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On July 1, 2019, the Tennessee Sports Gaming Act entered result as Gov. Bill Lee consented to allow the bill to end up being law without his signature. Gov. Lee vehemently opposed gambling however understood that legal online sports wagering remained in his state's best interest.
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Review this timeline of Tennessee's sports betting history for an introduction 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 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 betting 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 betting company as a dream professional after being suspended for sports gambling previously.
Sept. 12, 2024: Tennessee increases its sports betting manage and earnings in August thanks to the return of football.
July 23, 2024: A Tennessee male 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 eight post-PASPA states, including 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 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, generating $467.4 million in wagers, which is a 5.5% MoM decrease.
Jan. 25, 2024: PrizePicks includes a brand-new peer-to-peer game in Tennessee and three other U.S. states - PrizePicks Arena.
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Jan. 17, 2024: Tennessee's sports wagering handle drops listed 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 wagering, launching in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET plans to launch on Nov. 14, 2023, with online sports wagering going reside in 17 U.S. states, consisting of Tennessee.
Aug. 11, 2023: WynnBET Tennessee announces the closure of its online sports wagering operation as quickly as possible.
June 28, 2023: Tennessee will soon tax sportsbooks based on their wagering deal with instead 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 approves 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 prepares to introduce its sports betting app in Tennessee on Monday, May 1. Current Fanatics customers will get an unique code to access the app.
April 25, 2023: Yahoo acquires Wagr, a social peer-to-peer sportsbook app founded in Nashville, TN.
April 21, 2023: Your home approves HB 1362, a changed variation of the Senate's SB 0475. If signed by Gov. Bill Lee, Tennessee will become the very first state to tax sports wagering operators on their total deal with. A 1.85% tax on sports wagering deal with would change the current 20% tax on gross profits.
April 19, 2023: Tennessee sportsbooks take in $392.6 million in sports bets in March - a 20% bump from the state's February handle.
March 1, 2023: Fanatics receives its mobile sports wagering license in Tennessee. However, it has no particular launch date planned.
Feb. 24, 2023: Following a strong proving in December, Tennessee's sports betting deal with fell in January by nearly 7%.
Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) approximates that Tennessee missed out on out on about $11 million in tax revenue in 2022 since multiple operators - consisting of Caesars, DraftKings, and BetMGM - stopped working to hit the state's 10% hold rule.
Feb. 13, 2023: ZenSports, recently acquired by KeyStar Corp, could become Tennessee's 14th legal betting site if its application is approved.
Dec. 19, 2022: BetMGM is named a main sports betting partner of the Nashville Predators. The multi-year collaboration consists of a BetMGM-branded restaurant and signs at Bridgestone Arena.
Dec. 15, 2022: November betting translates to a brand-new Tennessee sportsbook wagering record, as wagering websites handled $439.5 million in wagers.
Nov. 11, 2022: Tennessee sports betting 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 wagering regulator approves license renewals for BetMGM, DraftKings, FanDuel, and Action 24/7.
Oct. 18, 2022: Tennessee sports wagering 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 launches in the state, becoming TN's 11th active sportsbook.
Aug. 16, 2022: Tennessee ends up being the 3rd state to introduce a Betly online sportsbook.
Aug. 3, 2022: Caesars Sportsbook ends up being a main sports betting partner of the Memphis Grizzlies.
April 27, 2022: SuperBook releases 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 betting Wagering Advisory Council (SWAC) approves three new mobile sportsbooks. When Bally Bet, Betly, and SuperBook launch online operations, TN will be up to 13 licensed sportsbooks.
Feb. 17, 2022: Tennessee signs up an all-time single-month record of $386 million in sports betting deal with for January.
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Feb. 10, 2022: Fubo is approved as the 10th sportsbook for online betting in Tennessee. A launch date is not announced.
Jan. 24, 2022: Wagr became the very first peer-to-peer wagering platform to receive a license in the U.S. and is the ninth lawfully licensed sportsbook operator in Tennessee.
Jan. 4, 2022: Record incomes produced by Tennessee-licensed sportsbooks continue, with close to $40 million in November.
Jan. 1, 2022: SWAC takes over the policy of sports betting from the Tennessee Education Lottery.
Dec. 17, 2021: The Sports Wagering Advisory Council (SWAC) will assume sports wagering regulative responsibilities in January following a handoff from TELC.
Nov. 17, 2021: Tennessee becomes the fifth-fastest state to go beyond $2 billion in bets, signing up $2.335 billion in sports wagering manage during the first 12 months.
October 2021: The Volunteer State recorded its largest-ever monthly manage in September
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Tennessee Sports Betting: Top 4 Legal Betting Sites in 2024
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