Tennessee Sports Betting

Legal sports betting is possible in Tennessee.

On November 1, 2020, online sports betting began in Tennessee, with four online sports books in the state's first legal sports gambling. It is different from many other states. Tennessee law does not have any retail sportsbooks in the state, as online sportsbooks do not particularly require that they are affiliated with actual stores.

Tennessee's Sports Betting method also requires all operators only use the official league data for live betting.

Legal sports betting that can be used online Yes Legal Sports Betting in fac e-t o-face: None

Following the Supreme Court ruling of the 1992 Professional Amateur Sports Protection (PASPA), Rick Staples has filed HB 1, a law that enables legal sports betting in Tennessee.

The bill was opposed in the lower house, but passed in the Senate without any problems. However, Governor Bill Lee showed that he was reluctant to sign the bill and suggested that he would make a bill without his signature. According to the state law, the governor's signature is not necessary for the bill to be established.

In June 2019, sports gambling in Tennessee was officially legalized without the governor's signature. Later, the state began to create a legal framework for industry regulations, and on November 1, 2020, legal betting in Tennessee became a reality.

The new law only has mobile sports betting, and there is no planning to introduce new laws, including retail sportsbooks, or modify existing bills. The Tennessee Educational Lottery Corporation was in charge of all supervision in the Tennessee sports betting industry. However, the newly established Sports Wagering Advisory Council (SWAC) has changed, and this situation has changed. SWAC is currently supervising the operator's license application process and approval, along with the data of sports gambling and taxes.

Historical Sports Handle, Revenues & Taxes in Tennessee

• Total handle: $ 13, 873, 598, 709
• Sports book income: $ 863, 023, 646
• Sports book revenue after adjustment: $ 766, 365, 573
• State Tax: $ 246, 236, 031
• Win rate average: 6. 9
• Average winning rate after adjustment: 6. 15

