Tennesseans are a little bit closer to betting on the Titans. The Tennessee Education Lottery Corporation has released draft rules for sports betting and the public will have 30 days to comment.
The rules describe the types of licenses that will be available and the technical requirements for sports book operators. You can read the rules in full here but we'll save you the trouble:
- You must be 21 years to bet.
- Internet only - There will be no in person betting in Tennessee. It will all be on your phone or computer (which is the way it should be).
- No prop bets on college sports - e.g. bets on the coin flip or whether the Vols will wear orange pants for an away game.
- No parlays made up of prop bets or future bets
- No prop bets on player injuries
- No bets on high school games (what a missed opportunity) or non-sporting events.
If you are thinking about getting into the business, get ready to spend some cash. A sports book operator license will cost you $750,000/year.
There is no formal timeline on when betting will be allowed but all signs point to it being live by next football season.