On July 1, 2019, the Tennessee Sports Gaming Act came into impact as Gov. Bill Lee agreed to permit the costs to become law without his signature. Gov. Lee vehemently opposed betting but comprehended that legal online sports betting wagering was in his state's benefit.
Review this timeline of Tennessee's sports gambling history for a summary of its milestones:
Dec. 12, 2024: Tennessee makes a record-breaking $591 million manage in November, surpassing 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 betting Wagering Council (SWC) had formerly sent cease-and-desist letters to the online sportsbook's Curacao address.
Oct. 18, 2024: Bally Bet officially 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 betting business as a fantasy professional after being suspended for sports betting gambling formerly.
Sept. 12, 2024: Tennessee increases its sports wagering handle and revenue in August thanks to the return of football.
July 23, 2024: A Tennessee male wins $900K at Fanatic Sportsbook after properly selecting the outcome of four 2024 T-Mobile Crowning achievement Derby matches.
July 22, 2024: SuperBook Sports pulls out of 8 post-PASPA states, consisting of 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 wagering handle falls below $400 million in February - an 18.6% month-over-month reduction.
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 decrease.
Jan. 25, 2024: PrizePicks adds 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 listed 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 release 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 wagering operation as quickly as possible.
June 28, 2023: Tennessee will quickly tax sportsbooks based upon 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 approves changes to Tennessee's sports betting wagering tax rule.
May 1, 2023: Fanatics Sportsbook launches 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 clients will get a distinct 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 authorizes HB 1362, a changed variation 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 betting handle would replace 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 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 showing in December, Tennessee's sports wagering manage fell in January by almost 7%.
Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) estimates that Tennessee lost out on about $11 million in tax earnings in 2022 since multiple operators - including Caesars, DraftKings, and BetMGM - stopped working to hit the state's 10% hold rule.
Feb. 13, 2023: ZenSports, just recently acquired by KeyStar Corp, could become Tennessee's 14th legal betting site if its application is approved.
Dec. 19, 2022: BetMGM is called 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 new Tennessee sportsbook betting record, as wagering sites handled $439.5 million in wagers.
Nov. 11, 2022: Tennessee sports betting wagering 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 authorizes license renewals for BetMGM, DraftKings, FanDuel, and Action 24/7.
Oct. 18, 2022: Tennessee sports wagering in September saw a big increase compared to August, as online sportsbooks created more than $336.9 million in bets.
Sept. 6, 2022: Hard Rock Sportsbook launches 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 a main 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 official 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 signs up an all-time single-month record of $386 million in sports wagering deal with for January.
Feb. 10, 2022: Fubo is authorized 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 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 presume sports wagering regulative tasks in January following a handoff from TELC.
Nov. 17, 2021: Tennessee becomes the fifth-fastest state to go beyond $2 billion in bets, signing up $2.335 billion in sports wagering handle throughout the very first 12 months.
October 2021: The Volunteer State recorded its largest-ever month-to-month handle in September; Tennessee sits $40 million shy of striking the $2 billion mark for 2021.
Oct. 21, 2021: Bally becomes a sports betting partner of the Nashville Predators.
Sept. 8, 2021: Barstool Sportsbook releases in Tennessee.
September 2021: Barstool Sportsbook and Wagr, a social sports betting app, receive sports betting running licenses from the Tennessee Education Lottery.
August 2021: Caesars acquires William Hill, and consequently, 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, 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 policies, consisting of a 10% hold mandate for all operators. All operators are consequently permitted to begin looking for licenses.
Nov. 2019: The Sports Betting Advisory Council is put together by Tennessee lawmakers. The council starts creating the initial draft of Tennessee sports betting policies.
July 2019: The Tennessee Sports Gaming Act officially ends up being sports wagering law.
May 2019: Gov. Bill Lee allows the expense to become law without his signature. Despite being morally opposed to gambling in Tennessee, Lee believes legislating sports wagering remains in the state's finest interest.
Nov. 2018: Rep. Rick Staples introduces a bipartisan expense to legalize Tennessee sports wagering.