period	Total handle	Sports book income	Winning rate	Sports book revenue after adjustment	Win rate after adjustment	State tax
November 2020	$ 130, 809, 000	$ 12, 577, 000	9. 61%	$ 11, 819, 590	9. 04%	$ 2, 363, 918
December 2020	$ 180, 968, 000	$ 13, 931, 000	7. 70%	$ 13, 931, 000	7. 70%	$ 3, 080, 000
January 2021	$ 211, 316, 000	$ 20, 861, 000	9. 87%	$ 20, 868, 000	9. 88%	$ 4, 300, 000
February 2021	$176, 292, 000	$12, 944, 000	7. 34% $13, 000, 000	7. 37% $13, 000, 000	7. 37% $13, 000, 000	Mar 2021
Mar 2021	Mar 2021 $205, 955, 000	Mar 2021 $205, 955, 000	8. 73% $16, 100, 000	Mar 2021 $205, 955, 000 $17, 980, 000 8. 73% $16, 100, 000	7. 82% $3, 200, 000	7. 82% $3, 200, 000
Apr 2021	$15, 532, 000	9. 01% $15, 532, 000	9. 01% $14, 400, 000	9. 01% $14, 400, 000	8. 35% $14, 400, 000	2, 800, 000
May 2021	May 2021 $160, 940, 000	$15, 373, 000	9. 55% $13, 700, 000	$13, 700, 000	8. 51% $13, 700, 000	$13, 700, 000 8. 51% $2, 740, 000
Jun 2021	$18, 342, 000	$18, 342, 000	10. 51% $16, 100, 000	Mar 2021 $205, 955, 000 $17, 980, 000 8. 73% $16, 100, 000	9. 22% $3, 220, 000	Jul 2021
Jul 2021	10. 51% $16, 100, 000	Jul 2021 $144, 559, 000	10. 50% $13, 400, 000	Jul 2021 $144, 559, 000 $15, 172, 000 10. 50% $13, 400, 000	9. 27% $13, 400, 000	2, 680, 000
Aug 2021	10. 50% $144, 509, 000	9. 10% $13, 154, 000	9. 10% $144, 509, 000 $13, 154, 000	9. 10% $10, 100, 000	6. 99% $6, 020, 000	6. 99% $2, 020, 000
Sep 2021	6. 99% $2, 020, 000 Sep 2021	Sep 2021 $257, 348, 000	9. 94% $16, 600, 000	Sep 2021 $257, 348, 000 $25, 577, 000 9. 94% $16, 600, 000	6. 45% $3, 320, 000	6. 45% $3, 320, 000
Oct 2021	6. 45% $3, 320, 000 Oct 2021	6. 10% $22, 908, 000	6. 10% $17, 200, 000	6. 10% $17, 200, 000	4. 58% $3, 440, 000	4. 58% $3, 440, 000
Nov 2021	6. 10% $17, 200, 000	Nov 2021 $365, 697, 000	10. 10% $29, 600, 000	Nov 2021 $365, 697, 000 $36, 920, 000 10. 10% $29, 600, 000	8. 09% $29, 600, 000	Dec 2021
Dec 2021	Dec 2021 $341, 791, 900	Dec 2021 $341, 791, 900	7. 20% $16, 500, 000	7. 20% $16, 500, 000	4. 83% $3, 300, 000	4. 83% $3, 300, 000
Jan 2022	7. 20% $16, 500, 000 4. 83% $3, 300, 000 Jan 2022	Jan 2022 $386, 059, 756	9. 39% $29, 087, 518	Jan 2022 $386, 059, 756 $36, 249, 453 9. 39% $29, 087, 518	7. 53% $29, 087, 518	Feb 2022 $386, 059, 756 $36, 249, 453 9. 39
Feb 2022	Feb 2022 $313, 298, 305	Feb 2022 $313, 298, 305	6. 69% Feb 2022 $313, 298, 305 $20, 945, 018	6. 69% 6. 69% $15, 132, 871	4. 83% $3, 300, 000	Mar 2022
Mar 2022	Mar 2022 $370, 230, 004	Mar 2022 $370, 230, 004	7. 16% Mar 2022	Mar 2022 $370, 230, 004 $26, 520, 468 7. 16% $22, 751, 210	6. 15% $22, 751, 210	Apr 2022
Apr 2022	292, 796, 670	9. 27% $27, 142, 800	9. 27% $13, 400, 000	7. 94% $23, 245, 647	7. 94% $23, 245, 647	7. 94% $4, 649, 129
May 2022	7. 94% $4, 649, 129 May 2022	May 2022 $261, 582, 468	10. 44% $23, 832, 288	May 2022 $261, 582, 468 $27, 315, 928 10. 44% $23, 832, 288	9. 11% $23, 832, 288	Jun 2022 $261, 582, 468 $27, 315, 928
Jun 2022	9. 11% $4, 766, 458 Jun 2022	7. 35% $15, 855, 649	7. 35% $215, 774, 186 $15, 855, 649	7. 35% 7. 35% $12, 798, 246	5. 93% $215, 774, 186 $15, 855, 649	Jul 2022
