Tennessee Sports Betting: Top 4 Legal Betting Sites in 2024

Comments · 107 Views

On July 1, 2019, the Tennessee Sports Gaming Act came into effect as Gov. Bill Lee accepted allow the costs to become law without his signature. Gov.

On July 1, 2019, the Tennessee Sports Gaming Act came into effect as Gov. Bill Lee consented to permit the bill to end up being law without his signature. Gov. Lee vehemently opposed gambling however comprehended that legal online sports betting was in his state's best interest.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

Review this timeline of Tennessee's sports betting history for an overview of its milestones:


Dec. 12, 2024: Tennessee earns a record-breaking $591 million handle in November, surpassing the state's previous high by $47 million.


Nov. 14, 2024: Tennessee sports gamblers 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 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 wagering business as a dream specialist after being suspended for sports gambling formerly.


Sept. 12, 2024: Tennessee increases its sports wagering deal with and income in August thanks to the return of football.


July 23, 2024: A Tennessee male wins $900K at Fanatic Sportsbook after properly choosing the result of four 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 betting 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 manage falls below $400 million in February - an 18.6% month-over-month reduction.


Feb. 24, 2024: Tennessee's sports betting handle continues to fall in January, generating $467.4 million in wagers, which is a 5.5% MoM decline.


Jan. 25, 2024: PrizePicks includes a brand-new peer-to-peer game in Tennessee and 3 other U.S. states - PrizePicks Arena.


Jan. 17, 2024: Tennessee's sports betting wagering 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, launching in Tennessee and 16 other states.


Nov. 2, 2023: ESPN BET plans to launch on Nov. 14, 2023, with online sports wagering going live in 17 U.S. states, including Tennessee.


Aug. 11, 2023: WynnBET Tennessee reveals the closure of its online sports betting operation as quickly as possible.


June 28, 2023: Tennessee will soon tax sportsbooks based upon their wagering manage instead of their revenue.


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 wagering 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: The House authorizes HB 1362, a modified variation of the Senate's SB 0475. If signed by Gov. Bill Lee, Tennessee will end up being the very first state to tax sports wagering operators on their overall manage. A 1.85% tax on sports betting deal with would change the current 20% tax on gross profits.


April 19, 2023: Tennessee sportsbooks take in $392.6 million in sports betting 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 proving in December, Tennessee's sports betting manage fell in January by almost 7%.


Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) estimates that Tennessee lost out on about $11 million in tax revenue in 2022 because numerous operators - including Caesars, DraftKings, and BetMGM - stopped working to strike the state's 10% hold rule.


Feb. 13, 2023: ZenSports, recently gotten by KeyStar Corp, could become Tennessee's 14th legal wagering site if its application is approved.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

Dec. 19, 2022: BetMGM is called a main sports betting 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 betting translates to a new Tennessee sportsbook wagering 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 handle of $405.3 million.


Oct. 24, 2022: Tennessee's sports wagering regulator approves 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 produced 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 introduce a Betly online sportsbook.


Aug. 3, 2022: Caesars Sportsbook becomes an official sports wagering 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 official 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 handle 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 first peer-to-peer betting platform to receive a license in the U.S. and is the ninth legally licensed sportsbook operator in Tennessee.


Jan. 4, 2022: Record revenues produced by Tennessee-licensed sportsbooks continue, with near $40 million in November.


Jan. 1, 2022: SWAC takes control of the guideline of sports wagering from the Tennessee Education Lottery.


Dec. 17, 2021: The Sports Wagering Advisory Council (SWAC) will assume sports betting 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, registering $2.335 billion in sports wagering manage during the first 12 months.


October 2021: The Volunteer State taped its largest-ever monthly deal with in September; Tennessee sits $40 million shy of hitting the $2 billion mark for 2021.


Oct. 21, 2021: Bally becomes 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, get sports wagering operating licenses from the Tennessee Education Lottery.


August 2021: Caesars gets 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, beginning 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 revisions, the Tennessee Education Lottery Corporation (TELC) approves finalized regulations, consisting of a 10% hold required for all operators. All operators are consequently permitted to begin getting licenses.


Nov. 2019: The Sports Betting Advisory Council is assembled by Tennessee lawmakers. The council begins devising the first draft of Tennessee sports wagering policies.


July 2019: The Tennessee Sports Gaming Act officially becomes sports wagering law.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

May 2019: Gov. Bill Lee allows the expense to become law without his signature. Despite being morally opposed to gambling in Tennessee, Lee thinks legislating sports betting wagering remains in the state's best interest.


Nov. 2018: Rep. Rick Staples presents a bipartisan costs to legalize Tennessee sports wagering.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus
Comments