On July 1, 2019, the Tennessee Sports Gaming Act entered impact as Gov. Bill Lee accepted permit the expense to end up being law without his signature. Gov. Lee emphatically opposed gambling but comprehended that legal online sports betting remained in his state's benefit.
Review this timeline of Tennessee's sports betting history for an overview of its milestones:
Dec. 12, 2024: Tennessee earns a record-breaking $591 million handle in November, exceeding 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 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 betting company as a dream expert after being suspended for sports betting gambling previously.
Sept. 12, 2024: Tennessee increases its sports betting manage and income in August thanks to the return of football.
July 23, 2024: A Tennessee man wins $900K at Fanatic Sportsbook after correctly selecting the result of 4 2024 T-Mobile Home Run 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% increase 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 wagering handle continues to fall in January, bringing in $467.4 million in wagers, which is a 5.5% MoM decline.
Jan. 25, 2024: PrizePicks includes 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 deal with online and mobile sports betting, introducing in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET prepares to release on Nov. 14, 2023, with online sports betting going live in 17 U.S. states, including Tennessee.
Aug. 11, 2023: WynnBET Tennessee reveals the closure of its online sports betting wagering operation as soon as possible.
June 28, 2023: Tennessee will quickly tax sportsbooks based upon their betting deal with 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 tax guideline.
May 1, 2023: Fanatics Sportsbook launches its mobile app in Tennessee and Ohio.
April 27, 2023: Fanatics prepares to introduce its sports betting app in Tennessee on Monday, May 1. Current Fanatics customers will get a distinct 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, an amended 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 handle would replace the current 20% tax on gross earnings.
April 19, 2023: Tennessee sportsbooks take in $392.6 million in sports bets in March - a 20% bump from the state's February manage.
March 1, 2023: Fanatics gets 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 almost 7%.
Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) estimates that Tennessee missed out on out on about $11 million in tax income in 2022 because several 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 site if its application is authorized.
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 signage at Bridgestone Arena.
Dec. 15, 2022: November wagering translates to a 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 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 generated 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 ends up being the third state to launch a Betly online sportsbook.
Aug. 3, 2022: Caesars Sportsbook ends up being a main sports wagering partner of the Memphis Grizzlies.
April 27, 2022: SuperBook launches sportsbook operations in Tennessee.
April 14, 2022: Wagr, a Tennessee-based sportsbook, ends up being the official 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 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 wagering 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 first peer-to-peer wagering platform to receive a license in the U.S. and is the ninth legally certified sportsbook operator in Tennessee.
Jan. 4, 2022: Record earnings created by Tennessee-licensed sportsbooks continue, with close to $40 million in November.
Jan. 1, 2022: SWAC takes over the guideline of sports betting from the Tennessee Education Lottery.
Dec. 17, 2021: The sports betting Wagering Advisory Council (SWAC) will presume sports wagering regulatory responsibilities in January following a handoff from TELC.
Nov. 17, 2021: Tennessee becomes the fifth-fastest state to go beyond $2 billion in bets, signing up $2.335 billion in sports betting manage during the first 12 months.
October 2021: The Volunteer State tape-recorded its largest-ever regular monthly deal with in September; Tennessee sits $40 million shy of hitting the $2 billion mark for 2021.
Oct. 21, 2021: Bally becomes 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, receive sports wagering operating licenses from the Tennessee Education Lottery.
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 first online Tennessee sportsbooks go live, beginning the state's legal online sports betting industry.
September 2020: TELC authorizes 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 completed guidelines, including a 10% hold mandate for all operators. All operators are consequently permitted to start obtaining licenses.
Nov. 2019: The Sports Betting Advisory Council is put together by Tennessee legislators. The council starts devising the first draft of Tennessee sports wagering guidelines.
July 2019: The Tennessee Sports Gaming Act officially becomes sports wagering law.
May 2019: Gov. Bill Lee enables the costs to end up being law without his signature. Despite being morally opposed to betting in Tennessee, Lee believes legislating sports betting is in the state's benefit.
Nov. 2018: Rep. Rick Staples presents a bipartisan expense to legislate Tennessee sports betting.