Jul 2022	$182, 769, 323	$18, 174, 226	9. 94% $16, 600, 000	18, 344, 020 $18, 344, 020	10. 04% $3, 668, 804	Aug 2022
Aug 2022	205, 863, 860	Aug 2022 $205, 863, 860	13. 21% $24, 379, 237	24, 379, 237 $24, 379, 237	11. 84% $24, 379, 237	Sep 2022 $205, 863, 860 $27, 200, 883 13. 21% $24, 379, 237
Sep 2022	Sep 2022 $336, 933, 437	Sep 2022 $336, 933, 437	13. 74% $43, 584, 813	Sep 2022 $336, 933, 437 $46, 285, 200 13. 74	12. 94% $8, 716, 963	Oct 2022
Oct 2022	Oct 2022 $405, 337, 574	9. 20% $37, 295, 158	9. 20% $34, 798, 407	9. 20% $34, 798, 407	8. 59% $6, 989, 818	8. 59% $6, 989, 818
Nov 2022	Nov 2022 $439, 456, 908	10. 75% $47, 248, 222	10. 75% $45, 150, 107	10. 75% $45, 150, 107	10. 27% $9, 030, 021	Dec 2022
Dec 2022	Dec 2022 $440, 445, 414	Dec 2022 $440, 445, 414	11. 17% $46, 968, 124	Dec 2022 $440, 445, 414 $49, 176, 885 11. 17% $46, 968, 124	10. 66% $9, 401, 952	Jan 2023
Jan 2023	410, 773, 606	Jan 2023 $410, 773, 606	10. 08% $36, 347, 994	Jan 2023 $410, 773, 606 $41, 392, 586 10. 08% $36, 347, 994	8. 85% $7, 269, 600	Feb 2023
Feb 2023	8. 85% $7, 269, 600 Feb 2023	10. 37% $33, 943, 931	10. 37% $31, 844, 712	Feb 2023 $327, 326, 201 $33, 943, 931 10. 37% $31, 844, 712	9. 73% $6, 380, 150	Mar 2023
Mar 2023	Mar 2023 $392, 667, 304	Mar 2023 $392, 667, 304	11. 59% $43, 734, 787	Mar 2023 $392, 667, 304 $45, 506, 700 11. 59% $43, 734, 787	11. 14% $8, 752, 898	Apr 2023
Apr 2023	11. 14% $8, 752, 898 Apr 2023	10. 76% $34, 257, 592	10. 76% $32, 178, 267	10. 76% $32, 178, 267	10. 11% $6, 435, 653	May 2023
May 2023	May 2023 $279, 794, 996	May 2023 $279, 794, 996	13. 26% $35, 725, 385	May 2023 $279, 794, 996 $37, 097, 192 13. 26% $35, 725, 385	12. 77% $7, 145, 077	Jun 2023
Jun 2023	230, 337, 515	Jun 2023 $230, 337, 515	11. 08% $23, 143, 350	11. 08% $23, 143, 350	10. 05% $23, 143, 350	Jul 2023
Jul 2023	11. 08% $23, 143, 350 10. 05% $4, 635, 761 Jul 2023	N/A	0	0	0	Jul 2023 $214, 114, 055
Aug 2023	Jul 2023 $214, 114, 055 $3, 951, 411 Aug 2023	N/A	0	0	0	4, 462, 942
Sep 2023	Sep 2023 $241, 827, 308 $4, 462, 942	N/A	0	0	0	Sep 2023 $418, 063, 447
Oct 2023	Oct 2023 $445, 192, 913	N/A	0	0	0	Nov 2023 $445, 192, 913
Nov 2023	Nov 2023 $515, 512, 604	N/A	0	0	0	Dec 2023 $445, 192, 913 $8, 190, 461
Dec 2023	Dec 2023 $493, 324, 646	N/A	0	0	0	Dec 2023 $493, 324, 646
Jan 2024	Jan 2024 $465, 810, 583	N/A	0	0	0	Jan 2024 $465, 810, 583
Feb 2024	Feb 2024 $378, 234, 659	N/A	0	0	0	Mar 2024 $465, 810, 583 $8, 596, 621 Feb 2024 $378, 234, 659
Mar 2024	Mar 2024 $471, 988, 272	N/A	0	0	0	Mar 2024 $471, 988, 272
Apr 2024	Mar 2024 $471, 988, 272 $8, 710, 419 Apr 2024	N/A	0	0	0	Mar 2024 $471, 988, 272 $8, 710, 419
May 2024	$379, 220, 245	N/A	0	0	0	June 2024
June 2024	June 2024 $342, 198, 408	N/A	0	0	0	June 2024 $342, 198, 408
July 2024	July 2024 $271, 538, 207	N/A	0	0	0	July 2024 $271, 538, 207
Totals	Total	6. 90% 6. 90% 6. 90% 6. 90% 6. 90% 6. 90% 6. 90% 6. 90	6. 90% (6. 90%)	$766, 365, 573	6. 15% $22, 751, 210	$246, 236, 031

