FST-1 - Fantasy Sports Tax – Overview

Tennessee’s fantasy sports tax is a privilege tax imposed at a rate of six percent (6%) on all adjusted revenues of a fantasy sports contest offered by a fantasy sports operator to Tennessee consumers. The tax is paid by fantasy sports operators and not by individual players.  Each operator must register with Tennessee’s Secretary of State and remit quarterly tax returns to the Tennessee Department of Revenue.

Reference: Tenn. Code Ann. § 67-4-901-905.

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