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HB2441 • 2026

Gaming

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 49 and Title 67, relative to revenues from sports gaming.

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
McKenzie, Yarbro
Last action
2026-02-05
Official status
Assigned to s/c Finance, Ways, and Means Subcommittee
Effective date
Not listed

Plain English Breakdown

The bill specifies a reduction in privilege tax but does not provide details on how the funds will be distributed or what existing resources will be used by the Department of Economic and Community Development.

Sports Gaming Revenue Act

This bill allocates two percent of sports gaming revenue to programs supporting at-risk youth in both rural and urban areas.

What This Bill Does

  • Reduces the privilege tax collected from sports betting by two percentage points, changing it from eighty percent (80%) to seventy-eight percent (78%).
  • Allocates two percent (2%) of the privilege tax for programs that serve at-risk youth in both rural and urban areas.
  • Requires the Department of Economic and Community Development to manage this fund within existing resources.

Who It Names or Affects

  • People who place bets on sports in Tennessee
  • At-risk youth living in both rural and urban areas of Tennessee

Terms To Know

Privilege tax
A special kind of tax that people or businesses pay for the right to do something, like betting on sports.
At-risk youth
Young people who are in situations where they might face challenges or dangers that could affect their future negatively.

Limits and Unknowns

  • The bill does not specify exactly how the funds will be distributed to at-risk youth programs.
  • It is unclear what specific existing resources the Department of Economic and Community Development will use for this new program.

Bill History

  1. 2026-02-05 Tennessee General Assembly

    Assigned to s/c Finance, Ways, and Means Subcommittee

  2. 2026-02-05 Tennessee General Assembly

    P2C, ref. to Finance, Ways, and Means Committee

  3. 2026-02-05 Tennessee General Assembly

    Passed on Second Consideration, refer to Senate State and Local Government Committee

  4. 2026-02-04 Tennessee General Assembly

    Intro., P1C.

  5. 2026-02-03 Tennessee General Assembly

    Filed for introduction

  6. 2026-02-02 Tennessee General Assembly

    Introduced, Passed on First Consideration

  7. 2026-02-02 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
SENATE BILL 2520
By Yarbro

HOUSE BILL 2441
By McKenzie
HB2441
012086
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 4,
Chapter 49 and Title 67, relative to revenues from
sports gaming.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 4-49-104(e)(1)(A), is amended by
deleting the language "eighty percent (80%) of the privilege tax" and substituting "seventy-eight
percent (78%) of the privilege tax".
SECTION 2. Tennessee Code Annotated, Section 4-49-104(e), is amended by adding
the following as a new subdivision:
(4) Two percent (2%) of the privilege tax collected under this section must be
distributed by the council to the state treasurer and allocated to rural and urban at-risk
youth programs. The department of economic and community development shall
establish, within existing resources, a program for the administration and distribution of
funds in accordance with this subdivision (e)(4).
SECTION 3. This act takes effect July 1, 2026, the public welfare requiring it.