Churchill Downs racetrack

Tennessee Sports Betting Becomes $1.5bn Industry in 9 Months

Despite witnessing the slowest month in July, Tennessee sports betting has become a $1.5 billion market in the first nine months of its operation. The state launched its sports betting in Nov. 2020. But even one of the most successful sports betting states could not escape the effects of July, …

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Tennessee mobile sportsbooks

Tennessee Council Shortlists Candidates For Executive Director, Makes New Sports Betting Rules

Tennessee Wagering Advisory Council has shortlisted nine candidates for the job of the Executive Director of the council, which takes over sports betting on Jan. 1. Nearly 50 applicants had submitted to seek the coveted position. The council hopes to finalize its head by October. The SWARC – which will …

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BetMGM Regains Crown From FanDuel As Tennessee Sports Betting Posts June Numbers

BetMGM Sportsbook has regained its crown from FanDuel as the top sportsbook in Tennessee sports betting, according to the latest revenue report released Tuesday. Tennessee sports betting saw $174.5 million in June handle, representing an 8% increase from May’s $160.9 million, the Tennessee Education Lottery (TEL) said in its report. …

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Tennessee Volunteers stadium

FanDuel-BetMGM Competition Dominates Tennessee Sports Betting in May

The neck and neck competition between FanDuel and BetMGM dominated the Tennessee sports betting scene for May, which saw its lowest handle since launch. Only a few dollars decided the winner. According to the numbers released Wednesday by Tennessee Education Lottery, the state’s sportsbooks took in $160.9 million in May, …

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Nashville

Tennessee Sports Wagering Advisory Council Intensifies Search For Executive Director

Tennessee’s Sports Wagering Advisory Council (SWAC) held its second meeting on Tuesday to intensify efforts to find its new executive director. During the meeting, which took place in Nashville, the SWAC also discussed the timeline for formulating a new set of permanent sports wagering rules for the Volunteer State. Tuesday’s …

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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 sports fans

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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