Sports Wagering Taxes Expected To Rise After One-Year Drop

Tennessee’s Sports Wagering Council Is Expecting This Fiscal Year To Show A One-Year Dip In Sports Wagering Taxes Collected Before Seeing That Total Rise Again Next Fiscal Year.

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TN Legislature Could Change Sports Betting 10% Profit Requirement

Tennessee’s Sports Wagering Advisory Council Decided To Delay Punishments For Nine Operators That Didn’t Meet A 10% Profit Mark Last Year While It Approved Fanatics Sportsbook To Begin Operations At Its Wednesday Meeting.

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Tennessee Council Approves Renewal Of Licenses For First 4 Online Sportsbook Operators

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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TN Adjusts Online Sportsbook Accounting Requirements, Leading To Increase In Taxes Collected On Earnings

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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