Tennessee Council Shortlists Candidates For Executive Director, Makes New Sports Betting Rules

Spread the Word:

Tennessee Wagering Advisory Council has shortlisted nine candidates for the job of the Executive Director of the council, which takes over sports betting on Jan. 1. Nearly 50 applicants had submitted to seek the coveted position. The council hopes to finalize its head by October.

The SWARC – which will replace Tennessee Education Lottery as the sports betting regulatory body – convened Tuesday for its monthly meeting.

Several issues were discussed during the meeting, ranging from the monthly sports betting revenue to the shady practices of the state’s operators. The council also put forward its process of forming revised sports betting rule for 2022. Other updates were related to new license approvals, suppliers, and vendors.

The Opening of Tuesday’s Agenda

The day’s agenda opened with an update from the Tennessee Education Lottery (TEL) – the current regulatory body. Vice President Alonda McCutcheon announced the Tennessee sports betting handle for the month, which was less than $135 million in July.

Though it was the lowest handle since the Volunteer State went live last November, the bad news was neutralized by sports betting revenue, which remained high. In July, the Tennessee sports betting apps reported $15.2 million in revenue.

Tennessee was the first state in US sports betting to launch online-only sports betting on Nov. 1. 2020.

Initially, the Tennessee sports betting went live with four operators – FanDuel, DraftKings, BetMGM, and Action 24/7. The state later added three more – William Hill/Caesars, TwinSpires, and WynnBET.

When Will the Council Appoint New Regulatory Head?

In the latest meeting, scheduled for Aug. 24, the SWAC shortlisted the number to nine from nearly 50 applications it had received.

Council Member Mike Keeney said the list of nine was the first step in getting the council to a manageable number. Keeney said the plan is to further shortlist those to the three finalists for the interviews in the next 30 days.

The SWAC will reconvene on Oct. 5 and plans to name someone – among those three – as the executive director by mid-October.

At the second meeting in July, the council had said it would take applications for the leading job until Aug. 11.

Since its first meeting in June, Tennessee Sports Wagering Advisory Council (SWAC) has been seeking to hire an executive director amid the continued transfer of regulatory power that will complete by next year. The SWAC will take over the sports betting regulatory powers from the TEL on Jan. 1.

Tennessee Sports Betting New Regulations

Council Member Tom Lee updated the colleagues on the Rulemaking Committee’s progress toward new Tennessee sports betting rules that will take effect in 2022.

The Rulemaking Committee’s suggestions, which were finalized last Wednesday, stress the need for creating a transparent rulemaking process involving input from stakeholders.

The proposed rule recommendations cover five basic topics:

  1. The proper mode of registration for suppliers and vendors, involving proper scrutiny throughout the application process.
  2. The definition of sports betting’s governing body and its role.
  3. Volunteer State’s mobile-only sports betting structure and how it relates to digital operators teaming up with sports bars to extend in-person sports betting incentives to customers.
  4. Means of funding a digital sports betting account and implications of introducing new deposit methods.
  5. Definitions of important industry terms including parlays, prop betting, and teasers.

Lee concluded the meeting by scheduling a public meeting period for the proposed permanent new rule suggestions. The committee’s next meeting is scheduled Tuesday, Oct. 5.

Related News

Churchill Downs racetrack
September 2, 2021

Tennessee Sports Betting Becomes $1.5bn Industry in 9 Months

Despite witnessing the slowest month in July, Tennessee sports betting has become a $1.5 billion market in the first nine months of its operation. The state launched its sports betting […]

read more
orange flat with letter T printed
May 16, 2021

WynnBET: Tennessee Market’s Seventh Sportsbook Launches

WynnBET launched its mobile sportsbook in Tennessee on Friday, marking the seventh online sportsbook to arrive in the state. It comes after the Las Vegas-based Wynn Resorts’ digital sportsbook got […]

read more
July 3, 2021

Tennessee Sports Wagering Advisory Council Intensifies Search For Executive Director

Tennessee’s Sports Wagering Advisory Council (SWAC) held its second meeting on Tuesday to intensify efforts to find its new executive director. During the meeting, which took place in Nashville, the […]

read more
June 6, 2021

Tennessee Sports Wagering Council Assumes Regulatory Role

The transition of sports betting regulatory power has kicked off with the Tennessee Sports Wagering Advisory Council assuming its role. Though the eventual transfer of power from the Tennessee Education […]

read more
October 20, 2020

Three Operators Secure First Tennessee Sports Betting Licenses

Tennessee has finally approved licenses for its first three sports betting operators ahead of its November 1 launch date. DraftKings Sportsbook, BetMGM, and FanDuel Sportsbook are the first three operators […]

read more
November 19, 2019

Tennessee Gambling Laws

  Tennessee Code 28-3-106. Recovery of gambling losses. Actions to recover money or goods lost at any kind of gambling or betting, and paid or delivered: (1) If brought by […]

read more
Tennessee sports betting February handle
May 14, 2021

Tennessee March Sports Betting Handle Up 17% Despite Controversy

Despite embroiling in one of the biggest controversies in US sports betting history in March, Tennessee sports betting posted a remarkable handle of $206 million. According to the latest figures […]

read more
November 20, 2019

Tennessee Charitable Gaming Laws

§ 3-17-101. Short title This chapter shall be known and may be cited as the “Tennessee Charitable Gaming Implementation Law.” § 3-17-102. Definitions As used in this chapter, unless the […]

read more
June 2, 2021

Tennessee Sports Betting Posts 16.3% Decline in April Handle

Tennessee joined most other states with legal sports betting which saw declining handles and revenues due to lack of sporting activity in April. According to the latest figures released Tuesday […]

read more
Tennessee Volunteers stadium
July 5, 2021

FanDuel-BetMGM Competition Dominates Tennessee Sports Betting in May

The neck and neck competition between FanDuel and BetMGM dominated the Tennessee sports betting scene for May, which saw its lowest handle since launch. Only a few dollars decided the […]

read more
October 21, 2020

Tennessee Titans Forge a Deal With BetMGM

The Tennessee Titans have become the first sports team in the state to announce sports betting deal with the betting operator BetMGM. This comes as a part of a chain […]

read more
Tennessee Action 24/7
May 21, 2021

Action 24/7 Cleared by Tennessee Sports Betting Regulator

The Tennessee Education Lottery has cleared Action 24/7, a month after it became the first US sportsbook ever to be banned by a regulatory authority. On Thursday, the lottery said […]

read more

Stay Updated & Receive Exclusive Offers

Be the first to know when new states legalize online gambling and gain access to exclusive casino and sports betting promotional offers.