- Jan 13, 2021 /
- Lottery
Five years ago, a couple in Tennessee won $528 million playing the lottery. The jackpots are soaring in early 2021. Could it happen again?
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Everything you need to know about mobile sports betting apps in Tennessee
Our guide to making quick and safe deposits and withdrawals at TN sportsbooks
The sports betting bill mandates that just 10 brands will have the opportunity to become licensed and launch websites / apps in the state. With licensing now under underway, we’ll soon know which operators will be accepting bets in Tennessee.
Since Tennessee has no brick-and-mortar casinos, sports gamblers won’t have to choose between international gambling software brands like Unibet, and more well-known regional brands, like Parx Casino in PA, for example.
This blank slate gives daily fantasy giants DraftKings and FanDuel a massive edge over the competition. That’s because unlike other sports betting companies, DraftKings and FanDuel have been operating in Tennessee for years, and will be familiar to a large chunk of potential sports gamblers.
The two brands are already leading the online industry in other states, and will likely continue that trend in TN.
No, anyone inside the state over the age of 21 may bet on sports, even those simply passing through for a short period of time.
While TN sports betting proponents initially proposed offering wagering via kiosks and at select brick-and-mortar locations, the idea was eventually nixed. Tennessee sports betting will be strictly mobile and online-only.
No. Unlike New Jersey and Pennsylvania, which have legalized sports betting, as well as online casinos and poker, only sports wagering has been legalized in Tennessee. Any websites or advertisements you see promoting online gambling in the Volunteer State are marketing unregulated, black-market online casinos, which are very dangerous for consumers.
Yes! TN’s online sports betting market launched on Nov. 1, when DraftKings, BetMGM and FanDuel sportsbooks were give the green light to being taking bets.
A full slate of bet types will are now available in TN, including props, moneyline, totals, parlays, futures, in-game bets and more.
One caveat, though, is that prop betting on all NCAA football and basketball games will be prohibited.
Definitely not. Players must be physically inside the borders of the state in order to place bets for real money.
However, it is possible to set up an account, view lines and make deposits and withdrawals from outside of the state, but to actually make your bets, you’ll need to be inside Tennessee.
You do have the option of travelling into the state to make your bet, then leaving immediately.
Before anyone can place a bet, geolocation software integrated into mobile devices, and add-ons installed on desktops and laptops, will verify your location for operators.
Use of a VPN to spoof your location if prohibited and would be easily detected by the geolcation software.
The technology is highly accurate and not easily fooled by those who may try to gamble from outside of the state’s borders.
The Tennessee Education Lottery Corporation is tasked with overseeing sports betting activity in the state. It will provide a committee to review licensing applications and police the industry.
Free and instant deposits and withdrawals
Accepts PayPal, ACH, Visa, MasterCard and more
Regular odds boosts and promos for returning players
Dedicated, full-featured mobile apps
Agents are fast, knowledgeable, and available 24/7
Backed and regulated by governmental agencies
Well-known and trusted brands
Thoroughly tested for safety and security
More competition means better bonuses and pricing
FanDuel has earned its place as one of the leaders in U.S. online sports betting and is not one of the top brands in TN.
DraftKings was previously known as a DFS powerhouse but has now fully embraced legal sports betting.
BetMGM is the polished TN online sportsbook offering of the world famous MGM brand.
The prospect of bringing sports betting to Tennessee was made possible by a groundbreaking Supreme Court ruling in May 2018, which struck down a law that, for over two decades, had limited the vertical mainly to Nevada.
TN legislators saw neighboring states either legalizing or eyeing their own sports betting bills, and were keen to establish the industry inside the state, lest they lose out on a potentially large source of tax revenue.
State Democratic Rep. Rick Staples got the sports wagering conversation started in November 2018, when he introduced bill HB 0001 ahead of the 2019 legislative session.
The bill proposed legalizing online and mobile sports betting in the state, along with wagering at physical kiosks. Operators would be taxed at 10% and pay a negligible $7,500 licensing fee.
After adding an amendment banning prop betting on collegiate sports, lawmakers advanced the bill out of committee and it moved to the full statehouse. In April 2019, the legislation passed both chambers, making Tennessee the first state to legalize sports betting for mobile and Internet connected devices only.
Gov. Bill Lee, who had previously expressed concern that regulated sports betting might somehow usher in organized crime, let the bill become law without his signature.
The state finalized and adopted its official rules and regulations for sports betting on April 15, 2020. Online sports betting finally launched in the state on November 1 of that year, when DraftKings, BetMGM and FanDuel began taking real-money sports bets.
April 2019
November 1, 2020
Anyone 21 years and up who is physically inside the state
The Tennessee Education Lottery Corporation
Via mobile and internet connected devices only
20% on adjusted gross income
$50,000/$750,000
Education, local government and gambling addiction treatment programs
TN sportsbooks must hold an average of 10% of bets made
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