Tennessee Sports Betting: Top 4 Legal Betting Sites in 2024

On July 1, 2019, the Tennessee Sports Gaming Act entered into impact as Gov. Bill Lee concurred to allow the bill to become law without his signature. Gov. Lee emphatically opposed betting however comprehended that legal online sports betting was 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 makes a record-breaking $591 million manage in November, exceeding 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 actually 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 wagering company as a dream expert after being suspended for sports betting formerly.

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 picking the result of 4 2024 T-Mobile Home Run Derby matches.

July 22, 2024: SuperBook Sports takes 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 manage, TN sportsbooks see a 49% increase in year-over-year action.

March 12, 2024: Tennessee’s sports betting deal with falls listed below $400 million in February – an 18.6% month-over-month decrease.

Feb. 24, 2024: Tennessee’s sports wagering 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 new peer-to-peer video game in Tennessee and 3 other U.S. states – PrizePicks Arena.

Jan. 17, 2024: Tennessee’s sports wagering manage 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 betting, releasing in Tennessee and 16 other states.

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

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

June 28, 2023: Tennessee will soon tax sportsbooks based upon their wagering manage rather 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 authorizes changes to Tennessee’s sports betting tax guideline.

May 1, 2023: Fanatics Sportsbook introduces its mobile app in Tennessee and Ohio.

April 27, 2023: Fanatics prepares to launch its sports wagering app in Tennessee on Monday, May 1. Current Fanatics customers will get a special code to access the app.

April 25, 2023: Yahoo acquires Wagr, a social peer-to-peer sportsbook app established in Nashville, TN.

April 21, 2023: Your house authorizes 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 deal with. A 1.85% tax on sports wagering manage would replace the current 20% tax on gross earnings.

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

March 1, 2023: Fanatics receives its mobile sports betting license in Tennessee. However, it has no particular launch date planned.

Feb. 24, 2023: Following a strong showing in December, Tennessee’s sports betting deal with fell in January by almost 7%.

Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) approximates that Tennessee missed out on about $11 million in tax earnings in 2022 since numerous operators – consisting of Caesars, DraftKings, and BetMGM – stopped working to strike the state’s 10% hold rule.

Feb. 13, 2023: ZenSports, recently gotten by KeyStar Corp, might end up being Tennessee’s 14th legal wagering site if its application is authorized.

Dec. 19, 2022: BetMGM is called an official sports betting wagering partner of the Nashville Predators. The multi-year partnership consists of a BetMGM-branded dining establishment and signage at Bridgestone Arena.

Dec. 15, 2022: November wagering equates to a new Tennessee sportsbook wagering record, as betting websites 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 authorizes license renewals for BetMGM, DraftKings, FanDuel, and Action 24/7.

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

Sept. 6, 2022: Acid rock Sportsbook launches in the state, becoming TN’s 11th active sportsbook.

Aug. 16, 2022: Tennessee ends up being the 3rd state to launch a Betly online sportsbook.

Aug. 3, 2022: Caesars Sportsbook becomes a main sports betting wagering partner of the Memphis Grizzlies.

April 27, 2022: SuperBook releases 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 betting Wagering Advisory Council (SWAC) authorizes 3 new mobile sportsbooks. When Bally Bet, Betly, and SuperBook launch online operations, TN will depend on 13 licensed sportsbooks.

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

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

Jan. 24, 2022: Wagr ended up being the very first peer-to-peer wagering platform to receive 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 regulation of sports betting from the Tennessee Education Lottery.

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

October 2021: The Volunteer State recorded its largest-ever regular monthly 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 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, receive sports betting wagering running licenses from the Tennessee Education Lottery.

August 2021: Caesars gets William Hill, and consequently, 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 sportsbooks go live, kicking off the state’s legal online sports betting market.

September 2020: TELC approves its first 3 sportsbook operators: DraftKings, FanDuel, and BetMGM.

April 2020: After months of criticisms and modifications, the Tennessee Education Lottery Corporation (TELC) authorizes finalized regulations, consisting of a 10% hold mandate for all operators. All operators are consequently allowed to begin obtaining licenses.

Nov. 2019: The Sports Betting Advisory Council is put together by Tennessee lawmakers. The council begins designing the initial draft of Tennessee sports betting policies.

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

May 2019: Gov. Bill Lee allows the expense 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 best interest.

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