FST-5 - How to Calculate Adjusted Revenues

Adjusted revenues are the amount equal to the total entry fees collected from all participants entering a fantasy sports contest less winnings paid to participants in the content, multiplied by the resident percentage. Adjusted revenues should be calculated for each fantasy sports contest offered by a fantasy sports operator to Tennessee consumers during the reporting period.

Reference: Tenn. Code Ann. ยง 67-4-902.

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