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Gov. Bill Lee delivers his 2023 state address on Feb. 6. Lee recently signed Senate Bill 475, which will tax sports betting handle and replace a previous tax structure. (Image:  State of Tennessee)

Tennessee Becomes First State to Tax Sports Betting Handle

Sportsbooks operating in Tennessee will soon begin paying taxes based on wagers rather than revenues. The new law goes into effect on July 1. Tennessee Gov. Bill Lee (R) recently signed into law Senate Bill 475, which implements a first-of-its-kind...

Nick Juliano May 31, 2023

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