WynnBET Joins Tennessee Market
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You can visit our WynnBet Tennessee page for all the details regarding the sportsbook and launch. You will also find promotions on the page!
There is now a seventh online sportsbook live in the state of Tennessee as WynnBET joined the market last week. This operator was approved for a sports betting license in early 2021, but a number of issues forced the launch to be delayed until the end of April.
WynnBET is the sports betting arm of Wynn Resorts International, and this company has taken an aggressive approach in the US sports betting industry. Not only does this launch give sports bettors another option in the state, but it also creates more competition by adding a big name in the industry.
When online sports betting launched on November 1, 2020, there were four sportsbooks ready to go. Those online options were Action 24/7, BetMGM, DraftKings, and FanDuel.
Tennessee saw some growth in the month of March as both William Hill, and TwinSpires managed to go live just before the start of March Madness. WynnBET will face a tough challenge in trying to gain customers as this is a crowded market with some great options.
This launch in Tennessee is now the sixth market for WynnBet, but this number could grow to at least 10 by the end of 2021. WynnBET is already available in Colorado, Indiana, Michigan, New Jersey, and Virginia.
By not launching in time for the 2021 NCAA Men’s Basketball Tournament, WynnBET cost itself some revenue. The next big opportunity will come when the 2021 NFL and college football seasons begin.
Big Bonus Offered
One way that WynnBET is attempting to acquire new customers in the state is by offering a large and competitive welcome bonus. New customers are eligible to receive a first bet offer worth up to $500 when signing up at the site.
Sports bettors in Tennessee are not limited to just one online sports betting option, and anyone in the US can register for an account at WynnBET. Locations services must be enabled to ensure that you are in the Volunteer State before a bet can be placed.
Grizzlies Should Help Growth
WynnBET already made a splash in Tennessee when it announced a sports betting partnership with the Memphis Grizzlies in early 2021. Now that the site has gone live, online sports betting opportunities will be offered at the FedExForum during home games for the NBA team.
The Grizzlies will help promote the newest sports betting option in Tennessee, and signage and other marketing campaigns will be available. WynnBET will help the team create digital content to be shared across a number of platforms.
March Sports Betting Numbers
Tennessee has posted some impressive numbers since joining the US sports betting industry, and the state has even set many records along the way. In November, Tennessee became the first state in history to go over $100 million in total handle in the first month.
January 2021 was the best month on record for the state of Tennessee, as the total sports betting handle was $211.3 million. The total sports betting handle for the month of March was $205.9 million, falling just shy of the record.