*As of July 2023, SWARC will stop providing detailed statistics on sports betting.

Which Legal Sportsbooks are Available in Tennessee?

Tennessee sports betting laws state that mobile sports betting is legal, but retail sports betting is illegal. This means there are no retail sportsbooks in Tennessee.

New legislation would be needed to launch a retail market, and currently there is no sign that this is on the state's radar for the time being.

Legal Online Sports Betting Apps in Tennessee

Sportsbook	Available	Available States
DraftKings	App Store, Google Play	Arizona, Colorado, Connecticut, Indiana, Iowa, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, North Carolina, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee, Virginia, Vermont, West Virginia, Wyoming
Fanduel	App Store, Google Play	Arizona, Colorado, Connecticut, Washington D. C., Indiana, Iowa, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Mississippi, North Carolina, New Jersey, New York, Nevada, Ohio, Pennsylvania, Tennessee, Virginia, Vermont, Washington, West Virginia, Wyoming
Caesars	App Store, Google Play	Arizona, Colorado, Washington D. C., Iowa, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, North Carolina, Nevada, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Tennessee, Virginia, Wyoming, West Virginia
BetMGM	App Store, Google Play	Arizona, Colorado, Washington D. C., Indiana, Iowa, Illinois, Kansas, Louisiana, Massachusetts, Maryland, Michigan, Mississippi, North Carolina, New Jersey, Nevada, New York, Ohio, Pennsylvania, Rhode Island, Tennessee, Virginia, Wyoming, West Virginia New Jersey, Nevada, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming
Superbook App Store, Google Play Arizona, Colorado, Iowa, Maryland, New Jersey, Nevada, Ohio, Tennessee, Virginia Hard Rock Bet App Store, Google Play Arizona, Florida, Indiana, New Jersey, Ohio, Tennessee, Virginia Action 24/7 App Store, Google Play Tennessee Betly App Store, Google Play Arkansas, Ohio, Tennessee, West Virginia ESPN BET App Store, Google Play Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, North Carolina, New Jersey, Ohio, West Virginia Pennsylvania, Tennessee, Virginia, West Virginia Fan atics App Store, Google Play Colorado, Connecticut, Iowa, Indiana, Illinois, Kentucky, Maryland, Massachusetts, Michigan, North Carolina, Ohio, Pennsylvania, Tennessee Vermont, Virginia, West Virginia	App Store, Google Play	*In February 2022, Church Land Downs announced that it will close the Twinspires sportsbook and online casinos and concentrate only on horse racing.
** In August 2023, Wynnbet announced the withdrawal from the Tennessee market.	App Store, Google Play	The Daily Fantasy Sports Law 2016 legalized Daily Fantasy Sport (DFS) in Tennessee. The law requires all businesses that wish to start in the state to apply for a license through charitable solicitation and gambling departments.
The Tennessee DFS market is quite active, and 9 companies are currently acquiring a license.	App Store, Google Play	DraftKings
Foundation	App Store, Google Play	Owner's Box 3. 0 Corporation
RealTime Fantasy Sports, Inc.	App Store, Google Play	Toy Nine Sports Co., Ltd.
Underdog Sports Co., Ltd.	App Store, Google Play	Tennessee is currently banning casino gambling in all forms. In other words, there are no brick casinos or approved online casinos. The state has a history of strictly cracking down on gambling of all forms, but the passing of both DFS and sports betting seems to show a change in tide.

However, the possibility of passing a mobile casino or poker bill is extremely low without finding the possibility of the retail business. I don't think this would happen soon, but until a while ago, the same was said to be sports betting.

Is sports betting legal in Tennessee?

Yes, Sportsbetting was legalized in Tennessee in June 2019 and started in November 2020.

Is Mobile Sports Betting legal in Tennessee?

Daily Fantasy Sports in Tennessee

Yes, mobile sports betting is legal and the only option that can be used in Tennessee.

Is there a retail sportsbook in Tennessee?

No, retail sports betting is illegal by state law.

• What is the legal age of Sportsbetting in Tennessee?
• Those who want to bet on a sports betting app in Tennessee must be over 21 years old.
• Which sport can you bet in Tennessee?
• In Tennessee, you can bet on all major sports and college sports. However, Impreveting at university sporting events is prohibited.
• How to create an account for a sports betting app?
• You can register from the app, but you need to show an effective ID card and a social security number.
• Last update February 24, 2024
• Brien joined the USBETS in October 2018 and served as a senior reporter and online content manager of Card Player Magazine for about 10 years. Currently, he is focusing on legal and regulated sports betting and online games. He is also an enthusiastic Ji u-Jitsu person at free time.
• In May 2019, Governor Bill Lee legislated online sports betting in Tennessee, with Governor Bill Lee legalized without his own signature. Lee opposed the expansion of gambling in volunteers, but chose to meet the will of the parliament and did not prevent policy initiatives.

What about online poker in Tennessee?

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Lee definitely didn't want to have a real store. Thus, Tennessee was the first country in Japan to legalize the online / mobile sports gambling industry. Lee also hoped that the Tennessee Educational Lottery Corporation (TELC) will be in charge of this activity, rather than establishing a new regulatory organization. He fulfilled his hope. Since there is no casino in Tennessee, the discussions over the Interne t-only gambling were not so complicated, and at least the members of the Diet were not struggling to use their companies and employers to their policies. 。 Ultimately, many people expected Tennessee to be on the sidelines, but Tennessee is quite quick, following the Federal Supreme Supreme Court ruling in 2018 canceled the ban on sports gambling outside of Nevada. I moved the ball.

