GitLab

On July 1, 2019, the Tennessee Sports Gaming Act entered into impact as Gov. Bill Lee concurred to enable the bill to end up being law without his signature. Gov. Lee vehemently opposed gaming however understood that legal online sports betting wagering remained in his state's best interest.

Review this timeline of Tennessee's sports gambling history for an introduction of its turning points:

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

Nov. 14, 2024: Tennessee sports wagerers bet 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 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 wagering company as a fantasy professional after being suspended for sports betting previously.

Sept. 12, 2024: Tennessee increases its sports betting manage 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 takes out of eight post-PASPA states, including Tennessee.

July 12, 2024: Tennessee's SWAC releases June sports betting numbers. With a $344.8 million handle, 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 decline.

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 reduction.

Jan. 25, 2024: PrizePicks includes a new peer-to-peer video game in Tennessee and 3 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 live with online and mobile sports betting, introducing in Tennessee and 16 other states.

Nov. 2, 2023: ESPN BET prepares to introduce on Nov. 14, 2023, with online sports betting wagering 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 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 authorizes modifications to Tennessee's sports betting tax rule.

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

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

April 25, 2023: Yahoo obtains Wagr, a social peer-to-peer sportsbook app established 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 end up being the first state to tax sports wagering operators on their overall handle. A 1.85% tax on sports betting deal with would change the present 20% tax on gross earnings.

April 19, 2023: Tennessee sportsbooks take in $392.6 million in sports betting bets in March - a 20% bump from the state's February deal with.

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

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) estimates that Tennessee lost out on about $11 million in tax revenue in 2022 because several operators - consisting of Caesars, DraftKings, and BetMGM - stopped working to strike the state's 10% hold guideline.

Feb. 13, 2023: ZenSports, recently acquired by KeyStar Corp, might become Tennessee's 14th legal betting website if its application is authorized.

Dec. 19, 2022: BetMGM is named a main sports wagering partner of the Nashville Predators. The multi-year collaboration consists of a BetMGM-branded dining establishment and signage at Bridgestone Arena.
bit.ly
Dec. 15, 2022: November wagering translates to a brand-new Tennessee sportsbook betting record, as betting websites managed $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 big boost compared to August, as online sportsbooks created more than $336.9 million in bets.

Sept. 6, 2022: Hard Rock Sportsbook introduces in the state, ending up being TN's 11th active sportsbook.

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

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

April 27, 2022: SuperBook releases sportsbook operations in Tennessee.
bet9ja.com
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) approves 3 new mobile sportsbooks. When Bally Bet, Betly, and SuperBook launch online operations, TN will depend on 13 certified sportsbooks.

Feb. 17, 2022: Tennessee registers an all-time single-month record of $386 million in sports wagering handle 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 ended up being 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 earnings created by Tennessee-licensed sportsbooks continue, with near to $40 million in November.

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

Dec. 17, 2021: The Sports Wagering Advisory Council (SWAC) will assume sports betting regulatory 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 handle throughout the first 12 months.
bet9ja.com
October 2021: The Volunteer State recorded its largest-ever regular monthly deal with in September; Tennessee sits $40 million shy of hitting the $2 billion mark for 2021.
bet9ja.com
Oct. 21, 2021: Bally ends up being 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 wagering app, get sports betting wagering operating licenses from the Lottery.
bet9ja.com
August 2021: Caesars gets 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 very first online Tennessee sportsbooks go live, kicking off the state's legal online sports betting wagering market.

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) approves settled regulations, including a 10% hold required for all operators. All operators are subsequently allowed to start obtaining licenses.

Nov. 2019: The Sports Betting Advisory Council is assembled by Tennessee legislators. The council starts creating the first draft of Tennessee sports betting guidelines.

July 2019: The Tennessee Sports Gaming Act officially ends up being sports betting law.

May 2019: Gov. Bill Lee permits the bill to end up being law without his signature. Despite being morally opposed to betting in Tennessee, Lee thinks legalizing sports wagering is in the state's finest interest.

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