Tennessee sports betting is about to be legal. Here’s how it’ll work. – Tennessean

Starting Sunday, all bets are on for sports gambling enthusiasts in Tennessee.

Tennessee’s online-only sports gaming program is unlike any other in the nation, experts say, and its launch is more than a year in the making. Online sports gaming became legal in the state, which has no brick-and-mortar gambling venues, on July 1, 2019. Tennessee Education Lottery Corporation regulators approved sports betting rules in April.

The state’s first four licensed sportsbooks — Action 24/7, BetMGM, DraftKings and FanDuel — are slated to go live online and on apps for mobile devices Sunday at 12:01 a.m. Central time, in the heart of the NFL season and just before the 2020 Masters Tournament begins on Nov. 12.

Tennessee is the first state to regulate online sportsbooks directly, without the framework of casinos or possession of a retail gambling license as a precondition to operate a sportsbook online, a common qualifier in the 18 other states where betting is legal.

Licensed sportsbooks in Tennessee must also abide by a 90% cap on payouts — an unprecedented move in the United States and something several experts deem an anomaly.

What does this mean for Tennessee sports bettors? Here’s what we know.

Apps and online platforms of the four currently licensed sportsbook operators will go live on Sunday. 

Bettors who are over the age of 21 and within the physical boundaries of the state of Tennessee will then be able to place their wagers via the internet using a mobile device or computer. Sportsbooks are barred from creating any