Tennessee Earned $7.3M In Taxes On $410.8M In Sports Wagers In January
Tennessee’s Sportsbooks Collected $7.3 Million In Privilege Tax On $410.8 Million In Bets In January.
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Mary Beth Thomas
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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TN Collected $68M In Sports Wagering Taxes In 2022
Tennessee Brought In More Than $68 Million In Sports Betting Privilege Tax In 2022, A 67% Increase From The $40.7 Million Collected In 2021.
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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 Closing In On $6B In Sports Wagers Since Opening Online Wagering In Nov.2020
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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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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