New Tennessee Gross Wager Gambling Tax Could Cost State Money

Tennessee’s New System For Taxing Sports Wagering Will Begin July 1.Had The New Tax Been In Place Since Wagering Began In November 2020, The State Would Have Collected $154 Million Compared To The $142 Million It Has Collected. But Those Numbers Have Changed In Recent Months.

Read more

Tennessee Collected $8.8M In Taxes On $392.7M In Sports Wagers In March

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.

Read more

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.

Read more