In Tennessee the practice of sports betting has taken off like wildfire. With the recent economic downturn in CO VID-19, though, the Volunteer State might be more inclined to revision its sports betting policies to make more money and speed up its recovery. That could spell trouble for residents of Nashville who have watched the prices for their homes rocket over the past three years. Not to mention that the team is off to a 1-5 start this year.
The House Bill 1282 passed last week will most likely face a fight in the Tennessee legislature. Part of the bill, which was authored by Representative Mike Johnson, would have Tennessee lottery and casino operators require bettors to purchase an inclusive bet card, which costs $20. The problem with that is many gamblers feel they already have the money they are betting with. They may have cashed in on a previous winning ticket. Some say it is a conflict of interest for a public institution to force people to buy a product they have paid for.
While Tennessee does not yet have a law mandating that gambling establishments run sports pools, which allows for the house winnings to go into the hands of another person, some have suggested that it is inevitable. Even without a mandatory hold game, the house odds are still against any form of wagering. Gambling, like sports betting, is about chance. Those who feel strongly about it should consider the ramifications.
One concern that has been raised is whether individuals will be compelled to use the app or if it will be controlled through an app. Currently there is no requirement for users of either app to use the other. Users can choose to play on their own without using the other app. So even if someone plays the Tennessee lottery through one or the other, they are not compelled to do so.
However, it is not clear how that will work. There is no word on how the apps will work with the existing sportsbooks. That is not a concern for now. The concern would be that if no sportsbooks were available in Tennessee then wouldn’t everyone play at home on their smart phones?
In other states like Georgia, customers can place bets online and transfer money wirelessly without a credit card. This allows the bettors to get more bets for the same amount of money. Sportsbooks do not provide this service. However, it could very well come into Tennessee if the state adopts a legalized sports betting process.
In the meantime, Tennessee is trying to find a way to allow sports betting. A bill that would have the state take over the operations of the existing Direct Marketer Service (DMSP) has been introduced. However, no timetable has been set for introducing it. So for the time being, Tennessee still has the advantage of being the last state to legalize sports betting.
If the new law is passed in Tennessee, the sportsbooks across the nation will have to start operating legally. However, there are some major sportsbooks that already operate in the Volunteer State and may feel threatened if the law is passed. Some have already said that they would leave the state if the bill is passed. So this could be deal breakers for the owners of the Tennessee based sportsbooks. However, that is probably best left to a later scenario.
The problem lies on how this bill will affect Tennessee residents. Some believe that it will force the sportsbooks to start serving clients as clients from other states by requiring them to collect fees from out-of-state clients. This means that the out-of-state sportsbooks will have to compete with the online betting sites that serve Tennessee residents. However, there have been statements issued by some representatives that indicate that the new law will not have any bearing on the online betting sites that have a physical presence in Tennessee. So technically, it may not require the sportsbooks to open up service from other states and serve their clients from other locations.
The bill could negatively affect the Volsports Craps Ban. The Craps Ban requires all online sports bettors in Tennessee to register as “Volunteer” before they can participate in the betting process. According to the proposal, the Volsports Craps Ban will be voided if the bettors fail to provide proof of having registered as a Volunteer. As a result, the Volsport Craps Ban will no longer apply to Tennessee residents. For the time being, Tennessee is allowing the registered Volvots to have the option to register as “casual customer” rather than being required to become a member of the Volunteer State Sports Bettors Association. This allows the Voluntary Membership group to continue working to improve the state’s legal sports betting system.
This is one of the latest bills that attempts to make things easier for the college football fans in Tennessee. If you live in Tennessee, you should take advantage of this chance and register for your NFL betting picks online. Not only will you have the best college football picks available, but you will have the latest NFL picks as well. This will allow you to stay on top of your favorite teams every single week.