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Tennessee

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[infogram id=”_/rJsK9030yxnp0sdyzvzW” prefix=”uXv” format=”interactive” title=”EGRUS Tennessee- Market data”]

LEGALIZATION DATE
May 24, 2019

MARKET LAUNCH DATE
November 1, 2020

AUTHORIZED OPERATORS
Online operators

RESTRICTED BET TYPES
In-game prop betting on all collegiate events and athletes.

AGE REQUIREMENT
Must be 21+

BETTING ACCOUNT REGISTRATION
Customers of online sportsbooks are not required to register or fund their accounts in person.

TAX RATE
1.85% of sports betting handle

TAX REVENUE ALLOCATION
Education, local government, and problem gambling treatment programs

LICENSE FEES
$750,000 initial license fee

$750k/year for operators receiving $100M in handle
$350K for operators receiving less than $100M in handle

OFFICIAL DATA MANDATE
Data mandate for in-play betting

INTEGRITY FEE
None