The state of Tennessee hit an all-time high in sports betting revenue in 2021: here’s how

Published on: Feb 09, 2022

Gambling has always been big in the US but the rules surrounding particular variations of it within particular states can be a little tricky to navigate. Nonetheless, a particular area of gambling in the states that really is thriving, no matter what, is online sports betting in Tennessee. But why?

What exactly is it about Tennessee and online sports betting that’s getting everyone so fired up over there? Is there really something that’s better about it there than in other states in the US or other countries around the world?

A little investigating needs to be done to find out the answers to those questions, so stick with us as we do just that.

What are the gambling laws in the US and Tennessee specifically?

Before we go too deep into finding out what’s so special about Tennessee when it comes to sports betting online, we need to find out a little more about the gambling laws in the US, particularly with regard to sports betting

The laws vary considerably across the US – the bottom line is that it really depends on which state you’re in. So, if you’re planning on travelling from state to state, you’re probably going to need to do a little homework to make sure you’re complying with the laws at all times.

Not so long ago, there was a flat ban on all sports betting in the US but as time has gone by, a few states have started to loosen their restrictions, which we love to see. However, only a handful of states have gone so far as to remove all barriers.

States such as Nevada, Pennsylvania and Rhode Island allow for in-person and mobile sports betting, whereas a lot of other states, including Arkansas, Montana and New Mexico have legislation affecting different forms of betting.

There are quite a few states that are currently in the process of moving towards legalization and that list is changing all the time, making it all the more important to ensure that you keep up to date. However, there are some states such as Idaho and Utah that are unlikely to legalize any form of sports betting any time soon, for various reasons.

To make things even more confusing, there are other states, such as New Hampshire and Tennessee, that allow mobile betting but in-person betting is banned. Crazy!

However, that is one of the reasons for the big success of online sports betting in Tennessee, as we are about to find out.

Sports betting in Tennessee in 2021

The fact that in-person sports betting is banned in Tennessee is one of the main reasons why online sports betting is so popular out there, and why it hit an all-time high in terms of revenue in 2021. Automatically, everyone with an intention of placing some bets is driven online, therefore concentrating the market into one format of betting.

Another key reason for the success of online sports betting that is not specifically related to Tennessee but will certainly have had an impact on the state is the increasing digitization of the world. Let’s face it, there’s not really much point walking into a physical bookmaker when you can enjoy all the functionality of one at the touch of a screen that you carry in your pocket

Sure, some people might consider the experience of a bookie to be more enjoyable than just playing with your phone or your computer at home, but most people disregard that these days. In fact, across the world, a lot more people are betting online than at physical bookies.

With beautiful smartphone apps for bookmakers or even just mobile sites, the sports betting experience is so enjoyable on a smartphone. You can even live stream some of the games you’re betting on, or at least watch a cool graphic that explains what’s going on in the game.

On top of that, it’s possible to check out live stats and even place bets in-play, with constantly evolving odds depending on what’s actually happening in the match. You also have the ability to cash out from a game and either cut your losses or take your winnings early, for a slight reduction in the overall amount.

Things might change in the future. Tennessee may pass a bill that allows people to bet in-person, which will completely change the face of the scene. But for now, you’ll need to pick up your smartphone if you want to bet on the sports in that particular state!