In the first week of July 2020, it was announced that the state has 4 licensed vendors for their legal Tennessee online sports bet market. On the other hand, TEL (Tennessee Education Lottery) has 3 more sportsbooks awaiting approval. As per TEL’s official website, the newly licensed vendors who are approved to operate mobile sports betting in Tennessee include, dba Wedge Traffic Inc, Wedge Traffic Limited, Sports Betting ST, LLC, dba, SBST, Media Players US LLC, and Mark Knight. If you are a gambling enthusiast and interested in online gambling, keep on reading as we will explore the scenario of TN sports betting online. Let’s get started.

• Online Sports Betting Tennessee
• Best Online Betting Sports

2 days ago  NASHVILLE, Tenn. (AP) — Tennessee’s online-only sports betting program has seen $312.3 million in gross wagers in its first two months, yielding $5.4 million in privilege taxes. FanDuel Sportsbook is Live in Tennessee! Your first bet is risk free up to $1,000 Sign Up Now. 21+ and present in TN. First real money wager only. Refund issued as nonwithdrawable site credit that expires in 14 days. See sportsbook.fanduel.com for details. Gambling problem? Call TN Redline 1-800-889-9789.

What sports betting in Tennessee will look like? Process of legalizing Tennessee sports betting!

The launch of the new legal TN online sports bet industry is slated for September 2020. Vendors have already partnered with sports book operators to provide services required for their businesses to run smoothly. TN sports betting regulations will be different from the majority of the states in the country. For starters, the state will only have online and mobile sports betting. In the beginning, the TN online sports betting sites will experience an uphill financial climb since they will be required to pay a $750,000 licensing fee.

This will weed out many smaller competitors. In addition to the licensing fee, the state of Tennessee will levy a 20% tax on the gross gaming revenue. If that wasn’t enough, the state would require the use of Official League Data to accept in-game wagers or live bets. Tennessee becomes the third state after Michigan and Illinois to do this. To play in real money bet sites, the individual has to be 21 years or older. The players will be liable to get welcome bonuses and promotions, flexible deposit and withdrawal methods, and a variety of games.

Moreover, Tennessee restricts people from certain groups to participate in gambling activities. They include:

• Any individual who holds power to influence the outcome of the sporting event directly
• Individuals who are employees or members of the governing bodies of any association, league, or sports team
• A player or a coach of a professional sports team or a college team
• Vendor or a licensee, supervisory employee or an officer, member of the board of directors, a partner, or a principal owner of a professional sports team
• An employee or a member of the gambling commission
• And individuals who are specifically categorized by the commission stating that their indulgence in sports bets could influence the integrity of online betting in Tennessee

Wagering commissioners allow for betting on professional sporting events, such as e-sports and motor sports, along with any athletic event, the Olympics, or college sports, which is sanctioned by an international or national organization. Nevertheless, the state of Tennessee has prohibited people from gambling on any individual events or actions during a collegiate sporting event.

With that said, the state doesn’t allow college side wagering or prop betting that could happen during the course of a game. Prop bets are related to team performance, including betting opportunities that are related to individual player output. So, in conclusion, there is no cap on the betting licenses in the state. If you are 21 or older, you are eligible to place a bet. And the in-play bets on collegiate sports events will not be allowed.

What aspects should be considered while choosing an online betting site?

Once real money betting sites get established to operate in Tennessee, you will see a hoard of them offering a selection of options. However, there are certain aspects that make an online gambling platform stand out from the rest. If you want to play at the best online casino, here are some factors to keep in mind:

Banking Methods

The first thing you need to consider is the banking options, or the deposits and withdrawals method. In the majority of the cases, sites that offer variable payment options like credit cards, debit cards, e-wallets, mobile wallets, internet banking, direct transfer, etc. are preferred. The more options you have, the more you can gamble without any worries. Withdrawals, on the other hand, is a different ball game. In most cases, once you have deposited the amount, you will have to spend it gambling for sure. You cannot withdraw the deposited funds.

But there are certain sites that offer withdrawal options as well. It will depend on the casino provider altogether. Even if a site allows you to withdraw the deposit amount, it will take some time. Reputed sites with withdrawal options perform it within three business days.

Security

It is the primary concern for many beginner gamblers playing online. Since a player will be sharing his/her personal information as well as financial details, the site must abide by the rules and regulations ordered by its regulatory authorities. On top of that, the website must be designed, keeping in mind the highest levels of security standards. With that said, established and trusted platforms are regulated by governing bodies like the UK Gambling Commission, Malta Gaming Authority, Curacao Gaming Commission, etc.

