BonusFinder has deepened its presence across the United States further still after securing an affiliate licence to operate in Tennessee.
Expanding its reach across the burgeoning market, the group’s sixth state entry in a year adds to previous green-lights issued in Colorado, Indiana, New Jersey, Pennsylvania and West Virginia.
Tennessee’s sports betting law, under the ‘Tennessee Sports Gaming Act’ moniker, became law towards the culmination of May 2019, and stipulates that all bettors must be at least 21 years old.
Entry to the market will see operators need to pay $750,000 annually for a license and once operative they will be subject to a tax rate of 20 per cent and will be mandated to use official league data. It is said that the state has stipulated November 1 as the latest go live date.
There is, however, no limit on the number of operators who may apply for a license, with it said that applications are pending from four operators, reported by media outlets as being BetMGM, DraftKings, FanDuel and Tennessee Action 24/7, and 20 vendors and suppliers.
Fintan Costello, managing director of BonusFinder.com, said of the approval: “Expanding in the rapidly growing US market is a key focus for us this year and we are thrilled to have been granted this licence in Tennessee.
“The US offers huge potential as more and more states legalise online betting and gaming and our aim is to operate in every regulated state and to offer players the best bonuses and legit sportsbook reviews for sites they can trust. We are excited about the market opening in Tennessee this year and we look forward to partnering with local licensees.”
Since the repeal of PASPA in August 2018, 17 US states have regulated sports betting with only five, namely Delaware, Michigan, Nevada, New Jersey and Pennsylvania, opening up igaming.