GAN, the developer and supplier of B2B igaming software, services and online gaming content in the United States, has welcomed the signing and legalisation of internet sports betting in Tennessee, allowing state-wide sports wagering exclusively via mobile and internet.
Tennessee is the 12th State to legalise sports wagering in the US and the fourth to do so this year. Following the launch, 16 per cent of the total US population will be able to place sports wagers online.
The Tennessee legislature passed a bill in the first week of May permitting online sports betting only on a State-wide basis, expected to commence on July 1.
The bill moved to the governor, who has allowed the bill to become law without his signature. The law came into effect on May 25. There are no physical casino locations in Tennessee. However, with an estimated population of 6.8m, the legalisation of online sports wagering is expected to be material to GAN's business, as the company anticipates existing clients to extend their online GAN-supported operations into Tennessee in 2019.
