No verdict is in for the appeal of Tennessee Action 24/7 Sportsbook to have their sports betting license reinstated. The case is at a standstill as the state believes the Tennessee Education Lottery Corporation (TELC) was well within its rights to suspend a license indefinitely … Read more
Tennessee lawmakers approve high-risk flex loans for lenders to coincide with the Action 24/7 sportsbook. This will act as a store for sports bettors to deposit gambling funds as well. The annual interest rates are up to 279.5%. NASHVILLE, Tenn. – In an interesting twist … Read more
GeoComply has announced that it has received the Supplier Registration and can offer geolocation and compliance solutions to Tennessee betting operators. GeoComply has launched PlayPause which is a tool to enhance the effectiveness of any iGaming and online sports betting program. KNOXVILLE, Tenn. – GeoComply … Read more
The Tennessee Education Lottery Corporation has stated that online sports betting will be available on or before November 1. The state has a few requirements that may limit the market including the first of its kind 10% hold on sports betting handle. Though the date … Read more
International Game Technology PLC (IGT) has announced extensions and expansions of its lottery deals with Missouri, Virginia and Tennessee. IGT will also be rolling out an improved online sportsbook for Rhode Island. These developments could signal that IGT is primed for a surge in stock … Read more
Tennessee still cannot come up with reasonable rules and regulations that will allow the process of launching legal sports betting in the Volunteer State to become easier. TN HB 1 made mobile gambling on sports legal in 2019 but there are still no set rules … Read more
Sports betting in Tennessee became legal without the governor’s signature in May. The Tennessee Education Lottery Corporation is working with the Tennessee Sports Wagering Advisory Council to develop regulations and licensing procedures. Tennessee is the only state in the nation to legalize only online sportsbooks. … Read more
Governor Bill Lee did not sign the sports betting measure but allowed it to become law. Legislators are unsure of a specific launch date, with answers ranging from mid-NFL season to mid-NBA season. Tennessee’s licensing fee of $750,000 marks the highest fee in the nation. … Read more
