Tennessee is one of the newest states to both legalize and launch sports betting, but this state has gotten off to a tremendous start. Sports betting officially launched on November 1, 2020, and the state was able to end the 2020 year by putting up some huge numbers.
Tennessee became the first online-only sports betting market in the United States, and it remains that way to this day. Online betting is the most popular form of betting in the US, and that has allowed the Volunteer State to post some records.
Tennessee has the potential to become one of the top-five biggest sports betting markets in the United States, and it is definitely trending in the right direction. There is starting to be some competition from neighboring states, and that could ultimately stop the progress slightly.
This is a state that is home to a number of popular sports teams, and these teams have helped to get sports betting off the ground.
Retail Sports Betting Locations
You won’t find a single retail sports betting location in Tennessee, and that likely won’t ever change even as the market grows. There aren’t any casinos located in Tennessee, and therefore no good retail sports betting options.
Professional sports stadiums have started to become retail sportsbooks in other states, and that could potentially be an option in Tennessee. For now, the Tennessee Education Lottery, which oversees and regulates sports betting, is content with the great online sportsbook apps.
Tennessee Online Sportsbook Apps
The biggest reason that Tennessee got off to such a fast start in the sports betting industry is due to the operators in the state. Some of the biggest names in the US sports betting industry have already launched in the Volunteer State, and others are on the way.
Along with names such as BetMGM, DraftKings, and FanDuel, there is also a surprising name on the list. Action 24/7 Sportsbook is locally owned, but it is not expected to be real competitive with some of the other options.
Here is a look at the current online sportsbook apps in Tennessee, and this list will continue to grow into 2022 and beyond.
- Action 24/7 Sportsbook
- BetMGM
- DraftKings
- FanDuel
- TwinSpires
- William Hill
- WynnBET
Top Teams in Tennessee
Nashville and Memphis are the two biggest cities in Tennessee, and these cities are home to some extremely popular professional teams. Tennessee also allows for betting on collegiate events, which will help with the handle and revenue numbers.
Tennessee Titans
The most popular team in the state of Tennessee is also one that is expected to bring in the most betting handle and revenue. The Tennessee Titans call the city of Nashville home, and there is a massive following throughout the state.
Betting on the NFL drives the US sports betting industry, and the Titans will do the same in the state of Tennessee.
Memphis Grizzlies
The Memphis Grizzlies are the NBA team in Tennessee, and betting on basketball is a close second to football. The Grizzlies have not had a ton of recent success, but they still have a large following in the state.
Nashville Predators
Most states don’t see a ton of betting action on hockey, but that won’t be the case in Tennessee. The Nashville Predators have a huge following throughout the state, and they have had plenty of recent success.
Nashville SC
Betting on soccer has a pretty big market throughout the world, and it could quickly catch on in Tennessee as well. Nashville SC is an expansion team in Major League Soccer (MLS), and this is expected to be a popular team in the state.
College Teams
The University of Tennesee is easily the most popular team in the state, especially when it comes to college football. The University of Memphis and Vanderbilt University are two other popular college athletic programs in Tennessee.