DFS law takes shape in Tennessee
April 20, 2016 9:45 AM
by Phil Hevener
Daily fantasy sports betting may become legal in Tennessee, according to action taken by the House after the state’s attorney general ruled that the contests are illegal gambling under current law.
The vote by lawmakers in the House declares that the contests can be regulated and taxed. The Senate has already passed a similar bill but would have to agree to changes made in the House.
The House version says online companies that offer the contests must be licensed by the state. The measure also generally limits players to betting no more than $2,500 per month. And it would allow the state to impose a gambling tax on fantasy sport operators.
Phil Hevener has been writing about the Nevada gaming business for more than 30 years. Email: PhilHevener@GamingToday.com.