Tennessee Sports Betting Law

The process has been relatively united, and Knoxville's Democratic Democratic Lick Staples submitted a bill "House of Representatives bill 1" in late 2018. The bill was featured in 2019 and finally reached Lee's desk after several twists and turns. The bill passed the lower house 58 to 37 and the Senate by 20 to 12. Most of the members of the Diet in the elections have been strictly opposed by members of the Diet who oppose general gambling, but most of the members of the Diet who have been driven out the shadows and have already taken the tax revenue that has already been made through illegal betting routes. I agreed that it was time to get it. An example of ant i-gambling resistance was to prohibit betting on Sundays and holidays. This amendment paralyzed the regulated sports gambling industry and was rejected during the legislative process committee stage. The sports gaming method was enforced on July 1, 2019, but TELC took time to create regulations. Eventually, the industry began, and the betting began on November 1, 2020.

Tennessee's Sports Betting is limited to those who are physically existing in the state, 21 or older. Users can register their accounts remotely, such as online/ mobile platforms.

Best legal TN sportsbooks

Sports books must use "commercial and technical and reasonable procedures" so that minors do not play. Sports leagues and organizations are banned from betting. People who can access important private information on athletes are also prohibited. It is forbidden for a specific state public servant to participate in sports gambling. TELC has a list of categories excluded from gambling and is distributed to a sportsbook approved by the state for compliance.

The bill establishes Tennessee Education Lottery Corporation Sports Wagering Advisory Council. The three are the governor, the three are the three chairs of the lower house, and the three are the Senator.

BetMGM Regulatory authorities must submit an annual report on the sports betting industry to the governor. It must be submitted every year by September 30. Most states publish information about betting every month, but Tennessee is a bit less transparent.

Propert beds during university sports games are prohibited with bets on injuries and penalties.

Fanduel This law has given TELC the authority to create industry advertising rules. Sportsbooks are required to carry out the minimum problem/ responsible gambling safeguard, such as enabling Better's sel f-exclusion and restricting beds and bets on the platform. Better is limited to one account per sportsbook.

Better can provide funds to the account through debit cards, electronic bank transfer, online and mobile payment systems, or other funding approved by regulatory authorities.

DraftKings In addition, if there is a debate related to public policies and safety, the league can request TELC to exclude a specific bet. Regulatory authorities carefully consider this request.

A licensed operator must pay 20 % tax on the sports betting income after adjustment.

The annual license fee is $ 750, 000, which is relatively expensive for a sports book, and a $ 50, 000 application fee is charged. TELC decides whether to approve the application within 90 days.

How the TN sports betting law came together

Tax revenues are used to prevent and treat gambling addiction by mental and drug abuse services for infrastructure projects (80 %), infrastructure projects (15 %). The license fee will be donated to the Tennessee State Promise State Fund.

Inside the provisions of House Bill No. 1

Who can play

• It is forbidden for the sports league to have a sports gambling license.
• The law obliges that sportsbooks are closed or for other reasons to keep cash at hand. To protect the funds of the player.
• This law requires regulations to deal with ant i-money laundering.

Who’s in charge

• This law stipulates the definition of sports betting vendors. Regulatory authorities can set vendor minor fees.
• The law requires "official league data" to settle the betting money during the match.
• In this law, this data provides such information to Licensee for the purpose of livebacking from sports or sports leagues, organizations, organizations related operations, or such operational organizations. Defined as statistics, results, and other data related to sporting events, acquired based on agreements with the approved organization.

