On July 1, 2019, the Tennessee Sports Gaming Act entered effect as Gov. Bill Lee consented to allow the expense to become law without his signature. Gov. Lee emphatically opposed gambling but understood that legal online sports wagering remained in his state's benefit.
Review this timeline of Tennessee's sports betting gambling history for a summary 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 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 formerly sent out 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 professional after being suspended for sports betting formerly.
Sept. 12, 2024: Tennessee increases its sports wagering manage and revenue in August thanks to the return of football.
July 23, 2024: A Tennessee male wins $900K at Fanatic Sportsbook after properly choosing the outcome of 4 2024 T-Mobile Crowning achievement Derby matches.
July 22, 2024: SuperBook sports betting takes out of 8 post-PASPA states, including Tennessee.
July 12, 2024: Tennessee's SWAC releases June sports wagering 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 listed 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 3 other U.S. states - PrizePicks Arena.
Jan. 17, 2024: Tennessee's sports betting 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 betting, introducing in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET plans to release 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 betting operation as quickly as possible.
June 28, 2023: Tennessee will soon tax sportsbooks based upon their betting manage rather 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 authorizes changes to Tennessee's sports betting wagering tax guideline.
May 1, 2023: Fanatics Sportsbook launches its mobile app in Tennessee and Ohio.
April 27, 2023: Fanatics plans to release its sports wagering app in Tennessee on Monday, May 1. Current Fanatics clients will get an unique 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 end up being the very first state to tax sports betting wagering operators on their overall handle. A 1.85% tax on sports betting wagering deal with would change the current 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 gets its mobile sports betting license in Tennessee. However, it has no specific launch date prepared.
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 lost out on about $11 million in tax earnings in 2022 due to the fact that numerous operators - including Caesars, DraftKings, and BetMGM - stopped working to hit the state's 10% hold rule.
Feb. 13, 2023: ZenSports, recently obtained by KeyStar Corp, could end up being Tennessee's 14th legal betting website if its application is authorized.
Dec. 19, 2022: BetMGM is called an official sports betting wagering partner of the Nashville Predators. The multi-year partnership includes a BetMGM-branded restaurant and signage at Bridgestone Arena.
Dec. 15, 2022: November betting equates to a brand-new Tennessee sportsbook betting record, as wagering websites handled $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 betting 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 launches 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 ends up being a main sports wagering 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) approves 3 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 wagering 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 became the very first peer-to-peer betting platform to receive a license in the U.S. and is the ninth lawfully 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 regulation of sports betting from the Tennessee Education Lottery.
Dec. 17, 2021: The Sports Wagering Advisory Council (SWAC) will assume sports betting regulative tasks in January following a handoff from TELC.
Nov. 17, 2021: Tennessee becomes the fifth-fastest state to exceed $2 billion in bets, signing up $2.335 billion in sports betting deal with during the first 12 months.
October 2021: The Volunteer State recorded its largest-ever month-to-month manage 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 launches 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 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 three sportsbook operators: DraftKings, FanDuel, and BetMGM.
April 2020: After months of criticisms and modifications, the Tennessee Education Lottery Corporation (TELC) approves finalized policies, consisting of a 10% hold mandate for all operators. All operators are subsequently permitted to begin looking for licenses.
Nov. 2019: The Sports Betting Advisory Council is assembled by Tennessee legislators. The council starts creating the very first draft of Tennessee sports betting regulations.
July 2019: The Tennessee sports betting Gaming Act officially becomes sports betting law.
May 2019: Gov. Bill Lee allows the expense to become law without his signature. Despite being ethically opposed to betting in Tennessee, Lee believes legislating sports wagering remains in the state's benefit.
Nov. 2018: Rep. Rick Staples introduces a bipartisan bill to legalize Tennessee sports betting.