Tennessee Sports Betting: Top 4 Legal Betting Sites in 2024

On July 1, 2019, the Tennessee Sports Gaming Act entered effect as Gov. Bill Lee consented to permit the bill to become law without his signature. Gov. Lee emphatically opposed gambling but understood that legal online sports betting was in his state’s best interest.

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

Dec. 12, 2024: Tennessee earns a record-breaking $591 million handle 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 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 dream expert after being suspended for sports betting previously.

Sept. 12, 2024: Tennessee increases its sports betting manage and revenue in August thanks to the return of football.

July 23, 2024: A Tennessee guy wins $900K at Fanatic Sportsbook after correctly picking the outcome of 4 2024 T-Mobile Crowning achievement 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% boost in year-over-year action.

March 12, 2024: Tennessee’s sports betting 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 video game in Tennessee and three other U.S. states – PrizePicks Arena.

Jan. 17, 2024: Tennessee’s sports betting handle 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 prepares to release on Nov. 14, 2023, with online sports betting wagering going live in 17 U.S. states, consisting of Tennessee.

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

June 28, 2023: Tennessee will quickly tax sportsbooks based upon their betting deal with 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 approves modifications to Tennessee’s sports wagering tax guideline.

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

April 27, 2023: Fanatics plans to launch its sports betting app in Tennessee on Monday, May 1. Current Fanatics clients will receive a distinct code to access the app.

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

April 21, 2023: Your home approves HB 1362, a modified version of the Senate’s SB 0475. If signed by Gov. Bill Lee, Tennessee will end up being the first state to tax sports wagering operators on their total deal with. A 1.85% tax on sports betting manage would replace the present 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 deal with.

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

Feb. 24, 2023: Following a strong showing in December, Tennessee’s sports wagering manage fell in January by nearly 7%.

Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) estimates that Tennessee lost out on about $11 million in tax income in 2022 due to the fact that numerous operators – consisting of Caesars, DraftKings, and BetMGM – failed to strike the state’s 10% hold rule.

Feb. 13, 2023: ZenSports, just recently obtained by KeyStar Corp, might end up being Tennessee’s 14th legal betting site if its application is approved.

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

Dec. 15, 2022: November wagering equates to a brand-new Tennessee sportsbook betting 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 manage 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 wagering in September saw a huge 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, ending up being 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 ends up being a main sports betting wagering partner of the Memphis Grizzlies.

April 27, 2022: SuperBook releases in Tennessee.

April 14, 2022: Wagr, a Tennessee-based sportsbook, becomes the official 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 certified sportsbooks.

Feb. 17, 2022: Tennessee signs up an all-time single-month record of $386 million in sports betting wagering manage 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 became the very first peer-to-peer betting platform to receive a license in the U.S. and is the ninth lawfully licensed sportsbook operator in Tennessee.

Jan. 4, 2022: Record profits generated by Tennessee-licensed sportsbooks continue, with near $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 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, registering $2.335 billion in sports wagering handle during the very first 12 months.

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

Oct. 21, 2021: Bally ends up being 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, receive sports betting wagering operating licenses from the Tennessee Education Lottery.

August 2021: Caesars acquires 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 online Tennessee sportsbooks go live, kicking off the state’s legal online sports wagering industry.

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

April 2020: After months of criticisms and modifications, the Tennessee Education Lottery Corporation (TELC) approves settled policies, including a 10% hold required for all operators. All operators are consequently allowed to start obtaining licenses.

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

July 2019: The Tennessee Sports Gaming Act formally ends up being sports betting law.

May 2019: Gov. Bill Lee permits the expense to become law without his signature. Despite being ethically opposed to gambling in Tennessee, Lee thinks legalizing sports wagering is in the state’s finest interest.

Nov. 2018: Rep. Rick Staples presents a bipartisan costs to legislate Tennessee sports betting.