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Gambling in the USA

Tennessee Advances in Sports Betting Legalisation

Published

6 years ago

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Tennessee Advances in Sports Betting Legalisation
Photo Source: knoxnews.com
Reading Time: < 1 minute

 

Tennessee has moved forward and reached near the sports betting legalisation. Governor Bill Lee is expected to allow Bill H1 this coming weekend, without his signature.

Policy makers are already anticipating a generous flow of new revenue into the state. Projections for gaming revenue from sports wagering hover around the $254m mark. They are based on a prediction that the state’s population of adults and 3.5 million tourists will generate an average of $30 per head in gross gaming revenue.

Tennessee will be unique among states that allow sports wagering where there will be no terrestrial offer open to bettors. The Bill legislates solely for online and mobile gambling and market entrants will be required to sign up to commercial agreements with the sports leagues in order to gain access to official data, use of which will be mandatory.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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