Tennessee Senate Bill SB0997

Tennessee 2023-2024 Regular Session

• Introduced: 1/31/23

Caption

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 49, relative to sports gaming.

Impact

The proposed amendment under SB0997 is significant for stakeholders in the sports gaming sector, as it directly affects the timeline for compliance and reporting. By pushing the deadline back by 15 days, the bill aims to provide operators with additional time to prepare their reports, which could foster greater compliance and potentially improve the quality of the information submitted. Such adjustments can strengthen the regulatory framework governing this relatively new and evolving industry within Tennessee.

Summary

Senate Bill 0997 is a legislative proposal aimed at amending specific provisions within the Tennessee Code Annotated, particularly concerning sports gaming. The primary amendment stated in the bill changes a deadline from 'January 1 of each year' to 'January 15 of each year' for certain compliance or reporting requirements related to the sports gaming industry. This small yet significant tweak reflects the ongoing adjustments the state makes as it continues to refine its regulations surrounding sports gambling operations.

Contention

While the amendment appears minor, it may be met with a variety of opinions among legislators and industry participants. Proponents may argue that the flexibility offered by the revised deadline is necessary to adapt to the dynamics of sports gaming operations, while critics could raise concerns that any deadline extensions might reduce accountability or could lead to delays in regulatory oversight. The examination of this bill could stimulate broader discussions about the effectiveness of current sports gaming regulations and the need for ongoing updates as the industry evolves.