A Tennessee bill targeting sweepstakes casinos is advancing quickly, reflecting a growing national trend against the dual-currency model.
Tennessee’s sweepstakes casino ban bill is advancing unanimously, with bipartisan support and little to no opposition. The legislation would impose civil and criminal penalties and formalize enforcement against dual-currency casino operators.
Tennessee reflects a broader national trend, with a dozen states expected to pass sweeps bans while attention shifts toward regulating prediction markets. The Tennessee House State and Local Government Committee progressed the bill 21-0, with one member present but not voting. The bill passed out of the committee without debate or further discussion. The bill now goes to the powerful Finance, Ways and Means Committee, and from there likely the full House floor. The measure’s companion bill passed the full Senate 32-0 earlier this month. In the coming weeks, it will likely pass the House with similar widespread, bipartisan backing. Assuming passage, sweeps casino operators and their associated third-party vendors could face civil and criminal penalties after the bill takes effect later this year.for codifying bans against online dual-currency casinos as well as approving enforcement actions against them. Tennessee is one of roughly a dozen states where many major sweeps operators no longer accept customers. Tennessee is one of a handful of states that allows legal online sportsbooks but has no legal brick-and-mortar gaming establishments. Lawmakers have not seriously considered legalizing real-money online slots and table games.By year’s end, at least a dozen states will likely have passed formal sweeps ban legislation. No state has seriously considered legislation to permit these games. Proponents of the bans, which included regulated real-money iGaming operators and a number of state regulators, argue these dual-currency systems act as a way to offer illegal gambling. Sweeps casino operators have maintained their business model is akin to a promotional offering such as McDonald’s restaurants’ Monopoly promotion. That argument has gained little traction in most statehouses. Sweeps casinos have also not challenged these newly passed bills in court, instead agreeing to cease operations in those jurisdictions. Lawmakers’ movements against these games come several years after hundreds of sites became available in most states nationwide. Once a major cause of concern for regulated gaming stakeholders, political attention has now increasingly turned to prediction markets. Prediction markets generate more than 80% of their trading volume from sports event contracts, and no major operator in the U.S. offers trades on casino games. But gaming stakeholders have cautioned that the federally regulated platforms’ ability to self-certify will allow them to potentially offer trades on casino games in what detractors consider another workaround of state-level regulated gaming. New York and Kentucky are among the states that have introduced prediction market regulation and taxation bills this year. If these, or any state legislative proposal, were to pass, the legislation would undoubtedly be challenged by the prediction market operators in court. Ryan is a Senior Editor at Covers reporting on gaming industry legislative, regulatory, corporate, and financial news. He has reported on gaming since the Supreme Court struck down the federal sports wagering ban in 2018. Based in Tampa, Ryan graduated from the University of Florida with a major in Journalism and a minor in Sport Management. Before reporting on gaming, Ryan was a sports and political journalist in Florida and Virginia. He covered Vice Presidential nominee Tim Kaine and the rest of the Virginia Congressional delegation during the 2016 election cycle. He also worked as Sports Editor of the Chiefland Citizen and Digital Editor for the Sarasota Observer.Copyright © 1995 - 2026 CS Media Limited All Rights Reserved. If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.
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