Restrictions on betting

• Sports books need to use such data as long as they are provided under "commercially reasonable conditions".
• Volunteer states are one of the more no n-friendly states for legal gambling. There are no casinos and racetracks, but residents can access online betting sites. Since the sem i-final betting gambling is not illegal under state law, many people in the state use advance gambling. Tennessee was aiming for a proprietary horse racing industry with a betting money under the Horse Racing Management Law enacted in 1987, but was not fully implemented. The Horse Racing Management Law was abolished in 2015.
• In 2016, Tennessee passed the Fantasy Sports Law and regulated and approved the industry. This is a pioneer in sports betting. The to p-class DFS site is currently part of a major sports betting company in the state.
• Tennessee established a lottery in 2003, which is limited to real stores. TELC has an app that can access the winning ticket information, but has not been accepted through the Internet. In Tennessee, sales expansion on the web has not yet been seen.
• Volunteers approved Tennessee's lottery in 2002 prior to the first sale in 2004. According to a recent state report, lottery has reported a total of $ 1, 735 million ticket sales of $ 1, 735 million in 2018, with a total of more than $ 18. 3 billion.
• In addition to horse racing, DFS, and lotteries, Tennessee has acknowledged that no n-profit organizations will apply for permission to hold bingo and other games for funding. Furthermore, the state law defines "futures or product transactions" (stock market activities) as legal. < SPAN> In this law, such data has such information to Licensei for the purpose of live betting from sports or sports leagues, organizations, organizations, or such operations for the purpose of live betting. It is defined as statistics, consequences, and other data related to sporting events, acquired based on agreements with the approved organizations.
• Sports books need to use such data as long as they are provided under "commercially reasonable conditions".
• Volunteer states are one of the no n-friendly states to legal gambling. There are no casinos and racetracks, but residents can access online betting sites. Since the sem i-final betting ticket gambling is not illegal under state law, many people in the state use advance gambling. Tennessee was aiming for a proprietary horse racing industry with a betting money by the Horse Racing Management Law enacted in 1987, but was not completely implemented. The Horse Racing Management Law was abolished in 2015.

Licensing, Fees and Taxes

• In 2016, Tennessee passed the Fantasy Sports Law and regulated and approved the industry. This is a pioneer in sports betting. The to p-class DFS site is currently part of a major sports betting company in the state.
• Tennessee established a lottery in 2003, which is limited to real stores. TELC has an app that can access the winning ticket information, but has not been accepted through the Internet. In Tennessee, sales expansion on the web has not yet been seen.
• Volunteers approved Tennessee's lottery in 2002 prior to the first sale in 2004. According to a recent state report, lottery has reported a total of $ 1, 735 million ticket sales of $ 1, 735 million in 2018, with a total of more than $ 18. 3 billion.
• In addition to horse racing, DFS, and lotteries, Tennessee has acknowledged that no n-profit organizations will apply for permission to hold bingo and other games for funding. Furthermore, the state law defines "futures or product transactions" (stock market activities) as legal. In this law, this data provides such information to Licensee for the purpose of livebacking from sports or sports leagues, organizations, organizations related operations, or such operational organizations. Defined as statistics, results, and other data related to sporting events, acquired based on agreements with the approved organization.
• Sports books need to use such data as long as they are provided under "commercially reasonable conditions".
• Volunteer states are one of the no n-friendly states to legal gambling. There are no casinos and racetracks, but residents can access online betting sites. Since the sem i-final betting gambling is not illegal under state law, many people in the state use advance gambling. Tennessee was aiming for a proprietary horse racing industry with a betting money under the Horse Racing Management Law enacted in 1987, but was not fully implemented. The Horse Racing Management Law was abolished in 2015.
• In 2016, Tennessee passed the Fantasy Sports Law and regulated and approved the industry. This is a pioneer in sports betting. The to p-class DFS site is currently part of a major sports betting business operator.

Sports league data rule

• Tennessee established a lottery in 2003, which is limited to real stores. TELC has an app that can access the winning ticket information, but has not been accepted through the Internet. In Tennessee, sales expansion on the web has not yet been seen.
• Volunteers approved Tennessee's lottery in 2002 prior to the first sale in 2004. According to a recent state report, lottery has reported a total of $ 1, 735 million ticket sales of $ 1, 735 million in 2018, with a total of more than $ 18. 3 billion.
• In addition to horse racing, DFS, and lotteries, Tennessee has acknowledged that no n-profit organizations will apply for permission to hold bingo and other games for funding. Furthermore, the state law defines "futures or product transactions" (stock market activities) as legal.

Brief history of gambling law in Tennessee

Poker home games are strictly illegal in Tennessee. There is no special case for social gathering in this state. Of course, enforcing poker's law on home games is a logistics nightmare for any state. As a result of participating in poker games, light crimes and small fines may be fine.

