The online-only Tennessee sports betting industry just got bigger last week with the addition of two more online gambling operators.
In an announcement made last Friday, the Tennessee Lottery’s Sports Wagering Committee has approved licenses for two more Tennessee sports betting online operators, bringing the total number of online sports betting options in the Volunteer state to seven.
Lottery CEO Rebecca Hargrove revealed that Willian Hill and Wynn Sports have been granted permission by the Commission to commence Tennessee sports betting activities. However, Hargrove added that the two new players and Churchill Downs won’t have their sportsbooks live when the NFL plays it championship game next weekend at Super Bowl LV. DraftKings, FanDuel, BetMGM, and Tennessee Action 24/7 are the four sportsbooks ready to accept Super Bowl bets in the Volunteer State.
Affected by Christmas Day Explosion
A reason why one of the new Tennessee sports betting company won’t be able to go live on February 7th is the fact that its server was affected by the Christmas Day explosion in Nashville. The blast injured a dozen people and saw several buildings damaged. While the operator was not identified, the issue with its Nashville server isn’t expected to be resolved in time for SuperBowl Sunday.
Meanwhile, Churchill Downs received approval in early January. It will operate under a BetAmerica sportsbook that is being rebranded as TwinSpires but the company has not set a launch date. WynnBET Tennessee has likewise not announced when it will go live while William Hill is expected to commence operations next month.
$180M December Handle
Tennessee passed the United States’ first online-only legal sports betting law in 2019 with Republican Governor Bill Lee allowing the bill to pass without his signature. The law took effect that summer with the Lottery tasked to administer Tennessee sports betting. Online sports betting began last November for people 21 and over who are physically in the boundaries of the Volunteer state.
Last Tuesday, the Tennessee Lottery reported a December 2020 betting handle of $180.9M which represented a 37.7% increase from the state’s $131.4M haul in its debut month last November. Gross payouts in December were recorded at $167M which was a significant 41% increase from the previous month’s $118.2M. The state received a privilege tax of $3.1M for December 2020, a 29.2% increase from November’s $2.4M figures.