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On July 1, 2019, the Tennessee sports betting Gaming Act entered into result as Gov. Bill Lee agreed to enable the expense to become law without his signature. Gov. Lee emphatically opposed betting however 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 earns a record-breaking $591 million deal with in November, exceeding 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 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 signs up with a sports betting business as a dream specialist after being suspended for sports gambling formerly.
Sept. 12, 2024: Tennessee increases its sports betting deal with and profits in August thanks to the return of football.
July 23, 2024: A Tennessee man wins $900K at Fanatic Sportsbook after properly choosing the outcome of 4 2024 T-Mobile Crowning achievement Derby matches.
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July 22, 2024: SuperBook sports betting pulls out of eight post-PASPA states, including Tennessee.
July 12, 2024: Tennessee's SWAC releases June sports wagering 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 handle falls listed below $400 million in February - an 18.6% month-over-month decrease.
Feb. 24, 2024: Tennessee's sports wagering manage 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 game in Tennessee and three 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 live with online and mobile sports betting wagering, launching in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET plans to introduce on Nov. 14, 2023, with online sports betting 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 soon as possible.
June 28, 2023: Tennessee will quickly tax sportsbooks based upon their wagering manage instead 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 approves changes to Tennessee's sports betting tax rule.
May 1, 2023: Fanatics Sportsbook launches its mobile app in Tennessee and Ohio.
April 27, 2023: Fanatics plans to launch its sports betting wagering app in Tennessee on Monday, May 1. Current Fanatics customers will get a special code to access the app.
April 25, 2023: Yahoo gets Wagr, a social peer-to-peer sportsbook app established in Nashville, TN.
April 21, 2023: The House authorizes HB 1362, a modified variation of the Senate's SB 0475. If signed by Gov. Bill Lee, Tennessee will end up being the first state to tax sports betting operators on their overall deal with. A 1.85% tax on sports betting wagering deal with would replace the present 20% tax on gross revenue.
April 19, 2023: Tennessee sportsbooks take in $392.6 million in in March - a 20% bump from the state's February handle.
March 1, 2023: Fanatics gets its mobile sports betting license in Tennessee. However, it has no particular launch date planned.
Feb. 24, 2023: Following a strong proving in December, Tennessee's sports wagering manage fell in January by almost 7%.
Feb. 15, 2023: The sports betting Wagering Advisory Council (SWAC) estimates that Tennessee missed out on about $11 million in tax profits in 2022 because multiple operators - consisting of Caesars, DraftKings, and BetMGM - failed 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 site if its application is approved.
Dec. 19, 2022: BetMGM is named an official sports wagering partner of the Nashville Predators. The multi-year partnership includes a BetMGM-branded restaurant and signs at Bridgestone Arena.
Dec. 15, 2022: November betting equates to a new Tennessee sportsbook betting record, as betting websites dealt with $439.5 million in wagers.
Nov. 11, 2022: Tennessee sports betting wagering strikes a record high in October, as the state records an all-time manage of $405.3 million.
Oct. 24, 2022: Tennessee's sports betting regulator approves 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 created more than $336.9 million in bets.
Sept. 6, 2022: Acid 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 wagering partner of the Memphis Grizzlies.
April 27, 2022: SuperBook introduces sportsbook operations in Tennessee.
April 14, 2022: Wagr, a Tennessee-based sportsbook, becomes the main sports wagering partner of the MLS' Nashville FC.
March 10, 2022: The Tennessee Sports Wagering Advisory Council (SWAC) authorizes three new mobile sportsbooks. When Bally Bet, Betly, and SuperBook launch online operations, TN will be up to 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 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 receive a license in the U.S. and is the ninth legally certified sportsbook operator in Tennessee.
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Jan. 4, 2022: Record revenues created by Tennessee-licensed sportsbooks continue, with close to $40 million in November.
Jan. 1, 2022: SWAC takes over the policy of sports betting from the Tennessee Education Lottery.
Dec. 17, 2021: The Sports Wagering Advisory Council (SWAC) will assume sports betting wagering regulatory tasks in January following a handoff from TELC.
Nov. 17, 2021: Tennessee becomes the fifth-fastest state to surpass $2 billion in bets, signing up $2.335 billion in sports betting deal with during the first 12 months.
October 2021: The Volunteer State tape-recorded its largest-ever regular monthly manage in September
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Tennessee Sports Betting: Top 4 Legal Betting Sites in 2024
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