On July 1, 2019, the Tennessee Sports Gaming Act entered into effect as Gov. Bill Lee agreed to permit the bill to become law without his signature. Gov. Lee vehemently opposed gambling but comprehended that legal online sports betting was in his state's best interest.
Review this timeline of Tennessee's sports betting gambling history for a summary of its turning points:
Dec. 12, 2024: Tennessee earns a record-breaking $591 million handle in November, surpassing the state's previous high by $47 million.
Nov. 14, 2024: Tennessee sports wagerers 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 wagering business as a fantasy professional after being suspended for sports betting previously.
Sept. 12, 2024: Tennessee increases its sports betting manage and revenue in August thanks to the return of football.
July 23, 2024: A Tennessee male wins $900K at Fanatic Sportsbook after correctly choosing the outcome of 4 2024 T-Mobile Home Run 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 betting handle falls below $400 million in February - an 18.6% month-over-month reduction.
Feb. 24, 2024: Tennessee's sports wagering handle continues to fall in January, generating $467.4 million in wagers, which is a 5.5% MoM reduction.
Jan. 25, 2024: PrizePicks includes a brand-new peer-to-peer video game in Tennessee and three other U.S. states - PrizePicks Arena.
Jan. 17, 2024: Tennessee's sports betting wagering handle drops listed below $500 million in December, which is a 4.2% drop from November.
Nov. 14, 2023: ESPN BET goes cope with online and mobile sports wagering, introducing in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET prepares 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 announces the closure of its online sports betting wagering 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 changes 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 introduce its sports betting app in Tennessee on Monday, May 1. Current Fanatics consumers will receive 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: Your house approves HB 1362, a modified version 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 deal with. A 1.85% tax on sports betting deal with would change the current 20% tax on gross profits.
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 specific launch date planned.
Feb. 24, 2023: Following a strong showing in December, Tennessee's sports wagering deal with fell in January by nearly 7%.
Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) estimates that Tennessee missed out on about $11 million in tax revenue in 2022 due to the fact that multiple operators - consisting of Caesars, DraftKings, and BetMGM - failed to strike the state's 10% hold guideline.
Feb. 13, 2023: ZenSports, recently acquired by KeyStar Corp, could end up being Tennessee's 14th legal wagering website if its application is approved.
Dec. 19, 2022: BetMGM is called a main sports betting partner of the Nashville Predators. The multi-year collaboration includes a BetMGM-branded dining establishment and signage at Bridgestone Arena.
Dec. 15, 2022: November betting equates to a brand-new Tennessee sportsbook wagering record, as betting websites handled $439.5 million in wagers.
Nov. 11, 2022: Tennessee sports wagering 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 approves license renewals for BetMGM, DraftKings, FanDuel, and Action 24/7.
Oct. 18, 2022: Tennessee sports betting 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 introduces 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 ends up being an official 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 betting 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 depend on 13 certified sportsbooks.
Feb. 17, 2022: Tennessee registers an all-time single-month record of $386 million in sports betting manage for January.
Feb. 10, 2022: Fubo is authorized as the 10th sportsbook for online wagering in Tennessee. A launch date is not revealed.
Jan. 24, 2022: Wagr ended up being the first peer-to-peer wagering platform to get a license in the U.S. and is the ninth legally licensed sportsbook operator in Tennessee.
Jan. 4, 2022: Record profits produced by Tennessee-licensed sportsbooks continue, with near 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 regulatory tasks in January following a handoff from TELC.
Nov. 17, 2021: Tennessee ends up being the fifth-fastest state to go beyond $2 billion in bets, registering $2.335 billion in sports betting wagering deal with during the first 12 months.
October 2021: The Volunteer State tape-recorded its largest-ever regular monthly handle 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 releases in Tennessee.
September 2021: Barstool Sportsbook and Wagr, a social sports betting app, get sports wagering running licenses from the Tennessee Education Lottery.
August 2021: Caesars obtains 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 market.
September 2020: TELC approves 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 regulations, consisting of a 10% hold required for all operators. All operators are consequently permitted to start obtaining licenses.
Nov. 2019: The Sports Betting Advisory Council is assembled by Tennessee legislators. The council starts creating the first draft of Tennessee sports wagering guidelines.
July 2019: The Tennessee Sports Gaming Act formally ends up being sports betting law.
May 2019: Gov. Bill Lee allows the costs to end up being law without his signature. Despite being ethically opposed to betting in Tennessee, Lee thinks legislating sports betting remains in the state's benefit.
Nov. 2018: Rep. Rick Staples presents a bipartisan bill to legislate Tennessee sports betting.
