Tennessee § 4-49-122 House rules - Acceptance of wagers - Payouts

Tennessee Statutes

§ 4-49-122 — House rules - Acceptance of wagers - Payouts

Tennessee § 4-49-122

Title4

This text of Tennessee § 4-49-122 (House rules - Acceptance of wagers - Payouts) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 4-49-122 (2026).

Text

(a)Each licensee shall adopt and adhere to a written, comprehensive policy outlining the house rules governing the acceptance of wagers and payouts. The policy and rules must be approved by the council prior to the acceptance of a wager by a licensee. The policy and rules must be readily available to a bettor on the licensee's website.

(b)The council shall promulgate rules regarding:

(1)The manner in which a licensee accepts wagers from and issues payouts to bettors, including payouts in excess of ten thousand dollars ($10,000); and (2) Reporting requirements for suspicious wagers.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Each licensee shall adopt and adhere to a written, comprehensive policy outlining the house rules governing the acceptance of wagers and payouts. The policy and rules must be approved by the council prior to the acceptance of a wager by a licensee. The policy and rules must be readily available to a bettor on the licensee's website. (b) The council shall promulgate rules regarding: (1) The manner in which a licensee accepts wagers from and issues payouts to bettors, including payouts in excess of ten thousand dollars ($10,000); and (2) Reporting requirements for suspicious wagers.