Legislation that would scrap requirements for sports betting sites in the Volunteer State to hang on to 10% of all the wagering dollars they handle and to use official league data for live wagering is making progress.
Senate Bill 475 passed the Tennessee Senate last week by a vote of 30-0 and is ready to be transmitted to the state’s House of Representatives, where similar legislation has already been introduced.
S.B. 475 would make several tweaks to the rules for Tennessee sports betting, including by requiring licensees to pay a privilege tax equal to 2% of their total handle rather than 20% of their adjusted revenue.
