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On July 1, 2019, the Tennessee Sports Gaming Act entered into result as Gov. Bill Lee concurred to enable the bill to end up being law without his signature. Gov. Lee vehemently opposed betting but understood that legal online sports betting remained in his state's best interest.
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Review this timeline of Tennessee's sports betting history for a summary of its turning points:
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Dec. 12, 2024: Tennessee earns a record-breaking $591 million deal with in November, going beyond the state's previous high by $47 million.

Nov. 14, 2024: Tennessee sports betting 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 actually previously sent cease-and-desist letters to the online sportsbook's Curacao address.

Oct. 18, 2024: Bally Bet formally 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 wagering company as a dream expert after being suspended for sports betting gambling previously.

Sept. 12, 2024: Tennessee increases its sports betting handle and revenue in August thanks to the return of football.

July 23, 2024: A Tennessee male wins $900K at Fanatic Sportsbook after correctly selecting the result of 4 2024 T-Mobile Crowning achievement Derby matches.

July 22, 2024: SuperBook Sports takes out of 8 states, including Tennessee.

July 12, 2024: Tennessee's SWAC releases June sports betting 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 handle falls listed below $400 million in February - an 18.6% month-over-month decrease.

Feb. 24, 2024: Tennessee's sports betting deal with continues to fall in January, bringing in $467.4 million in wagers, which is a 5.5% MoM decline.

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 betting 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 betting, launching in Tennessee and 16 other states.

Nov. 2, 2023: ESPN BET plans to launch on Nov. 14, 2023, with online sports betting wagering going live in 17 U.S. states, consisting of Tennessee.

Aug. 11, 2023: WynnBET Tennessee reveals the closure of its online sports wagering operation as quickly as possible.

June 28, 2023: Tennessee will soon tax sportsbooks based on their betting deal with rather of their profits.

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 wagering tax rule.

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

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

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

April 21, 2023: Your house approves HB 1362, a changed 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 total handle. A 1.85% tax on sports betting deal with would replace the present 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 specific launch date planned.

Feb. 24, 2023: Following a strong proving in December, Tennessee's sports wagering 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 earnings in 2022 because several 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, could become Tennessee's 14th legal wagering website if its application is authorized.

Dec. 19, 2022: BetMGM is named an official sports betting partner of the Nashville Predators. The multi-year collaboration includes a BetMGM-branded restaurant and signage at Bridgestone Arena.

Dec. 15, 2022: November betting translates to a new Tennessee sportsbook betting record, as wagering websites 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 manage of $405.3 million.

Oct. 24, 2022: Tennessee's sports wagering regulator approves license renewals for BetMGM, DraftKings, FanDuel, and Action 24/7.

Oct. 18, 2022: Tennessee sports betting in September saw a huge 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, ending up being TN's 11th active sportsbook.

Aug. 16, 2022: Tennessee ends up being the third state to introduce a Betly online sportsbook.

Aug. 3, 2022: Caesars Sportsbook ends up being a main sports betting wagering partner of the Memphis Grizzlies.

April 27, 2022: SuperBook launches sportsbook operations in Tennessee.

April 14, 2022: Wagr, a Tennessee-based sportsbook, becomes the official sports wagering 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 licensed sportsbooks.

Feb. 17, 2022: Tennessee registers 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 wagering in Tennessee. A launch date is not revealed.

Jan. 24, 2022: Wagr became the first peer-to-peer betting platform to get a license in the U.S. and is the ninth lawfully licensed 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 control of the policy of sports betting from the Tennessee Education Lottery.

Dec. 17, 2021: The Sports Wagering Advisory Council (SWAC) will presume sports betting regulative responsibilities in January following a handoff from TELC.

Nov. 17, 2021: Tennessee ends up being the fifth-fastest state to surpass $2 billion in bets, signing up $2.335 billion in sports betting handle throughout the first 12 months.
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October 2021: The Volunteer State recorded its largest-ever monthly handle in September; Tennessee sits $40 million shy of hitting the $2 billion mark for 2021.

Oct. 21, 2021: Bally ends up being a sports betting 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, get sports betting operating 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 very 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) approves finalized policies, including a 10% hold mandate for all operators. All operators are subsequently allowed to begin obtaining licenses.

Nov. 2019: The Sports Betting Advisory Council is assembled by Tennessee lawmakers. The council begins designing the initial draft of Tennessee sports betting policies.

July 2019: The Tennessee Sports Gaming Act officially becomes sports wagering law.
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May 2019: Gov. Bill Lee enables the costs to end up being law without his signature. Despite being ethically opposed to betting in Tennessee, Lee believes legalizing sports betting remains in the state's best interest.

Nov. 2018: Rep. Rick Staples introduces a bipartisan costs to legalize Tennessee sports betting.