License Name
Tennessee Sports Wagering Operator License
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Issuing Country/Region
United States (State of Tennessee)
Regulatory Body
Tennessee Sports Wagering Council
Types of Regulated Games
Online sports wagering, fantasy sports
Market Coverage
Local (State of Tennessee)
Regulator's Reputation
Good
Legal Entity Requirements
Applicant must be authorized to conduct business in Tennessee and provide a certificate of good standing
Minimum Share Capital
[Information not found in publicly available sources]
Directors and Shareholders Requirements
Disclosures required for all key personnel, owner(s) with 5% or greater interest, parent/subsidiary/holding companies; background checks and experience required
Anti-Money Laundering (AML) Requirements
Comprehensive AML policy, immediate reporting of violations or non-compliance to Council, and detailed internal controls as part of application
Data Protection Requirements
Operators must implement controls ensuring the safeguarding of player identity and financial information; report breaches affecting personal data immediately
Reporting Requirements
Submission of monthly financial and privilege tax reports, post-license reporting as required by the Council; operational and technology assessments
Audit Requirements
Audited financial statements required; operational and technology security assessments for both application and ongoing compliance
Software Certification Requirements
Platform must pass Operational and Technology Integrity and Security Assessments; further details subject to Council approval
RNG Certification
[Information not found in publicly available sources]
Payment System Requirements
Only debit cards, electronic bank transfers, approved online/mobile payment systems, and cash-initiated approved methods permitted; no credit card funding allowed
Server Location Requirements
[Information not found in publicly available sources]
Domain Name Requirements
[Information not found in publicly available sources]
Language Support Requirements
[Information not found in publicly available sources]
Currency Support Requirements
[Information not found in publicly available sources]
Legal Compliance Costs
Nonrefundable $50,000 application fee; compliance/legal service costs not listed
Background Checks
Required for all key personnel, ownership interests, and principal owners; includes national/international criminal history and fingerprinting
License Scope Restrictions
Only online sports wagering and fantasy sports authorized; no retail sportsbook operations allowed
Jurisdictional Tax Compliance
Operators are subject to a 1.85% privilege tax on all sports wagering handle; remitted to the state
Player Data Storage Requirements
Controls required to safeguard player accounts, identity, and financial data
Cross-Border Operations
Must use geolocation to restrict wagering to within Tennessee; no cross-border interactive gambling permitted
License Application Transparency
Application subject to review and must include comprehensive disclosures; Council may request additional information or forms
Regulatory Contact Point
Compliance officer required as main contact with regulator
Compliance Officer Requirement
Dedicated compliance officer or equivalent supervising compliance function and reporting to Council
Local Partnership Requirements
[Information not found in publicly available sources]
Legal Dispute Resolution
Players must first pursue dispute with operator; unresolved grievances may be escalated to the Council using a formal process within specified timeframes
License Transferability
Change of Control Form required for license transfer, subject to Council approval
Sub-Licensing Rules
[Information not found in publicly available sources]
License Cost
$50,000 nonrefundable application fee, credited toward $750,000 first-year license fee
Annual Fees
$750,000 for operators with ≥$100 million handle; $375,000 for less
Income Taxes
1.85% tax on wagering handle (privilege tax)
Player Winnings Taxes
[Information not found in publicly available sources]
Financial Guarantees
$500,000 bond required; separate account for privilege tax funds benefitting Council
Liquidity Requirements
Applicant must provide evidence of sufficient arrangements to fund sports wagering operations
Financial Reporting Requirements
Monthly, including data for privilege tax calculation in approved format
Application Processing Time
Council to approve/deny within 90 days of complete application
Required Documents
Extensive disclosures covering legal entity, key personnel, financials, operational assessments, internal controls, responsible gaming plan, etc.
