On July 1, 2019, the Tennessee Sports Gaming Act entered into impact as Gov. Bill Lee accepted allow the expense to end up being law without his signature. Gov. Lee emphatically opposed gambling but understood that legal online sports wagering was in his state's best 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 handle in November, going beyond the state's previous high by $47 million.
Nov. 14, 2024: Tennessee sports bettors 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 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: Tennessee Titans' Nicholas Petit-Frere joins a sports wagering company as a dream professional after being suspended for sports betting gambling formerly.
Sept. 12, 2024: Tennessee increases its sports wagering manage and revenue in August thanks to the return of football.
July 23, 2024: A Tennessee guy wins $900K at Fanatic Sportsbook after correctly picking the outcome of 4 2024 T-Mobile Home Run Derby matches.
July 22, 2024: SuperBook Sports takes out of 8 post-PASPA states, including Tennessee.
July 12, 2024: Tennessee's SWAC releases June sports wagering numbers. With a $344.8 million handle, TN sportsbooks see a 49% increase 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, bringing in $467.4 million in wagers, which is a 5.5% MoM decline.
Jan. 25, 2024: PrizePicks adds a brand-new peer-to-peer video game in Tennessee and 3 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 wagering, 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 reveals the closure of its online sports betting operation as soon as possible.
June 28, 2023: Tennessee will soon tax sportsbooks based upon their betting deal with rather of their income.
June 13, 2023: ZenSports launches in Tennessee, making it the thirteenth mobile operator in the state.
May 18, 2023: Gov. Bill Lee authorizes changes to Tennessee's sports betting tax rule.
May 1, 2023: Fanatics Sportsbook releases its mobile app in Tennessee and Ohio.
April 27, 2023: Fanatics plans to launch its sports betting app in Tennessee on Monday, May 1. Current Fanatics consumers will get an unique code to access the app.
April 25, 2023: Yahoo acquires Wagr, a social peer-to-peer sportsbook app established in Nashville, TN.
April 21, 2023: Your home approves HB 1362, an amended variation of the Senate's SB 0475. If signed by Gov. Bill Lee, Tennessee will become the very first state to tax sports wagering operators on their total manage. A 1.85% tax on sports betting manage would replace the current 20% tax on gross revenue.
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 prepared.
Feb. 24, 2023: Following a strong proving in December, Tennessee's sports wagering manage 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 income in 2022 since numerous operators - including Caesars, DraftKings, and BetMGM - stopped working to hit the state's 10% hold rule.
Feb. 13, 2023: ZenSports, just recently obtained by KeyStar Corp, could become Tennessee's 14th legal betting website if its application is approved.
Dec. 19, 2022: BetMGM is called a main sports betting partner of the Nashville Predators. The multi-year partnership includes a BetMGM-branded restaurant and signs at Bridgestone Arena.
Dec. 15, 2022: November betting translates to a brand-new Tennessee sportsbook wagering record, as wagering sites 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 handle of $405.3 million.
Oct. 24, 2022: Tennessee's sports betting 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 generated more than $336.9 million in bets.
Sept. 6, 2022: Hard Rock Sportsbook releases in the state, becoming TN's 11th active sportsbook.
Aug. 16, 2022: Tennessee becomes the 3rd state to launch a Betly online sportsbook.
Aug. 3, 2022: Caesars Sportsbook becomes 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, becomes the official sports betting 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 depend on 13 certified sportsbooks.
Feb. 17, 2022: Tennessee signs up an all-time single-month record of $386 million in sports betting deal with for January.
Feb. 10, 2022: Fubo is approved as the 10th sportsbook for online betting in Tennessee. A launch date is not announced.
Jan. 24, 2022: Wagr ended up being the very first peer-to-peer wagering platform to receive a license in the U.S. and is the ninth lawfully licensed sportsbook operator in Tennessee.
Jan. 4, 2022: Record incomes produced by Tennessee-licensed sportsbooks continue, with near $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 betting Wagering Advisory Council (SWAC) will presume sports wagering regulatory duties in January following a handoff from TELC.
Nov. 17, 2021: Tennessee becomes the fifth-fastest state to surpass $2 billion in bets, registering $2.335 billion in sports betting handle during the very first 12 months.
October 2021: The Volunteer State taped its largest-ever monthly deal with 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 releases in Tennessee.
September 2021: Barstool Sportsbook and Wagr, a social sports wagering app, receive sports wagering operating licenses from the Tennessee Education Lottery.
August 2021: Caesars obtains 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, beginning the state's legal online sports wagering market.
September 2020: TELC authorizes its very first 3 sportsbook operators: DraftKings, FanDuel, and BetMGM.
April 2020: After months of criticisms and revisions, the Tennessee Education Lottery Corporation (TELC) authorizes settled policies, consisting of a 10% hold required for all operators. All operators are consequently permitted to begin obtaining licenses.
Nov. 2019: The Sports Betting Advisory Council is put together by Tennessee legislators. The council begins developing the first draft of Tennessee sports betting policies.
July 2019: The Tennessee Sports Gaming Act officially ends up being sports wagering law.
May 2019: Gov. Bill Lee enables the expense to become law without his signature. Despite being morally opposed to betting in Tennessee, Lee believes legalizing sports betting is in the state's benefit.
Nov. 2018: Rep. Rick Staples presents a bipartisan costs to legislate Tennessee sports betting.