And when it comes to the safety of personal information, the site needs to be SSL-encrypted. SSL-encryption means the website cannot leverage the user data in any manner like to sell it to third parties or use it for personal gain.

Promotions and Bonuses

Online gambling platforms lure new players with bonuses and try to retain the existing ones with promotional offers. For example, if a new player signs up at the casino, the casino will provide him/her with a welcome bonus (up to $500 or more). Now, there are different aspects to it. Different casinos function differently. In order to provide bonuses to the new players, they all have different approaches.

For instance, some offer a bonus to new players right after they sign up, while some offer bonuses only after the player has made his/her first deposit. So check for these aspects. For existing players, the casinos may offer cashback bonuses and sometimes free bets for making specific deposits.

Reputation and Legalization

The trustworthiness of the site is all that matters. It can be determined by the regulatory bodies governing the site. Moreover, online reviews also play a crucial role in figuring out the reputation of the gambling site. Look for how the website is in operation, how many users actively use it, what are the pay-out options available, what about the payment system, and more like that.

Loyalty Programs

When you become a regular member of the platform, it is important that the casino offers loyalty programs. All the reputed companies offer loyalty programs to its existing players. This helps them in strengthening their bond towards the players, and for players, it enhances loyalty. Look for a site that offers loyalty programs. It can be anything from free bets to cashback offers, and more.

Customer Support

Although a good gambling website implies a lower probability for players to use their customer support, it still has its uses. One can have issues regarding anything, like payment options, how to create an account, how to make deposits through e-wallet, etc. To answer all the potential questions a player might ask, the casino has to be prompt with their customer support.

A good site will offer 24/7 customer service via phone, email, or live chat.

Choice of Games

It is not just the payment options and customer support, among other things that lure a player to the betting site. The choice of games available is also quite important.

One may not show interest in a site that only offers a couple of games to bet on. A good company will offer bets on numerous sporting events, including live betting. This includes NBA, horse racing, NFL, baseball leagues, and more.

Apps

Players nowadays love to bet on their favorite sports from the comfort of their homes. While they can switch on their PCs and open the website, mobile sports betting seems like a great option.

To expand their reach, reputed companies have introduced mobile applications that make sports betting a hassle-free job.

Software

Last but not least, it is also important to determine who are the software providers for all the betting games available on the platform. Some of the reputed software companies include Micro gaming, NET ENT, etc.

What sportsbooks will go live in Tennessee?

Since the betting will take place online and on mobile devices, any operator can apply for the license in Tennessee. Some reputed and trusted names in the industry had shown their interest in making their platform live. The following sportsbooks will go live in the state.

• DraftKings Sportsbook — known for better bonuses and loyalty programs
• FanDuel Sportsbook — availability of a selection of sporting events to bet on
• BetStars — superior security features and highly regulated
• William Hill — packed with betting games from top-notch software providers
• 888 — good mobile experience
• Bet365 — one of the best platforms
• BetAmerica — quality customer service and payment options
• Caesars — offers better overall gambling experience
• MGM — lucrative promotional offers and bonuses

What sports can I bet on in TN?

The state offers a selection of sports betting options, including numerous Division I colleges and some major professional leagues. PRO Leagues:

• Nashville Soccer Club (MLS)
• Nashville Predators (NHL)
• Memphis Grizzlies (NBA)
• Tennessee Titans (NFL)

College Division I

• Vanderbilt University
• The University of Tennessee at Martin
• Tennessee Tech University
• Tennessee State University
• University of Tennessee
• Middle Tennessee State University
• University of Memphis
• East Tennessee State University
• Austin Peay State University

Online Sports Betting Tennessee

What types of sports bets will TN offer?

TN sports betting online will offer the following sports bets to the players:

• Parlay bets
• Totals
• Moneyline
• Props
• Futures Bets
• Spread Bets

What kind of private information should the person give to the website to start playing?

You are required to provide the gambling operators, your Name, Age, Phone Number, Physical Address, and an Active Email Account. On top of that, you may also have to ping your payment options.

You are advised to create a separate email account for this purpose and not provide your official email. Always check with the website regarding their security aspect before adding your card, wallet, or banking details to the site.

COVID-19 Roadblocks Sports Betting in Tennessee

Sports betting gained major traction in Tennessee in recent years. Sadly, with the whole nation being decimated by the novel coronavirus, all major sporting events have been halted due to the outbreak.

Best Online Betting Sports

And it seems like things won’t be returning to normal anytime soon. All the NCAA, NFL, NHL, and NBA competitions have been completely canceled until further notice. And with the 2020 United States Presidential Elections on the rise, sports betting may take a while to surge.