What number of Tennnessee sportsbooks will go stay with the Tremendous Bowl?
A fifth operator received approval to start sports betting Tennessee with possibly more on the way through that Super bowl.
The Tennessee Education Lottery approved Churchill Downs to start in the state until standard final checks are due. The permit was technical for that BetAmerica Brand, by Churchill announced this week that it will withdraw and use this brand TwinSpires instead.
There are still three TN sports betting applications pending:
- William Hill
The lottery plans to hold another special meeting late January to consider these applications, CEO Rebecca Hargrove said. Operators want to be live for Super Bowl betting if possible, but they couldn’t all make the cut, she added.
“We believe you can be ready in time for the Super Bowl,” said Hargrove of the three applicants. “We need a lot more information from the other two so that they’re ready for the Super Bowl.”
The lottery is also approved 12 Seller Wednesday.
Can TN sports betting still start hot?
Hargrove once again urged everyone to temper their expectations after the Tennessee sports betting market exploded with a record in the first month.
Tennessee’s four sportsbooks combined for $ 131.4 million in handle, set the national record for the best starting month per handle. Sports betting revenues were $ 13.2 million With $ 2.4 million paid in taxes to the state.
However, the handle mentioned by Hargrove can be a “very fluid number” November shouldn’t be far away December. The hometown favorite Tennessee Titans played four games last month during the NBA started shortly before Christmas. There is more NFL Bet in the Volunteer state also with the titans who play this Baltimore Ravens in one placeholder game Sunday.
Confusion About Peer-to-Peer Betting
It is currently unclear whether ZenSports will be allowed to offer its peer-to-peer betting services alongside its standard sports betting.
ZenSports offers a P2P marketplace where players can set their own lines and accept bets from others. The company also has a standard sports betting product, and the Tennessee launch doesn’t depend on regulators allowing P2P and ZenSports CEO Mark Thomas said LSR.
After a basic explanation, several members of the lottery and the Sports betting advisory board still sounded confused about P2P sports betting in TN.
“Yes I don’t know how to monitor or regulate” Chairwoman Susan Lanigan said. “Anyway, I’m ignorant again when it comes to this. It sounds risky the way you described it, but obviously something we need to learn more about. “
Lottery staff are scheduled to provide more information on P2P and pool betting ahead of the next meeting to help determine whether regulators want to allow it.