• 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 their monthly meeting.
NASHVILLE, Tenn. – As the NFL season approaches, Tennessee lawmakers are looking to expand their local betting market even more.
The Tennessee Education Lottery (TEL) has given notice to two operators and one supplier that they will be reviewing their sports betting applications at a meeting on Tuesday.
One of the likely operators is Penn National’s Barstool Sportsbook. Tennessee is one of five states that Barstool is set to go live in for betting on the 2021 NFL season.
Tennessee Sports Betting Expansion
The Tennessee sports betting market is a thriving mobile-only market that will likely see continued success with the addition of these new sportsbooks.
Barstool Sportsbook is a major name in the betting world and would be a big draw to local Tennessee players. There has been no confirmation as to whom the second operator will be.
This NFL season will be big for the Volunteer State as the Tennessee Titans are a playoff-contending team and will likely be a big draw at local books.
Tennessee has seen slight dips in betting handle in recent months but is expected to see growth once the NFL season kicks off.
Barstool’s Big Moves
Tennessee will be joining Arizona, Colorado, New Jersey, and Virginia as markets that host Barstool sports betting ahead of the NFL season.
Penn National is going all-in on Barstool Sportsbook with the hopes of it being more than just a major bookmaker but also a large sports media platform.
Recently, Penn National purchased Score Media with the goal of using its proprietary sportsbook and media outlet to expand on Barstool.
“We are thrilled to be acquiring theScore, which is the number one sports app in Canada and the third most popular sports app in all of North America,” said Jay Snowden, President and Chief Executive Officer of Penn National. “theScore’s unique media platform and modern, state-of-the art technology is a powerful complement to the reach of Barstool Sports and its popular personalities and content.”
With this move and the expansion into multiple new markets ahead of the NFL season, Penn National is moving to increase Barstool’s footprint in the regulated sports betting market.
Entering Tennessee will surely see a major influx of users on the Barstool Sportsbook app and gamblers in the Volunteer State in general.
Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he’s not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.