Tennessee sportsbooks reported $386,059,756 in betting handle for January 2022, beating the previous record set in October. Sportsbooks also saw $29,087,518 in sports betting revenue. NASHVILLE, Tenn. – Sportsbooks in Tennessee set a new record for monthly betting handle with $386,059,756 wagered in January 2022. … Read more
The Sports Wagering Advisory Council (SWAC) in Tennessee has hired Mary Beth Thomas as the executive director. Thomas has addressed the 10% hold rate controversy, speaking in favor of the council’s position on the hold. The SWAC will take over Tennessee sports betting from the … Read more
Tennessee held a recent hearing on Tuesday to discuss the regulations of its sports betting market transferring to the Sports Wagering Advisory Committee (SWAC). During the hearing, sportsbooks discussed wishing to change the mandatory hold rule set by the legislation of the industry. There is … Read more
• The Tennessee Education Lottery (TEL) has informed three sports betting operators; two sportsbooks and one supplier, that their applications will be reviewed. • One of the potentially new sportsbooks is Penn National’s Barstool Sportsbook. • The TEL will review these applications on Tuesday at … Read more
Governor Bill Lee signed SB 588 into law, switching sports betting regulations from the Tennessee Education Lottery (TEL) to the Sports Wagering Advisory Council (SWAC). The TEL has had issues with sports betting since its launch. The official switch will kick in on Jan 1, … Read more
Tennessee saw $172.4 million in sports betting activity in April. This is a 16.3% decrease month over month. WynnBet launched in Tennessee in April, making it a total of seven active sportsbooks in the state. NASHVILLE, Tenn. – Sports betting fans in Tennessee wagered for … Read more
Churchill Downs owned TwinSpires sportsbook officially launches in Tennessee. The mobile betting app is made available just in time for March Madness. TwinSpires is offering new sign-up bonuses and promotions for Tennessee players. NASHVILLE – Tennessee betting fans have officially gained access to a new … Read more
Over $180.9 million was wagered on sports in Tennessee in December. Tennessee collected $3.1 million in tax revenue from sports betting. A total of $5.4 million in tax revenue has been collected in the first two months of the Tennessee sports betting market. NASHVILLE, Tenn. … Read more
Tennessee lawmakers approve high-risk flex loans for lenders to coincide with the Action 24/7 sportsbook. This will act as a store for sports bettors to deposit gambling funds as well. The annual interest rates are up to 279.5%. NASHVILLE, Tenn. – In an interesting twist … Read more
Over $131 million was wagered on sports in November, the launch month for sports betting in Tennessee. The state collected more than $2.3 million in tax revenue. The NFL season contributed to the bulk of wagers in Tennessee. NASHVILLE, Tenn. – In just the first … Read more
DraftKings will become the official daily fantasy sports provider and sportsbook for the Nashville Predators. DraftKings becomes the first official sports betting operator aligned with the NHL team. This is a multi-year deal. NASHVILLE, Tenn. – Betting on the Nashville Predators just got a bit … Read more
Tennessee’s sports betting regulations are drawing negative comments. Experts feel that it is detrimental to their sports betting market and could cost them millions in losses. Study shows France, another market with similar regulations, suffers because of it. NASHVILLE, Tenn. – As the spirit of … Read more