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 concurred to permit the bill to end up being law without his signature. Gov. Lee vehemently opposed betting however understood that legal online sports betting remained in his state's benefit.
Review this timeline of Tennessee's sports betting 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 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 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 betting business as a dream specialist after being suspended for sports betting previously.
Sept. 12, 2024: Tennessee increases its sports betting deal with and earnings in August thanks to the return of football.
July 23, 2024: A Tennessee guy wins $900K at Fanatic Sportsbook after properly choosing 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 handle, TN sportsbooks see a 49% boost in year-over-year action.
March 12, 2024: Tennessee's sports wagering deal with falls below $400 million in February - an 18.6% month-over-month reduction.
Feb. 24, 2024: Tennessee's sports betting deal with continues to fall in January, bringing in $467.4 million in wagers, which is a 5.5% MoM decline.
Jan. 25, 2024: PrizePicks includes a new peer-to-peer video game in Tennessee and 3 other U.S. states - PrizePicks Arena.
Jan. 17, 2024: Tennessee's sports betting wagering deal with drops listed below $500 million in December, which is a 4.2% drop from November.
Nov. 14, 2023: ESPN BET goes deal with online and mobile sports betting, releasing in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET plans to launch on Nov. 14, 2023, with online sports betting going reside 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 manage instead 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 modifications to Tennessee's sports wagering tax guideline.
May 1, 2023: Fanatics Sportsbook releases its mobile app in Tennessee and Ohio.
April 27, 2023: Fanatics prepares to release its sports wagering app in Tennessee on Monday, May 1. Current Fanatics consumers will receive a distinct code to access the app.
April 25, 2023: Yahoo acquires Wagr, a social peer-to-peer sportsbook app founded in Nashville, TN.
April 21, 2023: Your home authorizes HB 1362, a modified variation of the Senate's SB 0475. If signed by Gov. Bill Lee, Tennessee will become the very first state to tax sports betting operators on their total handle. A 1.85% tax on sports betting deal with 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 gets its mobile sports wagering license in Tennessee. However, it has no particular launch date prepared.
Feb. 24, 2023: Following a strong showing in December, Tennessee's sports wagering handle fell in January by almost 7%.
Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) estimates that Tennessee missed out on about $11 million in tax earnings in 2022 because multiple operators - including Caesars, DraftKings, and BetMGM - failed to hit the state's 10% hold rule.
Feb. 13, 2023: ZenSports, recently obtained by KeyStar Corp, might 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 consists of a BetMGM-branded restaurant and signage at Bridgestone Arena.
Dec. 15, 2022: November betting equates to a new Tennessee sportsbook betting record, as betting sites 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 handle 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 huge 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 becomes the third state to launch a Betly online sportsbook.
Aug. 3, 2022: Caesars Sportsbook becomes an official 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 wagering partner of the MLS' Nashville FC.
March 10, 2022: The Tennessee Sports Wagering Advisory Council (SWAC) approves 3 new mobile sportsbooks. When Bally Bet, Betly, and SuperBook launch online operations, TN will be up to 13 licensed sportsbooks.
Feb. 17, 2022: Tennessee signs up 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 announced.
Jan. 24, 2022: Wagr became the first peer-to-peer betting platform to receive a license in the U.S. and is the ninth legally certified sportsbook operator in Tennessee.
Jan. 4, 2022: Record profits generated by Tennessee-licensed sportsbooks continue, with near $40 million in November.
Jan. 1, 2022: SWAC takes over the policy of sports betting wagering from the Tennessee Education Lottery.
Dec. 17, 2021: The Sports Wagering Advisory Council (SWAC) will assume sports betting regulative tasks in January following a handoff from TELC.
Nov. 17, 2021: Tennessee becomes the fifth-fastest state to surpass $2 billion in bets, registering $2.335 billion in sports betting wagering manage throughout the first 12 months.
October 2021: The Volunteer State taped its manage 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 introduces in Tennessee.
September 2021: Barstool Sportsbook and Wagr, a social sports wagering app, receive sports wagering running licenses from the Tennessee Education Lottery.
August 2021: Caesars obtains 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 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, consisting of a 10% hold mandate for all operators. All operators are subsequently permitted to start getting licenses.
Nov. 2019: The Sports Betting Advisory Council is assembled by Tennessee lawmakers. The council starts devising the first draft of Tennessee sports wagering regulations.
July 2019: The Tennessee Sports Gaming Act formally ends up being sports betting law.
May 2019: Gov. Bill Lee allows the costs to end up being law without his signature. Despite being ethically opposed to betting in Tennessee, Lee thinks legalizing sports betting is in the state's benefit.
Nov. 2018: Rep. Rick Staples introduces a bipartisan bill to legislate Tennessee sports wagering.
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