TBA Law Blog


Posted by: Amelia Ferrell Knisely on Apr 20, 2016

The Fantasy Sports Tax Act, which would legalize, regulate and tax fantasy sports betting, is on its way to Gov. Bill Haslam. The Senate signed off on the measure (SB 2109) yesterday. The legislation follows a legal opinion issued by Attorney General Hebert Slatery that said fantasy sports contests are illegal gambling. The fiscal analysis of the legislation estimates $42 million is spent annually in Tennessee on fantasy sports, The Associated Press reports