Tennessee has taken another big step to the road to its official online sports betting launch on November 1 2020. Tennessee Education Lottery officials recently granted conditional betting licenses to its first sportsbook operators — DraftKings, FanDuel, BetMGM.
The Lottery Board’s Sports Wagering Committee approved the first group of gambling firms’ applications at the recent meeting and also approved was the operation’s first supplier application and a further 26 vendor applications.
This now means that three of the nations Top 3 online sportsbooks are now officially licensed in Tennessee to offer online sports wagering experiences to residents and visitors to the Volunteer State. The 3 sportsbooks are ready to launch their services on November 1 via the desktop and mobile app platforms.
Susan Lanigan, the Chair of the Board at the Wagering Committee, went on the record with excited anticipation;
“The staff at the Tennessee Lottery performed a tremendous amount of work and due diligence to prepare us for these decisions today. We appreciate their efforts as we work to establish and support a responsible and competitive sports wagering program in Tennessee,” Ms. Lanigan said.
What Tennessee sports betting will look like
From November 1, to place online sports bet in Tennessee, bettors must be at least 21 years of age and present within state lines at the time of placing their wagers. Geolocation technology will ensure that Tennessee’s licensed sportsbooks will only offer their services to bettors physically located within state lines.
BetMGM, DraftKings, and FanDuel are 3 of the largest online sports betting operators in the United States for good reason. The 3 are are customer-focused, offering a wide range of competitive odds and boosters for those using their sportsbook and a range of blog articles offers daily/weekly (depending on the sport) advice of picks for those bettors using the sportsbooks.
In the lead-up to launch date in Tennessee, all three sportsbooks are offering Tennesseans sign-up incentives along with odds boosters on the Titans in the first few weeks of launch this coming November. The 3 are clearly looking to snare as much of the Tennessee sports betting market as possible before more competition is announced.
Unique in its format without land-based sportsbooks or casinos in Tennessee, this will put more emphasis on people registering before November 1 so that when launch day arrives, bettors can simply log-on and place wagers without the additional sign-up procedure required.
4th Online Sports Betting Operator OKed in the Volunteer State
Tennessee Lottery Board’s Sports Wagering Committee has conditionally approved a 4th online sportsbook operator to join DraftKings, BetMGM and FanDuel. Home-grown in the Volunteer State, Tennessee Action 24/7 drew approval from the Tennessee Lottery’s Sports Wagering Committee. Investors, businesses and employees from across the state of Tennessee make up Action 24/7, which handily boasts a “made for Tennesseans by Tennesseans” approach which could prove incredibly popular with parochial potential sports bettors when November 1 ticks around.
The committee also approved the next five supplier applications and a further 6 vendor applications. The next meeting of the committee is October 16 as the last before the November 1 launch date for sports betting in Tennessee.
“We are working diligently with all applicants as we establish and support a responsible and competitive sports wagering program in Tennessee,” President and CEO of the Tennessee Lottery Board Rebecca Hargrove announced in a media release.
There are three categories of potential applicants for sports betting in the Volunteer State: licensee (operator), supplier and vendor. Definitions of all three terms and roles can be found in rules on the sports wagering page of the Tennessee Lottery website..