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 Sports Wagering Advisory Council
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 Bill Would Tax Sportbooks On Total Bets Placed, Not Revenue
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 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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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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Tennessee Collects $4.6M In Taxes On $293M On Sports Bets In April
For The Second Consecutive Month, Tennessee Collected $4.6 Million In Taxes On Sports Gambling.
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Tennessee Collects $4.6M IN Taxes On $370M In Sports Wagers For March
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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