Tennessee Sports Betting: Top 4 Legal Betting Sites in 2024
On July 1, 2019, the Tennessee Sports Gaming Act came into impact as Gov. Bill Lee accepted enable the costs to become law without his signature. Gov. Lee vehemently opposed gambling but understood that legal online sports betting remained in his state's best interest.
Review this timeline of Tennessee's sports betting history for an introduction of its milestones:
Dec. 12, 2024: Tennessee makes a record-breaking $591 million handle in November, going beyond the state's previous high by $47 million.
Nov. 14, 2024: Tennessee sports wagerers 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 formerly 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 betting business as a fantasy specialist after being suspended for sports betting gambling previously.
Sept. 12, 2024: Tennessee increases its sports wagering handle and revenue in August thanks to the return of football.
July 23, 2024: A Tennessee guy wins $900K at Fanatic Sportsbook after correctly choosing the result of four 2024 T-Mobile Home Run Derby matches.
July 22, 2024: SuperBook Sports pulls 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% increase in year-over-year action.
March 12, 2024: Tennessee's sports betting wagering manage falls listed below $400 million in February - an 18.6% month-over-month decrease.
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 reduction.
Jan. 25, 2024: PrizePicks includes 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 manage 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.
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Nov. 2, 2023: ESPN BET prepares to introduce 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 handle 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 approves changes to Tennessee's sports betting tax guideline.
May 1, 2023: Fanatics Sportsbook releases its mobile app in Tennessee and Ohio.
April 27, 2023: Fanatics plans to release its sports betting app in Tennessee on Monday, May 1. Current Fanatics customers will receive a distinct 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: The House approves HB 1362, a changed variation of the Senate's SB 0475. If signed by Gov. Bill Lee, Tennessee will become the first state to tax sports wagering operators on their total deal with. A 1.85% tax on sports betting handle would change the current 20% tax on gross income.
April 19, 2023: Tennessee sportsbooks take in $392.6 million in sports bets in March - a 20% bump from the state's February manage.
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March 1, 2023: Fanatics gets its mobile sports wagering license in Tennessee. However, it has no specific launch date prepared.
Feb. 24, 2023: Following a strong proving in December, Tennessee's sports betting wagering deal with fell in January by nearly 7%.
Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) approximates that Tennessee missed out on out on about $11 million in tax revenue in 2022 since numerous operators - consisting of Caesars, DraftKings, and BetMGM - stopped working to strike the state's 10% hold guideline.
Feb. 13, 2023: ZenSports, recently gotten by KeyStar Corp, could end up being Tennessee's 14th legal betting website if its application is authorized.
Dec. 19, 2022: BetMGM is named a main sports wagering partner of the Nashville Predators. The multi-year collaboration includes a BetMGM-branded restaurant and signage at Bridgestone Arena.
Dec. 15, 2022: November betting translates to a brand-new Tennessee sportsbook betting record, as betting sites handled $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.
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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: Hard 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 release 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 releases 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 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 deal with for January.
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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 ended up being the first peer-to-peer wagering 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 near to $40 million in November.
Jan. 1, 2022: SWAC takes over the guideline of sports betting from the Tennessee Education Lottery.
Dec. 17, 2021: The sports betting Wagering Advisory Council (SWAC) will assume sports betting wagering regulative tasks in January following a handoff from TELC.
Nov. 17, 2021: Tennessee becomes 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 handle 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 wagering app, receive sports wagering operating licenses from the Tennessee Education Lottery.
August 2021: Caesars gets 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.
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Nov. 1, 2020: The very first online Tennessee sportsbooks go live, beginning the state's legal online sports betting wagering industry.
September 2020: TELC authorizes its very first 3 sportsbook operators: DraftKings, FanDuel, and BetMGM.
April 2020: After months of criticisms and modifications, the Tennessee Education Lottery Corporation (TELC) approves finalized policies, including a 10% hold mandate for all operators. All operators are consequently allowed to begin looking for licenses.
Nov. 2019: The Sports Betting Advisory Council is put together by Tennessee legislators. The council starts creating the first draft of Tennessee sports betting guidelines.
July 2019: The Tennessee Sports Gaming Act formally becomes sports betting law.
May 2019: Gov. Bill Lee allows the bill to become law without his signature. Despite being ethically opposed to gambling in Tennessee, Lee believes legislating sports wagering is in the state's finest interest.
Nov. 2018: Rep. Rick Staples introduces a bipartisan bill to legislate Tennessee sports betting.