Tennessee has a population of around 7.1 million people. This makes it a great place to start a small business in any industry.
If you’re a bookmaker looking to work with bettors in this area, you likely are interested in Tennessee gambling laws. So, is being a bookie illegal in the Volunteer State? Read on to find out.
Is Being a Bookie Illegal in Tennessee?
Being an online bookie is legal in Tennessee. While retail sports betting at brick-and-mortar casinos is illegal, you can operate an online casino freely. This is true of casinos accessible via desktop computers and convenient mobile apps.
Online gambling is generally restricted to sportsbook betting. People can bet on sports and events, horse races, and fantasy sports. There also is a functional lottery that people can use to win money.
However, there are also online casinos that offer slots, poker, live dealer games, and more. There’s a bit of social taboo around casino games specifically, especially because retail betting remains staunchly illegal. However, there is a growing interest throughout the state, so you can add a small number of casino services to your bigger sportsbook.
The History of TN Legal Gambling
Online sports betting was illegal in TN until May 24, 2019. The Tennessee Sports Gaming Act then made it legal to operate licensed online sportsbooks.
However, the legislation didn’t take effect for over a year after that. The first online sportsbooks opened up on November 1, 2020. Customers then began gambling online without needing to register/fund their accounts in person.
It’s also important to note that Tennessee residents can register for accounts on gaming websites remotely. This happens via online platforms.
Since then, the market size has grown tremendously. Gambling has become much more socially accepted and widely enjoyed.
Bookie Software: A Look at AcePerHead’s Service Reputation
It’s vital you work with a reputable PPH service provider when building your bookie business. Learn about AcePerHead service and reputation here.
In 2022, 42% of Americans participated in gambling.
Gambling is an exciting way to earn money, and bookies can capitalize on it by launching their online gambling platforms. Yet, a bookie can’t attract players unless they use the right sportsbook software.
Fortunately, the AcePerHead service can help you, but what’s its reputation like? This guide has all the information both new and experienced bookies need.
Read on to learn more about the AcePerHead service!
Who Is AcePerHead?
AcePerHead is a sportsbook provider, which is a company that offers sports betting software to bookmakers (or bookies). By offering a variety of bookmaker services, AcePerHead ensures bookies have everything they need to start their platforms.
When using AcePerHead, bookies can enjoy the following features:
- Multilingual customer support
- Website templates
- Casino games
- Tech support
- Mobile betting
- Live updates
- Chat system
AcePerHead technology also guarantees that bookies and players are safe when using the software. Using DDoS protection, several servers, and backup systems, third parties can’t access user data. This can help bookies make new players feel comfortable with using their platforms.
Why You Should Use the AcePerHead Service
If you’re new to bookmaking and want to work with a reliable sportsbook software provider, you should use AcePerHead. Read this review and you’ll quickly understand why others around the world trust us to provide them with the best bookmaker services.
Start a Platform Fast
One of the main benefits of using AcePerHead is that you can start your platform quickly. Even without experience, you can use AcePerHead’s website templates to create a site that players can access within hours.
If you already have a sports betting platform, AcePerHead can also help you transfer data.
Get Third-Party Support
Third-party support is also a major benefit of working with AcePerHead. Throughout your sports betting journey, AcePerHead’s experts will answer any questions you may have about online gambling.
You’ll also be informed of how to implement new features, such as live betting. This will make it easier to provide a seamless experience for players without errors.
The last reason to use the AcePerHead service is to satisfy customers. As an independent bookie, you must often handle various things alone, but AcePerHead can take care of customer support.
With our 24/7 multi-lingual customer support, we can assist customers from various parts of the world without charging you more. Not only will this help you save money, but your platform will also get recommended more often.
Use AcePerHead to Launch Your Bookie Business
Here at AcePerHead, we have the tools you need to start a reliable sports betting platform. With the AcePerHead service, even new bookies can find success in the online gambling industry, so start working with us as soon as possible to increase your earnings.
Regulations, Limitations, and Fees
Tennessee gamblers must be 21 years of age or older. Betting is allowed on all major league sporting events, fantasy games, and collegiate games.
People may not bet on high school games or other events involving minors. In-game prop betting is also not allowed for collegiate events. However, you can still bet on the final score/outcome of these collegiate games.
Tennessee’s bookie licensing fees make bookies pay $750,000 for their initial license. They must also pay $750,000 annually for renewal.
Luckily, you can avoid these high fees when you set up your sportsbook with Ace Per Head. Our platform is licensed to operate already, so you’ll be good to go once you set up shop.
However, you will have to pay taxes. Taxes consist of 20% of all the money you make as a sports betting bookie. These taxes go to the local government, education, and treatment for problem gambling.
Expand Your Sportsbook Business Today
So, is being a bookie illegal in Tennessee? Definitely not! The market’s thriving and online casinos are in high demand.
Now that you know the basics of becoming a bookie in the Volunteer State, it’s time to get started. Create your package today to see what Ace Per Head can do to help your sportsbook grow.