Effective July 1, 2023, things will be different for sports wagering licensees in Tennessee. Eliminated are the minimum hold requirement and the official league data mandate. There will also be a radical change in the way sports wagering companies are taxed: Taxes will be assessed at 1.85% of handle instead of the present 20% of GGR. Also gone is the word "Advisory" from the name of the Sports Wagering Advisory Council.
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TN Governor Signs Groundbreaking Amendments to Sports Wagering Laws
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Tennessee sports betting operators will soon be taxed on the money bettors wager as opposed to the revenue they generate because of a bill signed into law Wednesday by Gov. Bill Lee.
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