Tennessee on the Way to Becoming First Mobile Only Sports Betting State

Written by :

Aaron Goldstein

Published on :

24 April, 2019

Tennessee on the Way to Becoming First Mobile Only Sports Betting State

Lawmakers voted 58-37 to approve a sports betting bill that could make Tennessee the first state to offer mobile sports betting without any retail outlets such as sports books located at race tracks or casinos.

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Prefiled back in November, the legislation is sponsored by Rep. Rick Staples (D-Knoxville) and calls for the mobile platform to be regulated by the state lottery.

Tennessee would tax operators above what is expected to be the national average (closer to 10%) at 22.5 percent.

It remains to be seen as to whether Tennessee Governor Bill Lee, a Republican, will sign off on the legislation. Lee initially opposed legalized sports betting.

Any legislation must be signed into law by May 15.

- Aaron Goldstein, Gambling911.com

How Do Bookies Make Money?

Back in the day, a corner bookie had to work 60 hours a week or more. Today's bookmaker spends more time on the beach courtesy of their friend the Pay Per Head platform. And here is the best part: They have the ability to make double the income than when they were putting in those 60+ hours a week.

Tennessee on the Way to Becoming First Mobile Only Sports Betting State

Written by :

Published on :

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