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What Tennessee’s 10% Hold Means for Sports Bettors

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Silas Walker/Getty Images. Pictured: Jarrett Guarantano Tennessee is the next state to join the legal sports betting market, going live Sunday, November 1. Four sportsbooks — DraftKings , FanDuel , BetMGM and Action 247 — will offer wagers from Day 1, with others assuredly coming soon. Those who have followed the legal landscape closely over the last two years since the U.S. Supreme Court struck down PASPA in 2018 are aware that sports betting in the states is not a once-size-fits-all proposition. Each state gets to make its own rules and regulations, and some states are quite different. Tennessee’s rules aren’t the worst in the country, but are definitely not the best for bettors, either. What’s Different About Tennessee: The 10% Hold The Volunteer State’s legislation requires that sportsbooks generate at least a 10% hold – the percentage of money books “hold” after all bets have been settled. In financial terms, it’s gross revenue divided by the amount of dollars wagered.
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BetMGM Sportsbook Officially Launches Sports Betting in Tennessee

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Photo credit: Andrew Ferguson/Collegiate Images/Getty Images Tennessee is officially live with legal sports betting as of Sunday, Nov. 1, and BetMGM is one of the first members of the club. BetMGM is already one of the biggest operators in the U.S., and you’ve likely heard of their hotels — owned by parent company MGM Resorts International — in Las Vegas, New Jersey and many other places. In 2018, shortly after the U.S. Supreme Court struck down PASPA, which allowed states to legalize sports betting, MGM partnered with European operator GVC Holdings to create ROAR Digital, which runs the now-formed BetMGM brand. _BookPromo=227 The sportsbook is now live and offering online wagering in six states: Tennessee New Jersey Colorado Indiana Nevada West Virginia Only DraftKings and FanDuel are currently in more states with legal online betting. Sports betting enthusiasts will certainly track the success of BetMGM and the other sportsbooks in Tennessee, which has some uni
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Venezuela’s President Nicolás Maduro Pardons Political Opponents

MEXICO CITY — The Venezuelan authorities mentioned Monday it will pardon greater than 100 political opponents who had been focused for prosecution in what would quantity to the nation’s largest political amnesty in nearly a decade. The transfer got here as President Nicolás Maduro tries to interrupt an opposition boycott of coming congressional elections. However the preliminary response from many opposition figures was scathing. Mr. Maduro issued a presidential decree that ends felony instances towards greater than 20 jailed and exiled opposition politicians, as effectively dozens of political activists, the president’s spokesman, Jorge Rodríguez, mentioned in a shock nationwide handle Monday. Advertisement Many individuals on the checklist have by no means been formally charged and even introduced to courtroom, and rights activists urged warning till the measure is enforce. The federal government portrayed the president’s motion as a peace providing to opponents beca
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