Tennessee Sports Betting: Top 4 Legal Betting Sites in 2024

On July 1, 2019, the Tennessee Sports Gaming Act came into impact as Gov. Bill Lee concurred to permit the costs to end up being law without his signature. Gov. Lee emphatically opposed gambling however comprehended that legal online sports betting was in his state’s finest interest.

Review this timeline of Tennessee’s sports betting gambling history for a summary of its milestones:

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

Nov. 14, 2024: Tennessee sports wagerers wager 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 previously sent out cease-and-desist letters to the online sportsbook’s Curacao address.

Oct. 18, 2024: Bally Bet officially goes live in Tennessee, making it the 12th online operator in the state.

Sept. 19, 2024: Tennessee Titans’ Nicholas Petit-Frere joins a sports betting business as a dream expert after being suspended for sports betting formerly.

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

July 23, 2024: A Tennessee man wins $900K at Fanatic Sportsbook after properly selecting the outcome of four 2024 T-Mobile Crowning achievement Derby matchups.

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 manage, TN sportsbooks see a 49% boost in year-over-year action.

March 12, 2024: Tennessee’s sports wagering manage falls 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, bringing in $467.4 million in wagers, which is a 5.5% MoM reduction.

Jan. 25, 2024: PrizePicks includes 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 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 wagering, introducing in Tennessee and 16 other states.

Nov. 2, 2023: ESPN BET plans to launch on Nov. 14, 2023, with online sports wagering going live in 17 U.S. states, including Tennessee.

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

June 28, 2023: Tennessee will soon 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 introduces its mobile app in Tennessee and Ohio.

April 27, 2023: Fanatics prepares to launch its sports betting wagering app in Tennessee on Monday, May 1. Current Fanatics customers will get an unique 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 home approves HB 1362, a modified variation of the Senate’s SB 0475. If signed by Gov. Bill Lee, Tennessee will end up being the very first state to tax sports wagering operators on their overall handle. A 1.85% tax on sports betting wagering manage would replace the present 20% tax on gross revenue.

April 19, 2023: Tennessee sportsbooks take in $392.6 million in sports betting bets in March – a 20% bump from the state’s February handle.

March 1, 2023: Fanatics gets its mobile sports wagering license in Tennessee. However, it has no specific launch date prepared.

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 betting Wagering Advisory Council (SWAC) approximates that Tennessee lost out on about $11 million in tax profits in 2022 due to the fact that numerous operators – consisting of Caesars, DraftKings, and BetMGM – failed to hit the state’s 10% hold guideline.

Feb. 13, 2023: ZenSports, recently acquired by KeyStar Corp, could become Tennessee’s 14th legal betting 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 includes a BetMGM-branded dining establishment and signage at Bridgestone Arena.

Dec. 15, 2022: November betting translates to a new Tennessee sportsbook wagering record, as betting sites managed $439.5 million in wagers.

Nov. 11, 2022: Tennessee sports wagering hits a record high in October, as the state records an all-time handle of $405.3 million.

Oct. 24, 2022: Tennessee’s sports wagering 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, becoming 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 launches sportsbook operations in Tennessee.

April 14, 2022: Wagr, a Tennessee-based sportsbook, becomes the main sports betting partner of the MLS’ Nashville FC.

March 10, 2022: The Tennessee Sports Wagering Advisory Council (SWAC) authorizes three brand-new mobile sportsbooks. When Bally Bet, Betly, and 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 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 legally certified sportsbook operator in Tennessee.

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

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

Dec. 17, 2021: The Sports Wagering Advisory Council (SWAC) will presume sports wagering regulative responsibilities 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 wagering deal with throughout the very first 12 months.

October 2021: The Volunteer State tape-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 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 betting wagering running licenses from the Tennessee Education Lottery.

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

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

April 2020: After months of criticisms and revisions, the Tennessee Education Lottery Corporation (TELC) approves finalized policies, consisting of a 10% hold mandate for all operators. All operators are consequently permitted to begin getting licenses.

Nov. 2019: The Sports Betting Advisory Council is put together by Tennessee lawmakers. The council starts designing the first draft of Tennessee sports wagering regulations.

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

May 2019: Gov. Bill Lee allows the costs to become law without his signature. Despite being morally opposed to gambling in Tennessee, Lee believes legalizing sports betting remains in the state’s finest interest.

Nov. 2018: Rep. Rick Staples introduces a bipartisan expense to legalize Tennessee sports betting.