Tennessee Legislature Passes Bill for The First Handle Tax in the U.S.

The State of Tennessee announced changes in the sports wagering market as its legislators passed the SB 475 Bill on Friday to change the state’s mobile sports betting tax system. The Bill will amend the existing tax rate of 20% imposed on adjusted gross revenue into a 1.85% tax generated from an operator’s handle.

SB 475 Bill Passed:

As Sports Handle reports, the SB 475 Bill sent to be signed into law by Gov. Bill Lee, will eliminate the state’s controversial rule that required mobile sportsbook operators to have a 10% revenue hold each month. The legislators reportedly proposed a change to prevent operators to skirt the rule by paying fines when they fail to meet the requested 10% mark by brin…

6 Helpful Online Slot Tips_2

6 Helpful Online Slot Tips

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sources from rwandair.com

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