On July 1, 2019, the Tennessee Sports Gaming Act entered into impact as Gov. Bill Lee accepted enable the expense to become law without his signature. Gov. Lee emphatically opposed gaming however understood that legal online sports wagering was in his state’s benefit.
Review this timeline of Tennessee’s sports betting history for an of its milestones:
Dec. 12, 2024: Tennessee earns a record-breaking $591 million deal with in November, going beyond 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 previously sent out cease-and-desist letters to the online sportsbook’s Curacao address.
Oct. 18, 2024: Bally Bet formally goes reside in Tennessee, making it the 12th online operator in the state.
Sept. 19, 2024: Tennessee Titans’ Nicholas Petit-Frere signs up with a sports betting company as a dream specialist after being suspended for sports betting previously.
Sept. 12, 2024: Tennessee increases its sports betting handle and profits 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 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% boost in year-over-year action.
March 12, 2024: Tennessee’s sports betting handle falls listed below $400 million in February – an 18.6% month-over-month decrease.
Feb. 24, 2024: Tennessee’s sports betting deal with continues to fall in January, generating $467.4 million in wagers, which is a 5.5% MoM decrease.
Jan. 25, 2024: PrizePicks adds a brand-new peer-to-peer game in Tennessee and three other U.S. states – PrizePicks Arena.
Jan. 17, 2024: Tennessee’s sports betting deal with 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, launching in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET plans to launch on Nov. 14, 2023, with online sports betting going live in 17 U.S. states, consisting of Tennessee.
Aug. 11, 2023: WynnBET Tennessee announces the closure of its online sports betting operation as soon as possible.
June 28, 2023: Tennessee will quickly tax sportsbooks based on their wagering handle rather 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 releases 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 consumers 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 house approves HB 1362, an amended 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 overall deal with. A 1.85% tax on sports betting manage would replace the existing 20% tax on gross income.
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 particular launch date planned.
Feb. 24, 2023: Following a strong showing in December, Tennessee’s sports betting handle fell in January by almost 7%.
Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) estimates that Tennessee lost out on about $11 million in tax revenue in 2022 due to the fact that several operators – including Caesars, DraftKings, and BetMGM – failed to hit the state’s 10% hold guideline.
Feb. 13, 2023: ZenSports, recently obtained by KeyStar Corp, could end up being Tennessee’s 14th legal wagering site if its application is authorized.
Dec. 19, 2022: BetMGM is named a main sports 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 wagering equates to a brand-new Tennessee sportsbook betting record, as wagering sites handled $439.5 million in wagers.
Nov. 11, 2022: Tennessee sports wagering strikes 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 big increase compared to August, as online sportsbooks generated more than $336.9 million in bets.
Sept. 6, 2022: Hard Rock Sportsbook launches in the state, ending up being 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 an official sports betting partner of the Memphis Grizzlies.
April 27, 2022: SuperBook releases sportsbook operations in Tennessee.
April 14, 2022: Wagr, a Tennessee-based sportsbook, becomes the official sports betting wagering 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 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 announced.
Jan. 24, 2022: Wagr became the first peer-to-peer wagering platform to get a license in the U.S. and is the ninth lawfully certified sportsbook operator in Tennessee.
Jan. 4, 2022: Record revenues created 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 betting Wagering Advisory Council (SWAC) will assume sports betting regulatory tasks 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 handle throughout the very first 12 months.
October 2021: The Volunteer State recorded its largest-ever month-to-month handle in September; Tennessee sits $40 million shy of striking the $2 billion mark for 2021.
Oct. 21, 2021: Bally becomes a sports betting 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 wagering running 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 first online Tennessee sportsbooks go live, starting the state’s legal online sports betting market.
September 2020: TELC authorizes its very first 3 sportsbook operators: DraftKings, FanDuel, and BetMGM.
April 2020: After months of criticisms and modifications, the Tennessee Education Lottery Corporation (TELC) approves finalized regulations, including a 10% hold required for all operators. All operators are consequently allowed to start getting licenses.
Nov. 2019: The Sports Betting Advisory Council is put together by Tennessee legislators. The council starts designing the initial draft of Tennessee sports wagering regulations.
July 2019: The Tennessee Sports Gaming Act formally ends up being sports betting law.
May 2019: Gov. Bill Lee permits the costs to become law without his signature. Despite being morally opposed to gambling in Tennessee, Lee thinks legislating sports betting remains in the state’s best interest.
Nov. 2018: Rep. Rick Staples presents a bipartisan bill to legalize Tennessee sports betting.
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