Tennessee state on track to make sports betting legal

2 May 2019

Tennessee-sports-bettingLooks like Tennessee will be the next US state to give the green light on legalizing sports betting, as the governor claimed that he wouldn't hinder the process. Last Tuesday, the sports betting bill was also approved by the State senate, after the state House of Representatives did so a week before. Local newspaper the Tennesseean reported earlier this week that Tennessee state governor officially announced through his spokesperson that he wouldn't sign the bill, but he wouldn't get in the way either, allowing the bill to go into effect essentially without his signature.

What's interesting in the case of Tennessee as opposed to other states though, is the fact that the bill will only allow online and mobile betting. As a result, it doesn't include land-based wagering. As the situation stands right now, the state of Tennessee doesn't allow any form of gambling, with players being able to participate only in a few state lotteries and gaming events related to charity.

Another thing that's unique about betting in Tennessee is the fact that all holders of a sportsbook license must use official data for league betting, and specifically in-play. As a result, the leagues request a so-called "Royalty fee" to provide that data and have managed to include it in many other betting bills so far. However, the situation in Tennessee is slightly different as it seems that this fee will not be present.

The board responsible for controlling and monitoring the license process will be made out of people from the Tennessee Education Lottery. The fee to get an online and mobile betting license will be $750,000 plus another 20% tax on GGR. Estimates by state officials calculate annual taxes from betting to rise to an impressive $50m.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

UFC 286: Edwards vs Usman Odds & Preview Featured Image

One of the biggest UFC events of the year takes place on Saturday, March 18 at the 02 Arena in London. UFC 286, starting at 19.00 local time, features...

Read more »

22bet Awarded EPL Jerseys To Five Lucky Bettors Featured Image

Five of 22bet’s Kenyan users have received English Premier League jerseys after successfully predicting the correct score of Manchester United v...

Read more »

Betting Preview And Odds For Formula 1 2023 Season Featured Image

On March 3-5, the 24th Bahrain Grand Prix will mark the return of Formula One for its first full weekend of the new 2023 season. Max Verstappen, who h...

Read more »

Bet-at-home To Use EveryMatrix’s Sports Betting Platform Featured Image

European bookmaker Bet-at-home has launched its new sports betting solution from EveryMatrix, replacing its present platform. EveryMatrix’s Odds...

Read more »

Stake.com Becomes Official Partner Of Alfa Romeo F1 Team Featured Image

The renowned crypto bookmaker Stake.com recently signed a deal with Alfa Romeo F1 Team to become their name sponsor. The partnership is going to stand...

Read more »

1xBet Issues Press Release To Shoot Down Allegations Featured Image

On 25/1/2023, 1xBet issued a press release to shoot down claims from a recent article, that came to light stating that the bookmaker is currently faci...

Read more »

Stake.com Pays Out On Arsenal As Premier League Champions Featured Image

The online sportsbook Stake.com has already paid out on outright bets on Arsenal to win the league, as they went onto 50 points after 19 games with a ...

Read more »

1xBet Nominee In Multiple Categories At 2023 IG Awards Featured Image

Established back in 2007, 1xBet is considered one of the leaders in the sports betting industry. Therefore, the 11 nominations the brand received for ...

Read more »

BetConstruct Cryptocurrency Transactions Allowed By MGA Featured Image

The Malta Gaming Authority has given BetConstruct, a member of the Vivaro Limited Group, permission to begin accepting bitcoin and other cryptocurrenc...

Read more »

Newcastle United Odds On Premier League Top-4 Finish Slashed Featured Image

Following an emphatic 3-0 away victory against Leicester on Boxing Day, Newcastle United have established their spot in the English Premier League Top...

Read more »

bookmaker banner
bookmaker banner