Betly Sportsbook Announces Exit From Tennessee Market

Sports betting in Tennessee will look a little different in 2026.

Delaware North has announced that it will shutter its Betly Sportsbook platform in the state. The decision was made as part of a strategic realignment as the company prepares to head into the new year. However, the company confirmed Betly could return to the market in the future.

“As we evolve our business strategy, we’re excited to concentrate our efforts on our existing markets, while also preparing for new state launches that will further strengthen our footprint,’ a statement from VP of Interactive Gaming Lee Terfloth read. “We encourage customers who are missing out on the experience to visit the sportsbook at Southland Casino Hotel or place wagers online while in the state of Arkansas.”

Bettors can continue to use the sportsbook for just over three weeks, giving them time to withdraw funds and find a new online sportsbook. Once Betly officially exits the state, bettors will be left with nine other options for betting on sports.

As of today, Betly has not announced plans to exit its three other sports betting markets or the online casino platform in West Virginia.

Betly, which launched in 2022, will be live and accepting wagers and deposits until December 29.

What Does the Future Hold for Betly?

Exiting a US market is rarely a good sign for an online sportsbook’s future, but Delaware North continues to insist its gambling operations are far from over.

The company is still considering re-entering the Tennessee market in the future and expanding the platform to several other markets. Delaware North has partnerships with Playtech, Nuveir, and Birches Health to operate Betly and has not withdrawn from any of those agreements. That would make expansion far easier, though there is a chance the company has its focus set on something else.

Fanatics stunned the industry this week by launching a prediction platform, which includes sports. FanDuel and DraftKings are both pushing to launch their own platforms, indicating a shift in the country’s larger sportsbooks' focus. Underdog forfeited its Missouri sports betting license to focus on its prediction platform, seeking to avoid regulatory blowback.

With several sportsbooks risking their sports betting revenue to pursue prediction markets, Delaware North may be doing the same.