Tennessee Conservative
A Proposal Aimed At Helping Low-Income Students Complete Their Degrees Through The Tennessee Promise Scholarship Program Will Soon Be Heard In The Tennessee Legislature.
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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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Tennessee Saw $495 Million Worth Of Gross Sports Wagers In December While Collecting $9.1 Million In Privilege Tax.
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Tennessee Collected $9.5 Million In Taxes On Sports Wagering In November, Up From $9.4 Million Last November As The State’s Sportsbooks Accepted $517 Million In Gross Wagers.
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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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Image Credit: RawPixel / Public Domain The Center Square [By Jon Styf] – Tennessee collected $1 million less in taxes
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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’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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If Trends Hold, By The End Of Next Month Tennessee Will Have Seen $6 Billion In Sports Wagers Since The State Opened Legal Online Sports Gambling In November 2020.
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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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