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Millions wagered in first week of Tennessee sports gambling

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NASHVILLE, Tenn. (AP) — Gamblers in Tennessee wagered more than $27 million in the first week of the state's online sports betting program, officials said.

From Nov. 1 through Nov. 8, the adjusted gross income from gambling was more than $2.5 million, and the amount of tax money generated was $509,000, according to the Tennessee Education Lottery, which oversees sports wagering in Tennessee.

More than $5 million in bets was placed on Nov. 1, the first day of online gambling in the state, officials said.

Sports betting barely passed the Tennessee legislature in spring 2019.

Republican Gov. Bill Lee let it become law without signing it due to his opposition to more gambling in a state without casinos.

Operators such as DraftKings, FanDuel and BetMGM take bets from people 21 or older who are physically located in Tennessee at the time a wager is placed.

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Of all the incredible legislation that was passed on Capital Hill over the last few years, this has to be one of the most egregious. And, one will will leave us all with a big mark, eventually. It is my understanding that over 27 million dollars was spent in one week, upon the availability of sports gambling in Tennessee - shame on the state legislature and shame on anyone who voted for this. Most Tennesseans can handle what some might call 'harmless' sports betting, but what of those who can't handle it.......will that 1-800 "I'm addicted to gambling" number help? Seriously, doubtful it's anything more than just a 'combover', just another state bureaucracy that will only make matters worse! It certainly won't make up for all the loss of income for many that play, whose kids won't be fed and whose mortgage won't be paid....just wait, it will happen. It always does. But, we all know who the winner will be....the state and non-gambler's who won't be paying more taxes because of the huge increase in taxes to the state coffers as a result of sports betting.

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