Tennessee Statutes
§ 4-49-122 — House rules - Acceptance of wagers - Payouts
Tennessee·Title 4
(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.
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Legislative History
Renumbered from T.C.A. s4-51-322by 2021 Tenn. Acts, ch. 593, s 30, eff. 1/1/2022. Added by 2019 Tenn. Acts, ch. 507, s 1, eff. 7/1/2019.
Nearby Sections
15
§ 4-1-102
Protection of territory§ 4-1-105
Retrocession of federal jurisdiction§ 4-1-201
Grand divisions§ 4-1-202
Eastern grand division§ 4-1-203
Middle grand division§ 4-1-204
Western grand division§ 4-1-205
State capital§ 4-1-301
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