There’s a new player in the Tennessee sports betting game. Thanks to a recent approval, the social-focused sports betting site Wagr can now operate in the Volunteer State. The platform is banking on its unique features that allow users to “bet against” each other for a friendly competition to make its name in the world of sports betting. Another popular sportsbook is following suit with a Tennessee launch just in time for the football season. Here’s what you need to know about the growing Wagr sportsbook and the sports betting landscape in Tennessee.
Wagr Gets the Green Light in Tennesee
On Tuesday, a few more names got added to the Tennesee sports betting roster. Wagr, which has been described as a social sportsbook, got approval from the Tennessee Education Lottery to take bets in the state. Wagr’s not the only sportsbook that got approval, as Barstool Sportsbook was also given the go-ahead to operate in Tennessee. With the addition of these two new platforms, Tennessee has a total of nine sportsbooks available to sports bettors.
The move gives residents more sportsbook options at an ideal time. This Saturday sees plenty of high-profile college football matchups, such as the National Championship Alabama squad visiting Miami, Georgia traveling to Clemson, and UCLA hosting LSU. And don’t forget about the official kickoff of the NFL season on September 9th, when the Super Bowl Champion Tampa Bay Buccaneers host the Dallas Cowboys.
A Quick Look at Tennesee Sports Betting
Sports betting in Tennesee is 100% legal. The state officially welcomed legal sports wagering on November 1st of last year after passing legislation in the spring of 2019. While the state originally launched with only four online sportsbooks, that number is continuing to grow. In addition to Wagr and Barstool Sportsbook, Tennessee sports bettors can use popular platforms like DraftKings, FanDuel, BetMGM, WynnBET, and Caesars Sportsbook.
While Tennessee allows online and mobile sports betting, the state interestingly doesn’t have any classic brick-and-mortar sportsbooks. Tennessee sports bettors must be 21 years of age or older to place a wager. Daily fantasy sports are also legal in Tennessee, as seen with partnerships between FanDuel and the Memphis Grizzlies and DraftKings and the Nashville Predators.
What Makes Wagr Unique?
Even though they’re pretty new to the game, Wagr is attempting to stand out in an increasingly crowded field of sportsbooks. As we mentioned earlier, Wagr is positioning itself as the social sportsbook. The platform is focused on a friendly rivalry style of betting between friends and family. For example, one user can take the Tampa Bay Rays and challenge another to bet on the Boston Red Sox. While the bets are technically against each other, they’re still facilitated through the sportsbook. Additionally, if users don’t have anyone to bet against, the app will match them with a random bettor to challenge.
Among the investors in the platform is Alexis Ohanian, who founded the popular website Reddit. It’s interesting to see how Wagr’s focus on the social aspect of betting is starting to catch on, as seen by features in the growing WynnBET app that focus on interactions while betting.