Tennessee legalized sports betting on November 1, 2020. Since then, the state has become one of the fastest-growing markets in terms of revenue. According to recent pay per head sportsbook news, Tennessee approves Barstool sportsbook and Wagr.
There are now nine sports betting platforms in the state. According to pay per head reviews, Tennessee became the fastest state to reach the $200 million revenue in a month milestone last January 2021.
Tennessee got more than $1.6 billion in sports bets from November 2020 to July 2021. We looked at some of the sportsbooks available in the state.
Tennessee Approves Barstool Sportsbook and Wagr
One of the latest sports betting platforms in Tennessee is Barstool Sportsbook. According to sportsbook PPH sources, it opened on September 8. Tennessee is the eighth state where you can find a Barstool Sportsbook. First-timers will receive a $10 signing bonus. Also, the sportsbook offers free bets up to a maximum of $1,000 if their first wager loses.
Wagr is a social media sports wagering platform supported by the Manning brothers, Tinder co-founder Justin Mateen, and Seven Seven Six. Tennessee is the first state where Wagr is operating. Although it got its approval on August 31, there was no fanfare surrounding it. The platform allows players to create wagers that other people can bet on.
Action 24/7 is a locally owned and operated sportsbook. Its customer service center is in Nashville. Also, it offered a free bet on players who wagered on the Titans season opener.
TwinSpires Sports has sports betting, casino games, and racing. Churchill Downs operates the racebook and is nan official partner of the Kentucky Derby. Also, first-time bettors get a risk-free wager up to a maximum of $1,000.
DraftKings is operating in partnership with the Tennessee lottery. However, it is waiting for approval from lawmakers to allow its sports betting platform to operate in an entertainment and dining environment.