DraftKings, FanDuel Among Sports Betting Operators To License In Tennessee

Two of the nation's most recognizable interactive sports gaming operators are reportedly among the first to be conditionally licensed for sports betting in Tennessee.

FanDuel and DraftKings were approved for licenses by the Sports Wagering Committee of the Tennessee Education Lottery (TEL) Board of Directors, FOX 17 News reports. BetMGM was also reportedly approved for a license by TEL.

The "Tennessee Sports Gaming Act" (HB0001) was passed in last year and sports betting will go-live in the Volunteer State on November 1. According to FOX 17 News, TEL said it has also approved the first supplier application and 26 vendor applications in relation to sports betting in Tennessee.

More applications are expected to be reviewed by the committee after the state's launch of sports betting on November 1. There is no limit on the number of licenses for interactive sports gaming operators.

Requirements are set by the TEL for suppliers and licenses. The sports betting bill became a law without the signature of Governor Bill Lee, who said he "does not believe that the expansion of gambling is best, but recognizes that many in the legislature found this to be an issue they want to explore further," in a statement issued to FOX 17 News in April 2019.

The "Tennessee Sports Gaming Act" (HB0001) was filed by Rep. Rick Staples (D-Knoxville) in November 2018.

Photo: Getty Images


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