Business Plan Requirements
Must demonstrate sufficient business planning and arrangements to maintain operation
Internal Policy Requirements
AML, responsible gaming, internal controls, house rules
Testing Requirements
System operational and security assessments required; ongoing integrity monitoring
Certification Requirements
Technology integrity, operational assessments, internal control standards subject to Council review
Staff Qualifications
Experience in sports gaming, integrity monitoring, and technology required; background disclosures mandatory
Physical Office Requirements
[Information not found in publicly available sources]
Local Representative Requirements
[Information not found in publicly available sources]
Marketing Restrictions
Internal risk management function must be supervised separately from marketing; rules exist for advertising and KYC, including prohibitions on targeting minors and self-excluded persons
Responsible Gaming Measures
Responsible gaming and self-exclusion reporting required; plan and controls must be included in application
Self-Exclusion System
Mandatory; operator-specific and statewide self-exclusion lists, regular reporting to regulator
Age Verification Procedures
Minimum age 21; strict KYC, multi-factor account verification, procedures for identifying minors and improper funding
KYC Procedures
Multi-factor authentication required, robust procedures for identifying player and device activity linked to fraud or ineligibility
Customer Support Standards
Operators must provide state-specific customer service contacts; information listed on Council’s website
Complaint Handling Procedures
Operators must address formal grievances within 30 days; unsatisfied players can escalate to Council
Player Funds Protection
Segregated accounts required for player funds and for privilege tax payments
Payout Timelines
[Information not found in publicly available sources]
Bonus and Promotion Regulations
Procedures for issuance and acceptance of promotional credit must be included in the application
Permitted Games List
Only sports wagering and fantasy sports contests permitted; collegiate prop bets prohibited
Betting Limits
Operators may establish limits but must disclose in house rules; 10% hold mandatory
RTP Requirements
[Information not found in publicly available sources]
Jackpot Regulations
[Information not found in publicly available sources]
Live Game Requirements
[Information not found in publicly available sources]
Mobile App Compliance
All wagering is online/mobile only; compliance with full regulatory framework required
Affiliate Program Rules
[Information not found in publicly available sources]
Security Standards
Information security and operational integrity assessments required; reporting of security incidents mandatory
Encryption Requirements
[Information not found in publicly available sources]
Backup Requirements
[Information not found in publicly available sources]
Monitoring Systems
Operators must maintain systems to monitor wagering activity, integrity, KYC, and suspicious activity, reporting promptly to Council
Operation Logging
Internal controls and system integrity requirements apply
Anti-Fraud Systems
AML and fraud monitoring included in compliance program; requirements for immediate operator reporting to Council
API Integration Standards
[Information not found in publicly available sources]
Hosting Requirements
[Information not found in publicly available sources]
CDN Usage
[Information not found in publicly available sources]
Scalability Requirements
[Information not found in publicly available sources]
Uptime Requirements
[Information not found in publicly available sources]
Technical Support Availability
[Information not found in publicly available sources]
License Duration
1 year from issuance, renewable annually
Renewal Procedure
Renewal requires application and payment of annual fee; Council may adjust fee structure biennially after July 1, 2025
Penalties for Non-Compliance
Fines up to $25,000 per offense (multiple or continuous offenses possible), license suspension or revocation for continued violations
Ownership Change Rules
Change of control must be reported, submitted via Council’s form for approval
Mergers and Acquisitions Rules
[Information not found in publicly available sources]
Subcontractor Regulations
[Information not found in publicly available sources]
Branding Requirements
[Information not found in publicly available sources]
Intellectual Property Protection
[Information not found in publicly available sources]
Dispute Arbitration
Players must escalate disputes first to operator, then to Council if unresolved, within set timeframes; Council resolves or refers complaints
Insurance Requirements
$500,000 bond required for licensed operators
Charity Contributions
Portion of licensing/application fees goes to Tennessee Promise scholarship fund
Staff Training Requirements
[Information not found in publicly available sources]
Innovation Support
[Information not found in publicly available sources]
Sustainability Initiatives
[Information not found in publicly available sources]
Accessibility Standards
[Information not found in publicly available sources]
Multilingual Support
[Information not found in publicly available sources]
Cryptocurrency Support
Not permitted; only approved payment methods allowed
Esports Betting Regulations
[Information not found in publicly available sources]
Fantasy Sports Regulations
Fantasy sports are regulated and licensed under the same Council as sports wagering, with a separate 6% tax on adjusted revenues
Official Address
500 James Robertson Parkway, Davy Crockett Tower, 5th Floor, Nashville, Tennessee 37243
Postal Address
500 James Robertson Parkway, Davy Crockett Tower, 5th Floor, Nashville, Tennessee 37243
Online Application Portal
https://www.tn.gov/swac/forms.html
Work Hours
Monday to Friday, 8:00 am to 4:30 pm
Emergency Contact
State Comptroller’s Toll-Free Hotline: 1-800-232-5454
Technical Support
[email protected] (fee payment inquiries)
Media Contact
[Information not found in publicly available sources]
Departments
Compliance, Investigation and Enforcement, Licensing and Registration
FAQ Question 1
What is Tennessee Sports Wagering Operator License?
FAQ Answer 1
The license authorizes operators to conduct and offer online sports wagering (including fantasy sports) in Tennessee, regulated by the Tennessee Sports Wagering Council. If not available: Information not found in publicly available sources.
FAQ Question 2
Which jurisdiction issues Tennessee Sports Wagering Operator License?
FAQ Answer 2
The State of Tennessee, regulated by the Tennessee Sports Wagering Council. If not available: Information not found in publicly available sources.
FAQ Question 3
What is the cost of obtaining Tennessee Sports Wagering Operator License?
FAQ Answer 3
Applicants pay a $50,000 nonrefundable application fee (credited toward a $750,000 first-year license fee); annual license fee is $750,000 for operators with at least $100 million in handle, or $375,000 otherwise.
FAQ Question 4
What are the main requirements for Tennessee Sports Wagering Operator License?
FAQ Answer 4
Main requirements include Tennessee business authorization, key personnel/background checks, audited financials, AML/compliance/internal control policies, responsible gaming/self-exclusion systems, monthly/tax reporting, and security/integrity assessments.