Tennessee Sports Betting

Recent news and details about sports betting in TN

Tennessee is officially sports betting state! Both houses of government passed a bill in May that allows the Volunteer State to offer sports betting to citizens and visitors. The bill went unsigned by Gov. Bill Lee but it became a low without his signature anyway.

Projected TN sports betting launch date

The new law specifies that each county must hold a special election in order to allow sports betting to proceed inside its borders. Conducting those elections will take some time.

Additionally, operators will need to receive their licenses and build their infrastructures before they can begin accepting wagers. Based on the timeframes from Pennsylvania and New Jersey, sportsbook operators can usually go from license application to launch in about 3 months.

It’s unlikely that Tennessee will be accepting bets by the time college football starts on Aug. 24 and the NFL season begins on Sept. 5, but it is probably a good guess that the first Tennessee sports bets will be taken by Jan. 1.

TN Sports Betting FAQ

Is sports betting legal in Tennessee?

Yes. By virtue of H-1, sportsbook operators can obtain licenses and run sportsbooks in Tennessee. However, they must receive a favorable vote from a resident county before they may operate in that county.

When will sports betting be legal in Tennessee?

It is legal right now, but there are no rules or regulations to govern the actual activity itself. So, based upon how quickly other states moved, Tennessee will probably have active sportsbooks by the beginning of September 2019.

Is any gambling legal in Tennessee?

A few types are available. Tennesseans may play in lottery games and daily fantasy sports.

However, there are no casinos within the state lines.

Are there any casinos in Tennessee?

At this time, none. The nearest casinos to Tennessee tend to be the properties in Tunica, Mississippi. Tennessee residents on the eastern side of the state can also visit the two Harrah’s tribal casinos in North Carolina.

What is the legal gambling age in Tennessee?

18. Since lottery and DFS are the only types of gambling in the state, Tennessee’s gambling age is lower than in other states. However, it is probable that the newly-formed sports betting commission will require persons to be 21 if they wish to play.

Is Bovada legal in Tennessee?

Bovada, MyBookie, and other “grey market” sites are mostly illegal. These types of sites are headquartered and hosted offshore, so they do not conform to US regulations.

As such, there are always the dual threats of restricted access and lack of legal recourse. The US government could theoretically restrict access to the site, locking US players out, at any time.

Additionally, any disputes between US players and these types of sites are not subject to the American court system, and that can make it difficult to pursue any grievances. That could result in player funds being locked on the offshore site.

Which states have legal sports betting near Tennessee?

The nearest location for legal sports betting to Tennessee would be West Virginia. West Virginia opened its first sportsbooks in December 2018, and there are now three in operation throughout the state.

Hopefully, online sports betting will return to West Virginia in the very near future, too. West Virginia did have one online book, BetLucky, for a time. However, BetLucky’s operations are suspended indefinitely due to some contractual disputes with its owner and vendors.

How to gamble in Tennessee?

While sports bettors wait for sportsbooks to launch, gambling is currently running in Tennessee in the form of daily fantasy sports. DFS was legalized in 2018. DraftKings and FanDuel are among the legal operators in TN.

Tennessee Sports Betting News

What Exactly Is ‘Commercially Reasonable’ Pricing For Official League Data?

January 14, 2020

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.

The post What Exactly Is ‘Commercially Reasonable’ Pricing For Official League Data? appeared first on Legal Sports Report.

How Many Millions Would Tennessee Sports Betting Forfeit With Minimum Hold Rule?

January 13, 2020

Tennessee sports betting could cost itself nearly $11 million annually in tax revenue by imposing minimum hold requirements on operators.

The post How Many Millions Would Tennessee Sports Betting Forfeit With Minimum Hold Rule? appeared first on Legal Sports Report.

Some Of The Proposed Tennessee Sports Betting Rules Look Like A Huge Mess

December 20, 2019

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 issue public comment on the rules, and their impact on sports betting in the Volunteer State. That deadline has been pushed back to Jan. 6, Legal Sports Report has learned, […]

The post Some Of The Proposed Tennessee Sports Betting Rules Look Like A Huge Mess appeared first on Legal Sports Report.