.8 million manage, TN sportsbooks see a 49% increase in year-over-year action.
March 12, 2024: Tennessee’s sports wagering deal with falls listed below $400 million in February – an 18.6% month-over-month reduction.
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 includes a new peer-to-peer game in 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 live with online and mobile sports betting, releasing in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET plans to release on Nov. 14, 2023, with online sports betting going live in 17 U.S. states, including Tennessee.
Aug. 11, 2023: WynnBET Tennessee reveals the closure of its online sports wagering operation as quickly as possible.
June 28, 2023: Tennessee will soon tax sportsbooks based upon their wagering deal with rather of their earnings.
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 wagering tax rule.
May 1, 2023: Fanatics Sportsbook introduces its mobile app in Tennessee and Ohio.
April 27, 2023: Fanatics prepares to introduce its sports wagering app in Tennessee on Monday, May 1. Current Fanatics clients will receive a special code to access the app.
April 25, 2023: Yahoo gets Wagr, a social peer-to-peer sportsbook app founded in Nashville, TN.
April 21, 2023: Your home authorizes HB 1362, a modified version of the Senate’s SB 0475. If signed by Gov. Bill Lee, Tennessee will become the first state to tax sports betting wagering operators on their total handle. A 1.85% tax on sports betting wagering deal with would replace 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 manage.
March 1, 2023: Fanatics gets its mobile sports betting license in Tennessee. However, it has no particular launch date prepared.
Feb. 24, 2023: Following a strong showing in December, Tennessee’s sports wagering manage fell in January by almost 7%.
Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) approximates that Tennessee missed out on out on about $11 million in tax profits in 2022 since multiple operators – including Caesars, DraftKings, and BetMGM – failed to strike the state’s 10% hold rule.
Feb. 13, 2023: ZenSports, just recently acquired by KeyStar Corp, could become Tennessee’s 14th legal betting website if its application is authorized.
Dec. 19, 2022: BetMGM is named an official sports betting partner of the Nashville Predators. The multi-year partnership includes a BetMGM-branded restaurant and signs at Bridgestone Arena.
Dec. 15, 2022: November wagering equates to a new Tennessee sportsbook wagering record, as wagering websites dealt with $439.5 million in wagers.
Nov. 11, 2022: Tennessee sports betting wagering hits a record high in October, as the state records an all-time handle of $405.3 million.
Oct. 24, 2022: Tennessee’s sports betting wagering regulator approves license renewals for BetMGM, DraftKings, FanDuel, and Action 24/7.
Oct. 18, 2022: Tennessee sports betting in September saw a big increase compared to August, as online sportsbooks generated more than $336.9 million in bets.
Sept. 6, 2022: Acid rock Sportsbook releases in the state, ending up being TN’s 11th active sportsbook.
Aug. 16, 2022: Tennessee ends up being the third state to launch a Betly online sportsbook.
Aug. 3, 2022: Caesars Sportsbook ends up being a main sports 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 betting partner of the MLS’ Nashville FC.
March 10, 2022: The Tennessee sports betting 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 wagering deal with for January.
Feb. 10, 2022: Fubo is approved as the 10th sportsbook for online wagering in Tennessee. A launch date is not announced.
Jan. 24, 2022: Wagr became the first peer-to-peer wagering platform to get a license in the U.S. and is the ninth legally certified sportsbook operator in Tennessee.
Jan. 4, 2022: Record profits created by Tennessee-licensed sportsbooks continue, with close to $40 million in November.
Jan. 1, 2022: SWAC takes control of the regulation of sports wagering from the Tennessee Education Lottery.
Dec. 17, 2021: The Sports Wagering Advisory Council (SWAC) will presume sports betting regulative responsibilities in January following a handoff from TELC.
Nov. 17, 2021: Tennessee becomes the fifth-fastest state to go beyond $2 billion in bets, registering $2.335 billion in sports betting handle during the first 12 months.
October 2021: The Volunteer State taped its largest-ever regular monthly manage in September; Tennessee sits $40 million shy of striking the $2 billion mark for 2021.
Oct. 21, 2021: Bally ends up being a sports betting partner of the Nashville Predators.
Sept. 8, 2021: Barstool Sportsbook introduces in Tennessee.
September 2021: Barstool Sportsbook and Wagr, a social sports betting app, get sports betting wagering operating licenses from the Tennessee Education Lottery.
August 2021: Caesars acquires William Hill, and consequently, the William Hill app is replaced 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, kicking off the state’s legal online sports betting market.
September 2020: TELC approves its first 3 sportsbook operators: DraftKings, FanDuel, and BetMGM.
April 2020: After months of criticisms and modifications, the Tennessee Education Lottery Corporation (TELC) authorizes finalized regulations, consisting of a 10% hold required for all operators. All operators are subsequently allowed to start getting licenses.
Nov. 2019: The Sports Betting Advisory Council is put together by Tennessee legislators. The council starts devising the very first draft of Tennessee sports betting guidelines.
July 2019: The Tennessee Sports Gaming Act formally becomes sports betting wagering law.
May 2019: Gov. Bill Lee permits the bill to end up being law without his signature. Despite being morally opposed to betting in Tennessee, Lee believes legislating sports wagering remains in the state’s finest interest.
Nov. 2018: Rep. Rick Staples presents a bipartisan costs to legislate Tennessee sports wagering.
