On July 1, 2019, the Tennessee sports betting Gaming Act came into effect as Gov. Bill Lee consented to allow the expense to end up being law without his signature. Gov. Lee vehemently opposed gambling however comprehended that legal online sports betting remained in his state's benefit.
bet9ja.com
Review this timeline of Tennessee's sports betting history for an introduction of its turning points:
bit.ly
Dec. 12, 2024: Tennessee makes a record-breaking $591 million deal with in November, going beyond 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 formerly sent cease-and-desist letters to the online sportsbook's Curacao address.

Oct. 18, 2024: Bally Bet officially goes reside 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 company as a dream professional after being suspended for sports betting 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 guy wins $900K at Fanatic Sportsbook after properly picking the result of four 2024 T-Mobile Crowning achievement Derby matches.

July 22, 2024: SuperBook Sports takes 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 betting handle falls listed below $400 million in February - an 18.6% month-over-month decline.

Feb. 24, 2024: Tennessee's sports wagering 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 manage drops listed below $500 million in December, which is a 4.2% drop from November.

Nov. 14, 2023: ESPN BET goes deal with online and mobile sports betting wagering, releasing in Tennessee and 16 other states.

Nov. 2, 2023: ESPN BET plans 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 betting operation as quickly as possible.

June 28, 2023: Tennessee will quickly tax sportsbooks based on their wagering manage rather 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 wagering tax guideline.

May 1, 2023: Fanatics Sportsbook launches its mobile app in Tennessee and Ohio.

April 27, 2023: Fanatics plans to release its sports betting app in Tennessee on Monday, May 1. Current Fanatics consumers will get a distinct code to access the app.

April 25, 2023: Yahoo obtains Wagr, a social peer-to-peer sportsbook app established in Nashville, TN.

April 21, 2023: Your home authorizes HB 1362, a changed variation 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 overall handle. A 1.85% tax on sports betting wagering deal with would change the existing 20% tax on gross earnings.

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 receives its mobile sports betting license in Tennessee. However, it has no particular launch date prepared.

Feb. 24, 2023: Following a strong showing in December, Tennessee's sports betting deal with fell in January by nearly 7%.

Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) approximates that Tennessee lost out on about $11 million in tax revenue in 2022 since numerous operators - consisting of Caesars, DraftKings, and BetMGM - failed to hit the state's 10% hold guideline.

Feb. 13, 2023: ZenSports, recently acquired by KeyStar Corp, could become Tennessee's 14th legal wagering website if its application is authorized.

Dec. 19, 2022: BetMGM is named a main sports wagering partner of the Nashville Predators. The multi-year collaboration consists of a BetMGM-branded restaurant and signs at Bridgestone Arena.

Dec. 15, 2022: November wagering translates to a brand-new Tennessee sportsbook wagering record, as betting 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 wagering in September saw a huge boost compared to August, as online sportsbooks generated more than $336.9 million in bets.

Sept. 6, 2022: Acid rock Sportsbook introduces in the state, ending up being TN's 11th active sportsbook.

Aug. 16, 2022: Tennessee becomes the third state to launch a Betly online sportsbook.

Aug. 3, 2022: Caesars Sportsbook ends up being an official sports betting 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 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 wagering handle for January.

Feb. 10, 2022: Fubo is approved as the 10th sportsbook for online wagering in Tennessee. A launch date is not announced.

Jan. 24, 2022: Wagr became the first peer-to-peer betting platform to receive a license in the U.S. and is the ninth lawfully licensed sportsbook operator in Tennessee.

Jan. 4, 2022: Record profits produced by Tennessee-licensed sportsbooks continue, with close to $40 million in November.

Jan. 1, 2022: SWAC takes control of the guideline of sports betting from the Tennessee Education Lottery.

Dec. 17, 2021: The Sports Wagering Advisory Council (SWAC) will assume sports betting wagering regulatory duties in January following a handoff from TELC.

Nov. 17, 2021: Tennessee ends up being the fifth-fastest state to go beyond $2 billion in bets, signing up $2.335 billion in sports betting manage during the very first 12 months.

October 2021: The Volunteer State tape-recorded its largest-ever month-to-month deal with in September; Tennessee sits $40 million shy of striking 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 betting operating licenses from the Tennessee Education Lottery.

August 2021: Caesars obtains William Hill, and subsequently, 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 betting 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 completed regulations, including a 10% hold mandate for all operators. All operators are to begin requesting licenses.

Nov. 2019: The Sports Betting Advisory Council is put together by Tennessee legislators. The council starts developing the very first draft of Tennessee sports wagering regulations.

July 2019: The Tennessee Sports Gaming Act formally becomes sports betting law.

May 2019: Gov. Bill Lee enables the expense to become law without his signature. Despite being morally opposed to gambling in Tennessee, Lee thinks legalizing sports betting is in the state's best interest.

Nov. 2018: Rep. Rick Staples presents a bipartisan expense to legislate Tennessee sports betting.
bit.ly