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
Rep. Adam Koenig, the sponsor of previous sports betting bills in Kentucky, plans to introduce a brand-new sports betting bill during the spring legislative session. Sports betting is receiving support from major political figures in Kentucky, with all of Kentucky’s neighboring states having either passed … Read more
Connecticut sportsbooks handled $54 million in sports wagers, much of which came from online wagers. The first month of Connecticut sports betting was the fourth-highest first-month wagering handle in the industry. Connecticut sports betting generated over $4 million in sports betting revenue despite only operating … Read more
Tennessee sportsbooks more than tripled their previous monthly betting handle record. October handle shows 185.5% increase from first month of active sports betting. NASHVILLE, Tenn. – In October, Tennessee sportsbooks handled the most money on sports bets in their history at $375.3 million. In September, Tennessee … 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
Tennessee is on the cusp of reaching $2 billion in handle within their first 12 months of having an operational sports betting industry. NASHVILLE, Tenn. – Since their online sports gaming market launched in November 2020, Tennessee residents have wagered over $1.5 billion in under … 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
The final eight teams have reached the College World Series and now enter a double-elimination bracket format. Vanderbilt has +250 odds as the favorite to win the College World Series. Texas (+325) and Tennessee (+350) are the next betting options to win the event. OMAHA, … Read more
Alexis Ohanian, the co-founder of Reddit, has invested $4 million in a new sportsbook platform called Wagr. Wagr will allow sports betting to be done among friends through its application. The sportsbook already has licensing applications pending in Tennessee and Virginia. SAN FRANCISCO – Sports … 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