Expensive to Play<\/strong><\/h2>\r\nOperators may begin applying for licenses next week, but they may not beat a path to the door. Not only has the Lottery Board made it difficult to be competitive in the market, but it has made it expensive to enter.<\/p>\r\n
The first draft of the state\u2019s sports betting bill that surfaced last year set the tax rate at an operator friendly 10 percent, which has since doubled, and the license fee at $75,000, which has since been multiplied by ten.<\/p>\r\n
That\u2019s a lot when the black market can offer your potential customers better odds while paying nothing.<\/p>\r\n
“I believe today that we’re ready to finally adopt all of the rules, regulations and processes so that we can be ready for sports wagering in Tennessee — when sports resume in Tennessee,” Lottery Board chairwoman Susan Lanigan told the Associated Press<\/em> Wednesday.<\/p>\r\nThe board is expected to publish the rules in full on Friday.<\/p>\r\n\r\n
<\/p>\r\n","protected":false},"excerpt":{"rendered":"
Tennessee sports betting could be up and running in the summer. That\u2019s provided there\u2019s something to bet on by then beyond FC Slutsk versus Belshina Bobruisk in the Belarusian soccer leagues. On Wednesday, the socially distancing Tennessee Lottery Board voted via teleconference to approve a finalized framework of regulation for the impending mobile-only sports betting […]<\/p>\n","protected":false},"author":36,"featured_media":133293,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13592,1074],"tags":[],"acf":[],"yoast_head":"\n
Tennessee Sports Betting Rules Finalized with 10 Percent Minumum Hold<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n