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Industry
March 25, 2024
ETSU Gambling Clinic Notices Rise in Visits Among Youngsters
In the context of the current 2024 NCAA Tournament and the legalization of mobile sports bets in Tennessee and its spectacular effects, the personnel at East Tennessee State University’s (ETSU) gambling clinic have announced an outbreak in the number of young individuals visiting the clinic for gambling-related problems. ETSU uses a $1.2 million grant from […]
Industry
March 11, 2024
Tennessee Sees 13.4% YoY Increase in Sports Betting Handle despite Monthly Decline
Tennessee’s sports betting landscape witnessed a substantial 13.4% year-over-year surge in the handle, reaching $378.2 million in February. While this marks the third consecutive month of decline in the state, the gross handle for February was still 15.6% higher than the same month last year. However, it fell short by 18.8% compared to the $465.8 […]
Sports
January 22, 2024
Voided Winning Sports Bets Raise Concerns about Pricing Errors
Since 2018, sports betting has rapidly expanded across the United States. The repeal of PASPA, paving the way for the expansion of legal wagering helped deliver the activity to customers in nearly 40 different states. Customers who use licensed betting operators can feel confident that their data is protected, while at the same time, they […]
Sports
December 19, 2023
Tennessee Breaks Sports Betting Records with Over $500M Handle in November
Tennessee’s sports betting industry hit a historic milestone in November, as the state reported a staggering $517 million in gross wagers, marking the first time the monthly handle surpassed the $500 million mark since the launch of sports betting in November 2020. Tennessee’s Sports Betting Hits All-Time Peak with 16.16% Surge in November The Tennessee […]
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. […]
