Friday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Founder and President of Action247.com, Tina Hodges to the newsmakers line to talk about their innovation of online sports betting.
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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.
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Tennessee Gov. Bill Lee plans to let an online sports gambling bill become law without signing it, multiple news outlets are reporting. The Tennessee Journal: On the Hill reported: “The governor has said he does not believe that the expansion is best, but he recognizes that many in the legislature found this to be an issue they want to explore further,” Lee spokeswoman Laine Arnold said in a statement. “He plans to let this become law without his signature.” The Tennessee Education Lottery will be responsible for carrying out the online sports betting program, the Chattanooga Times Free Press said. There will be a 20 percent tax, which is expected to generate $41 million for the lottery, $7.6 million for local government revenue and $2.5 million to provide anti-gambling addiction programs through the Tennessee Department of Mental Health. The original version of the bill would have permitted gambling shops in physical locations but that provision was dropped after the governor opposed it, the Times Free Press said. The bills are HB0001 in the House and SB0016 in the Senate, according to the tracking information, which is available here. The Senate on Tuesday passed the bill, with three amendments, by…
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A bill that would legalize online sports betting, subject to regulations limiting access and directing the expected $50 million in new annual tax revenue to education and mental health initiatives, is headed for a House floor vote on Wednesday. The U.S. Supreme Court opened the door for states like Tennessee to legalize sports betting last year. Tennessee Attorney General Herb Slatery kicked it wider when he issued an opinion that sports betting could be legalized by legislative action rather than requiring a Constitutional amendment. Supporters of the legislation point out that HB0001 would stem the flow of dollars already being bet in online sights of dubious origin and traveling to casinos just south of Memphis where on-site sports betting has already been legalized by the State of Mississippi. They also point to the easy access to sports betting sites online right now, but which don’t put any revenue into Tennessee-based companies or the state’s tax coffers. In fact, advertising of online sports betting sites is a booming business despite there being relatively few legal avenues to place bets in the U.S. The sports networks clearly see more states coming online with legal betting, and they are right — with Montana…
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