This week officials with the Tennessee-based Action 24/7 online sports betting company said that they, unlike their competitors, do not delay withdrawals or offer bonuses for players to cancel withdrawals. New Jersey officials, according to The Minnesota Star Tribune, this week threatened to act against sports book operators who ask customers to cancel requests to cash out money.Read More
Monday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed the President of Action 24/7 Local TN Sportsbook App Tina Hodges to the newsmakers line to discuss how her new app works for online sports gambling.Read More
An attorney for the Las Vegas-based BetMGM sportsbook company has claimed trademark infringement against its Tennessee-based competitor Action 24/7 because of two advertisements that Memphis wrestler Jerry Lawler tweeted this week. The Jerry Lawler ad prompted Las Vegas-based attorney Lindsey A. Williams to send a cease and desist letter to Action 24/7.Read More
NASHVILLE, Tennessee–Bettors in Tennessee made $27 million in wagers during the first week and one day of legally authorized sports-only gambling in the state. WATE reported the details: On November 1, over $5.1M was wagered, the adjusted gross income (AGI) was $800K, and the total tax was $160K. From November…Read More
Sports fans in Tennessee placed the first legal sports bets in the state this week, as sports wagering became legal Sunday.
Sports wagering is estimated to generate up to $4.5 billion in revenue each year, according to a study by Oxford Economics. The state will collect about 20 percent of that revenue – the second-highest tax rate on sports betting in the country – to support scholarships in the state.Read More
Action 24/7, the only Tennessee-owned and operated sportsbook, is about to make its debut and will initially compete against three international operating publicly-traded companies.
“We believe we have a home-field advantage that will be hard for competitors to match. Our investors and our employees are from communities across the state,” said Action 24/7 CEO Tina Hodges.Read More