- Tennessee sportsbooks report 7% uptick in handle in June
- Tennessee signs off on bill to tax sports betting handle
- Fanatics gearing up to launch sportsbook app in Ohio and Tennessee
- Tennessee handle tax moves a step closer with legislature nod
- Tennessee making progress in push to drop mandatory hold requirement
What type of licenses are available?
Just DFS currently.
How many skins are permitted per license?
How do you apply for a license?
DFS licensing information available here: https://sos.tn.gov/products/fantasy-sports-application-form
What are the integrity fees?
What are the current tax rates and license fees?
Tax on sports betting is 20% of gross gaming revenue. Annual license fees are $750,000.
Is there a self-exclusion register in the state?
Is sports betting legal?
Governor Bill Lee let the Tennessee Sports Gaming Act pass through as law without his signature, thus legalizing online/mobile sports betting in the state.
With no land-based casinos in state, The Tennessee Education Lottery Corporation is responsible for the licensing and regulation of online sports wagering in Tennessee. Currently the Secretary of State oversees the DFS sector.
Is sports betting permitted online?
Yes, state legislation only permits online/mobile betting and there are unlikely to be any physical sportsbook locations.
Is there any specific legislation for daily fantasy sports?
Yes, signed into law in 2016. It includes a $50,000 licensing fee and a 6% tax on revenue.
What legislation, if any, is currently pending?