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 consented to enable the costs to become law without his signature. Gov. Lee vehemently opposed betting but understood that legal online sports betting remained in his state’s finest interest.

Review this timeline of Tennessee’s sports betting history for an introduction of its turning points:

Dec. 12, 2024: Tennessee makes a record-breaking $591 million deal with in November, going beyond 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 betting Wagering Council (SWC) had formerly 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: Titans’ Nicholas Petit-Frere signs up with a sports betting wagering company as a dream professional after being suspended for sports gambling formerly.

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

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

July 22, 2024: SuperBook Sports takes out of eight post-PASPA states, including Tennessee.

July 12, 2024: Tennessee’s SWAC releases June sports wagering numbers. With a $344.8 million deal with, TN sportsbooks see a 49% boost in year-over-year action.

March 12, 2024: Tennessee’s sports wagering deal with 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 reduction.

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

Jan. 17, 2024: Tennessee’s sports betting wagering deal with drops below $500 million in December, which is a 4.2% drop from November.

Nov. 14, 2023: ESPN BET goes live with online and mobile sports wagering, introducing in Tennessee and 16 other states.

Nov. 2, 2023: ESPN BET prepares to launch on Nov. 14, 2023, with online sports betting going reside 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 on their wagering 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 betting tax guideline.

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

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

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

April 21, 2023: Your house approves HB 1362, a modified version of the Senate’s SB 0475. If signed by Gov. Bill Lee, Tennessee will become the very first state to tax sports betting wagering operators on their overall manage. 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 handle.

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 proving in December, Tennessee’s sports betting manage 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 profits in 2022 due to the fact that numerous operators – including Caesars, DraftKings, and BetMGM – failed to hit the state’s 10% hold rule.

Feb. 13, 2023: ZenSports, just recently obtained by KeyStar Corp, might 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 includes a BetMGM-branded dining establishment and signs at Bridgestone Arena.

Dec. 15, 2022: November betting equates to a new Tennessee sportsbook betting record, as betting 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 handle of $405.3 million.

Oct. 24, 2022: Tennessee’s sports betting wagering regulator authorizes license renewals for BetMGM, DraftKings, FanDuel, and Action 24/7.

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

Sept. 6, 2022: Acid rock Sportsbook releases in the state, ending up being TN’s 11th active sportsbook.

Aug. 16, 2022: Tennessee becomes the third state to launch a Betly online sportsbook.

Aug. 3, 2022: Caesars Sportsbook becomes an official sports wagering partner of the Memphis Grizzlies.

April 27, 2022: SuperBook introduces 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) authorizes three 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 handle for January.

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

Jan. 24, 2022: Wagr became the first peer-to-peer betting platform to get a license in the U.S. and is the ninth legally licensed sportsbook operator in Tennessee.

Jan. 4, 2022: Record profits created by Tennessee-licensed sportsbooks continue, with near to $40 million in November.

Jan. 1, 2022: SWAC takes over the guideline of sports betting wagering from the Tennessee Education Lottery.

Dec. 17, 2021: The sports betting Wagering Advisory Council (SWAC) will presume sports betting regulative duties in January following a handoff from TELC.

Nov. 17, 2021: Tennessee becomes the fifth-fastest state to go beyond $2 billion in bets, registering $2.335 billion in sports betting wagering handle during the very first 12 months.

October 2021: The Volunteer State tape-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 becomes 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 operating licenses from the Tennessee Education Lottery.

August 2021: Caesars acquires William Hill, and subsequently, 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 approves its very 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, including a 10% hold mandate for all operators. All operators are subsequently permitted to begin applying for licenses.

Nov. 2019: The Sports Betting Advisory Council is assembled by Tennessee legislators. The council begins creating the initial draft of Tennessee sports betting policies.

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

May 2019: Gov. Bill Lee allows the bill to end up being law without his signature. Despite being morally opposed to betting in Tennessee, Lee thinks legislating sports wagering remains in the state’s benefit.

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