Residents of Tennessee remain without a sportsbook to gamble on the Super Bowl. Neighboring states of Mississippi and Arkansas both offer sports betting options for Tennesseans. Plenty of options lie within these two states for the sports betting communities in the Volunteer State. MEMPHIS, Tenn. … Read more
Tennessee’s sports betting regulations are drawing negative comments. Experts feel that it is detrimental to their sports betting market and could cost them millions in losses. Study shows France, another market with similar regulations, suffers because of it. NASHVILLE, Tenn. – As the spirit of … Read more
Sports betting was legalized in Tennessee back in July of 2019. Potential sportsbooks hope that betting can start before March Madness. Some potential sportsbooks have concerns that Tennessee could be an uncompetitive market. NASHVILLE, Tenn. – The Tennessee Lottery is ending the public comment period … Read more
The total money wagered at licensed sportsbooks throughout 2019 broke the $11 billion mark. Over $750 million was kept by sportsbooks as revenue from bettors’ losing wagers. With mobile betting becoming standard, 2020 should see over $20 billion wagered. LAS VEGAS – Since PASPA was … Read more
Sports betting in the state of Tennessee has been legalized for months but the launch has stalled. Tennessee wants to involve the public in the final say of sports betting, which received an extension that will further delay sports betting. With no set rules and … Read more
Over 20 states will have legalized sports betting in 2020. The three biggest states for the market are not part of those states but have been in favor of legalization. California, Florida, and Texas have faced either tribal or political opposition on the issue. PROVIDENCE, … Read more
Nevada sportsbooks took in almost $550 million in legal sports wagers during October. Year over year, sports betting revenue increased by $100 million from legal sportsbooks. New sports betting handle and revenue records should continue to be set with mobile betting. LAS VEGAS – With … 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
In May, Tennessee became the first state to legalize online-only sports betting. The Tennessee Education Lottery is the regulatory body in charge of sports betting in TN. The State Lottery is looking to partner with a third-party service in order to vet potential Tennessee sportsbook … Read more
There are a total of 13 states with active legal sportsbooks in the US. Each state with legal sports wagering has its own laws when it comes to betting on college sports. Tallahassee, Fla. – With the 2019 college football season well in its groove, … Read more
MI HB 4916 would legalize both retail and state-wide mobile sports betting apps. The current tax rate set on the bill calls for 8% of sports betting revenue to be paid to the state. Other state officials believe it should be closer to 15%. The … Read more