What Tennessee Sports Gaming Act 2019 - Online-Only Sports Betting Licensing requires
The Tennessee Sports Gaming Act 2019 (Public Chapter 512; Tenn. Code Ann. 4-40-101 et seq.) established a unique online-only sports betting regime with no retail sportsbooks. The Tennessee Education Lottery Corporation initially administered licensing; a new Sports Wagering Advisory Council was created to oversee the industry. Operators pay a 20% tax on adjusted gross income. A mandatory 10% hold requirement (hold rate of wagering handle) distinguishes Tennessee from all other US sports betting markets. Sports betting launched 1 November 2020.
Pillar: Gaming & Gambling · Authority: Tennessee Sports Wagering Advisory Council; Tennessee Education Lottery Corporation · Version: 1.0.0 · Last updated:
Primary source: https://www.tn.gov/sportswatering
SHA-256 integrity: 0e04888e1e605fd7d2b05e5e142c9eea7f5bfbc4d32bc25ff1837c0ee4ecc8aa
Primary Citations — 8 traced to source
- Tennessee Sports Gaming Act - Public Chapter 512 of the Acts of 2019; codified at Tenn. Code Ann. 4-40-101 et seq.; enacted 2 May 2019
- Tenn. Code Ann. 4-40-104 - licence requirements: age 21 minimum; geolocation; 10% minimum hold rate; official league data for in-game wagering
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