VegasWINNERS cleared as sports wagering vendor in Tennessee

Winners, Inc. subsidiary VegasWINNERS Inc., which provides content, analysis, research, data, guidance and professional advice to sport bettors, announced Tuesday that it has received approval from the Tennessee Education Lottery Corporation as a sports wagering vendor. This implies that it is now able to refer customers in Tennessee to licensed sports books in return for commission payments.

VegasWINNERS is currently registered in several states and has made applications in additional ones. According to a statement by the company, “It is the intent of VegasWINNERS to get licensed in all states that allow online sports gambling”. 

The State of Tennessee became an online-only sports betting state in April 2019, when the Tennessee Sports Gaming Act became law. In January 2021, the sports betting revenue was $49 million and wagers accounted for $523 million since it launched in November 2020. 

Halfway through 2021, Tennessee has taken in over $1.1 billion in sports wagers. With NFL and college football still to come this fall, betting volume is expected to be even higher in the second half of the year. 

According to a Research & Markets report, the industry should reach $92.9 billion by 2023, growing at an annual compound rate of 11.6%. Projections say that rising technologies such as IoT, Blockchain, and VR will drive the industry forward and that North America will keep pace with the rest of the world, as its market should grow at a rate of 14.78% until 2025.

In an official press release, Wayne Allyn Root, CEO of VegasWINNERS, spoke about thw company’s new license for Tennessee and said: "This is positive news for our company. It's even more affirmation for our vision as sports gambling explodes in popularity. We hope to have affiliate licenses in every state with legal sports gambling. From my 36 years in this industry, I can tell you Tennessee is a state filled with enthusiastic sports bettors and we are honored and excited to be part of sports betting in the great state of Tennessee".

To date, online sports gambling has been legalized in Virginia, Nevada, New Jersey, West Virginia, Pennsylvania, Rhode Island, Iowa, Oregon, Indiana, New Hampshire, Michigan, Colorado, Illinois, Tennessee, Mississippi, Montana and Washington DC.

VegasWINNERS is not affiliated with the Tennessee Education Lottery Corporation.