Nashville

Tennessee Sports Wagering Council Assumes Regulatory Role

The transition of sports betting regulatory power has kicked off with the Tennessee Sports Wagering Advisory Council assuming its role. Though the eventual transfer of power from the Tennessee Education Lottery takes place Jan. 1, 2022, both entities will work jointly through the transition phase. On Tuesday, the nine-member SWAC …

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Nashville

Tennessee Sports Betting Posts 16.3% Decline in April Handle

Tennessee joined most other states with legal sports betting which saw declining handles and revenues due to lack of sporting activity in April. According to the latest figures released Tuesday by Tennessee Education Lottery (TEL), the state’s sportsbooks posted $172.4 million in April, down 16.3% from March’s $205.9 million. Despite …

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Tennessee Action 24/7

Action 24/7 Cleared by Tennessee Sports Betting Regulator

The Tennessee Education Lottery has cleared Action 24/7, a month after it became the first US sportsbook ever to be banned by a regulatory authority. On Thursday, the lottery said its suspension of Action 24/7’s sports betting license is “null and void”, according to the Nashville Post. It came a …

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WynnBET: Tennessee Market’s Seventh Sportsbook Launches

WynnBET launched its mobile sportsbook in Tennessee on Friday, marking the seventh online sportsbook to arrive in the state. It comes after the Las Vegas-based Wynn Resorts’ digital sportsbook got approval from the Sports Wagering Committee of the Tennessee Education Lottery Corp. in February. The Volunteer State is the sixth …

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Tennessee March Sports Betting Handle Up 17% Despite Controversy

Despite embroiling in one of the biggest controversies in US sports betting history in March, Tennessee sports betting posted a remarkable handle of $206 million. According to the latest figures released Friday by the Tennessee Education Lottery Corporation (TEL), the March handle saw a nearly 17% increase from February’s $176.3 …

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Nashville

Tennessee Sports Betting Bill to Separate Funding Withdrawn

A Tennessee sports betting bill seeking to change the funding methods of sportsbooks was withdrawn after it was deemed too broad. The two companion bills HB 824 and SB 1029 are no longer a part of the Tennessee General Assembly’s agenda, and their prospects of approval are doomed for this …

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William Hill Accused of Offering Banned Prop Bets in Tennessee

A few weeks after the first-ever sportsbook license suspension case in US history, another sportsbook is found involved in illegal activity. The second case also emerged from the Tennessee market, where William Hill has been reportedly involved in offering bettors prop betting during March Madness. The UK-based William Hill, recently …

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Tennessee Judge Reinstates Action 24/7’s License

A Nashville judge reinstated Tennessee Action 24/7’s sports betting license that was suspended on March 18, reportedly due to illegal activities. Friday’s judgment, however, provided temporary relief to the local sportsbook pending the outcome of its regulatory issues with the Tennessee Education Lottery. Details of the Reinstatement The Chancery Court …

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Tennessee Sees First Month of Declining Handle in February

Tennessee sports betting recorded its lowest handle in February since the industry’s launch amid controversy surrounding one of its operators, Tennessee Action 24. According to the report released Friday by Tennessee Education Lottery (TEL), the Volunteer State’s sportsbooks took in $176.3 million last month, representing a 16.6% decline from January’s …

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Tennessee Action 24/7

Tennessee Action 24/7: First US Sportsbook to Get License Suspended

Tennessee Action 24/7 has become the first US sportsbook to see its license suspended after regulators found irregular activities last week. The Tennessee Education Lottery’s (TEL) decision came Thursday by Chairwoman Susan Lanigan and was unanimously upheld by the full Board on Friday. The locally-owned sportsbook first drew the regulators’ …

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