Tennessee Sports Betting: Top 4 Legal Betting Sites in 2024

On July 1, 2019, the Tennessee Sports Gaming Act came into result as Gov. Bill Lee consented to enable the costs to become law without his signature. Gov. Lee emphatically opposed gambling however comprehended that legal online sports betting was in his state’s best interest.

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

Dec. 12, 2024: Tennessee earns a record-breaking $591 million manage in November, exceeding the state’s previous high by $47 million.

Nov. 14, 2024: Tennessee sports gamblers 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 live in Tennessee, making it the 12th online operator in the state.

Sept. 19, 2024: Tennessee Titans’ Nicholas Petit-Frere joins a sports wagering company as a fantasy professional after being suspended for sports gambling formerly.

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

July 23, 2024: A Tennessee man wins $900K at Fanatic Sportsbook after correctly picking the result of four 2024 T-Mobile Home Run Derby matches.

July 22, 2024: SuperBook sports betting takes out of eight post-PASPA states, consisting of Tennessee.

July 12, 2024: Tennessee’s SWAC releases June sports betting 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 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, bringing in $467.4 million in wagers, which is a 5.5% MoM decline.

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

Jan. 17, 2024: Tennessee’s sports wagering deal with 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 wagering, launching in Tennessee and 16 other states.

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

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

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

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

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

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

April 21, 2023: Your home authorizes HB 1362, an amended version of the Senate’s SB 0475. If signed by Gov. Bill Lee, Tennessee will become the first state to tax sports betting operators on their overall deal with. A 1.85% tax on sports wagering deal with would replace the current 20% tax on gross earnings.

April 19, 2023: 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 particular launch date prepared.

Feb. 24, 2023: Following a strong showing in December, Tennessee’s sports betting manage 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 numerous operators – consisting of Caesars, DraftKings, and BetMGM – stopped working to strike the state’s 10% hold rule.

Feb. 13, 2023: ZenSports, just recently acquired by KeyStar Corp, could end up being Tennessee’s 14th legal wagering website if its application is approved.

Dec. 19, 2022: BetMGM is called an official sports wagering 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 equates to a new Tennessee sportsbook wagering record, as betting websites dealt with $439.5 million in wagers.

Nov. 11, 2022: Tennessee sports betting hits a record high in October, as the state records an all-time manage 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 in September saw a huge 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 ends up being a main sports betting 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 main sports betting wagering 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 be up to 13 licensed sportsbooks.

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

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

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

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

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

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

Nov. 17, 2021: Tennessee becomes the fifth-fastest state to exceed $2 billion in bets, signing up $2.335 billion in sports betting manage during the very first 12 months.

October 2021: The Volunteer State taped its largest-ever month-to-month deal with in September; Tennessee sits $40 million shy of hitting 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 wagering app, get sports betting running licenses from the Tennessee Education Lottery.

August 2021: Caesars gets 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 authorizes its first 3 sportsbook operators: DraftKings, FanDuel, and BetMGM.

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

Nov. 2019: The Sports Betting Advisory Council is put together by Tennessee legislators. The council starts devising the initial draft of Tennessee sports wagering guidelines.

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

May 2019: Gov. Bill Lee permits the expense to end up being law without his signature. Despite being morally opposed to betting in Tennessee, Lee believes legislating sports wagering remains in the state’s finest interest.

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