The first sportsbook in the nation to get suspended is suing the regulator for reinstatement of their license. Tennessee Action 24/7 states that the Tennessee Education Lottery did not follow proper protocol by law when suspending their license indefinitely. The appeal is set to be … Read more
Tennessee Action 24/7 Sportsbook has been suspended indefinitely by the Tennessee Education Lottery. The Tennessee sportsbook was shut down during the early stages of March Madness betting on Thursday. Tennessee Action 24/7 is the first-ever sportsbook to be shut down indefinitely in the United States … Read more
William Hill’s mobile sportsbook launched in Tennessee on Thursday. The launch of the platform comes just in time for March Madness betting as the college basketball tournament begins on March 18 and goes all the way through to April 5. NASHVILLE, Tenn. – Tennessee sports … Read more
Sports betting handle spiked over $30 million from December to January in Tennessee. Over 60% of wagers taken in January were on the NFL postseason. Tennessee currently has only four operating mobile sportsbooks in the state. NASHVILLE, Tenn. – Native Miley Cyrus’ song “The Climb” … Read more
Two mobile sportsbooks in Tennessee have experienced illegal sports betting activity with the most recent problems taking place with the Super Bowl. The Tennessee Education Lottery (TEL) is currently investigating the matter as they regulate the industry. The two compromised applications have closed a combined … Read more
A Tennessee sportsbook also owns a loan agency that will give loans to players to gamble on sporting events. Two bills have been filed with the Tennessee General Assembly to ban financial companies to offer loan services for the purposes of sports wagering. NASHVILLE, Tenn. … Read more
The Tennessee Education Lottery has approved William Hill and WynnBet to launch in Tennessee. Tennessee online sportsbooks have proven to be profitable, having secured over $180 million in total bets for the month of December. The Super Bowl is traditionally this single biggest betting event … 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
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
Tennessee sports betting launched on November 1. On the first day, over $5 million was wagered in the state. Tennessee is the only state in the country that has online-only sports betting. NASHVILLE, Tenn. – Within just the first eight days of launching sports betting, … Read more
Ohio still has a chance to make sports betting legal before the end of 2020. South Dakota, Maryland, and Louisiana have all voted in favor of legal sports wagering markets through the November 3 vote. Canada is seeking to legalize single-game sports betting on a … Read more
Tennessee’s sports betting rules and regulations have a 10% hold requirement on all handle that is then taxed and given to the Tennessee Education Lottery (TEL). This hold could lead to less attractive odds and bets offered to sports bettors of the Volunteer State. The … Read more