by Giovanni Shorter | Feb 23, 2022 1:24 pm | Revenue
Tennessee sportsbooks reported $386,059,756 in betting handle for January 2022, beating the previous record set in October. Sportsbooks also saw $29,087,518 in sports betting revenue. NASHVILLE, Tenn. – Sportsbooks in Tennessee set a new record for monthly betting...
by Giovanni Shorter | Oct 23, 2021 6:13 am | Sports Betting
The Sports Wagering Advisory Council (SWAC) in Tennessee has hired Mary Beth Thomas as the executive director. Thomas has addressed the 10% hold rate controversy, speaking in favor of the council’s position on the hold. The SWAC will take over Tennessee sports betting...
by Giovanni Shorter | Oct 8, 2021 4:33 pm | Sports Betting
Tennessee held a recent hearing on Tuesday to discuss the regulations of its sports betting market transferring to the Sports Wagering Advisory Committee (SWAC). During the hearing, sportsbooks discussed wishing to change the mandatory hold rule set by the legislation...
by Giovanni Shorter | Aug 26, 2021 11:41 am | Sports Betting
• The Tennessee Education Lottery (TEL) has informed three sports betting operators; two sportsbooks and one supplier, that their applications will be reviewed. • One of the potentially new sportsbooks is Penn National’s Barstool Sportsbook. • The TEL will...
by Giovanni Shorter | Jun 2, 2021 2:27 pm | Regulatory
Governor Bill Lee signed SB 588 into law, switching sports betting regulations from the Tennessee Education Lottery (TEL) to the Sports Wagering Advisory Council (SWAC). The TEL has had issues with sports betting since its launch. The official switch will kick in on...
