2019 Tennessee Code
Title 4 - State Government
Chapter 51 - Tennessee Education Lottery Implementation Law
Part 3 - Tennessee Sports Gaming Act
§ 4-51-324. Licensee reporting requirements -- Compliance hearing.
(a) Each licensee shall report to the board, no later than January 15 of each year:
(1) The total amount of wagers received from bettors for the immediately preceding calendar year;
(2) The adjusted gross income of the licensee for the immediately preceding calendar year; and
(3) Any additional information required by rule of the board deemed in the public interest or necessary to maintain the integrity of sports wagering in this state.
(b) A licensee shall immediately report to the board any information relating to:
(1) The name of any newly elected officer or director of the board of the licensed entity; and
(2) The acquisition by any person of five percent (5%) or more of any class of corporate stock.
(c) With respect to information reported under subsection (b), a licensee shall include with the report a statement as to any conflict of interest that may exist as the result of such election or acquisition.
(d) Upon receiving a report under this section or § 4-51-315(b), the board may conduct a hearing in accordance with § 4-51-326 to determine whether the licensee remains in compliance with this part.
