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

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Terms Used In Tennessee Code 4-49-127

(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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