Tennessee approves another sports betting operator
Sports betting is to launch in the state on November 1, following its legalisation back in July 2019.
US.- Tennessee Education Lottery’s Sports Wagering Committee has conditionally approved a sports betting licence for Nashville-based operator Action247.
It had already granted conditional approval to gaming giants BetMGM, DraftKings and FanDuel after reviewing their applications in anticipation of the November 1 launch of sports betting in the state.
Tennessee will be the first state in the US to launch an all-mobile sports betting market. Casinos and racetracks are prohibited in the state.
The Tennessee Education Lottery (TEL) has faced some criticism for its regulatory measures, which include a high hold cap, a licensing fee of $750,000 and fines of $25,000 (the highest permitted by law) for breaching the 10 per cent cap regulation.
Its sports betting committee will meet again on October 16 to consider more licence applications.
