Tennessee Action 24 7

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Tennessee Action 24/7, LLC Funding details. Tennessee Action 24/7, LLC raised $5,325,000 from 34 investors on 2019-12-13. Nov 02, 2020 As the name states, Tennessee Action 24/7 enters the landscape with the unorthodox strategy of focusing solely on the Rocky Top clientele. Action 24/7 Sportsbook App is here. The first Sportsbook app made By Tennesseans For Tennesseans. Easy registration, Simple deposits, Same Day withdrawals, and all the sports betting Action you can handle. We're not a mega-corporation from some far off land. Tennessee Action 24/7, LLC is a Tennessee Domestic Limited-Liability Company filed on May 15, 2019. The company's filing status is listed as Active and its File Number is 001029101. The Registered Agent on file for this company is National Registered Agents, Inc. And is located at 300 Montvue Rd, Knoxville, TN.

ACTION 247: Last Applicant/Owner: Tennessee Action 24/7, LLC Tennessee United States: Serial Number: 88587763: Filing Date: August 21, 2019: Status: Abandoned-Failure To Respond Or Late Response: Status Date: January 12, 2021.

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Action 24/7 plans to make its debut as the only locally-owned and operated sportsbook in Tennessee, and will initially compete against three international operating publicly-traded companies.

“We believe we have a home-field advantage that will be hard for competitors to match. Our investors and our employees are from communities across the state,” said Action 24/7 President Tina Hodges.

“We will be involved and active corporate citizens in the communities we serve. When the time is right, we will have local events for our Tennessee players.”

Hodges said they won’t compete with other organizations in Tennessee — instead they will dominate the market.

“That is what we intend to do with Action 24/7, a sportsbook BY Tennesseans FOR Tennesseans,” Hodges said in an emailed statement.

Tennessee, Hodges said, is unique in the United States in that it has online betting only.

“There will be no in-person casinos or betting parlors in Tennessee. They do it from a telephone or a computer,” Hodges said.

Sports betting just became legal in Tennessee more than a year ago. The licensing authority is under the Tennessee Education Lottery.

Action 24/7 is headquartered in Nashville.

“My company, Tennessee Action 24/7, is the only Tennessee owned and operated company that will be licensed here — or at least has made an application as of now,” Hodges said.

Action 24/7 currently has 10 employees, but company officials hope to grow that number to 50 by the end of the first year, Hodges said.

“Coronavirus aside, we are hoping to have lots of player activities across the state, so when we are able to resume in-person activities it’s going to be very exciting for us to have tailgates and player activities all across the state,” Hodges said.

“I think that is something that will be unique and fun for our players to do. Of course, it is delayed a little bit, as are the start of sports. So, as soon as we are able to have those in-person events, we really look forward to meeting those people face-to-face all across the state.”

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For the past 20 years, Hodges said she has run another company, which has grown from a start up with three employees to one of Tennessee’s fastest growing businesses, Advance Financial.

“We’ve been recognized for our customer service, our world class employee experience and our rapid and consistent growth. Click here to review our awards,” Hodges said in her emailed statement.

“I intend to run Action 24/7 the same way. Our customers will rave about our service, our employees will recommend us to their friends and family and our communities will speak highly of us as good corporate citizens.”

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Chris Butler is an investigative journalist at The Tennessee Star. Follow Chris on Facebook. Email tips to [email protected]

NASHVILLE, Tennessee–Bettors in Tennessee made $27 million in wagers during the first week and one day of legally authorized sports-only gambling in the state.

WATE reported the details:

On November 1, over $5.1M was wagered, the adjusted gross income (AGI) was $800K, and the total tax was $160K.

From November 1 through the 8th, over $27.4M was wagered, the AGI was over $2.5M, and the total tax was $509K.

