Will I need to pay taxes on my winnings in TN? References Tennessee Education Lottery Corporation About the Author Chet Fussman More About Chet Chet Fussman, a former horse racing writer and longtime sports editor of the Florida Times-Union in Jacksonville, is a poker and blackjack player and...
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Tennessee gambling laws and taxes cannot be compared to any state in the United States. It is easy to place this state at the top of the toughest laws in the country list. Until recently legalized betting in TN was limited only to state lottery as well as several regional lotteries, limite...
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“Tennessee public schools are primarily locally funded. Extra funds from the Federal government administered by the State government help schools in our rural areas that are cash strapped. I do not understand why the Speaker, the Governor, or the present Supermajority of the General Assembly chose...
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Betting Taxes The Internal Revenue Code dictates that every US sportsbook must pay 0.25% of its betting handle in tax. In addition, sportsbooks must pay a $50 fee for every employee involved in accepting sports bets. When completing your taxes, you must declare any winnings you make from...
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But, it is long past time to pay teachers significantly more. Tennessee has a $2 billion surplus from the recently-concluded fiscal year. We could fully close the teacher wage gap (a raise of about 20% for most teachers) and still have plenty of cash left over without raising taxes one...