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Tennessee Code Title 4. State Government § 4-49-127

Current as of January 02, 2024 | Updated by Findlaw Staff

(a) The council, utilizing employees of the council, may:

(1) Conduct investigations or audits to determine whether a licensee is accepting wagers from minors or other persons ineligible to place wagers in this state; and

(2) Conduct investigations to determine whether a person is unlawfully accepting wagers from another person without a license or at a location or in a manner in violation of this part.

(b) After a hearing under § 4-49-126, if the council finds that:

(1) A licensee is accepting wagers from minors or other persons ineligible to place wagers in this state, the council shall impose a fine against the licensee in the following amount:

(A) For a first offense, one thousand dollars ($1,000);

(B) For a second offense, two thousand dollars ($2,000); and

(C) For a third or subsequent offense, five thousand dollars ($5,000); and

(2) A person is unlawfully accepting wagers from another person without a license, the council shall impose a fine against the person in the following amount:

(A) For a first offense, ten thousand dollars ($10,000);

(B) For a second offense, fifteen thousand dollars ($15,000); and

(C) For a third or subsequent offense, twenty-five thousand dollars ($25,000).

(c) This section does not prohibit the council from suspending, revoking, or refusing to renew the license of a licensee or the registration of a vendor in accordance with § 4-49-126.

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Cite this article: FindLaw.com - Tennessee Code Title 4. State Government § 4-49-127 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-4-state-government/tn-code-sect-4-49-127/

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