Sports betting legalisation bill introduced in Tennessee

The Tennessee House will soon be mulling a sports betting legalisation bill following the introduction of HB 0001 by Representative Rick Staples.

Proposals within the bill call for a state tax on GGR of ten percent, which will be used primarily to fund projects in the state general fund (40 percent), with 30 percent earmarked for Tennessee colleges of applied technologies and community colleges for equipment and capital projects, and 30 percent going to local governments for education and infrastructure.

The bill also proposes the establishment of a Tennessee Gaming Commission to regulate sports betting in collaboration with the Tennessee Bureau of Investigation for purposes of enforcement.

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