{"data":{"id":"us-tn/tenn.-code-ann.-4-49-122","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 4-49-122","heading":"House rules - Acceptance of wagers - Payouts","body":"(a) Each licensee shall adopt and adhere to a written, comprehensive policy outlining the house rules governing the acceptance of wagers and payouts. The policy and rules must be approved by the council prior to the acceptance of a wager by a licensee. The policy and rules must be readily available to a bettor on the licensee's website. (b) The council shall promulgate rules regarding: (1) The manner in which a licensee accepts wagers from and issues payouts to bettors, including payouts in excess of ten thousand dollars ($10,000); and (2) Reporting requirements for suspicious wagers. Renumbered from T.C.A. s 4-51-322 by 2021 Tenn. Acts, ch. 593, s 30, eff. 1/1/2022. Added by 2019 Tenn. Acts, ch. 507, s 1, eff. 7/1/2019.\n(a) Each licensee shall adopt and adhere to a written, comprehensive policy outlining the house rules governing the acceptance of wagers and payouts. The policy and rules must be approved by the council prior to the acceptance of a wager by a licensee. The policy and rules must be readily available to a bettor on the licensee's website.\n(b) The council shall promulgate rules regarding: (1) The manner in which a licensee accepts wagers from and issues payouts to bettors, including payouts in excess of ten thousand dollars ($10,000); and (2) Reporting requirements for suspicious wagers.\n(1) The manner in which a licensee accepts wagers from and issues payouts to bettors, including payouts in excess of ten thousand dollars ($10,000); and\n(2) Reporting requirements for suspicious wagers.\nRenumbered from T.C.A. s 4-51-322 by 2021 Tenn. Acts, ch. 593, s 30, eff. 1/1/2022.","path":["TN Code","Title 4","Chapter 49"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"486e049874181879a19bc92b43e520fc36806393fd7714dc0605b390b07c4b1c","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-4-49-121","next":"us-tn/tenn.-code-ann.-4-49-123"},"notice":"GroundRules: Original legal text. Not legal advice."}