It's Official: Sports Betting Now Legal in Tennessee, Bookies Sweating the Blues

Written by:
Mary Montgomery
Published on:

Check this off under "Knew it all along".  Tennessee officially legalized sports betting on Friday (May 24, 2019).

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The news was anticlimatic. After a measure sailed through both the house and senate, Governor Bill Lee said he opposed sports betting, but that he wouldn't stand in the way.  That meant the bill would become law automatically without his signature on this date.

The legislation, which has a July 1 effective date, would allow regulated statewide mobile and interactive sports gambling for people 21 and older.

The proposal is projected to bring in more than $50 million annually.

Those in the Memphis area have enjoyed sports wagering via Tunica, Mississippi, an hour south.

For anyone wishing to take in the casino sportsbook experience, they'll still need to head on over to Tunica.  Tennessee will become the first US state to incorporate online-only sports betting.

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Second Stanley Cup Sweat for the Books

David Purdum of ESPN.com writes

Last year, as the expansion Vegas Golden Knights reached the Stanley Cup Final, Nevada bookmakers found themselves rooting against the hometown squad to avoid a multi-seven-figure loss. This year, they're sweating the upstart St. Louis Blues, who have authored one of the greatest in-season turnarounds in recent memory, going from 300-1 longshots in January to Stanley Cup finalists in May.

Last year, the books sweated out the new franchise Vegas Golden Knights reaching the final with plenty of money riding on their win.

The Blues have even more backers.

The Stanley Cup Final starts Monday with the Bruins  a -150 favorite to win their series against the Blues. 

Indiana Sports Betting Starts September 1

Offshore sportsbooks are currently accessible from the state of Indiana.  Come September 1, they will have some competition.

Indiana Gov. Eric Holcomb signed a bill that sets the debut date for Sept. 1.  That's the day before the Fighting Irish play their first home game of the season.

Indiana does have the dreaded "must register in person" stipulation in order to bet online.  This means you won't be able to open an account on a whim via your mobile phone the day of the Super Bowl.  You'll need to head on over to the casino with the proper documentation. 

Two other drawbacks: Those placing bets must be at least 21, and eSports wagers won't be allowed.

Offshore sportsbooks heavily promote eSports betting and allow those 18 or older to gamble.

- Mary Montgomery, Gambling911.com

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