“These numbers are encouraging as we work to protect the consumer, promote fairness in sports and regulate this new Tennessee industry that provides critical funds for education, as well as local governments and problem gambling services,” President and CEO of the Tennessee Education Lottery (TEL) Rebecca Paul Hargrave said on Monday of the launch of legally authorized sports-only gambling in the state.

Four companies have been approved by the TEL as sportsbooks in Tennessee. Action 24/7 is the only Tennessee owned and operated company among those four. The other three are international publicly-traded companies.

The Tennessee Star spoke with Action 24/7 President Tina Hodges at the company’s new offices in Nashville on Monday about the company’s launch.

Hodges told The Star “Action 24/7 is ready to compete” with the three larger out-of-state sportsbooks that are also operating in Tennessee.

“We are very happy with Action 24/7’s launch in Tennessee. Our Andriod and iOS apps are up and running. We’ve had great registrations so far. We are beating our projections. We’re also running a low budget office. We’re being smart about how we’re spending our money,” Hodges said.

Hodges told TheStar one of Action 24/7’s competitive advantages over the out-of-state sportsbooks is the company’s “same day pay” feature.

“Our ‘same day pay’ feature is a customer favorite. Other sportsbooks keep a player’s winnings sometimes for multiple days. Action 24/7 pays winnings on the same day the bet is won,” Hodges said.

Hodges noted that customers prefer being paid on the day they win their bet, rather than having to wait beyond that.

Other sportsbooks are using big name celebrities to grab the attention of fans, such as MGM which is aligned with Jamie Fox.

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An investor deck obtained by the The Star shows that Action 24/7 had planned to do the same with its owner and partner, Clay Travis of Outkick the Coverage. When asked directly about Clay and his apparent switch over to FanDuel, Hodges simply stated she was not able to discuss the membership of the LLC. Travis did not return repeated requests for comment from The Star on Monday.

Action 24/7 President Hodges told The Star the locally owned and operated company is currently competing against three international publicly-traded companies under what are “very unique circumstances.”

This is especially true of Tennessee’s 10 percent hold requirement.

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“We are the only state that has it. The requires that we keep a 10 percent hold. It is going to be tough, I think. It gets into free play promos and all of the advertisements that you are seeing from our competitors about ‘free this, free that, do this and get $1,000, you can lose $1,000 and we’ll pay you back,’” Hodges told The Tennessee StarMonday.

Action 24/7 is headquartered in modest startup offices in Nashville.

As The Starreported in September, members of the Tennessee General Assembly enacted sports betting into law more than a year ago. The licensing authority is under the Tennessee Education Lottery.

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States other than Tennessee have both online sports betting and in-person sports betting, but Tennessee is the only state that has online sports betting only. Tennessee has no in-person casinos or betting parlors.

All of Tennessee’s sportsbook companies, Hodges said, must not disregard the state’s 10 percent hold requirement.

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“All of those sorts of freebies are going to limit those organizations from being able to reach this hold, and it just doesn’t seem from their advertising that they are taking it seriously,” Hodges said.

“I know our state legislature definitely takes it seriously, and the Tennessee Education Lottery takes it seriously. We are taking it very seriously, and I certainly hope that our competitors will too.”

“I think that [the 10 percent hold rule] will be a real issue coming up for the guys doing that [anyway], and I think they need to take very seriously the rules that our legislature and the lottery board have put in place because they are going to enforce them,” Hodges said.

“From their advertising it doesn’t look like they are taking them seriously right now. But they should.”

State officials can penalize companies that do not follow the law with monetary fines and or suspension of a company’s license or they could choose not to renew a company’s license, Hodges said.

According to Monday’s Tennessee Journal, state tax collections from these wagers will go to the Lottery’s education account, cities and counties on a per-capita basis, and the Tennessee Department of Mental Health for gambling addiction treatment programs.

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Chris Butler is an investigative journalist at The Tennessee Star. Follow Chris on Facebook. Email tips to [email protected]

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Action 24/7 is an advertiser on The Tennessee Star Report radio program.