Bill > HB0666

This bill enacts the "Sports Wagering For Stronger Schools Act," which amends several Tennessee statutes to authorize and regulate sports wagering in the state. Key provisions include: - Establishing the Tennessee Sports Wagering Commission to oversee and regulate the industry, including issuing permits to qualified operators, enforcing regulations, and addressing problem gambling. - Imposing a 10% privilege tax on the gross sports wagering revenue of operators, with the revenue earmarked for pre-K-12 education funding. - Allowing municipalities to levy up to an additional 2% privilege tax on gross revenue from physical sports book locations within their boundaries. - Requiring a local referendum for cities to authorize the operation of physical sports book locations within designated areas. - Prohibiting public education institutions from entering into advertising or sponsorship contracts related to sports betting. The bill aims to establish a regulatory framework for legal sports wagering in Tennessee, with a focus on consumer protections, integrity, and directing revenue to support public education.

Government Affairs

http://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0666&ga=111