On July 1, 2019, the Tennessee Sports Gaming Act came into impact as Gov. Bill Lee agreed to permit the expense to become law without his signature. Gov. Lee emphatically opposed gaming however comprehended that legal online sports wagering remained in his state's benefit.
Review this timeline of Tennessee's sports betting gambling history for an introduction of its milestones:
Dec. 12, 2024: Tennessee earns a record-breaking $591 million manage in November, surpassing the state's previous high by $47 million.
Nov. 14, 2024: Tennessee sports betting 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 signs up with a sports wagering business as a fantasy expert after being suspended for sports betting gambling formerly.
Sept. 12, 2024: Tennessee increases its sports wagering deal with 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 result of 4 2024 T-Mobile Crowning achievement Derby matches.
July 22, 2024: SuperBook Sports pulls out of 8 post-PASPA states, including Tennessee.
July 12, 2024: Tennessee's SWAC releases June sports wagering numbers. With a $344.8 million deal with, TN sportsbooks see a 49% increase in year-over-year action.
March 12, 2024: Tennessee's sports betting wagering deal with falls listed below $400 million in February - an 18.6% month-over-month decline.
Feb. 24, 2024: Tennessee's sports wagering handle 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 brand-new peer-to-peer 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 live with online and mobile sports betting, 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, including Tennessee.
Aug. 11, 2023: WynnBET Tennessee reveals the closure of its online sports wagering operation as quickly as possible.
June 28, 2023: Tennessee will quickly tax sportsbooks based on their wagering handle instead 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 approves modifications to Tennessee's sports wagering tax guideline.
May 1, 2023: Fanatics Sportsbook releases its mobile app in Tennessee and Ohio.
April 27, 2023: Fanatics plans to introduce its sports wagering app in Tennessee on Monday, May 1. Current Fanatics consumers will receive an unique code to access the app.
April 25, 2023: Yahoo acquires Wagr, a social peer-to-peer sportsbook app founded in Nashville, TN.
April 21, 2023: Your home approves HB 1362, an amended variation 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 operators on their overall deal with. A 1.85% tax on sports betting 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 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 nearly 7%.
Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) approximates that Tennessee missed out on about $11 million in tax profits in 2022 because multiple operators - consisting of Caesars, DraftKings, and BetMGM - failed to strike the state's 10% hold rule.
Feb. 13, 2023: ZenSports, recently gotten by KeyStar Corp, could become Tennessee's 14th legal betting site if its application is approved.
Dec. 19, 2022: BetMGM is named an official sports betting partner of the Nashville Predators. The multi-year partnership consists of a BetMGM-branded dining establishment and signs at Bridgestone Arena.
Dec. 15, 2022: November wagering equates to a brand-new Tennessee sportsbook wagering 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 deal with 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 big boost compared to August, as online sportsbooks created more than $336.9 million in bets.
Sept. 6, 2022: Acid rock Sportsbook releases in the state, becoming TN's 11th active sportsbook.
Aug. 16, 2022: Tennessee becomes the 3rd state to introduce a Betly online sportsbook.
Aug. 3, 2022: Caesars Sportsbook becomes an official sports wagering partner of the Memphis Grizzlies.
April 27, 2022: SuperBook introduces 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 3 brand-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 authorized as the 10th sportsbook for online wagering in Tennessee. A launch date is not announced.
Jan. 24, 2022: Wagr became the very 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 revenues generated by Tennessee-licensed sportsbooks continue, with close 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 wagering regulatory 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 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 striking the $2 billion mark for 2021.
Oct. 21, 2021: Bally ends up being a sports wagering partner of the Nashville Predators.
Sept. 8, 2021: Barstool Sportsbook launches in Tennessee.
September 2021: Barstool Sportsbook and Wagr, a social sports wagering app, receive sports betting operating 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, kicking off 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 modifications, the Tennessee Education Lottery Corporation (TELC) authorizes settled policies, 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 put together by Tennessee legislators. The council starts devising the initial draft of Tennessee sports betting guidelines.
July 2019: The Tennessee sports betting Gaming Act officially becomes sports wagering law.
May 2019: Gov. Bill Lee permits the costs to become law without his signature. Despite being morally opposed to gambling in Tennessee, Lee thinks legalizing sports betting is in the state's benefit.
Nov. 2018: Rep. Rick Staples presents a bipartisan expense to legalize Tennessee sports betting.