The Tennessee Education Lottery Corporation has announced it has authorised the approval of VegasWINNERS, a subsidiary of Winners Inc, as an official sports wagering vendor in the state.
The approval means that VegasWINNERS has the permission to refer customers in Tennessee to licensed sportsbooks in return for commission payments.
The Tennessee Sports Gaming Act was passed in April 2019 and allowed online-only sports betting to be operational in the state.
Since then, revenues in the industry have impressed as January 2021 pushed Tennessee’s gross sports betting revenue to $49m and wagers to $523m since its November 2020 launch. For contextual purposes, it nearly doubles Indiana’s $274m, which was the previous record for a market’s first three months.
Wayne Allyn Root, CEO of VegasWINNERS, commented: “This is positive news for our company. It’s even more affirmation for our vision as sports gambling explodes in popularity. We hope to have affiliate licenses in every state with legal sports gambling.
“From my 36 years in this industry, I can tell you Tennessee is a state filled with enthusiastic sports bettors and we are honoured and excited to be part of sports betting in the great state of Tennessee.”
So far this year, The Volunteer State has raked in over $1.1bn in sports wagers and, with NFL and college football yet to begin until September, betting volume is set to increase even further in the rest of the year.