Its final for Tenesse sports betting. The online exclusive sports betting market of Tennessee will launch on Sunday. According to the Tennessee Education Lottery, people can start placing wagers at 12:01 Central on Sunday. Of course, bettors must be the age of 21 and above, and physically be located in Tennessee.
Experts are expecting good things from Tennessee, as the state focuses its efforts on online betting, just as any pay per head solutions company offers to bookies. As for the bettors, former Titans running back Eddie George will be placing the first ever wager on Sunday. Among all the betting options you can find in a pay per head sportsbook, what do you think will George be betting on?
Tennessee Sports Betting
Many sportsbooks are getting ready to take in wagers from Tennessee. In fact, many of them are offering free bets to welcome in the opening of the local betting market. And after over a year since the state’s sports betting law went into effect, residents can now bet on sports in the state.
Of course, no state sports betting law is perfect. The Tennessee policies and regulations on betting does raise some eyebrows in certain aspects. For instance, their hold cap is higher than the usual 6-8% at 10%. The Tennessee Lottery board may possibly revisit this after a year. In addition, their tax rate is also at 20%, which is one of the highest tax rates you will find in the US.
Tennessee residents will be assured of secure and updated information, as the state requires the use of official game data from sports leagues. As for actual events that people can bet on, any sports league is practically available, just as you would in any bookie software. Of course, in the case of college sports in Tennessee, no in-game or in-play proposition or prop bets can be made during a college game.