WynnBET Approved To Launch In TN Sports Betting Market

  • WynnBET has been approved to launch in Tennessee.
  • Tennessee is the ninth state that WynnBET will be available in.
  • There are currently only four active Tennessee sportsbooks.

NASHVILLE, Tenn.Sports betting in Tennessee has just gained another online sportsbook in WynnBET which has been conditionally approved to launch in within the Tennessee borders.

The online sportsbooks WynnBET is run but one of the leading hospitality groups in the nation in Wynn Resorts who have an extensive background in the sports betting industry.

With the approval of WynnBET in Tennessee, this now becomes the ninth state that they will be available in. WynnBET is currently live in New Jersey, Colorado, Michigan, and approved for a future launch in Virginia, Nevada, Ohio, Iowa, and Massachusetts.

Looking at the revenue side of things in Tennessee and what WynnBET is getting itself into, it proves to be a lucrative market. Tennessee as of right now only has revenue numbers for their first two months of launch but they are record-breaking.

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Tennessee launched its online sports betting market back in November of 2020 and in the first two months has put up $312.3 million in gross wagers with $5.4 million of that in privilege tax. In December alone, the state recorded $180.9 million in gross wagers in which $167 million of that was gross payouts. All in all, in the second month, $3.1 million was due in privilege tax revenue.

With Tennessee still a growing sports betting market, WynnBET is being set up nicely as they will join BetMGM, DraftKings, FanDuel, and Tennessee Action as just the fifth online sportsbook operator in the state.