Tennessee Sports Betting: Top 4 Legal Betting Sites in 2024
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On July 1, 2019, the Tennessee Sports Gaming Act entered effect as Gov. Bill Lee consented to permit the costs to become law without his signature. Gov. Lee emphatically opposed gaming however understood that legal online sports betting remained in his state's best interest.
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Review this timeline of Tennessee's sports gambling history for an introduction of its milestones:
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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 bettors 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 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 signs up with a sports betting business as a fantasy expert after being suspended for sports betting formerly.
Sept. 12, 2024: Tennessee increases its sports betting manage and revenue in August thanks to the return of football.
July 23, 2024: A Tennessee male wins $900K at Fanatic Sportsbook after properly choosing the outcome of 4 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 handle, TN sportsbooks see a 49% boost in year-over-year action.
March 12, 2024: Tennessee's sports betting deal with falls below $400 million in February - an 18.6% month-over-month decrease.
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 decrease.
Jan. 25, 2024: PrizePicks adds a brand-new peer-to-peer game in Tennessee and three other U.S. states - PrizePicks Arena.
Jan. 17, 2024: Tennessee's sports betting 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 wagering, launching in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET plans 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 reveals the closure of its online sports wagering operation as quickly as possible.
June 28, 2023: Tennessee will soon tax sportsbooks based on their wagering deal with 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 authorizes modifications to Tennessee's sports wagering tax guideline.
May 1, 2023: Fanatics Sportsbook introduces its mobile app in Tennessee and Ohio.
April 27, 2023: Fanatics plans to introduce its sports betting app in Tennessee on Monday, May 1. Current Fanatics clients 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 authorizes HB 1362, an amended variation 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 manage. A 1.85% tax on sports wagering 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 manage.
March 1, 2023: Fanatics gets its mobile sports wagering license in Tennessee. However, it has no particular launch date planned.
Feb. 24, 2023: Following a strong showing in December, Tennessee's sports betting handle fell in January by nearly 7%.
Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) approximates that Tennessee missed out on about $11 million in tax profits in 2022 due to the fact that numerous operators - consisting of Caesars, DraftKings, and BetMGM - failed to hit the state's 10% hold guideline.
Feb. 13, 2023: ZenSports, just recently obtained 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 betting translates to a new Tennessee sportsbook betting record, as wagering 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 betting in September saw a huge increase compared to August, as online sportsbooks created 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 becomes the third state to release a Betly online sportsbook.
Aug. 3, 2022: Caesars Sportsbook ends up being an official sports wagering partner of the Memphis Grizzlies.
April 27, 2022: SuperBook releases sportsbook operations in Tennessee.
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April 14, 2022: Wagr, a Tennessee-based sportsbook, becomes the main sports wagering partner of the MLS' Nashville FC.
March 10, 2022: The Tennessee Sports Wagering Advisory Council (SWAC) authorizes 3 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 manage 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 betting platform to get a license in the U.S. and is the ninth lawfully certified sportsbook operator in Tennessee.
Jan. 4, 2022: Record profits generated by Tennessee-licensed sportsbooks continue, with close to $40 million in November.
Jan. 1, 2022: SWAC takes over the policy of sports wagering from the Tennessee Education Lottery.
Dec. 17, 2021: The sports betting Wagering Advisory Council (SWAC) will presume sports betting regulatory duties in January following a handoff from TELC.
Nov. 17, 2021: Tennessee ends up being the fifth-fastest state to exceed $2 billion in bets, registering $2.335 billion in handle during the very first 12 months.
October 2021: The Volunteer State recorded its largest-ever month-to-month 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 betting partner of the Nashville Predators.
Sept. 8, 2021: Barstool Sportsbook releases in Tennessee.
September 2021: Barstool Sportsbook and Wagr, a social sports betting wagering app, get sports wagering operating licenses from the Tennessee Education Lottery.
August 2021: Caesars obtains William Hill, and subsequently, 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 very first online Tennessee sportsbooks go live, kicking off the state's legal online sports betting market.
September 2020: TELC authorizes its first three sportsbook operators: DraftKings, FanDuel, and BetMGM.
April 2020: After months of criticisms and modifications, the Tennessee Education Lottery Corporation (TELC) approves settled guidelines, including a 10% hold mandate for all operators. All operators are consequently allowed to begin applying for licenses.
Nov. 2019: The Sports Betting Advisory Council is assembled by Tennessee lawmakers. The council begins designing the first draft of Tennessee sports betting wagering 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 become law without his signature. Despite being morally opposed to gambling in Tennessee, Lee believes legislating sports betting remains in the state's benefit.
Nov. 2018: Rep. Rick Staples introduces a bipartisan costs to legalize Tennessee sports wagering.
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