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WynnBET, the online sports betting and casino app from Wynn Resorts, has received conditional approval to launch its sportsbook in Tennessee.
The Tennessee Education Lottery Corporation’s Sports Wagering Committee approved WynnBET for a Tennessee launch as soon as the company meets statutory and regulatory requirements to go live.
WynnBET’s US Presence
Currently, WynnBET is live in New Jersey, Colorado, and Michigan. The company has also secured market access in Indiana, Iowa, Massachusetts, Nevada, and Ohio in addition to the conditional Tennessee approval.
Of those markets, Massachusetts and Ohio are the only two that have yet to fully legalize sports betting. Regardless, Wynn has formed partnerships in those jurisdictions, which will allow the company to launch sportsbooks in each state once regulations and legislation are finalized.
Meanwhile, Indiana, Iowa, and Nevada already have online sports betting live. WynnBET will likely launch in these states in the coming months.
Tennessee Sports Betting
Tennessee’s online-only sports betting market has begun to flourish. Currently, there are fours digital sportsbooks live in the Volunteer State:
- FanDuel
- BetMGM
- DraftKings
- Tennessee Action 24/7
Even though only those four sportsbooks are live, that’s a pretty stacked roster. By many measures, FanDuel, DraftKings, and BetMGM are three of the top sportsbooks in the US. Tennessee Action 24/7, meanwhile, is a strong local competitor that’s likely to draw many in-state bettors.
WynnBET only enhances this roster, bringing another major resort company into the Tennessee mix (the other being BetMGM).
Throughout 2021, expect new sportsbook operators to join the fray. While there’s no confirmed applicant list, players can expect some of the biggest names in sports betting to throw their hats into the Tennessee ring. Barstool, William Hill, PointsBet, and others are likely contenders. As the year goes on, expect more licensing announcements out of Tennessee, followed by more sportsbooks for bettors in the state.
