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On July 1, 2019, the Tennessee Sports Gaming Act entered into impact as Gov. Bill Lee accepted permit the expense to end up being law without his signature. Gov. Lee emphatically opposed gambling but understood that legal online sports betting remained in his state's finest interest.
Review this timeline of Tennessee's sports betting history for a summary of its turning points:
Dec. 12, 2024: Tennessee earns a record-breaking $591 million manage in November, going beyond the state's previous high by $47 million.
Nov. 14, 2024: Tennessee sports gamblers wager 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 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 company as a fantasy expert after being suspended for sports gambling previously.
Sept. 12, 2024: Tennessee increases its sports betting deal with and revenue in August thanks to the return of football.
July 23, 2024: A Tennessee man wins $900K at Fanatic Sportsbook after correctly selecting the outcome of 4 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 manage, TN sportsbooks see a 49% increase in year-over-year action.
March 12, 2024: Tennessee's sports wagering handle falls below $400 million in February - an 18.6% month-over-month decline.
Feb. 24, 2024: Tennessee's sports wagering manage continues to fall in January, generating $467.4 million in wagers, which is a 5.5% MoM decline.
Jan. 25, 2024: PrizePicks adds a new peer-to-peer game in Tennessee and three other U.S. states - PrizePicks Arena.
Jan. 17, 2024: Tennessee's sports wagering manage drops listed 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 wagering, introducing in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET prepares to release on Nov. 14, 2023, with online sports wagering going reside in 17 U.S. states, including Tennessee.
Aug. 11, 2023: WynnBET Tennessee reveals the closure of its online sports betting operation as quickly as possible.
June 28, 2023: Tennessee will quickly tax sportsbooks based on their betting handle 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 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 wagering app in Tennessee on Monday, May 1. Current Fanatics customers will get a distinct code to access the app.
April 25, 2023: Yahoo obtains Wagr, a social peer-to-peer sportsbook app founded in Nashville, TN.
April 21, 2023: Your house approves HB 1362, a changed version of the Senate's SB 0475. If signed by Gov. Bill Lee, Tennessee will become the first state to tax sports wagering operators on their total manage. A 1.85% tax on sports wagering manage would change the existing 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 handle.
March 1, 2023: Fanatics receives its mobile sports betting license in Tennessee. However, it has no specific launch date planned.
Feb. 24, 2023: Following a strong showing in December, Tennessee's sports betting 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 profits in 2022 because multiple operators - including Caesars, DraftKings, and BetMGM - stopped working to hit the state's 10% hold guideline.
Feb. 13, 2023: ZenSports, just recently gotten by KeyStar Corp, might end up being Tennessee's 14th legal betting site if its application is authorized.
Dec. 19, 2022: BetMGM is named an official sports betting partner of the Nashville Predators. The multi-year collaboration consists of a BetMGM-branded dining establishment and signage at Bridgestone Arena.
Dec. 15, 2022: November wagering translates to a brand-new Tennessee sportsbook betting record, as wagering sites handled $439.5 million in wagers.
Nov. 11, 2022: Tennessee sports betting hits a record high in October, as the state records an 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 wagering in September saw a big boost compared to August, as online sportsbooks created more than $336.9 million in bets.
Sept. 6, 2022: Acid rock Sportsbook introduces in the state, becoming 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 becomes a main sports betting partner of the Memphis Grizzlies.
April 27, 2022: SuperBook releases 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 3 new mobile sportsbooks. When Bally Bet, Betly, and SuperBook launch online operations, TN will be up to 13 licensed sportsbooks.
Feb. 17, 2022: Tennessee signs up an all-time single-month record of $386 million in sports betting manage for January.
Feb. 10, 2022: Fubo is approved as the 10th sportsbook for online wagering in Tennessee. A launch date is not announced.
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Jan. 24, 2022: Wagr ended up being the very first peer-to-peer wagering platform to get a license in the U.S. and is the ninth lawfully certified 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 over the regulation of sports wagering from the Tennessee Education Lottery.
Dec. 17, 2021: The Sports Wagering Advisory Council (SWAC) will presume sports betting regulative responsibilities in January following a handoff from TELC.
Nov. 17, 2021: Tennessee ends up being 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 regular monthly handle in September
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