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Tennessee is one of a number of states that will have legal sports betting, after a law was enacted in the spring of 2019.
Soon, people who are in the Volunteer State will be able to wager while anywhere within the state’s borders on TN sports betting apps.
Here is more of what you need to know about Tennessee sports gambling.
The legislature approved a sports betting bill April 30. The governor intimated that he would allow it to become law without his signature — which is exactly what happened. That triggered the countdown for legal sports wagering in the state.
The law will allow for betting online and on mobile apps. It appears there will be no physical sportsbook locations.
There is no firm date for the launch of sports betting in Tennessee. Late 2019 is a possibility, but a launch sometime in 2020 is also possible.
The phrase “commercially reasonable terms” has been popping up in sports betting bills across the country as debate rages over mandated official league data usage.
Tennessee sports betting could cost itself nearly $11 million annually in tax revenue by imposing minimum hold requirements on operators.
On Nov. 21, the Tennessee Lottery released its draft sports gambling rules and regulations. The release gave stakeholders and the public until Dec. 23 to...
The only way to bet on sports in Tennessee will be via mobile devices and online.
Anyone can apply to operate a TN sportsbook, but you will need to be approved by regulators.
There are no guarantees on who will offer a sportsbook in the state, but a number of the operators we’ve seen go live elsewhere in the US are good candidates, such as:
Here are some of the other details of the Tennessee sports betting law:
The state has legalized wagering, but it’s not yet legal to place wagers in the state. That will happen when the state authorizes and vets sportsbooks who apply for licensure. The only restriction is you will not be able to make in-play wagers on collegiate events.
The Tennessee Lottery will have oversight.
Anywhere within the state’s borders.
If you are not located in Tennessee while using an app, you will not be able to place a wager, even if you are a Tennessee resident.
Yes. There will be no retail sportsbooks, unless someone somehow creates kiosks that fit the parameters of the bill for mobile wagering. Online and mobile TN sports betting will be the only delivery channels.
Anyone who wants to attempt to get a license through state regulators. There is no cap on sports betting licenses in the state.
The legal sports gambling age in Tennessee is 21 years old.