HB 131
FISCAL NOTE
Fiscal Review Committee
Tennessee General Assembly
January 14, 2025
Fiscal Analyst: Elizabeth Bransford | Email: elizabeth.bransford@capitol.tn.gov | Phone: 615-741-2564
HB 131
SUMMARY OF BILL: Clarifies that a wagering contract made under the Tennessee Sports
Gaming Act (Act) is exempt from Tenn. Code Ann. § 29-19-101 which voids contracts founded on a
wagering consideration.
FISCAL IMPACT:
NOT SIGNIFICANT
Assumptions:
• The proposed legislation clarifies that transactions making a wager under the Act are
permitted, despite the provisions in Tenn. Code Ann. § 29-19-101.
• The current practice of the Tennessee Sports Wagering Council (Council) is to allow
contracts which are consistent with the Act; therefore, the proposed legislation will have no
impact on the operations of the Council.
• Any fiscal impact as a result of the proposed legislation is estimated to be not significant.
CERTIFICATION:
The information contained herein is true and correct to the best of my knowledge.
Bojan Savic, Executive Director