Tennessee Hoping To Have Executive Director By Mid-September

Tennessee Hoping To Have Executive Director By Mid-September
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Plans to hire an executive director to oversee sports betting in Tennessee have been put into high gear.

Tennessee’s Sports Wagering Advisory Council, at a meeting Tuesday in Nashville, proposed having someone in place by early September.

The council has met three times as part of the transition of regulatory responsibility of sports betting in the state from the Tennessee Education Lottery, which became law after Gov. Bill Lee signed the legislation on May 27.

Getting A Time Frame

The council decided at Tuesday’s meeting that it would take applications for the job until Aug. 11 and then start narrowing the list of candidates.

Council member Mike Keeney, part of the subcommittee to draft the job description, said the group had received a significant number of applications. The council plans to meet again on Aug. 24 to discuss the next steps and hopes to be ready to make a hire soon after.

At the June meeting, the council decided against hiring a search firm so it could speed up the process of getting someone in place.

The Sports Wagering Advisory Council will take over sports betting regulation from the Tennessee Education Lottery on Jan. 1, and it wants an executive director in place before then.

A director position is needed after Danielle Boyd left in March to become the vice president- regulatory and compliance at Hard Rock Digital in Ft. Lauderdale, Florida.

Sports Betting Numbers Up In June

It was announced Tuesday that Tennessee’s sports betting handle for June was $174.5 million, which was an 8% increase from May and the first month-over-month increase since March.

In May, sports bettors wagered $160.9 million, which was down 6.8% from April’s $172.4 million.

Betting Rules Discussed

The Sports Wagering Advisory Council is also tasked with updating Tennessee’s current sports betting regulations.

Council member Tom Lee said the rules committee would submit a set of emergency rules by the next meeting for the council to consider and suggested those be voted on by the November meeting.

Those emergency rules would be in place for six months, while the council would work on a permanent set of rules to be in place by the second half of 2022.