Tennessee Sports Wagering Tax Collections Have Not Risen As Fast As Wagers

Tennessee Sports Wagering Taxes Have Not Risen At The Same Rate As The Amount Of Sports Wagers But The Tax Collections Are Up Nearly $2.5 Million Year Over Year For The First 11 Months Of The State’s Fiscal Year.

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Fanatics Sportsbook Fined $50K, Zen Sports $60K For Tennessee Sports Wagering Violations

Fanatics Sportsbook Was Fined $50,000 In Tennessee For Allowing 8 People Who Were On An In-App Self-Exclusion List To Place Bets During That Exclusion. Zen Sports Received A $60,000 Fine For Not Maintaining A High Enough Balance In Its Reserve Account To Cover Outstanding Bets And Obligations.

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Tennessee Reports $474M In Sports Wagers, $8.6M In Taxes For January

Tennessee Saw $467 Million In Gross Wagers And $8.6 Million In Privilege Tax Paid In January, Making It The Third Highest Amount Of Wagers The State Has Seen Since Betting Began In November 2020.

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Sports Wagering Taxes Expected To Rise After One-Year Drop

Tennessee’s Sports Wagering Council Is Expecting This Fiscal Year To Show A One-Year Dip In Sports Wagering Taxes Collected Before Seeing That Total Rise Again Next Fiscal Year.

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