Last year in a political debate with his Democratic challenger, Tennessee Governor Bill Lee said, “I would work with the legislature to make sure they didn’t approve” sports betting legislation. But now his office is working with lawmakers as they rework House Bill 1, sponsored by state Rep. Rick Staples, to satisfy Lee, who recently squashed other gambling legislation.
A spokesperson said, “Governor Lee continues to believe that gambling expansion is not in the best interest of our state. The Lee administration will often work with lawmakers to improve a bill that impacts the state’s economic and social health, even if it’s not something we plan to support.”
Analysts said sports betting could generate $150 million in annual tax revenue, based on $3 billion in handle and a 10 percent tax rate. Revenue would go to the General Fund with about 30 percent directed to local governments. Operators would pay a licensing fee of $7,500. The bill would authorize about 50 retail sports books and allow mobile wagering after registering in person.
Lee has said he opposes expanded gambling because it’s difficult to regulate. He cited “organized crime” is the result of “organized gambling.” But he added, “I do believe that local decision-making is generally the right direction to go, so I’d be more open.”
If Staples’ bill doesn’t pass this year it could carry over into 2020. It passed a House subcommittee earlier this month.
