Tennessee Sports Betting Policy Subject to Public Consultation
When we talk about sports betting in the US in gambling industry news, the focus is on which states are legalizing sports betting. Specifically, how they will make it possible. Some states are very traditional, like New York, where sports betting can only be made in local casinos. Some, like New Jersey, are more open to other avenues such as online sports betting. Let’s take a look at the Tennessee sports betting policy and see what’s in store for the state.
When looking at online sports betting, getting in as a player and as a bookie is now very easy. With the help of sportsbook pay per head reviews, you can easily pick a software provider to help you create your own sportsbook. What is a pay per head, you wonder? Its pretty simple, actually. You basically use a software service to run your own sportsbook. So, you only pay for every active player you have, thus the term pay per head. This is a lucrative business to join in. Especially with a growing US sports betting market that appreciates the convenience of online and mobile gambling.
Tennessee Sports Betting Policy
Tennessee has already approved sports betting early this year. But lawmakers still want to take it slow and make sure that when they create a sports betting market in Tennessee, it will be a good one without problems or issues. And to do this, they are opening their ears to what their residents have to say. There are draft rules that were published last November 22, and the public can comment on them within 30 days. All input from residents will be discussed when the Sports Wagering Advisory Council will meet in January.
Their cautious approach to regulating sports betting will be covering a lot of aspects, such as in-shop sports betting and online sports betting as well. So far, the licensing fee will cost $750,000. Gross gaming revenue will also be taxed at a steep 20%. The money the state will collect will go to the state lottery’s education fund, the general fund, and for state programs that will address addiction problems. Of course, a much more affordable option is to just put up your own sportsbook – these bookie pay per head reviews will help show you how and why.
