A bill that would add more votes TN Sports betting regulation passed the Senate Thursday and go to House.
SB 588 would give that Advisory Committee on Sports Betting a real force. There is currently a nine-member board appointed by various heads of government to propose sports betting in Tennessee.
It is. Ed Jackson sponsored the bill, but said Lt. Governor Randy McNally brought it to him. It would empower the committee to take disciplinary action against sports betting and make decisions about sports betting in Tennessee without them Tennessee Education LotteryBoard of Directors.
An accompanying invoice, HB 1267will be heard in the House Government Operations Committee on Tuesday.
The TN sports betting regulation could use a boost
Given the recent problems, the TEL seems to need a little more help.
Tennessee Sports Betting has since made headlines for all the wrong reasons January. First, the TEL approved the local sports betting Action 24/7 Accept cash deposits at sister company locations, the high yield lender Advance financing around the clock. That year, a bill was finally tabled to end this practice, but it died in committee.
One reason for creating this invoice was that at least one Advance Financial and Action customer spoke about it 24/7 Rep. Darren Jernigan Your winnings were withheld to repay a loan. Advance Financial denied every instance where this happened.
Action, then inaction
Then irregular betting activity was found around the Super bowl of two Operator. While it wasn’t described at the time, one of the situations involved a contracted Action 24/7 employee who helped more than 40 Weather place illegal proxy betting in the state.
This proxy betting news came out when Action 24/7 ‘s license was suspended indefinitely for nearly two dozen alleged debit card fraud cases. It took me over a week to report most of them. Action eventually won an injunction, in part because the TEL did not follow its own rules.
When the TEL tried to comply with these rules after the injunction, the court informed them that this was no longer an option.
Is SWAC the best way to deal with regulations?
According to a story from Play Tennessee, eight members of the SWAC have no gaming regulation experience:
- Kevin Carrollwho worked with the Davidson County Sheriff’s Office
- Brian Fazenbakerwho is a former FBI Agent and Corporate Investigator for Nissan
- Michael Keeney
- Samuel Lee, the one with private law firms and the Knox County District Attorney
- Tom Lee, a lawyer and journalist
- Billy organwho runs a communications company and is part owner of the Memphis grizzlies
- Kandace Stewart, the Director of Operations and External Relations for the Grizzlies.
- Hanes goal bedwho has an insurance business
- John Valliant, Jr.., a lawyer
For a state that could definitely take advantage of the gaming experience of the people who make the final decisions, this may not be the right thing to do. Senator Richard Briggs also wondered if this was one change enough when SB 588 passed its committee:
“I know there have been some questions about the best structure on the lottery board, and there are some members who think it didn’t work out really well. I support this amendment, but I think at some point in the future we may have to look at a different structure to how we do it because there have been problems.
“We’re new to the sports game but it just seems like there have been issues that have come up in multiple ways and we may need a different structure to look at this.”