More Wagers, Less Taxes Collected In August For Tennessee Sports Wagers
Tennessee Saw More Wagers And Less Taxes Paid On Those Wagers In The Second Month Of Its New System For Taxing The State’s Sportsbooks.
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Tennessee Collected $1.7M In Sports Gambling Taxes In May
Tennessee Collected $7.1 Million In Privilege Taxes On Mobile Sports Betting In May, Which Is Nearly $2 Million More Than The State Would Have Collected Under A New Tax Structure Set To Begin On July 1.
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Lee Signs Bill To Charge Tennessee Sportsbooks 1.85% On Gross Wagers
Tennessee Gov. Bill Lee Signed A Bill That Will Make Tennessee The First State To Tax Sportsbooks Based On The Total Gross Wagers Accepted In The State.
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Tennessee Collects $6.4M In Sports Wagering Taxes In April
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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Gov. Lee To Decide On Tennessee Airports, Teacher Pay And Sports Gambling Bills
Tennessee Gov. Bill Lee Will Be Facing A Decision On Whether To Sign Several Key Pieces Of Legislation This Week That Were Sent To Him May 9, Following The End Of The Legislative Session.
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Tennessee Changing Sports Betting Tax Structure With 1.85% Gross Wager Tax
Tennessee’s Legislature Approved A Deal Friday To Have Its Sportsbooks Taxed 1.85% On All Gross Wagers, Changing The Way Sports Betting Has Been Taxed Since The State Started Legal Online Wagering In November 2020.
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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.
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Tennessee Senate Advances Plan For 2% Tax To Sportsbooks On All Wagers
A Bill That Will Change How Tennessee Taxes Sports Gambling Will Next Head To The Senate.
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