Tennessee Sports Betting: Top 4 Legal Betting Sites in 2024
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On July 1, 2019, the Tennessee Sports Gaming Act entered result as Gov. Bill Lee agreed to enable the costs to become law without his signature. Gov. Lee vehemently opposed gambling but understood that legal online sports betting was in his state's best interest.
Review this timeline of Tennessee's sports gambling history for an introduction of its turning points:
Dec. 12, 2024: Tennessee earns a record-breaking $591 million deal with in November, surpassing the state's previous high by $47 million.
Nov. 14, 2024: Tennessee sports 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 Wagering Council (SWC) had previously 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 company as a fantasy expert after being suspended for sports betting formerly.
Sept. 12, 2024: Tennessee increases its sports wagering manage and earnings in August thanks to the return of football.
July 23, 2024: A Tennessee male wins $900K at Fanatic Sportsbook after properly picking the result of four 2024 T-Mobile Home Run Derby matches.
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% boost in year-over-year action.
March 12, 2024: Tennessee's sports betting handle falls listed below $400 million in February - an 18.6% .
Feb. 24, 2024: Tennessee's sports betting 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 game in Tennessee and 3 other U.S. states - PrizePicks Arena.
Jan. 17, 2024: Tennessee's sports betting handle 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 wagering, introducing in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET plans to launch 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 wagering operation as quickly as possible.
June 28, 2023: Tennessee will quickly tax sportsbooks based upon their betting manage instead 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 authorizes modifications to Tennessee's sports betting tax guideline.
May 1, 2023: Fanatics Sportsbook launches its mobile app in Tennessee and Ohio.
April 27, 2023: Fanatics plans to launch its sports betting app in Tennessee on Monday, May 1. Current Fanatics customers will receive 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 very first state to tax sports wagering operators on their overall manage. A 1.85% tax on sports betting manage would replace the current 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 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 proving 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 lost out on about $11 million in tax earnings in 2022 due to the fact that numerous operators - including Caesars, DraftKings, and BetMGM - failed to hit the state's 10% hold guideline.
Feb. 13, 2023: ZenSports, recently acquired by KeyStar Corp, might end up being Tennessee's 14th legal betting website if its application is approved.
Dec. 19, 2022: BetMGM is named an official sports wagering partner of the Nashville Predators. The multi-year partnership consists of a BetMGM-branded dining establishment and signs at Bridgestone Arena.
Dec. 15, 2022: November wagering equates to a new Tennessee sportsbook betting 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 deal with 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 in September saw a big boost compared to August, as online sportsbooks created more than $336.9 million in bets.
Sept. 6, 2022: Hard Rock Sportsbook releases in the state, becoming 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 becomes 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, ends up being the main sports betting partner of the MLS' Nashville FC.
March 10, 2022: The Tennessee Sports Wagering Advisory Council (SWAC) authorizes three 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 manage for January.
Feb. 10, 2022: Fubo is authorized as the 10th sportsbook for online wagering in Tennessee. A launch date is not revealed.
Jan. 24, 2022: Wagr ended up being the first peer-to-peer wagering platform to get a license in the U.S. and is the ninth lawfully licensed sportsbook operator in Tennessee.
Jan. 4, 2022: Record earnings generated by Tennessee-licensed sportsbooks continue, with near $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 wagering regulative tasks in January following a handoff from TELC.
Nov. 17, 2021: Tennessee ends up being the fifth-fastest state to exceed $2 billion in bets, signing up $2.335 billion in sports betting deal with throughout the first 12 months.
October 2021: The Volunteer State tape-recorded its largest-ever month-to-month 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 launches in Tennessee.
September 2021: Barstool Sportsbook and Wagr, a social sports betting app, receive sports betting running licenses from the Tennessee Education Lottery.
August 2021: Caesars gets 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 wagering market.
September 2020: TELC authorizes its first 3 sportsbook operators: DraftKings, FanDuel, and BetMGM.
April 2020: After months of criticisms and revisions, the Tennessee Education Lottery Corporation (TELC) authorizes settled guidelines, including a 10% hold mandate for all operators. All operators are consequently allowed to begin obtaining licenses.
Nov. 2019: The Sports Betting Advisory Council is assembled by Tennessee legislators. The council begins developing the initial draft of Tennessee sports betting regulations.
July 2019: The Tennessee Sports Gaming Act formally ends up being sports betting law.
May 2019: Gov. Bill Lee allows the bill to become law without his signature. Despite being morally opposed to gambling in Tennessee, Lee thinks legalizing sports betting remains in the state's benefit.
Nov. 2018: Rep. Rick Staples presents a bipartisan costs to legalize Tennessee sports betting.
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