On July 1, 2019, the Tennessee Sports Gaming Act entered result as Gov. Bill Lee accepted allow the bill to end up being law without his signature. Gov. Lee vehemently opposed gambling but comprehended that legal online sports wagering was in his state's benefit.
Review this timeline of Tennessee's sports gambling history for an introduction of its milestones:
Dec. 12, 2024: Tennessee makes a record-breaking $591 million manage in November, exceeding 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 Wagering Council (SWC) had formerly 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 betting company as a dream specialist after being suspended for sports gambling previously.
Sept. 12, 2024: Tennessee increases its sports betting manage and profits in August thanks to the return of football.
July 23, 2024: A Tennessee man wins $900K at Fanatic Sportsbook after properly choosing the outcome of four 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 betting numbers. With a $344.8 million manage, TN sportsbooks see a 49% increase in year-over-year action.
March 12, 2024: Tennessee's sports betting deal with falls listed below $400 million in February - an 18.6% month-over-month reduction.
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 decrease.
Jan. 25, 2024: PrizePicks includes a new peer-to-peer video game in Tennessee and three 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 wagering, introducing in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET plans to release on Nov. 14, 2023, with online sports betting going reside in 17 U.S. states, including Tennessee.
Aug. 11, 2023: WynnBET Tennessee announces the closure of its online sports wagering 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 guideline.
May 1, 2023: Fanatics Sportsbook launches its mobile app in Tennessee and Ohio.
April 27, 2023: Fanatics prepares to launch its sports betting app in Tennessee on Monday, May 1. Current Fanatics customers will get a distinct code to access the app.
April 25, 2023: Yahoo gets Wagr, a social peer-to-peer sportsbook app founded in Nashville, TN.
April 21, 2023: The House approves 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 betting operators on their overall deal with. A 1.85% tax on sports wagering handle 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 handle.
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 handle 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 income in 2022 since several operators - consisting of Caesars, DraftKings, and BetMGM - failed 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 wagering website if its application is authorized.
Dec. 19, 2022: BetMGM is called an official sports wagering partner of the Nashville Predators. The multi-year collaboration includes a BetMGM-branded restaurant and signs at Bridgestone Arena.
Dec. 15, 2022: November wagering equates to a new Tennessee sportsbook betting record, as wagering websites handled $439.5 million in wagers.
Nov. 11, 2022: Tennessee sports betting strikes 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 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 becomes the 3rd state to launch 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, ends up being the official sports betting wagering 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 be up to 13 certified sportsbooks.
Feb. 17, 2022: Tennessee signs up an all-time single-month record of $386 million in sports betting 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 became the first peer-to-peer betting platform to get a license in the U.S. and is the ninth legally certified sportsbook operator in Tennessee.
Jan. 4, 2022: Record earnings created by Tennessee-licensed sportsbooks continue, with close to $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 assume sports betting regulatory 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 betting wagering handle throughout the first 12 months.
October 2021: The Volunteer State taped its largest-ever regular monthly deal with in September; Tennessee sits $40 million shy of hitting 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 releases 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 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 3 sportsbook operators: DraftKings, FanDuel, and BetMGM.
April 2020: After months of criticisms and revisions, the Tennessee Education Lottery Corporation (TELC) authorizes settled guidelines, consisting of a 10% hold required for all operators. All operators are subsequently allowed to begin obtaining licenses.
Nov. 2019: The Sports Betting Advisory Council is put together by Tennessee legislators. The council begins creating the first draft of Tennessee sports betting regulations.
July 2019: The Tennessee Sports Gaming Act formally becomes sports betting law.
May 2019: Gov. Bill Lee allows the expense to become law without his signature. Despite being ethically opposed to gambling in Tennessee, Lee believes legalizing sports wagering is in the state's benefit.
Nov. 2018: Rep. Rick Staples introduces a bipartisan costs to legislate Tennessee sports betting wagering.