Tennessee sports betting could launch on October 30

Simona Boshkova | Published 20 Oct 2020, 10:04 a.m.

The number of US states going towards launching sports betting is increasing. Next in line is Tennessee. Last week, the Tennessee Education Lottery Corp. Sports Wagering Committee said that it is planning to launch sports betting in the state in two weeks. If everything goes as planned, the start date would be Friday, October 30. As it was previously announced, the initial target of the launch is November 1, but it’s a Sunday. On the other hand, we have some news in terms of Illinois sports betting, where the Governor extended the online registration.

Still more to be done before sports betting goes live

While Tennessee sports betting is preparing to go live in two weeks, there is still more to be done before operators can officially launch. On Friday, the Tennessee Education Lottery held a special meeting where they’ve discussed what actions they should take before sports betting goes live. As you probably know, Tennessee approved the first sports betting licences last month - FanDuel, DraftKings and BetMGM will be the first to go live in Tennessee. Later, the Tennessee Committee approved another sports betting licence for Tennessee Action 24/7. Now, the lottery officials said that these operators will get a final seal of approval next week.

At the same time, the state has also been approving licences for suppliers and vendors. Three of the seven licence applicants have not been identified yet, but the Board said the vetting process should begin shortly. The proposed launch comes as a result of the great handle and revenue figures of many US states. If sports betting goes live on October 30 in Tennessee, sports bettors would be able to wager on the Tennessee Titans and other NFL games for almost half the season. When launched, Tennessee will have the first all-mobile market in the US. The Board approved sports betting regulations in April, setting an extremely high hold cap. It has also approved licence fees and tax rate on gaming revenues. Plus, according to the regulations, in-play betting on college sports won’t be allowed.

Illinois sports betting online registration stays in place

In the meantime, it has been confirmed that new sports bettors in Illinois will still be able to register online after Governor JB Pritzker extended the Executive Order. Namely, the Executive Order 2020-41 allows online registration and its latest extension will last until November 14. The original order to online registration in Illinois expired on July 26 and the Governor decided not to extend it. However, on August 21, he reinstated the order which was extended again in September. The extension comes after the previous one has ended on Saturday and in-person registration for Illinois sportsbooks is still suspended.

However, Illinois sports bettors shouldn’t be worried as there are many online options available in the state. We have reported that William Hill and DraftKings launched sports betting apps in Illinois, joining BetRivers, FanDuel and PointsBet. As a result, the revenue figures have been strong in Illinois. The state hasn’t reported September figures so far, but August was a promising month for Illinois that reported $140 million in total sports handle.