WynnBET, the sports betting and casino app of Wynn Resorts, announced that the Sports Betting Committee of the Board of Directors of the Tennessee Education Lottery Corporation has approved it for operations throughout the state, pending compliance with legal requirements. and regulatory.
This means that approval is only conditional at this time. When WynnBET is fully licensed, Tennessee will mark the ninth state where the sports betting app is approved to operate.
The Tennessee expansion is another step in the company’s accelerated growth plan to meet the demands of the fast-moving online and mobile sports betting industry.
Tennessee has been on Wynn’s radar for quite some time, as it is one of the states in the US that currently offers legal options for online sports betting.
Tennessee lawmakers first introduced the possibility of legalizing sports betting in 2018. The goal was to take advantage of the additional income that could generate practice.
WynnBET is owned and operated as part of the Wynn Resort, which has long been one of the world leaders in luxury hotels and casino games. Inspired by that, the mobile app offers a highly responsive interface dedicated to providing hundreds of sports betting options for experienced players as well as beginners.
In 2020, WynnBET acquired BetBull, a move that ensured the expansion of the application to a sports betting technology highly social. The joint venture made sure to provide one of the best betting experiences for clients in different states.
In order to enter the rapidly growing sports betting market in the United States, Wynn Resorts invested $ 80 million in the acquisition of BetBull.
The joint venture was started in 2018 so that Wynn could take advantage of sports betting opportunities in the US At the time, the casino operator owned only the 22.5% by BetBull. After completion of the acquisition, the operator owns the 71%.
The joint venture combines BetBull’s US sports betting operations with Wynn’s betting and social gaming business. The reorganized business now operates under the name of Wynn Interactive.
The mobile app was launched in 2020, so it has kept the brand promise of a rapid expansion. The WynnBET app is currently available to players on New Jersey, Colorado Y Michigan. Meanwhile, you have market access opportunities not only in Tennessee, but also in Indiana, Iowa, Massachusetts, Nevada, and Ohio. He also filed an application for a license in Virginia.
WynnBET is an invention by Wynn Resorts to mark the brand’s place in the online gaming market. The app offers a wide collection of sports betting and casino options to make gaming a truly entertaining experience.
Source: “WynnBET Conditionally Approved for Online Sports Betting in Tennessee,” PR Newswire, February 9, 2021