Tennessee State will soon be launching mobile sports betting after four sportsbooks were given the green light to offer sports betting services. Besides BetMGM, other companies that will be sharing the newly-created market include DraftKings, FanDuel, and Tennessee Action 24/7. All the companies got their approval in the final week of October.
BetMGM imminent launching will give bettors access to the leading mobile gambling app, allowing players to tailor live-in-play betting, future, and pre-game wagering. This app creates a favorable user experience for both amateurs and veterans, given that the market options include a great variety from teams and leagues. Just like in other states where BetMGM is operating, Tennessee gamblers will access the app on either iOS or Android platforms. However, the company’s site is also accessible on a PC or desktop.
Players Will Be Treated to BetMGM’s Reward Opportunities
Through its CEO Adam Greenblatt, the company committed to giving Tennessee residents a state-of-the-art experience and fun that only comes with sports betting. For instance, besides winning real money, BetMGM’s fan base stands a chance to earn dinner or hotel suits in award-winning, world-class resorts owned by the MGM group. Some of these resorts include Maryland’s MGM National Harbor and Las Vegas’ Bellagio.
It is also important to note that BetMGM awards its first-time users with a bonus code upon a successful deposit. Reviews and anecdotal accounts of many bettors who use the app in other states indicate that the welcoming bonus can be as high as $500 for a single player. However, wagering with a bonus will require strict adherence to the terms and conditions lest the bet in question becomes void.
BetMGM Ink Deals With Professional Sports Teams
To rubber-stamp its credibility in the industry, BetMGM enters the Tennessee gambling market just a few days after renewing its partnership with Detroit Red Wings from the NHL. The extended deal means that BetMGM’s presence at the team’s arena will not end anytime soon. BetMGM also inked a partnership deal with Tennessee Titans from the NFL. It is important to note that both DraftKings and FanDuel applied to partner with Tennessee Titans, but the team awarded the honor to BetMGM.
This move will likely shape the customers’ preferences in the early days of launching, as they seek to play with a sportsbook that supports their team. Therefore, we should likely brace for an immediate, big success from the BetMGM since day one.
Tennessee State Stands to Gain Big From the Lucrative Sports Betting Industry
Tennessee State is on its way to joining other USA states on the lucrative online sports betting industry, which has proved to be worth billions of dollars in recent years. There are high anticipations from both the regulators’ and betting industry sides, with analysts projecting annual bets of up to $6 billion in the first years. Such an optimistic projection assures the Tennessee state of an extended tax base to improve its service delivery.
The state’s lottery board that carries out licensing and regulation of betting activities in Tennessee is the Tennessee Education Lottery Corporation. The same board was tasked with picking a date for the official launch of mobile sports betting.
What’s Next for the Online Gambling Industry in the USA?
The USA online gambling space is steadily growing, despite the COVID-19 pandemic, with market projections expecting it to reach $87.75 billion by 2024. So far, online sports betting is legal in at least eighteen states, and Tennessee is joining the list as the 19th. Other states that passed the legalization bill and are expected to launch in the near future include Virginia, Washington, and North Carolina. Sports betting markets are not only fun and enjoyable but also an avenue for instant money, mostly when you play responsibly.