Tennessee had an exception to the league match between the March Madness bracket and the Fantasy Football League. In 2019, the state passed the “March Madness and Fantasy Football Freedom” and allowed a ba y-in up to $ 25 and a prize pool of $ 1, 000. Only individuals are allowed to organize and implement such a social gambling pool.

Online casinos and poker platforms, which are not regulated in offshore, provide services to Gamblers in Tennessee, despite violating the state law. Tennessee will eventually consider expanding online gambling, including casinos and poker, to hit the dark market. The legal legal online / mobile sports book operator, especially in pencil veneers and New Jersey, has already gained a wealth of online casino gambling experience.

In recent years, Tennessee has greatly changed its ant i-gambling position through DFS, March Madness, and traditional sports gambling and sports. During his tenure, the Governor Lee declared that he did not want a new gambling approval, but the future of volunteer states seems to be bright. Governor Lee, who took office in 2019, is not forever governor. Future policy creators will focus on continuing the state change.

The Tennessee Congress passed a bill to legalize sports betting in April 2019, and was officially enforced on July 1, 2019. In November 2020, the first sportsbook opened in the state. Volunteers are the first states that legalized only online gambling and eliminated actual stores.

Technicalities

Currently, there are 13 businesses, and some operators can use Tennessee sportsbook promo. The newest is Zensports approved in May 2023.

Total handle

Privilege tax

Note: All Tennessee sports betting markets are mobile. The state no longer reports monthly profits and reports only the steering wheel and tax.

Latest Tennessee Sports Betting Handle and Taxes Information

The final month of summer has brought a return of normalcy to Tennessee sports betting operators, with bet handle and betting taxes collected in August, the eighth calendar month of the year, increasing 26. 0% month-over-month.

Overall, Tennessee sports betting operators collected $342, 021, 374 in sports betting gross handle in August, up 26. 0% from July's total of $271, 538, 207, indicating the market is returning to the mean now that football has returned to the Volunteer State.

Tennessee Sports Betting, August vs. July

On the tax front, Tennessee sportsbooks collected $6, 311, 946 in August, up 2. 6% month-over-month from $5, 011, 204 in July.

Year-over-year, August sports betting volume increased 41. 4% from last year's total of $241, 827, 308, and state taxes also increased significantly from the $4, 462, 942 collected in the eighth month of 2023.

Note: Tennessee sports betting operators no longer report gross payout or gross revenue data, so their actual revenues during August are not available.

Tennessee Sports Betting Handle and Taxes: August 2024

What is Tennessee's sports betting volume in 2023?

What is the tax rate for sports betting in Tennessee?

When Tennessee lawmakers first legalized sports betting, they imposed a 20% tax on revenue. However, a new bill was passed in the 2023 General Assembly that will change how the state makes money from sports betting. Beginning in July 2023, Tennessee will impose a 1. 85% tax on handle, or the amount wagered in a month minus the federal handle excise tax of 0. 25%. Tennessee is the first sports betting state in the nation to earn revenue in this way. Tennessee no longer reports revenue, only handle and tax.

How often does Tennessee release its online sports betting revenue figures?

Tennessee no longer releases monthly revenue figures, but instead shares handle and tax information, and that data is posted on the state Sports Betting Council website (tn. gov/swac).

Tennessee Mobile Sports Betting History

Tennessee Sports Betting Handle and Revenue FAQs

Where does TN's sports betting tax revenue go? Tennessee gives 80% of its sports betting tax revenue to education and 15% to local governments. The remaining 5% funds the state's mental health programs. The state collected $68 million in sports betting taxes in 2022, a significant increase from $40. 7 million in 2021.

Who regulates sports betting in Tennessee?

The Tennessee Sports Wagering Council (formerly Sports Wagering Advisory Council) supervises sports betting in the state and plays a role in giving operators a license.

What is the handling of mobile sports betting?

Mobile sports betting is defined as a bet on a mobile device or online website. All bets in Tennessee are made through mobile devices or online devices. Many operators in the state provide customers in Tennessee's sports betting promo.

What are the handles and profits in sports betting?

The handle is the amount that Better bet during a specific period. In Tennessee, it costs hundreds of millions every month. Profit is to hold after the sports book pays the winning bet.

Bettennessee. com experts will provide the latest information on Tennessee's sports betting. We will gather for decades and provide not only analysis, but also the best online gambling app, Tennessee.

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