FanDuel and Memphis Grizzlies Strike Partnership Deal
Remote-only sports betting in Tennessee is off to a terrific start, as there were four operators ready to go from Day 1.
The state is expected to post some huge numbers in the first month, and professional sports teams in the state are starting to take note.
Earlier this month, the Memphis Grizzlies and FanDuel announced a partnership agreement that will restart a prior deal between the two companies. This time around, The Grizzlies and FanDuel have reached an agreement on the sports betting side of things instead of the daily fantasy sports side.
As per the agreement, FanDuel will become the official sportsbook partner of the Memphis Grizzlies in what is a multi-year deal. The Grizzlies are looking to expand into the sports betting industry, and FanDuel is hoping to be a leader in the state by partnering with a popular team.
This is the first deal of its kind for FanDuel as the company has yet to partner with another NBA team. FanDuel had previously reached an agreement with Turner Sports to be the official sports betting partner of that broadcasting giant.
The National Basketball Association was one of the first leagues to openly accept and embrace sports betting, allowing its teams to seek out these sorts of deals. When the 2020-21 NBA season starts up in December, FanDuel Sportsbook will have plenty of signage and promotional displays up at the FedEx Forum.
FanDuel is also once again the official daily fantasy sports partner of the Grizzlies, and this is now the second time that this agreement has been reached. The Grizzlies had three other options to pick from when choosing a partner, but the team decided to go back to FanDuel after a successful first partnership.
COVID-19 Limiting Betting Options
The National Football League brought in the most bets during the first week of betting in Tennessee, and that will likely remain the case throughout the season. Betting on college athletic events is allowed in the Volunteer State as long as these are pre-game wagers.
The Tennessee Volunteers are the most popular team in the state, but COVID-19 has recently forced the cancellation or postponement of some games. That will take away some betting options for bettors and could lower the amount of money brought in during the month.
On Monday, the SEC announced that the Tennessee-Vanderbilt game that was scheduled for Saturday has been postponed. Vanderbilt will now be taking on the University of Missouri, and Tennesse won’t be back on the field until December 5.
Tennessee and Vanderbilt is a huge rivalry in the state of Tennessee, and there would have been plenty of betting action on this matchup. The Volunteers lost another game earlier this month when their matchup against Texas A&M was postponed until December 12.
The Tennessee Men’s Basketball team was set to begin play on Wednesday as part of the Volunteer Classic, but that entire event has now been canceled due to COVID-19. The basketball program has shut down all operations, and it is unclear when they will take the court.
If you are having a wager on the game this weekend, why not check out all the best sportsbook apps in Tennessee.
Check back for more TN sports betting news and the latest sports news in The Volunteer State.
Payday Loan Bills Removed From Discussion in Tennessee
A pair of bills seeking to outline acceptable forms of deposit at Tennessee online sportsbooks…
Tennessee Sports Betting Could See Changes
The Tennessee sports betting industry just launched on November 1, 2020, but there could already…
Tennessee Sports Betting Sees Another Controversy
The Tennessee sports betting industry has posted some impressive numbers since a November 2020 launch,…
Tennessee Sports Betting Numbers Low In February
The Tennessee Education Lottery released the February sports betting numbers, and they were disappointing, to…
Action 24/7 Has License Suspended
Big news has come out of the Tennessee sports betting industry, and it is a…
William Hill now available in Tennessee
William Hill is now live in Tennessee after receiving approval from the Tennessee Education Lottery.…