Sports bettors in Tennessee expecting to wager on the Titans’ first snap of their regular season need to be happy only rooting for the home team some time longer.
State lawmakers and other officials confirm setting up the country’s first mobile-only sports betting operation, at a country that where betting is but prohibited, is taking more than anticipated.
Optimistic estimates for first stakes are at winter, with much more realistic quotes in early 2020.
The Tennessee Education Lottery Corporation, which manages sports betting, will create the regulations required for gaming to start.
It also will work with a nine-member advisory panel, selected by the governor, lieutenant governor and Speaker of the House, who will counsel the lottery corporation on several different topics including technician help and proper practices.
The betting bill became law on July 1. As of this moment, less than half of the advisory panel members have been selected.
Lieutenant Gov. Randy McNally told reporters Thursday he’d favor all nine members of this regulatory board be selected until guidelines for Tennessee sports gambling are set.
McNally, who voted against sports gambling has made two out of three board options: former FBI agent Brian Fazenbaker and Knox County’s Chief Deputy District Attorney General Samuel Lee.
Embattled GOP House Speaker Glen Casada, who affirmed the betting measure, also made two appointments on the board:?? Knoxville attorney John Valliant Jr. and lobbyist Thomas Lee.
Cadasa resigned his job as leader of their GOP-controlled House last week under a cloud of controversy concerning explicit text messages around women, according to the Associated Press.
House Speaker nominee Rep. Cameron Sexton is forecast to create the third board pick after formally becoming speaker later in the month in a particular legislative session.
Republican Gov. Bill Lee, that was not supportive of expanded gambling in the country and allow the laws become law without his signature, has yet make any of their three appointments to the sports wagering council.
Lee said he will make selections in next couple weeks and isn’t slowing down the procedure, the AP reported.
Regardless progress in getting the ball rolling on implementing legal sports betting in Tennessee has slowed.
Regulations have to be set up before any betting can happen, according to lottery officials.
“As required by the Tennessee Sports Gaming Act, the Tennessee Education Lottery Corporation is working to create the necessary rules and procedures needed for online sports wagering,” Tennessee Lottery spokesperson Kym Gerlock wrote in an email to the Tennessean. “There is no timeline at this point, but we will post updates on our website since they are readily available.”
Sports gambling is estimated to create as much as $254 million in non gambling revenue annually.
15 percent of tax revenue goes ahead of the Lottery for Education Fund, 15 percent goes to local government infrastructure projects and 5 percent to the Mental Health and Substance Abuse Services Department to aid with those with gambling ailments such as dependency.
View a list of US sportsbooks by state using Sportsbook Review.
Read more: www.sporttobet.com/nfl-odds/
Loading ...