• 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
Tennessee has made a new national record for sports betting handle collected within six months, exceeding the billion-dollar mark. The sports gaming industry of Tennessee is currently undergoing a transition from having the Tennessee Education Lottery as the regulator to making the Sports Wagering Advisory … Read more
Senate Bill 588 that names the Sports Wagering Advisory Council (SWAC) as the regulatory body of the Tennessee sports betting industry passed on May 5. The Tennessee Education Lottery (TEL) has been the regulator of the sports wagering market in the Volunteer State since the … Read more
Tennessee has two bills, House Bill 1267 and Senate Bill 588, that want to change who regulates the sports betting market in the state. Presently, the Tennessee Education Lottery is the regulator of the sports gaming industry, but the companion bills would like to see … Read more
Two bills in the Tennessee General Assembly would like to name the Sports Wagering Advisory Committee as the regulator for the sports betting industry in the state. Senate Bill 588 has passed in the Senate and is seeking House approval while its companion bill, House … Read more
Tennessee sports betting had a surge in activity in March due to gamblers wagering on the March Madness tournament. The Volunteer State is home to four mobile sportsbook platforms. March brought in $205.9 million in handle. NASHVILLE, Tenn. – The Tennessee Education Lottery (TEL) recorded … Read more
Tennessee Action 24/7 Sportsbook will still be able to take deposits through payday loans provided by their loan agency Advance Financial 24/7. House Bill 824 and Senate Bill 1029 that sought to stop loan agencies from being used as a method for funding sports betting … Read more
William Hill Sportsbook is under investigation by the Tennessee Education Lottery (TEL) after accepting prop bets on players for March Madness. Collegiate athlete prop bets are banned in Tennessee from action. The mobile sports betting platform only just made its debut in the Volunteer State … Read more
Tennessee saw $176.3 million in bets placed in February. The decline in revenue came after the conclusion of the NFL season. NASHVILLE, Tenn.—Since Tennessee launched their sports betting industry back in November of 2020, they have not reported a decline in revenue until now. In … Read more
Two bills that would change the accepted methods of payment at sportsbooks in Tennessee will have to wait to be heard further because more testimony is being requested. Since the suspension of Tennessee Action 24/7, the focal point of why TN HB 824 and TN … Read more
