On July 1, 2019, the Tennessee Sports Gaming Act entered effect as Gov. Bill Lee agreed to allow the bill to become law without his signature. Gov. Lee vehemently opposed gambling however comprehended that legal online sports wagering remained in his state's benefit.
Review this timeline of Tennessee's sports gambling history for an overview 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 actually previously sent cease-and-desist letters to the online sportsbook's Curacao address.
Oct. 18, 2024: Bally Bet formally goes reside 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 fantasy expert after being suspended for sports betting formerly.
Sept. 12, 2024: Tennessee increases its sports betting handle and earnings in August thanks to the return of football.
July 23, 2024: A Tennessee guy wins $900K at Fanatic Sportsbook after correctly choosing the result of 4 2024 T-Mobile Crowning achievement Derby matchups.
July 22, 2024: SuperBook Sports pulls 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% 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 reduction.
Feb. 24, 2024: Tennessee's sports betting handle continues to fall in January, generating $467.4 million in wagers, which is a 5.5% MoM decrease.
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 wagering handle 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 wagering, introducing in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET plans to introduce on Nov. 14, 2023, with online sports wagering going live in 17 U.S. states, including Tennessee.
Aug. 11, 2023: WynnBET Tennessee announces the closure of its online sports wagering operation as soon as possible.
June 28, 2023: Tennessee will quickly tax sportsbooks based upon their wagering handle 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 approves modifications to Tennessee's sports wagering tax guideline.
May 1, 2023: Fanatics Sportsbook introduces its mobile app in Tennessee and Ohio.
April 27, 2023: Fanatics plans to release its sports betting app in Tennessee on Monday, May 1. Current Fanatics consumers will receive a special code to access the app.
April 25, 2023: Yahoo acquires Wagr, a social peer-to-peer sportsbook app founded in Nashville, TN.
April 21, 2023: Your home authorizes HB 1362, a modified version of the Senate's SB 0475. If signed by Gov. Bill Lee, Tennessee will end up being the very first state to tax sports betting operators on their overall manage. A 1.85% tax on sports wagering manage would replace the existing 20% tax on gross income.
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 wagering license in Tennessee. However, it has no particular launch date planned.
Feb. 24, 2023: Following a strong proving in December, Tennessee's sports betting handle fell in January by nearly 7%.
Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) approximates that Tennessee missed out on out on about $11 million in tax income in 2022 due to the fact that numerous operators - including Caesars, DraftKings, and BetMGM - stopped working to strike 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 website if its application is approved.
Dec. 19, 2022: BetMGM is called an official sports wagering partner of the Nashville Predators. The multi-year collaboration consists of a BetMGM-branded restaurant and signs at Bridgestone Arena.
Dec. 15, 2022: November wagering equates to a 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 deal with 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 wagering in September saw a big increase compared to August, as online sportsbooks generated more than $336.9 million in bets.
Sept. 6, 2022: Acid rock Sportsbook releases in the state, ending up being TN's 11th active sportsbook.
Aug. 16, 2022: Tennessee ends up being the 3rd state to release a Betly online sportsbook.
Aug. 3, 2022: Caesars Sportsbook becomes a main sports betting 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 wagering partner of the MLS' Nashville FC.
March 10, 2022: The Tennessee sports betting Wagering Advisory Council (SWAC) authorizes three brand-new mobile sportsbooks. When Bally Bet, Betly, and SuperBook launch online operations, TN will depend on 13 licensed sportsbooks.
Feb. 17, 2022: Tennessee registers an all-time single-month record of $386 million in sports betting handle for January.
Feb. 10, 2022: Fubo is approved as the 10th sportsbook for online betting in Tennessee. A launch date is not revealed.
Jan. 24, 2022: Wagr ended up being the very first peer-to-peer betting platform to receive a license in the U.S. and is the ninth legally certified sportsbook operator in Tennessee.
Jan. 4, 2022: Record earnings generated by Tennessee-licensed sportsbooks continue, with near to $40 million in November.
Jan. 1, 2022: SWAC takes over the policy of sports wagering from the Tennessee Education Lottery.
Dec. 17, 2021: The sports betting Wagering Advisory Council (SWAC) will assume sports wagering regulatory tasks in January following a handoff from TELC.
Nov. 17, 2021: Tennessee ends up being the fifth-fastest state to exceed $2 billion in bets, signing up $2.335 billion in sports betting manage during the first 12 months.
October 2021: The Volunteer State taped its largest-ever month-to-month manage in September; Tennessee sits $40 million shy of hitting the $2 billion mark for 2021.
Oct. 21, 2021: Bally ends up being a sports betting partner of the Nashville Predators.
Sept. 8, 2021: Barstool Sportsbook introduces in Tennessee.
September 2021: Barstool Sportsbook and Wagr, a social sports wagering app, get sports betting running licenses from the Tennessee Education Lottery.
August 2021: Caesars obtains William Hill, and consequently, the William Hill app is replaced 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 betting 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) approves settled policies, consisting of a 10% hold mandate for all operators. All operators are subsequently allowed to start looking for licenses.
Nov. 2019: The Sports Betting Advisory Council is assembled by Tennessee legislators. The council starts devising the first draft of Tennessee sports wagering regulations.
July 2019: The Tennessee sports betting Gaming Act formally becomes sports betting law.
May 2019: Gov. Bill Lee enables the costs to become law without his signature. Despite being ethically opposed to betting in Tennessee, Lee thinks legislating sports betting is in the state's finest interest.
Nov. 2018: Rep. Rick Staples presents a bipartisan costs to legislate Tennessee sports wagering.
