- Three sports betting companies have submitted the proper paperwork in order to obtain an operator license for legal sports wagers in Tennessee.
- Through the coronavirus concerns, the TN Sports Wagering Advisory Councils still gives favorable odds for an early September launch.
NASHVILLE, Tenn. – Sports betting legalization took a backseat to the greater concerns of the country over the start of 2020, but certain states are getting back on the track to focusing on sports betting.
One of those states is Tennessee, who has created its own Sports Wagering Advisory Council to oversee the legalization process in the Volunteer State.
The nine-person advisory council met on Monday to discuss sports betting in Tennessee and what steps need to be taken next.
According to the council, there are three separate entities that have submitted the necessary paperwork in order to obtain a Sports Gaming Operator License.
The next step in the process for these firms is to pay a $50,000 application fee – only a small chunk of the $750,000 fee that must be paid within 10 days after approval.
Being that the unknown “experienced operators” are not new companies, but established names in the sports betting world, this fee should come with no issues.
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Overall, this is wonderful news for online sports betting residents of Tennessee who are looking to bet on their favorite teams this fall.
The initial date of an early September launch was in jeopardy during the height of the pandemic, but now it looks like it might be a plausibility.
Sports betting was legalized back in May of 2019 in Tennessee but hasn’t had any mobile sportsbooks launch due to multiple levels of red tape to get through.
It is expected that all types of bets will be accepted, except for live bets on in-state colligate athletics. This is a rule instituted to stop any potential corruption of the college game, especially for smaller schools.
In all, it should only be a short time before state-sponsored sports betting is commonplace across the state of Tennessee.
Jimmy Reinman honed his skills across various mediums including print, radio, and broadcast before bringing his arsenal of knowledge to the team here at USAOnlineSportsbooks in 2020. When he’s not writing, you can find him in a state of focused stress on any College Football Saturday, or maniacally constructing NBA parlays on a cool spring evening.
