What is the Tennessee Sports Wagering Advisory Council?
The Tennessee Sports Wagering Advisory Council (TSWAC) is a 12-member panel appointed by the Governor of Tennessee to advise the state legislature on the regulation of sports wagering. The council was created in 2019 in response to the passage of a law that legalized sports betting in Tennessee. The TSWAC is charged with studying the impact of sports wagering on the state, and making recommendations to the legislature on how to regulate the industry. The council is also responsible for developing a framework for the licensing and regulation of sports betting operators.
Members of the Tennessee Sports Wagering Advisory Council
The members of the TSWAC are:
- David Brace, President and CEO of the Tennessee Restaurant Association
- Scott Britton, President and CEO of the Tennessee Hospitality Association
- John Colson, President and CEO of the Tennessee Titans
- David Craig, Executive Director of the Tennessee Baptist Mission Board
- Frank Daniels, Jr., Publisher of the Chattanooga Times Free Press
- J. Christian Turner, President and CEO of the Nashville Area Chamber of Commerce
- Bill Hagerty, Former U.S. Senator from Tennessee
- Karl Dean, Former Mayor of Nashville
- Beth Harwell, Former Speaker of the Tennessee House of Representatives
- William ingram, Former Commissioner of the Tennessee Department of Economic and Community Development
- Janice McNair, Owner of the Houston Texans
- Steve Underwood, Former Chancellor of the University of Tennessee
The Role of the Tennessee Sports Wagering Advisory Council
The TSWAC plays a vital role in the regulation of sports wagering in Tennessee. The council’s recommendations to the legislature will help to shape the future of the industry in the state. The council is also responsible for ensuring that sports wagering is conducted in a fair and transparent manner, and that it does not adversely impact the state’s economy or its residents.
The Impact of Sports Wagering on Tennessee
The legalization of sports wagering in Tennessee is expected to have a significant impact on the state’s economy. According to a study by the University of Memphis, sports betting could generate up to $1 billion in annual revenue for the state. The study also found that sports betting could create up to 3,000 new jobs in Tennessee. In addition to the economic benefits, the legalization of sports wagering is also expected to have a positive impact on the state’s tourism industry. Sports betting is a popular activity among tourists, and the legalization of sports wagering in Tennessee could attract more visitors to the state.
The Future of Sports Wagering in Tennessee
The TSWAC is playing a critical role in shaping the future of sports wagering in Tennessee. The council’s recommendations to the legislature will help to determine how the industry is regulated in the state. The council is also responsible for ensuring that sports wagering is conducted in a fair and transparent manner, and that it does not adversely impact the state’s economy or its residents. The legalization of sports wagering in Tennessee is a major milestone for the state. The TSWAC is playing a key role in ensuring that this new industry is a success for Tennessee. Call to Action To learn more about the Tennessee Sports Wagering Advisory Council, visit their website at https://tswac.tn.gov.
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