On July 1, 2019, the Tennessee Sports Gaming Act entered effect as Gov. Bill Lee concurred to permit the costs to end up being law without his signature. Gov. Lee emphatically opposed gambling but comprehended that legal online sports betting remained in his state's benefit.
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Review this timeline of Tennessee's sports gambling history for an introduction of its milestones:
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Dec. 12, 2024: Tennessee makes a record-breaking $591 million deal with in November, surpassing the state's previous high by $47 million.

Nov. 14, 2024: Tennessee sports bettors bet a record $551 million in October.

Oct. 25, 2024: Tennessee fines Bovada $50k (and counting), for accepting wagers without a license. The Sports Wagering Council (SWC) had formerly sent cease-and-desist letters to the online sportsbook's Curacao address.

Oct. 18, 2024: Bally Bet formally goes live in Tennessee, making it the 12th online operator in the state.

Sept. 19, 2024: Tennessee Titans' Nicholas Petit-Frere signs up with a sports betting company as a dream expert after being suspended for sports betting formerly.

Sept. 12, 2024: Tennessee increases its sports betting handle and earnings in August thanks to the return of football.

July 23, 2024: A Tennessee guy wins $900K at Fanatic Sportsbook after properly choosing the outcome of four 2024 T-Mobile Crowning achievement Derby matches.

July 22, 2024: SuperBook Sports pulls out of 8 post-PASPA states, including Tennessee.

July 12, 2024: Tennessee's SWAC releases June sports wagering numbers. With a $344.8 million manage, TN sportsbooks see a 49% boost in year-over-year action.

March 12, 2024: Tennessee's sports betting deal with falls below $400 million in February - an 18.6% month-over-month decline.

Feb. 24, 2024: Tennessee's sports wagering manage continues to fall in January, bringing in $467.4 million in wagers, which is a 5.5% MoM reduction.

Jan. 25, 2024: PrizePicks includes a brand-new peer-to-peer video game in Tennessee and 3 other U.S. states - PrizePicks Arena.

Jan. 17, 2024: Tennessee's sports wagering handle drops below $500 million in December, which is a 4.2% drop from November.

Nov. 14, 2023: ESPN BET goes cope with online and mobile sports betting, releasing in Tennessee and 16 other states.

Nov. 2, 2023: ESPN BET plans to launch on Nov. 14, 2023, with online sports betting going live in 17 U.S. states, consisting of Tennessee.

Aug. 11, 2023: WynnBET Tennessee announces the closure of its online sports wagering operation as quickly as possible.

June 28, 2023: Tennessee will soon tax sportsbooks based upon their wagering deal with rather of their earnings.

June 13, 2023: ZenSports launches in Tennessee, making it the thirteenth mobile operator in the state.

May 18, 2023: Gov. Bill Lee authorizes changes to Tennessee's sports betting tax guideline.

May 1, 2023: Fanatics Sportsbook introduces its mobile app in Tennessee and Ohio.

April 27, 2023: Fanatics prepares to introduce its sports betting app in Tennessee on Monday, May 1. Current Fanatics customers will receive a distinct code to access the app.

April 25, 2023: Yahoo gets Wagr, a social peer-to-peer sportsbook app founded in Nashville, TN.

April 21, 2023: Your house approves HB 1362, a changed variation of the Senate's SB 0475. If signed by Gov. Bill Lee, Tennessee will become the very first state to tax sports betting wagering operators on their overall manage. A 1.85% tax on sports wagering handle would replace the existing 20% tax on gross profits.

April 19, 2023: Tennessee sportsbooks take in $392.6 million in sports bets in March - a 20% bump from the state's February deal with.

March 1, 2023: Fanatics receives its mobile sports wagering license in Tennessee. However, it has no particular launch date prepared.

Feb. 24, 2023: Following a strong proving in December, Tennessee's sports betting deal with fell in January by almost 7%.

Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) approximates that Tennessee lost out on about $11 million in tax earnings in 2022 since multiple operators - including Caesars, DraftKings, and BetMGM - failed to hit the state's 10% hold rule.

Feb. 13, 2023: ZenSports, recently gotten by KeyStar Corp, might end up being Tennessee's 14th legal betting site if its application is authorized.

Dec. 19, 2022: BetMGM is named a main sports wagering partner of the Nashville Predators. The multi-year collaboration consists of a BetMGM-branded dining establishment and signage at Bridgestone Arena.

Dec. 15, 2022: November betting equates to a brand-new Tennessee sportsbook betting record, as betting websites dealt with $439.5 million in wagers.

Nov. 11, 2022: Tennessee sports betting strikes a record high in October, as the state records an all-time handle of $405.3 million.

Oct. 24, 2022: Tennessee's sports wagering regulator approves license renewals for BetMGM, DraftKings, FanDuel, and Action 24/7.

Oct. 18, 2022: Tennessee sports betting in September saw a big boost compared to August, as online sportsbooks generated more than $336.9 million in bets.

Sept. 6, 2022: Acid rock Sportsbook releases in the state, becoming TN's 11th active sportsbook.

Aug. 16, 2022: Tennessee ends up being the 3rd state to release a Betly online sportsbook.

Aug. 3, 2022: Caesars Sportsbook becomes a main sports wagering partner of the Memphis Grizzlies.

April 27, 2022: SuperBook introduces sportsbook operations in Tennessee.

April 14, 2022: Wagr, a Tennessee-based sportsbook, becomes the main sports betting wagering partner of the MLS' Nashville FC.

March 10, 2022: The Tennessee Sports Wagering Advisory Council (SWAC) approves three brand-new mobile sportsbooks. When Bally Bet, Betly, and SuperBook launch online operations, TN will be up to 13 certified sportsbooks.

Feb. 17, 2022: Tennessee signs up an all-time single-month record of $386 million in sports betting handle for January.

Feb. 10, 2022: Fubo is authorized as the 10th sportsbook for online wagering in Tennessee. A launch date is not announced.

Jan. 24, 2022: Wagr ended up being the first peer-to-peer wagering platform to receive a license in the U.S. and is the ninth lawfully licensed sportsbook operator in Tennessee.

Jan. 4, 2022: Record earnings produced by Tennessee-licensed sportsbooks continue, with near $40 million in November.

Jan. 1, 2022: SWAC takes control of the regulation of sports betting from the Tennessee .

Dec. 17, 2021: The sports betting Wagering Advisory Council (SWAC) will presume sports betting wagering regulative tasks in January following a handoff from TELC.

Nov. 17, 2021: Tennessee ends up being the fifth-fastest state to surpass $2 billion in bets, signing up $2.335 billion in sports betting manage during the very first 12 months.

October 2021: The Volunteer State tape-recorded its largest-ever regular monthly manage in September