Multiple sportsbooks and casinos in various states were found to be in violation of state law since sports betting became regulated. Fines were the primary punishment, but may prove ineffective if not raised higher. The revenue in most of these casinos and sportsbooks far exceeds … Read more
Sportsbooks in Tennessee handled $313.3 million in February, the fifth consecutive month Tennessee sportsbooks handled at least $300 million in wagers. Despite the solid handle figure, Tennessee’s sportsbooks recorded their lowest hold rate and revenue total since December 2020 in February. NASHVILLE, Tenn. – Despite … 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
The Tennessee Sports Wagering Advisory Council now has eight of the nine total positions filled. Only one more seat on the Council remains, but there are enough members to conduct business now. Kandace C. Stewart, the business operations and external affairs director for the Memphis … Read more