Wagr, Barstool Newest Additions To Tennessee Sports Wagering

Wagr, Barstool Newest Additions To Tennessee Sports Wagering
© USA Today

The Tennessee Education Lottery has announced two new sportsbook operators have been approved for sports betting in Tennessee.

Barstool Sportsbook and social betting app Wagr were approved Tuesday.

With the addition of these online sportsbook apps, Tennessee will have nine in the state. The others are: Caesars, Action 24/7, FanDuel, TwinSpires, WynnBET, BetMGM and DraftKings.

Barstool Continues To Grow

Barstool Sportsbook is aggressively expanding and is expected to be live in 10 states by the end of the year, according to owners Penn National.

After the launch in Tennessee, Barstool is available for Illinois sports betting, Indiana sports betting, Michigan sports betting, Pennsylvania sports betting and Virginia sports betting.

In July, Penn National announced a multi-year market access partnership as the exclusive sportsbook of Phoenix Raceway ahead of the Sept. 9 launch of sports betting in Arizona.

Penn National wants Barstool to be live in as many states as possible for NFL betting this fall.

Wagr A Newbie In Sports Betting Market

Wagr calls itself “a social, simple and inclusive betting experience built for fans. Challenge your friends, not the house.”

Players on the app can bet with friends or family and if they don’t have anyone to bet with, the app will match them with a gambler in their state.

The Tennessee Education Lottery announced in April it was considering sportsbooks who offered peer to peer wagering, but Wagr isn't that. It still sets the odds and players bet against the company.

Tennessee is one of the few states that only has online sports betting.

The TEL reported all mobile handle in July was $144.6 million, down from $174.5 million in June, or a 17.2% decrease.

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