NASHVILLE, Tenn. — A Tennessee panel has conditionally approved licenses for the first three sportsbook operators under Tennessee’s online-only sports betting program, which is expected to allow wagers starting Nov. 1.
FanDuel, BetMGM and DraftKings drew approval Wednesday from the Tennessee Lottery’s Sports Wagering Committee.
There is no limit on the number of sportsbook operators in Tennessee, as long as they meet requirements.
Tennessee narrowly approved sports betting in spring 2019.
Republican Gov. Bill Lee let it become law without his signature, citing concerns over an expansion of gambling in Tennessee, a state without casinos.
The law took effect last July but left many regulatory specifics up to the lottery.
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