How Do I Start a Sportsbook From Tennessee?
Bookies should be able to prosper in the Volunteer State as Tennessee regulated apps cap winnings at 90% (the state holds a mandatory 10% of your winnings). It's one of the worst deals in all of US regulated sports betting. On top of that, federal tax is 28%.
How to Start Your Online Mobile Sportsbook in Tennessee
For a fee as low as $3 per head (per customer/player) per week, you will get a customized website for your players, 24/7 customer service (online and by phone), full odds service, live in-play wagering, betting on most international sports, full reporting, an online casino, a horse book and much more. AcePerHead is currently running a FREE WEEK every month FOR LIFE promo.
There are no upfront costs such as the purchase of the software, etc... Also no need to hire anyone other than the recommended accountant and perhaps an assistant. Remember, you will be spending most of your time on the beach.
Is Sports Betting Regulated in Tennessee?
Yes. Customers must be 21 and up to gamble on the apps. Tennessee is the only state that has online-only sports betting. The state does not have any casinos.
There are 11 online sites for the local bookies to compete with. All of these will withhold 10 percent of winnings.
- DraftKings
- FanDuel
- BetMGM
- Caesars
- SuperBook
- WynnBET
- Barstool
- Hard Rock
- Action 247
- Betly
- Wagr
Learn How to Make a Bookie Website
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Benefits of Betting With a Local vs. Regulated Sportsbook in Tennessee
Local bookies provide anonymity, wagering on credit and typically accept customers 18 and up. They also do not require extensive paperwork. Pay per head businesses like AcePerHead.com also provide wagering on many events and options not available at regulated books. They also feature an online casino and racebook. Local bookies do not report your winnings to the IRS (you still need to file your taxes).
Safeguards
Never accept customers you have not fully screened beforehand. You should either be familiar with your customers or they should contain references. A pay per head has eliminated a number of elements of the bookmaking business once deemed to be illegal such as the operation of a wire room and the settlement of payments/collections via cash. For example, bets are placed over a secure website with servers outside the United States. Bets by phone are strongly discouraged.
Pay per heads like AcePerHead also offer money transactions via Bitcoin and other cryptocurrencies that take place via the website.
Take That Extra Step:
- Do not take bets over the phone.
- Avoid taking on customers who reside outside your state.
- Know your customers and check referrals.
- Do not engage with individuals involved in any type of criminal activities.
- Use cryptocurrencies, including Bitcoin Tumblers provided by AcePerHead, for secure anonymous transactions.
- Keep your customers information private.
- Always file your taxes.
Today's pay per head businesses are regular sponsors on your favorite search engines so they enjoy maximum exposure, but not all pay per head businesses are the same. AcePerHead is one of the most established in the industry.
Avoid those services that only offer the software for super cheap and nothing else.
TN Team Report (Updated March 31, 2023)
Memphis Grizzlies - The Griz had the 7th shortest odds of winning the 2023 NBA Championship. They were enjoying one of their best seasons in franchise history.
The payout would be a cool $1500 for every $100 bet.
Ja Morant and Desmond Bane are two of the hottest players in the league, combining for 48.3 points per game.
Volunteers Football - The Vols enjoyed a breakout season in 2022, going 10-2 straight up and 9-3 Against The Spread.
Unfortunately the Vols suffered some player losses coming into 2023. Hendon Hooker is gone. So too is his receiver and two starting offensive linemen.
Tennessee was still coming in at 30-1 odds to win it all.
Joe Milton replaces Hooker but has a checkered past in college football having been benched Michigan.
Volunteers Basketball - Cinderella team FAU made it all the way into the Final Four. On the way there they knocked the Vols out of the tournament. But Tennessee did make it into the Sweet 16.
- Ean Lamb, Gambling911.com
