Draftkings Tennessee
DraftKings in Tennessee Tennessee has legalized sports betting! However, Tennessee is doing things a bit differently. All sports betting will be online/mobile betting and the fist sportsbooks launched November 1st, 2020. DraftKings also cited how Tennessee’s proposed rules failed to measure up to competitors. PGA, home to the famous golf tournament PGA TOUR, worried that Tennessee’s proposed rule banning bets placed on individuals or certain sports plays would discourage bettors from wagering on golf, a sport which necessitates close attention to both. DraftKings college sports. DraftKings college football and basketball contests are available to players in any state where it is not specifically banned by law. DraftKings had stopped offering them for a few years voluntarily. FanDuel college sports. FanDuel restarted college football and basketball contests where allowed by law in 2018. DraftKings Tennessee Tennessee based bettors have a reason to smile seeing as sports betting is finally legal in the state. All the sports wagering activities here can be done on mobile or online. The first sportsbook premiered on 1st Nov 2020, with DraftKings being the first sportsbook to get approval to run in Tennessee. .Reward tiers are as follows: $3, $10, $100 and $500 are awarded as site credits and can only be used on DraftKings. $1,000, $10,000 & $25,000 are issued.
A trio of major sportsbook operators received conditional licenses to operate in Tennessee once the state launches sports wagering, possibly Nov. 1 or sooner.
“The staff at the Tennessee Lottery performed a tremendous amount of work and due diligence to prepare us for these decisions today,” Board Chair Susan Lanigan said in a press release. “We appreciate their efforts as we work to establish and support a responsible and competitive sports wagering program in Tennessee.”
The first three Tennessee sportsbooks
Draft Kings Tennessee
DraftKings, FanDuel and BetMGM TNall got approval at a Tennessee Education Lottery Corporation (TEL) board of directors committee meeting held on Wednesday in Nashville. TEL oversees sports betting in the state.
FanDuel and DraftKings were approved as their corporate entities, Betfair Interactive US LLC and Crown TN Gaming, respectively.
It’s not entirely clear how many sportsbooks there will be in Tennessee at launch. Back in August, the lottery reported that four operators had submitted complete applications for vetting.
The lottery said that it would consider other applications for full licenses and vendors at upcoming meetings on Oct. 5 and Oct. 16.
Coincidentally — or not — DraftKings and FanDuel are the two biggest sportsbooks around the country in terms of wagers handled and revenue. BetMGM is the third-largest operator in some states that have legal sports betting.
Before launching, DraftKings is letting users sign up and claim a free bet. Details here.
When are Tennessee sportsbooks going live?
The approval of some operators seems to jive with the idea that the lottery will be live with online sports betting before the end of the year.
Wednesday’s move confirms three of those operators will be ready.
Draftkings Sportsbook In Tennessee
Back in August, the lottery made clear that it was hoping for a concurrent launch of the four initial operators on whatever date it happens, be it before, on, or after Nov. 1. Wednesday’s release from the lottery noted an “intended Nov. 1 go-live date.”
Draftkings Tennessee $50
“We will continue to work with all parties involved to protect the consumer, promote fairness in sports and regulate this new Tennessee industry that provides critical funds to the state and local governments,” TEL President and CEO Rebecca Hargrove said in the release.