Tennessee Lottery committee approves 4th sports betting license

The Tennessee Education Lottery's Sports Wagering Committee approved a sports betting license for Tennessee Action 24/7, the fourth sportsbook operator under the state's online-only sports betting program, which is expected to begin allowing wagers Nov. 1.

On Monday, committee members conditionally approved the Tennessee branch of Action 24/7, joining FanDuel, BetMGM and DraftKings.There are no restrictions on the number of licenses that may be issued for interactive sports gaming operations, but licensees and suppliers must meet suitability requirements.

The committee also approved five supplier applications and six additional vendor applications. The next meeting of the committee is October 16 before the intended November 1 go-live date for sports betting in Tennessee, as reported by WTVF.

“We are working diligently with all applicants as we establish and support a responsible and competitive sports wagering program in Tennessee,” TEL President and CEO Rebecca Paul Hargrove said in a press release.

There are three categories of potential applicants: licensee (operator), supplier and vendor. Definitions can be found in rules on the sports gaming page of the Tennessee Lottery website. Tennessee state law permits wagering on sporting events via the internet, mobile device or other telecommunications platforms. A customer must be at least 21 years old to play and physically located in Tennessee at the time a wager is placed.