Tennessee Conservative
Tennessee Saw $327 Million In Sports Wagers In February And Received $6.4 Million In Privilege Tax During A Month Highlighted By The Super Bowl, One Of The Largest Sports Betting Events Of The Year.
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If Trends Hold, By The End Of Next Month Tennessee Will Have Seen $6 Billion In Sports Wagers Since The State Opened Legal Online Sports Gambling In November 2020.
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After Executive Director Mary Beth Thomas And The Tennessee Sports Wagering Council Took Over The Management Of Online Sports Betting In The State To Start 2022, Thomas Vowed To Review How Sportsbooks Were Reporting Their Earnings And Therefore Paying Taxes.
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There Are No Casinos, Tribal Or Commercial In Tennessee. Bingo Games Are Also Prohibited. However, The State Does Have A Lottery As Well As Legalized Online Sports Betting. This Is How Much Tennesseans Spend On Gambling Each Year.
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While The American Gaming Association Predicts Betting Will Go Down Nearly 40% This Year Due To The Pandemic, Other Predictions State It May Increase By Up To 60% Thanks To The Legalization Of Online Betting.
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