On July 1, 2019, the Gaming Act came into result as Gov. Bill Lee accepted enable the costs to become law without his signature. Gov. Lee vehemently opposed gambling however understood that legal online sports wagering was in his state's best interest.
Review this timeline of Tennessee's sports gambling history for an introduction of its turning points:
Dec. 12, 2024: Tennessee makes a record-breaking $591 million deal with in November, exceeding the state's previous high by $47 million.
Nov. 14, 2024: Tennessee sports betting bettors 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 expert after being suspended for sports gambling formerly.
Sept. 12, 2024: Tennessee increases its sports wagering manage and earnings in August thanks to the return of football.
July 23, 2024: A Tennessee guy wins $900K at Fanatic Sportsbook after correctly selecting the result of four 2024 T-Mobile Home Run Derby matches.
July 22, 2024: SuperBook Sports takes 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 decrease.
Feb. 24, 2024: Tennessee's sports betting handle 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 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 live with online and mobile sports betting wagering, introducing in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET prepares to introduce on Nov. 14, 2023, with online sports wagering going live in 17 U.S. states, including Tennessee.
Aug. 11, 2023: WynnBET Tennessee reveals the closure of its online sports betting operation as soon as possible.
June 28, 2023: Tennessee will quickly tax sportsbooks based on their wagering handle instead of their earnings.
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 guideline.
May 1, 2023: Fanatics Sportsbook launches its mobile app in Tennessee and Ohio.
April 27, 2023: Fanatics prepares to release 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 established in Nashville, TN.
April 21, 2023: The House authorizes HB 1362, an amended version of the Senate's SB 0475. If signed by Gov. Bill Lee, Tennessee will end up being the first state to tax sports wagering operators on their total handle. A 1.85% tax on sports betting manage would replace the current 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 manage.
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 showing 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 earnings in 2022 due to the fact that numerous operators - including Caesars, DraftKings, and BetMGM - stopped working to hit the state's 10% hold rule.
Feb. 13, 2023: ZenSports, recently obtained by KeyStar Corp, might end up being Tennessee's 14th legal wagering website if its application is approved.
Dec. 19, 2022: BetMGM is named an official sports wagering partner of the Nashville Predators. The multi-year partnership includes a BetMGM-branded restaurant and signage at Bridgestone Arena.
Dec. 15, 2022: November betting translates to a brand-new Tennessee sportsbook wagering record, as wagering websites dealt with $439.5 million in wagers.
Nov. 11, 2022: Tennessee sports wagering 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 betting in September saw a big increase compared to August, as online sportsbooks generated more than $336.9 million in bets.
Sept. 6, 2022: Acid rock Sportsbook launches in the state, becoming TN's 11th active sportsbook.
Aug. 16, 2022: Tennessee becomes the 3rd state to launch a Betly online sportsbook.
Aug. 3, 2022: Caesars Sportsbook ends up being an official sports wagering partner of the Memphis Grizzlies.
April 27, 2022: SuperBook releases sportsbook operations in Tennessee.
April 14, 2022: Wagr, a Tennessee-based sportsbook, ends up being the official sports wagering partner of the MLS' Nashville FC.
March 10, 2022: The Tennessee Sports Wagering Advisory Council (SWAC) approves 3 brand-new mobile sportsbooks. When Bally Bet, Betly, and SuperBook launch online operations, TN will be up to 13 licensed sportsbooks.
Feb. 17, 2022: Tennessee registers an all-time single-month record of $386 million in sports betting wagering handle 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 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 incomes created by Tennessee-licensed sportsbooks continue, with near $40 million in November.
Jan. 1, 2022: SWAC takes control of the guideline of sports wagering from the Tennessee Education Lottery.
Dec. 17, 2021: The Sports Wagering Advisory Council (SWAC) will presume sports betting wagering regulatory tasks in January following a handoff from TELC.
Nov. 17, 2021: Tennessee becomes the fifth-fastest state to surpass $2 billion in bets, signing up $2.335 billion in sports betting deal with throughout the very first 12 months.
October 2021: The Volunteer State taped its largest-ever regular monthly handle in September; Tennessee sits $40 million shy of hitting the $2 billion mark for 2021.
Oct. 21, 2021: Bally becomes 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 betting app, receive 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, beginning the state's legal online sports wagering industry.
September 2020: TELC authorizes its first three sportsbook operators: DraftKings, FanDuel, and BetMGM.
April 2020: After months of criticisms and revisions, the Tennessee Education Lottery Corporation (TELC) authorizes settled regulations, consisting of a 10% hold required for all operators. All operators are consequently allowed to start requesting licenses.
Nov. 2019: The Sports Betting Advisory Council is assembled by Tennessee legislators. The council begins devising 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 costs to become law without his signature. Despite being ethically opposed to betting in Tennessee, Lee believes legislating sports betting is in the state's finest interest.
Nov. 2018: Rep. Rick Staples introduces a bipartisan expense to legislate Tennessee sports betting.
