Tennessee saw $384.2 million in sports wagers in April with $7 million in taxes collected.
That was up from $318.4 million in wagers and $6.4 million of taxes collected in April 2023.
Read the full storyTennessee saw $384.2 million in sports wagers in April with $7 million in taxes collected.
That was up from $318.4 million in wagers and $6.4 million of taxes collected in April 2023.
Read the full storyA bill that would ultimately take $54 million worth of annual sports gambling taxes and spend it on child care scholarships passed a Senate committee despite the objection of two Republican lawmakers who believe funding child care is beyond the scope of government.
The bill would create a Promising Futures Account with Tennessee’s treasury and begin by giving up to $4,500 in scholarships for approved early childhood learning programs.
Read the full storyTennessee saw a record $405.3 million in sports gambling wagers in October, according to numbers released on Thursday afternoon.
The previous high was $386 million in January.
Read the full storySports betting will open in Ohio on Jan. 1, and the state could realize revenues of more than $30 million from fees this year.
Nonrefundable application fees of $9.6 million have already been received according to a report from PlayOhio. Once an application is approved, the vendor must pay a license fee to begin taking bets, then pay an annual fee to continue the license. Licenses are good for five years, at which time the fee structure begins again.
Read the full storyAn industry group that tracks sports betting laws and revenue from gaming across the nation called Ohio’s new sports gambling law the best in the country.
PlayOhio, part of the PlayUSA Network, believes the state’s patience and collaborative approach to produce its sports gaming law set the bar high for state’s still debating gaming options. The group’s opinions are outline in a new market analysis recently published.
Read the full storyFriday 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.
Read the full storyTennessee collected more than $3 million in sports wagering revenue in December, according to a report from the Tennessee Education Lottery.
More than $180 million in legal sports wagers were placed in Tennessee during the month – the second full month of legal sports betting in the state.
Read the full storyMonday 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 the full storyHouse lawmakers on Thursday passed a bill to legalize sports wagering in Ohio, a move that could generate millions in tax revenue for the state.
House Bill 194 levies a 10 percent tax on gross gaming revenue with proceeds to benefit education in the Buckeye State. The measure could bring in $17.7 million in additional revenue for the state during the 2022 fiscal year and $23 million during the 2023 fiscal year, according to the Legislative Service Commission (LSC).
Read the full story