Tennessee Education Lottery Corporation becomes GLMS’ first Regulating member
The GLMS Statutes were revised in September 2020 following a written General Assembly of its members, during which the membership took into consideration the changing nature of sports betting and integrity worldwide. Following the PASPA repeal in May 2018 and the legalisation of sports betting in many US States, certain US Lotteries act as regulators, defining the circumstances under which sports betting operators will be allowed to operate sports betting in their state.
Tennessee is evidence of the growing sports betting market in the USA, with the unique twist of the TEL acting as a regulator, not an operator, offering sports betting licences since mid 2020. The TEL, as a semi-governmental organization, has raised more than $5.6 billion for education in Tennessee since 2004.
“The Tennessee Education Lottery is proud to become a member of GLMS in our oversight role for the licensing and regulation of online sports wagering in Tennessee,” TEL President and CEO Rebecca Paul Hargrove said. “Integrity is at the heart of everything we do as we establish and support a responsible and competitive sports wagering program. GLMS’s position in the global marketplace will be a critical asset to the TEL’s work to protect the customer, promote fairness in sports and regulate this new industry in our state.”
The insight and intelligence TEL will bring to GLMS’ international membership will benefit jurisdictions around the world and add tremendous value to safeguarding a culture of integrity in an increasingly global sports wagering marketplace.