With in-state sports betting launching in the Volunteer State of Tennessee, these operators will be at a slight disadvantage in that customers must be 21 and up to place bets. Those sportsbooks located outside the state, often referred to as offshore books, look to capitalize. Panama-based BetOnline, now celebrating its 21st year in business (we were there the day they opened), is allowed to take bets from those 18 and up. This is true of most countries outside the US in fact.
Tennessee launched sports betting November 1, 2020 and is the only state so far to allow mobile-only. There are no casinos in the state.
State-licensed sportsbooks will also be forced to impose a 90% maximum payout. BetOnline and the like can pay full value on bets.
The great news for Tennessee residents is that they will be allowed to bet on their beloved Vols and other in-state college teams. There are some limitations. No in-game proposition wagers can be placed on “individual actions, events, statistics, occurrences or non-occurrences” during a college game, according to Tennessee regulations.
These are especially exciting times for Tennessee sports bettors and fans alike as the Titans start off the 2020 red hot, not withstanding an early Covid-19 outbreak.
– Aaron Goldstein, Gambling911.com