Tennessee Conservative
Tennessee’s Sports Wagering Council Released The State’s July Numbers This Week, Showing The State Collected Nearly $4 Million In Privilege Taxes. But Those Numbers No Longer Include Any Information On How Much Money The State’s Sportsbooks Made.
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Tennessee Collected $6.4 Million In Taxes On $318.4 Million In Gross Sports Gambling Wagers In The State During April.
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Tennessee Collected $8.8 Million In Taxes On Sports Wagering In March On $392.7 Million In Wagers. The Tax Collections Were The Third Highest Since Online Sports Wagering Began In Tennessee In November 2020 And Coincided With The NCAA Basketball Tournament.
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A Bill That Will Change How Tennessee Taxes Sports Gambling Will Next Head To The Senate.
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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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Tennessee Set Records Again For Sports Wagering In December With $440.4 Million In Bets Placed.
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The Tennessee Sports Wagering Advisory Council Approved The Renewal Of The Licenses Of The State’s Four Initial Operators — FanDuel, BetMGM, DraftKings And Action 24/7 — At Its Monday Meeting.
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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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Tennessee Collected $4.9 Million In Sports Gambling Taxes In August, Up More Than $1 Million From July, According To Numbers Released By The State’s Sports Wagering Advisory Committee.
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