§ 4-51-323. Inspections
Members of the board or designated employees or agents of the corporation may, during normal business hours, enter the premises of any facility of a licensee or third party utilized by the licensee to operate and conduct business in accordance with this part for the purpose of inspecting books and records kept as required by […]
§ 4-51-314. Wagers Prohibited
The board shall, by rule, prohibit wagering on: Injuries, penalties, and other types or forms of wagering under this part that are contrary to public policy, unfair to consumers, or deemed to violate the Constitution of Tennessee, Article XI, § 5; and Individual actions, events, statistics, occurrences, or nonoccurrences to be determined during a collegiate […]
§ 4-51-315. Integrity of Sports Wagering — Public Interest
The board, council, licensees, and vendors shall cooperate with investigations conducted by sports governing bodies and law enforcement agencies, including, but not limited to, providing or facilitating the provision of account-level betting information and data files relating to persons placing wagers. Licensees shall immediately report to the board any information relating to: Criminal or disciplinary […]
§ 4-51-316. Official League Data
A licensee shall exclusively use official league data for purposes of live betting unless the licensee can demonstrate to the board that the governing body of a sport or sports league, organization, or association or other authorized entity cannot provide a feed of official league data for live betting in accordance with commercially reasonable terms, […]
§ 4-51-317. Applying for Licenses — Fees
An applicant for a license shall submit an application on a form, in such manner, and in accordance with such requirements as may be prescribed by rule of the board. An application for a license must include the following: The identification of the applicant’s principal owners who own five percent (5%) or more of the […]
§ 4-51-318. Restrictions on Licensees
A licensee shall not: Allow a minor to place a wager; Offer, accept, or extend credit to a bettor; Directly advertise or promote sports wagering to minors. The board shall adopt rules specific to the manner in which a licensee may advertise its business operations as authorized by this part; Offer or accept a wager […]
§ 4-51-319. Responsible Sports Wagering
Licensees shall allow bettors to restrict themselves from placing wagers with the licensee, including limits on the time spent betting and amounts wagered, and take reasonable steps to prevent those bettors from placing such wagers. At the request of a bettor, a licensee may share the request with the board for the sole purpose of […]
§ 4-51-304. Taxes — Collection — Disposition of Taxes
It is a taxable privilege to offer sports wagering in this state under a license issued in accordance with this part. Notwithstanding any state law to the contrary, a licensee shall only pay a privilege tax on its adjusted gross income in accordance with this section. There is imposed upon the adjusted gross income of […]
§ 4-51-305. Lottery Corporation Sports Wagering Advisory Council — Creation — Membership — Terms
There is created a lottery corporation sports wagering advisory council to assist the corporation with sports wagering activities. The council is composed of nine (9) members appointed as follows: Three (3) by the governor, with one (1) member from each grand division of this state; Three (3) by the speaker of the senate, with one […]
§ 4-51-306. Powers and Duties of Corporation and Board — Adoption of Rules
The corporation and board shall enforce this part and supervise compliance with laws and rules relating to the regulation and control of wagering on sporting events in this state. The board shall promulgate rules in accordance with this part. Rules of the board promulgated under this part must be adopted, amended, or repealed in the […]