Legalized sports betting launches in Tennessee on Sunday, a market that could generate $6 billion in bets annually when it reaches maturation. Nineteen states and Washington D.C. have launched legalized betting since the Supreme Court repealed PASPA in May 2018.
Tennessee’s population mirrors Indiana, which has seen $1.4 billion in sports wagers in the 13 months since sports betting launched, making it the fourth-largest market over that time. Indiana set a monthly record in October, handling $207.5 million in bets.
Four operators will launch in Tennessee on Sunday: FanDuel, DraftKings and BetMGM, along with Tennessee-based Action 24/7.
Sports Betting Headlines:
- The NFLPA announced an equity stake in daily fantasy sports provider Monkey Knife Fight.
- Penn National Gaming reported its first profitable quarter of the year on the back of the Barstool Sportsbook app launch.
- The NBA extended its betting data partnerships with Sportradar and Genius Sports Group.
