Tennessee SB2520 amends the privilege tax on sports gaming and allocates a portion of the tax to youth programs.
Tennessee SB2520 revises the privilege tax on sports gaming, reducing it from eighty percent to seventy-eight percent. It also mandates that two percent of the collected tax be allocated to the state treasurer for distribution to rural and urban at-risk youth programs. The Department of Economic and Community Development will oversee the administration and distribution of these funds. The changes take effect July 1, 2026.
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