A free education funded by sports betting
NICK FRAZIER, MTN Sports Reporter
In recent weeks online legal sports betting in Tennessee has reached a milestone that 11 other legal states haven't. According to Allan Bell with CBS SportsLine, he tweeted "Tennessee has officially become the fastest state to reach the $200 million handle in a month designation." Each month a percentage of the money goes toward the Tennessee Lottery. The state lottery also funds a specific education program.
The Tennessee Promise Program is an alternative education option that is 100% funded by the state lottery for incoming students who choose to attend an eligible in-state community college for their first two years of education. Those who qualify have to show financial proof to meet requirements. And as for the bettors wagering money with not the best of luck, they will continue to benefit education in Tennessee.
According to Allan Bell, for the Super Bowl alone, bettors in Tennessee wagered approximately $20 million. 1.6% of the money wagered will go towards Tennessee education. As the numbers for online sports gambling continue to rise, so will the revenue for the state. If you would like to find out more information about the Tennessee Promise program, please visit tn.gov/promise. Also, if you or somebody you know has a gambling problem, call 1-800-522-4700.