On July 1, 2019, the Tennessee Sports Gaming Act entered into effect as Gov. Bill Lee agreed to permit the costs to become law without his signature. Gov. Lee vehemently opposed betting but comprehended that legal online sports betting remained in his state's best interest.
Review this timeline of Tennessee's sports gambling history for an overview of its milestones:
Dec. 12, 2024: Tennessee makes a record-breaking $591 million handle in November, surpassing 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 betting Wagering Council (SWC) had 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 joins a sports betting company as a dream expert after being suspended for sports betting formerly.
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 properly selecting the result of 4 2024 T-Mobile Home Run Derby matchups.
July 22, 2024: SuperBook Sports pulls out of eight post-PASPA states, consisting of Tennessee.
July 12, 2024: Tennessee's SWAC releases June sports wagering 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 betting manage continues to fall in January, bringing in $467.4 million in wagers, which is a 5.5% MoM reduction.
Jan. 25, 2024: PrizePicks adds a new peer-to-peer game in Tennessee and 3 other U.S. states - PrizePicks Arena.
Jan. 17, 2024: Tennessee's sports wagering handle 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 plans 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 reveals the closure of its online sports betting operation as soon as possible.
June 28, 2023: Tennessee will quickly tax sportsbooks based on their betting deal with 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 rule.
May 1, 2023: Fanatics Sportsbook releases its mobile app in Tennessee and Ohio.
April 27, 2023: Fanatics prepares to release its sports wagering app in Tennessee on Monday, May 1. Current Fanatics clients will receive a distinct code to access the app.
April 25, 2023: Yahoo obtains Wagr, a social peer-to-peer sportsbook app established in Nashville, TN.
April 21, 2023: The House authorizes HB 1362, an amended 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 overall manage. A 1.85% tax on sports betting deal with would change the existing 20% tax on gross profits.
April 19, 2023: Tennessee sportsbooks take in $392.6 million in sports betting 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 particular launch date planned.
Feb. 24, 2023: Following a strong proving in December, Tennessee's sports betting handle fell in January by almost 7%.
Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) approximates that Tennessee lost out on about $11 million in tax income in 2022 since numerous operators - consisting of Caesars, DraftKings, and BetMGM - stopped working to hit the state's 10% hold rule.
Feb. 13, 2023: ZenSports, just recently gotten by KeyStar Corp, could become Tennessee's 14th legal wagering site if its application is authorized.
Dec. 19, 2022: BetMGM is named a main sports betting partner of the Nashville Predators. The multi-year collaboration consists of a BetMGM-branded dining establishment and signs at Bridgestone Arena.
Dec. 15, 2022: November betting equates to a new Tennessee sportsbook wagering record, as wagering sites 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 wagering in September saw a big increase compared to August, as online sportsbooks produced more than $336.9 million in bets.
Sept. 6, 2022: Acid rock Sportsbook launches in the state, becoming TN's 11th active sportsbook.
Aug. 16, 2022: Tennessee ends up being the third 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, becomes the main 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 signs up an all-time single-month record of $386 million in sports wagering handle 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 very first peer-to-peer wagering platform to receive a license in the U.S. and is the ninth lawfully certified sportsbook operator in Tennessee.
Jan. 4, 2022: Record profits generated by Tennessee-licensed sportsbooks continue, with near to $40 million in November.
Jan. 1, 2022: SWAC takes over the policy of sports betting wagering 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 throughout the first 12 months.
October 2021: The Volunteer State recorded its largest-ever monthly handle in September; Tennessee sits $40 million shy of striking the $2 billion mark for 2021.
Oct. 21, 2021: Bally becomes a sports betting wagering partner of the Nashville Predators.
Sept. 8, 2021: Barstool Sportsbook introduces 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 acquires William Hill, and subsequently, 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 very first online Tennessee sportsbooks go live, kicking off the state's legal online sports wagering 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 completed regulations, consisting of a 10% hold mandate for all operators. All operators are consequently allowed to begin making an application for licenses.
Nov. 2019: The Sports Betting Advisory Council is assembled by Tennessee legislators. The council begins developing the first draft of Tennessee sports wagering regulations.
July 2019: The Tennessee sports betting Gaming Act formally becomes sports wagering law.
May 2019: Gov. Bill Lee allows the bill to end up being law without his signature. Despite being ethically opposed to betting in Tennessee, Lee thinks legalizing sports betting wagering is in the state's benefit.
Nov. 2018: Rep. Rick Staples introduces a bipartisan costs to legislate Tennessee sports wagering.
