Industry
October 17, 2023
Memphis PD Seizes Illegal Gambling Machines and $1M Cash
An ongoing police operation against illegal gambling across Memphis, Tennessee, saw more than $1 million in cash seized, along with nearly 270 illegal gambling machines. The Memphis Police Department (MPD), announced Monday details regarding an ongoing operation that sought to investigate and discontinue criminal activities related to illegal gambling, as well as acts of violence […]
Legal
June 1, 2023
Tennessee Signs Betting Handle Tax Bill into Law
Taxing a betting handle rather than gambling revenue isn’t a new concept. In the US, different states such as Minnesota and Kentucky, have previously filed such proposals that haven’t seen much success. Yet, against all odds, a bill proposing exactly that form of tax gained traction in Tennessee. Back in April, Senate Bill 475 (SB […]
Legal
April 19, 2023
Tennessee Bill Calling for Betting Handle Tax Gains Traction
Sports betting operators in Tennessee may see significant changes to the existing regulatory framework thanks to a proposal that is gaining traction. The proposal, Senate Bill 475 (SB 475), has recently cleared the Senate in Tennessee last week following a 30-0 vote. Now, it is advancing toward the House of Representatives, a report released by […]
Legal
March 21, 2023
Tennessee Seeks to Tax Betting Handle Instead of Revenue
After PASPA’s repeal in 2018, Tennessee legalized sports wagering in May 2019. Then, November 1, 2020, marked the launch of the legal online sports betting market in the state. Currently, sports betting operators are subject to a 20% tax on sports betting revenue. Moreover, to operate in the state, licensees are subject to meeting license […]
Sports
February 13, 2023
KeyStar Corp Seeks Licensing Approval for ZenSports in Tennessee
The ZenSports platform is a powerful solution that enables partners to roll out both a traditional sports betting platform along with a peer-to-peer betting market attached to it, adding diversity to the available options in legalized gambling markets. Customers are thus able to design their own wagers, set their own odds, and offer them to […]
Sports
December 20, 2022
Nashville Predators Pick BetMGM for Official Betting Partner
The leading sports betting and iGaming operator, BetMGM, announced a new partnership with the Nashville Predators, a professional ice hockey team from Nashville, Tennessee, competing in the National Hockey League (NHL). Nashville Predators Ink Deal with BetMGM The new multi-year partnership announced Monday designates BetMGM as an official sports betting partner of the NHL team. […]
Business
November 11, 2022
Tennessee Sportsbooks Set Record $405M Handle in October
Legal sportsbooks in Tennessee reported strong results last month, hitting $405.3 million in sports betting handle, a new record for the state. Tennessee Sportsbooks Collect Record Wagers in October Details released by the gambling regulator in the state, the Tennessee Sports Wagering Advisory Council (SWAC), reveal that the total sports betting wagers in October hit […]
Sports
October 19, 2022
Tennessee Sets New Sports Betting Ta Record in September
Tennessee had a good month in September. The state managed to clock in a total of $336.9 million in sports wagers, a good total betting handle all things considered, and the sixth-best the Volunteer State has had to date. The state’s tax revenue amounted to $8.7 million, the Sports Wagering Advisory Council reported. Tennessee Betting […]
Sports
September 19, 2022
Tennessee August Sports Betting Tax Revenue Sitting at $4.9M
More than US$5 billion has been wagered in sports bets in the state of Tennessee since the November 2020 launch, and this year’s August tax revenue paints a wonderful picture of the overall conditions of the industry in The Volunteer State. More than 30% Tax Revenue Increase The state of Tennessee is one of the […]
Sports
September 7, 2022
Hard Rock Sportsbook Launches Mobile App in Indiana and Tennessee
Hard Rock Sportsbook has gone right ahead and launched its mobile apps in Indiana and Tennessee, expanding the company’s reach in the vertical. This is part of the company’s grander expansion into the digital segment, which has been long on the mind of the tribal operator. Two More States Go Digital with Hard Rock Sportsbook […]
