Online/offline revenue split
Total number of betting premises
Stake tax take
What type of licenses are available?
Just DFS currently
How many skins are permitted per license?
How do you apply for a license?
DFS licensing information available here: https://sos.tn.gov/products/fantasy-sports-application-form
What are the integrity fees?
What are the current tax rates and license fees?
Tax on sports betting is 20% of gross gaming revenue. Annual license fees are $750,000.
Is there a self-exclusion register in the state?
Is sports betting legal?
Governor Bill Lee let the Tennessee Sports Gaming Act pass through as law without his signature, thus legalizing online/mobile sports betting in the state.
With no land-based casinos in state, a regulator will have to be established to oversee sports betting should the state proceed with it. Currently the Secretary of State oversees the DFS sector.
Is sports betting permitted online?
Yes, state legislation only permits online/mobile betting and there are unlikely to be any physical sportsbook locations.
Is there any specific legislation for daily fantasy sports?
Yes, signed into law in 2016. It includes a $50,000 licensing fee and a six percent tax on revenues.
What legislation, if any, is currently pending?