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Fast Action: Tennessee Sportsbook Bets Service Quality On Instant Payments

PYMNTS

Hodges, known as the “Rookie Bookie” on social media, made her comments less than three months after Tennessee became the 20th state to launch sports betting on Nov. 1, a milestone that also made Action 24/7 the only locally owned sportsbook gaming operator of four licensed by the state. “I Next Steps.

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State CPA Society News & Updates

CPA Practice

Tennessee: The Tennessee Society of CPAs (TSCPA) recently released its Updated Fiscal Year 2021 Tennessee Tax Credit Report which provides a detailed list of all credits claimed for tax periods July 1, 2020 to June 30, 2021. Shapiro’s first budget proposal.

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What’s new in sales tax?

TaxConnex

Highs and lows: According to The Tax Foundation’s most recent analysis , the five states with the highest average combined state and local sales tax rates are Tennessee (9.548%), Louisiana (9.547%), Arkansas (9.44%), Washington (9.4%) and Alabama (9.24%). billion for August, $39.4 million less than estimated and $1.7

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DraftKings’ Monthly Unique Payers Surges 64 Pct Amid Rise In Gaming 

PYMNTS

In a sign of a continued rise in gaming amid the pandemic, DraftKings Inc. DraftKings noted that it now has mobile sports betting in 10 states after a successful rollout in Tennessee. reported on Friday (Nov. DraftKings reported that over a million monthly unique paying customers engaged with the firm each month during Q3 on average.

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How States Tax Sports Betting: A Comparative Analysis

Withum

Taxing Sports Betting Revenue by State New York: The Empire State boasts the highest tax rate for sports betting revenue at an eye-popping 51% on gross gaming revenues. Tennessee: This state has one of the lowest tax rates with 1.85%, and has a unique approach to taxation. Tennessee also requires a $50,000 annual license fee.

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Monthly State Sales and Use Tax Update

TaxConnex

Tennessee has become yet another state to beat expected tax revenues. The growth rate for all Tennessee taxes in August was 22.11 The publication explained that “streaming services providers” supply entertainment (music, movies, video games, etc.) This proposal is still in the early stages but stay tuned. State revenue updates.

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What Do Taxes Have to Do with the NBA Finals?

CPA Practice

Taylor, Kiplinger Consumer News Service (TNS) NBA finals Game 2 is in the books, and many people who tuned in to see the Miami Heat tie the series with the Denver Nuggets are probably not wondering what a jock tax is. associated with teams who travel to multiple states to work at games. By Kelley R. Are jock taxes legal?