Tennessee Sports Betting: Top 4 Legal Betting Sites in 2024

On July 1, 2019, the Tennessee sports betting Gaming Act entered into result as Gov. Bill Lee accepted enable the costs to end up being law without his signature. Gov. Lee vehemently opposed betting but understood that legal online sports wagering was in his state’s best interest.

Review this timeline of Tennessee’s sports betting gambling history for an introduction of its milestones:

Dec. 12, 2024: Tennessee makes a record-breaking $591 million deal with in November, exceeding the state’s previous high by $47 million.

Nov. 14, 2024: Tennessee sports bettors 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 actually previously sent out cease-and-desist letters to the online sportsbook’s Curacao address.

Oct. 18, 2024: Bally Bet formally goes live in Tennessee, making it the 12th online operator in the state.

Sept. 19, 2024: Tennessee Titans’ Nicholas Petit-Frere joins a sports betting company as a dream expert after being suspended for sports betting gambling previously.

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

July 23, 2024: A Tennessee male wins $900K at Fanatic Sportsbook after properly selecting the result of 4 2024 T-Mobile Home Run Derby matches.

July 22, 2024: SuperBook Sports pulls out of 8 post-PASPA states, consisting of Tennessee.

July 12, 2024: Tennessee’s SWAC releases June sports wagering numbers. With a $344.8 million deal with, 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 decline.

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 decrease.

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

Jan. 17, 2024: Tennessee’s sports wagering handle drops 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 wagering, launching in Tennessee and 16 other states.

Nov. 2, 2023: ESPN BET plans to introduce on Nov. 14, 2023, with online sports wagering going reside in 17 U.S. states, consisting of Tennessee.

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

June 28, 2023: Tennessee will quickly tax sportsbooks based on their betting deal with instead of their profits.

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 launches its mobile app in Tennessee and Ohio.

April 27, 2023: to release its sports betting app in Tennessee on Monday, May 1. Current Fanatics consumers 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 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 betting operators on their overall handle. A 1.85% tax on sports betting handle would change the present 20% tax on gross income.

April 19, 2023: Tennessee sportsbooks take in $392.6 million in sports betting bets in March – a 20% bump from the state’s February deal with.

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 showing in December, Tennessee’s sports betting manage 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 profits in 2022 since several operators – consisting of Caesars, DraftKings, and BetMGM – failed to strike the state’s 10% hold guideline.

Feb. 13, 2023: ZenSports, just recently gotten by KeyStar Corp, could become Tennessee’s 14th legal betting site if its application is authorized.

Dec. 19, 2022: BetMGM is named a main sports betting partner of the Nashville Predators. The multi-year partnership consists of a BetMGM-branded restaurant and signage at Bridgestone Arena.

Dec. 15, 2022: November betting translates to a brand-new Tennessee sportsbook wagering record, as wagering websites managed $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 betting regulator approves license renewals for BetMGM, DraftKings, FanDuel, and Action 24/7.

Oct. 18, 2022: Tennessee sports betting wagering in September saw a big boost compared to August, as online sportsbooks generated more than $336.9 million in bets.

Sept. 6, 2022: Hard Rock Sportsbook releases 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 ends up being 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 betting Wagering Advisory Council (SWAC) approves three brand-new mobile sportsbooks. When Bally Bet, Betly, and SuperBook launch online operations, TN will depend on 13 certified sportsbooks.

Feb. 17, 2022: Tennessee signs up an all-time single-month record of $386 million in sports wagering manage for January.

Feb. 10, 2022: Fubo is authorized as the 10th sportsbook for online betting in Tennessee. A launch date is not revealed.

Jan. 24, 2022: Wagr ended up being the very first peer-to-peer wagering platform to get a license in the U.S. and is the ninth legally certified sportsbook operator in Tennessee.

Jan. 4, 2022: Record incomes created by Tennessee-licensed sportsbooks continue, with close to $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 betting Wagering Advisory Council (SWAC) will presume sports wagering regulative duties in January following a handoff from TELC.

Nov. 17, 2021: Tennessee ends up being the fifth-fastest state to go beyond $2 billion in bets, signing up $2.335 billion in sports betting manage throughout the very first 12 months.

October 2021: The Volunteer State tape-recorded its largest-ever month-to-month deal with 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 wagering partner of the Nashville Predators.

Sept. 8, 2021: Barstool Sportsbook introduces in Tennessee.

September 2021: Barstool Sportsbook and Wagr, a social sports betting app, receive 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 very first online Tennessee sportsbooks go live, beginning the state’s legal online sports wagering industry.

September 2020: TELC authorizes its very first three sportsbook operators: DraftKings, FanDuel, and BetMGM.

April 2020: After months of criticisms and revisions, the Tennessee Education Lottery Corporation (TELC) authorizes completed guidelines, consisting of a 10% hold mandate for all operators. All operators are consequently permitted to start looking for licenses.

Nov. 2019: The Sports Betting Advisory Council is put together by Tennessee lawmakers. The council starts devising the very first draft of Tennessee sports betting wagering policies.

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

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

Nov. 2018: Rep. Rick Staples presents a bipartisan expense to legalize Tennessee sports betting.