On July 1, 2019, the Tennessee Sports Gaming Act came into effect as Gov. Bill Lee accepted permit the bill to become law without his signature. Gov. Lee emphatically opposed betting however comprehended that legal online sports betting remained in his state's best interest.
Review this timeline of Tennessee's sports gambling history for a summary of its turning points:
Dec. 12, 2024: Tennessee earns a record-breaking $591 million handle in November, exceeding the state's previous high by $47 million.
Nov. 14, 2024: Tennessee sports wagerers wager 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 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 joins a sports wagering company as a dream professional after being suspended for sports gambling formerly.
Sept. 12, 2024: Tennessee increases its sports betting handle and income in August thanks to the return of football.
July 23, 2024: A Tennessee male wins $900K at Fanatic Sportsbook after correctly selecting the result of four 2024 T-Mobile Home Run Derby matchups.
July 22, 2024: SuperBook Sports takes 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% boost in year-over-year action.
March 12, 2024: Tennessee's sports wagering handle 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, 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 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 cope with online and mobile sports wagering, introducing in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET prepares to introduce 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 operation as quickly as possible.
June 28, 2023: Tennessee will soon tax sportsbooks based upon their wagering deal with rather of their profits.
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 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 customers will get an unique code to access the app.
April 25, 2023: Yahoo obtains Wagr, a social peer-to-peer sportsbook app founded in Nashville, TN.
April 21, 2023: Your home approves 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 wagering operators on their overall manage. A 1.85% tax on sports wagering handle would change 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 deal with.
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 proving in December, Tennessee's sports betting deal with fell in January by almost 7%.
Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) approximates that Tennessee missed out on about $11 million in tax revenue in 2022 because numerous operators - consisting of Caesars, DraftKings, and BetMGM - stopped working to strike the state's 10% hold rule.
Feb. 13, 2023: ZenSports, recently gotten by KeyStar Corp, might end up being Tennessee's 14th legal wagering site if its application is authorized.
Dec. 19, 2022: BetMGM is called a main sports wagering partner of the Nashville Predators. The multi-year collaboration consists of a BetMGM-branded restaurant and signage at Bridgestone Arena.
Dec. 15, 2022: November wagering translates to a brand-new Tennessee sportsbook wagering record, as wagering sites handled $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 handle 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 in September saw a huge increase compared to August, as online sportsbooks generated more than $336.9 million in bets.
Sept. 6, 2022: Hard Rock Sportsbook launches in the state, ending up being TN's 11th active sportsbook.
Aug. 16, 2022: Tennessee ends up being the third state to launch a Betly online sportsbook.
Aug. 3, 2022: Caesars Sportsbook becomes 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) 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 signs up an all-time single-month record of $386 million in sports betting wagering 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 wagering platform to get a license in the U.S. and is the ninth lawfully certified sportsbook operator in Tennessee.
Jan. 4, 2022: Record revenues produced by Tennessee-licensed sportsbooks continue, with near $40 million in November.
Jan. 1, 2022: SWAC takes control of the policy 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 becomes the fifth-fastest state to go beyond $2 billion in bets, registering $2.335 billion in sports wagering manage during the first 12 months.
October 2021: The Volunteer State taped its largest-ever regular monthly 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 betting app, receive sports betting operating licenses from the Tennessee Education Lottery.
August 2021: Caesars acquires 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 very first online Tennessee sportsbooks go live, beginning the state's legal online sports betting market.
September 2020: TELC authorizes its very first three sportsbook operators: DraftKings, FanDuel, and BetMGM.
April 2020: After months of criticisms and revisions, the Tennessee Education Lottery Corporation (TELC) approves finalized guidelines, consisting of a 10% hold required for all operators. All operators are consequently allowed to begin requesting licenses.
Nov. 2019: The Sports Betting Advisory Council is put together by Tennessee legislators. The council begins creating the initial draft of Tennessee sports wagering regulations.
July 2019: The Tennessee Sports Gaming Act officially ends up being sports betting law.
May 2019: Gov. Bill Lee permits the expense to become law without his signature. Despite being morally opposed to betting in Tennessee, Lee believes legalizing sports betting remains in the state's benefit.
Nov. 2018: Rep. Rick Staples introduces a bipartisan expense to legalize Tennessee sports wagering.
