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Business
May 11, 2021
WynnBet Reveals Memphis Grizzlies Partnership for Tennessee Debut
WynnBet has teamed up with the Memphis Grizzlies as part of the sports betting operator’s launch in Tennessee. Grizzlies and WynnBet Boost Brand Awareness WynnBet has detailed its partnership with the Memphis Grizzles as the sports franchise and sports betting operator are coming together for a multi-year collaboration. As part of the tie-up, WynnBet will tap into the […]
Business
May 3, 2021
WynnBET Enters Tennessee, Launches Sports Betting Services
The board of directors of the Sports Wagering Committee of the Tennessee Education Lottery gave WynnBET approval to launch its services in the state last week. Consequently, the company rolled out its mobile sports wagering product, which is available for download on Apple and Android devices. WynnBET Launches Sports Betting Services in Tennessee The premier […]
Legal
March 30, 2021
Action 24/7’s License in Tennessee Restored after Court Ruling
After the Tennessee Education Lottery suspended temporarily Action 24/7’s license, the operator protested the measure by filing a lawsuit. Consequently, Davidson County Chancery Court ruled to reinstate temporarily the operator’s license. Action 24/7 Reinstates Its License In light of an ongoing investigation over suspicions for money laundering and credit card fraud, the Tennessee gambling regulator […]
Legal
March 24, 2021
TN Legislature Puts SB 1029 on Hold Until Next Week
Lawmakers in Tennessee decided to put on hold SB 1029 which proposes the prohibition of sports wagering and flex-loan companies to share the same physical location. The bipartisan bill will be heard by the Senate State and Local Government Committee next Tuesday. Lawmakers in Tennessee Put SB 1029 on Hold until Next Week A bill […]
Legal
March 24, 2021
Action 24/7 Files a Lawsuit against Tennessee Watchdog
Action 24/7, a licensed Tennessee sportsbook operator, filed a lawsuit against the state regulator after its license was temporarily suspended. The operator claims that the regulator did not follow its protocols and that the suspension has catastrophic effects on its business. Tennessee Sportsbook Files Lawsuit against Regulator Last week, the Tennessee gambling watchdog suspended Action […]
Legal
March 22, 2021
Tennessee Watchdog Suspends Action 24/7’s License Temporarily
Tennessee Education Lottery, temporarily suspended Action 24/7’s license last week. The watchdog claims that it found evidence of money laundering and credit card fraud. Tennessee Regulator Temporarily Suspends Action 24/7’s License Four operators offered legal sports wagering during Super Bowl LV in Tennessee last month. Those are DraftKings, FanDuel, BetMGM, and Action 24/7. However, last […]
Sports
February 10, 2021
Tennessee Becomes 8th State for WynnBET’s Expansion in US
Tennessee welcomes WynnBET with the company securing a license in what is a ninth state in the US for the Wynn Resorts-owned betting platform. WynnBET Secures Entry in Tennessee WynnBET has received a conditional approval to launch in Tennessee with the Wynn Resorts-owned sports betting solution looking to quickly expand its clout across numerous markets […]
Sports
January 27, 2021
Tennessee Posts $312.3m in Total Wagers in Two Months
Sports betting in Tennessee has generated $312.3 million over the first two months of operation with the mobile-only sector proving a success. Sports Betting in Tennessee Posts Solid Results Tennessee is posting solid sports betting revenue, driven by its mobile-only industry which has collected $312.3 million in gross bets over the past two months, its […]
Legal
January 11, 2021
Congressman Proposes School Funding with Sports Betting Tax in TN
According to David Hawk, a Tennessee congressman, additional funding may be needed when students return to in-person learning in schools. One source of revenue that may help the schools is the sports betting tax revenue. Will Tennessee’s Schools Receive Funding from Sports Betting Tax? David Hawk, a Tennessee congressman revealed that his priority for this […]
Industry
December 24, 2020
Tennessee Sports Betting Off to a Flying Start Dwarfing Previous Record
The sports betting market in Tennessee surpassed even the most optimistic expectations, the November betting taxes and wagering figures report from the Tennessee Education Lottery (TEL) revealed. Shattering Previous First Month Record The body overseeing the licensing and regulation of online sports wagering in the state posted a record first month in which sportsbooks generated […]