Tennessee Sports Betting: Top 4 Legal Betting Sites in 2024
bet9ja.com
On July 1, 2019, the Tennessee Sports Gaming Act entered result as Gov. Bill to allow the bill to become law without his signature. Gov. Lee emphatically opposed betting however understood that legal online sports betting was in his state's finest interest.
bit.ly
Review this timeline of Tennessee's sports gambling history for an overview of its turning points:
Dec. 12, 2024: Tennessee makes a record-breaking $591 million manage in November, exceeding 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 joins a sports wagering business as a fantasy specialist after being suspended for sports gambling previously.
Sept. 12, 2024: Tennessee increases its sports betting deal with and revenue in August thanks to the return of football.
July 23, 2024: A Tennessee male wins $900K at Fanatic Sportsbook after correctly choosing the outcome of four 2024 T-Mobile Crowning achievement Derby matches.
July 22, 2024: SuperBook Sports pulls out of eight post-PASPA states, including Tennessee.
July 12, 2024: Tennessee's SWAC releases June sports betting wagering numbers. With a $344.8 million manage, TN sportsbooks see a 49% increase in year-over-year action.
March 12, 2024: Tennessee's sports betting manage falls listed 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 reduction.
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 handle drops 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 prepares to launch 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 betting wagering operation as quickly as possible.
June 28, 2023: Tennessee will quickly tax sportsbooks based upon their wagering deal with instead of their earnings.
bet9ja.com
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 wagering tax guideline.
May 1, 2023: Fanatics Sportsbook introduces 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 clients will get an unique code to access the app.
April 25, 2023: Yahoo gets Wagr, a social peer-to-peer sportsbook app founded in Nashville, TN.
April 21, 2023: The House approves HB 1362, a modified version 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 handle. A 1.85% tax on sports betting wagering handle would change the existing 20% tax on gross revenue.
April 19, 2023: Tennessee sportsbooks take in $392.6 million in sports betting 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 specific launch date prepared.
Feb. 24, 2023: Following a strong proving in December, Tennessee's sports betting handle fell in January by nearly 7%.
Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) estimates that Tennessee missed out on out on about $11 million in tax revenue in 2022 because numerous operators - consisting of Caesars, DraftKings, and BetMGM - failed to hit the state's 10% hold guideline.
Feb. 13, 2023: ZenSports, recently obtained by KeyStar Corp, might become Tennessee's 14th legal betting site if its application is authorized.
Dec. 19, 2022: BetMGM is named an official sports betting wagering partner of the Nashville Predators. The multi-year collaboration includes a BetMGM-branded dining establishment and signage at Bridgestone Arena.
Dec. 15, 2022: November betting translates to a brand-new Tennessee sportsbook wagering record, as betting websites dealt with $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 approves license renewals for BetMGM, DraftKings, FanDuel, and Action 24/7.
Oct. 18, 2022: Tennessee sports betting wagering in September saw a huge increase compared to August, as online sportsbooks produced more than $336.9 million in bets.
Sept. 6, 2022: Hard Rock Sportsbook launches in the state, becoming TN's 11th active sportsbook.
Aug. 16, 2022: Tennessee becomes the third state to release a Betly online sportsbook.
Aug. 3, 2022: Caesars Sportsbook becomes a main sports betting partner of the Memphis Grizzlies.
April 27, 2022: SuperBook launches sportsbook operations in Tennessee.
April 14, 2022: Wagr, a Tennessee-based sportsbook, becomes the main sports betting partner of the MLS' Nashville FC.
March 10, 2022: The Tennessee Sports Wagering Advisory Council (SWAC) approves 3 brand-new mobile sportsbooks. When Bally Bet, Betly, and SuperBook launch online operations, TN will be up to 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 announced.
Jan. 24, 2022: Wagr became the first peer-to-peer betting platform to get a license in the U.S. and is the ninth lawfully licensed sportsbook operator in Tennessee.
Jan. 4, 2022: Record profits created by Tennessee-licensed sportsbooks continue, with close to $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 betting Wagering Advisory Council (SWAC) will presume sports wagering regulatory duties in January following a handoff from TELC.
Nov. 17, 2021: Tennessee ends up being the fifth-fastest state to surpass $2 billion in bets, registering $2.335 billion in sports betting manage during the first 12 months.
October 2021: The Volunteer State taped 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 becomes a sports wagering 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 betting running licenses from the Tennessee Education Lottery.
August 2021: Caesars obtains William Hill, and consequently, the William Hill app is replaced by the Caesars Sportsbook app in Tennessee.
bet9ja.com
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, kicking off the state's legal online sports wagering market.
September 2020: TELC authorizes its very first three sportsbook operators: DraftKings, FanDuel, and BetMGM.
April 2020: After months of criticisms and modifications, the Tennessee Education Lottery Corporation (TELC) approves finalized guidelines, including a 10% hold required for all operators. All operators are consequently allowed to start requesting licenses.
Nov. 2019: The Sports Betting Advisory Council is put together by Tennessee legislators. The council starts developing the first draft of Tennessee sports betting wagering guidelines.
July 2019: The Tennessee Sports Gaming Act officially ends up being sports wagering law.
May 2019: Gov. Bill Lee permits the bill to become law without his signature. Despite being morally opposed to betting in Tennessee, Lee thinks legalizing sports betting is in the state's best interest.
Nov. 2018: Rep. Rick Staples introduces a bipartisan expense to legislate Tennessee sports betting.