Sports Betting In Tennessee
You wouldn’t think it, but the next big explosion for sports betting could happen in Tennessee. We know and have known that a state like Illinois, which went live with sports betting in March 2020, was going to be a booming locale for betting with a major city like Chicago. That comes as no surprise and the projections for Illinois have always been off the charts.
But, Tennessee. That could be where it’s at. The Volunteer State is expected to go live with sports betting in Q2 or Q3 of 2020, but that isn’t the surprising part. The surprising part is that Tennessee actually has no casinos or land-based gaming establishments. So how is this all possible?
Tennessee is going to be an online-only state. The Tennessee State Lottery is going to be responsible for whatever transpires within the state, but we have a great chance at seeing a very competitive market. Of course, there is always the fear that we do not and run into a situation like New Hampshire, where the state lottery oversees sports gambling, but has an exclusive contract with DraftKings.
If Tennessee does not go that route, this could be an extremely competitive state, surrounded on all sides with parties interested in betting, and very limited restrictions. Something like in-person registration, which we see in Iowa and Illinois, will not be on the table. With no additional gaming dollars being thrown around with slot machines or table games, those with the itch in Tennessee will only have sports to wager on.
This is a state to watch very, very closely and one that could provide a lot of opportunity and could end up with a massive handle.Read more