Tennessee Sports Betting: Top 4 Legal Betting Sites in 2024

On July 1, 2019, the Tennessee Sports Gaming Act came into result as Gov. Bill Lee concurred to permit the bill to end up being law without his signature. Gov. Lee vehemently opposed betting but understood that legal online sports wagering remained in his state's best 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 deal with in November, going beyond 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 formerly 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 wagering company as a fantasy professional after being suspended for sports betting formerly.

Sept. 12, 2024: Tennessee increases its sports betting deal with and earnings 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 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 handle, TN sportsbooks see a 49% boost in year-over-year action.

March 12, 2024: Tennessee's sports betting wagering deal with falls below $400 million in February - an 18.6% month-over-month decline.

Feb. 24, 2024: Tennessee's sports wagering deal with 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 game in Tennessee and 3 other U.S. states - PrizePicks Arena.

Jan. 17, 2024: Tennessee's sports wagering manage drops 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 betting, releasing in Tennessee and 16 other states.

Nov. 2, 2023: ESPN BET prepares to launch on Nov. 14, 2023, with online sports wagering going live in 17 U.S. states, consisting of 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 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 betting tax rule.

May 1, 2023: Fanatics Sportsbook releases its mobile app in Tennessee and Ohio.

April 27, 2023: Fanatics plans to launch its sports betting wagering app in Tennessee on Monday, May 1. Current Fanatics consumers will receive an unique 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: The House approves HB 1362, a modified 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 overall deal with. A 1.85% tax on sports wagering manage would replace the existing 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 deal with.

March 1, 2023: Fanatics gets its mobile sports betting license in Tennessee. However, it has no particular launch date prepared.

Feb. 24, 2023: Following a strong showing in December, Tennessee's sports betting deal with 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 profits in 2022 due to the fact that numerous operators - including Caesars, DraftKings, and BetMGM - stopped working to strike 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 an official sports wagering partner of the Nashville Predators. The multi-year partnership includes a BetMGM-branded dining establishment and signs at Bridgestone Arena.

Dec. 15, 2022: November betting equates to a brand-new Tennessee sportsbook wagering record, as betting websites dealt with $439.5 million in wagers.

Nov. 11, 2022: Tennessee sports betting hits a record high in October, as the state records an all-time manage 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 produced more than $336.9 million in bets.

Sept. 6, 2022: Hard 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 ends up being an official sports betting partner of the Memphis Grizzlies.

April 27, 2022: SuperBook introduces sportsbook operations in Tennessee.

April 14, 2022: Wagr, a Tennessee-based sportsbook, ends up being 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 be up to 13 certified sportsbooks.

Feb. 17, 2022: Tennessee registers an all-time single-month record of $386 million in sports betting deal with for January.

Feb. 10, 2022: Fubo is approved as the 10th sportsbook for online wagering in Tennessee. A launch date is not announced.

Jan. 24, 2022: Wagr ended up being the first peer-to-peer betting platform to get a license in the U.S. and is the ninth legally licensed sportsbook operator in Tennessee.

Jan. 4, 2022: Record earnings generated by Tennessee-licensed sportsbooks continue, with close to $40 million in November.

Jan. 1, 2022: SWAC takes control of the regulation of sports betting from the Tennessee Education Lottery.

Dec. 17, 2021: The Sports Wagering Advisory Council (SWAC) will presume sports wagering 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, signing up $2.335 billion in sports betting wagering handle during the very first 12 months.

October 2021: The Volunteer State recorded its largest-ever month-to-month deal with in September; Tennessee sits $40 million shy of the $2 billion mark for 2021.

Oct. 21, 2021: Bally becomes 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 betting app, receive sports wagering running licenses from the Tennessee Education Lottery.

August 2021: Caesars obtains William Hill, and subsequently, 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 first online Tennessee sportsbooks go live, kicking off the state's legal online sports betting industry.

September 2020: TELC authorizes its first three sportsbook operators: DraftKings, FanDuel, and BetMGM.

April 2020: After months of criticisms and modifications, the Tennessee Education Lottery Corporation (TELC) approves completed regulations, consisting of a 10% hold mandate for all operators. All operators are subsequently permitted to start requesting licenses.

Nov. 2019: The Sports Betting Advisory Council is assembled by Tennessee legislators. The council starts creating the initial draft of Tennessee sports betting regulations.

July 2019: The Tennessee Sports Gaming Act officially becomes sports wagering law.

May 2019: Gov. Bill Lee enables the costs to end up being law without his signature. Despite being ethically opposed to betting in Tennessee, Lee thinks legalizing sports betting remains in the state's benefit.

Nov. 2018: Rep. Rick Staples introduces a bipartisan bill to legislate Tennessee sports wagering.