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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A Tennessee Sports Wagering Bill Would Change The Way The State Computes Taxes On Sports Betting From Taxing The Amount Sportsbooks Make In Revenue To Taxing All Wagers Placed In The State.
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Tennessee’s Sportsbooks Collected $7.3 Million In Privilege Tax On $410.8 Million In Bets In January.
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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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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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For The Second Consecutive Month, Tennessee Collected $4.6 Million In Taxes On Sports Gambling.
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Tennessee Collected $4.6 Million In Taxes On $370 Million Worth Of Sports Wagers From The State’s Online Sportsbooks In March, According To Numbers From The Tennessee Sports Wagering Advisory Council.
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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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1)Foster / Adoption Exemption Bill To Be Heard In Committee
2) Tennessee Republican Leaders Divided on Medicaid Expansion Incentives
3) Nashville Judge Rules In Favor Of Reinstating Sportsbook Betting License
4) Senator Ted Cruz Tweets Photos, Post Videos Of Border Situation
5) Chattanooga Area Food Bank Launches Reimagined Online Auction To Fight Hunger
