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Posted on 4/3/2022 by admin

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Tennessee legalized sports betting when Governor Bill Lee allowed Tennessee House Bill 1to become law without a signature. Although online gambling in Tenessee is relatively limited, legal online sports betting is imminent. Four operators have been granted licenses to offer sportsbooks in The Volunteer State, and online sports betting launched on November 1, 2020.

Almost every state with legal sports betting requires operators to have a land-based partner in order to offer their product in the market. Tennessee is unique among its counterparts in that it allows online-only sportsbooks. The move makes sense, considering there are no land-based casinos anywhere in the state.

With four operators ready to go and more certainly right behind them, Tennessee is staged to be a hotspot for online sports betting in the US.

Legal Online Sportsbooks In Tennessee

Tennessee launched full-fledged online sports betting sites on November 1, 2020. Four operators debuted in the first wave of Tennessee sportsbooks.

Here are the live online sportsbooks in Tennessee along with the bonuses they offer for new players:

FanDuel Sportsbook: Up to $1000 bonus here.
BetMGM: Up to $500 bonus here
DraftKings Sportsbook: Up to $1000 bonus here.
Action 24/7: Up to $100 bonus

See our complete guide to Online Gambling In Tennessee.

Tennessee Online Sportsbooks

Tennessee’s online-only sportsbook landscape makes for a unique environment that will likely welcome a wide variety of sports betting companies. Right now, four sportsbooks have licenses to operate in Tennessee. Here’s a rundown of three of those operators, plus a few others we expect to join the market.

FanDuel TN Bonus: Claim a $1,000 risk-free bet at BetMGM.

New players can get up to a $1,000 rebate on their first bet made at FanDuel Sportsbook. There’s no need for a code when depositing to unlock this $1,000 risk-free bet offer. Use our link above.

No discussion of online sports betting is complete without FanDuel. The company has a license to operate in Tennessee right alongside its rival DraftKings. FanDuel has a variety of betting markets, key partnership deals, and great welcome promotions.

BetMGM

BetMGM TN Bonus: Claim a $500 deposit bonus at BetMGM.

BetMGM offers a decent new player bonus offer. Enter “TOPBONUS100″ to claim up to a $500 deposit match bonus at BetMGM Tennessee.

BetMGM has carved out space in the sports betting industry as well. With a recent hotel development in Nashville and recently announced as the official sports betting partner of Tennessee Titans, MGM has a big presence in Tennessee. Online sports betting is certainly next, as BetMGM rounds out the list of licensed operators in Tennessee.

DraftKings

DraftKings TN Bonus Offer: Get a $1,000 deposit bonus when you sign up at DraftKings Sportsbook TN. The $1,000 bonus offer comes in the form of a combination of a deposit match bonus. Claim your $1,000 bonus at DraftKings Tennessee.

The DraftKings bonus offers in Tennessee include a 20% deposit match bonus up to $1000.

DraftKings is one of the first three operators to secure a sports betting license in The Volunteer State. The company is an undeniable sports betting leader, so it should come as no surprise that was one of the state’s first sportsbooks. DraftKings is known for its great bonuses, promotions, and betting pools.

Action 24/7

Action 24/7 TN Bonus Offer: Up to $100

Action 24/7 is currently Tennessee’s only in-state sportsbook operator. The Action 24/7 sportsbook features Tennessee-specific offers and special deals on in-state teams in addition to a full-fledged sports betting portfolio. There are also various free-to-play games on Action 24/7 that allow players to win cash, branded swag, and wagering credits. All-in-all, it’s a top-notch Tennessee sportsbook.

Sportsbooks That May Come To Tennessee

William Hill

William Hill is another major operator with online sportsbooks in a number of regulated markets. Tennessee presents a great opportunity for William Hill to launch an online-only offering.

PointsBet

PointsBet has been rising through the ranks of the sports betting world to become a true contender. Its presence in newly legalized states like Illinois and Colorado bodes well for a possible Tennessee launch.

Tennessee Online Sports Betting Apps

The possibilities in Tennessee are virtually limitless thanks to the state’s online-only sports betting law. Here is a list of TN sports betting apps likely to launch by early 2021.

Action 247
Bet365
PointsBet
Barstool Sports
William Hill

Tennessee Online Sports Betting Bonuses

Bonuses are beneficial to sports bettors in every state, but Tennessee may prove a hotbed for lucrative promotions and offers. Sportsbooks will be online only, meaning customers will have no existing preference based on a casino partner or loyalty program. Instead, bettors will have their pick of the litter when it comes to deciding which sportsbook to use. It’s a safe bet that the site with the best offers will pull ahead. Here are common promotions and Tennessee sports betting bonuses to keep an eye out for.

Deposit Match Bonus

Deposit matches are offered at many online sports betting sites. They essentially increase your account fund the first time you make a deposit. For example, DraftKings offers a 20% deposit match up to $500. If you deposit $2,500, you can claim the full bonus amount. Casual bettors may wish to deposit less upfront, and that’s okay–even a more modest $200 deposit would get you a $40 bonus credit.

You usually have to bet a certain amount to claim deposit bonuses. In most states, DraftKings requires you to bet $25 to claim $1 of the deposit match credit.

Check for special deals, too. Some sportsbooks will offer deposit matches on your first two or three deposits if you’re lucky.

Risk-Free Bets

Lossback or risk-free bet bonuses give you some insurance on your first wager. You place a bet, and if it loses, the sportsbook refunds some or all of the initial bet and the bonus expires. If you win your bet, the bonus still expires.

Risk-free bets are especially beneficial to new players. They allow you to place a bet without worrying too much about losing. You’ll be able to familiarize yourself with the betting process and hopefully win some money.

FanDuel, BetMGM, and DraftKings all offer risk-free bets to new players in most states in Tennessee. Check for terms and conditions, though. Sometimes you have to place the risk-free bet within a certain time window after signing up.

Refer A Friend

Referrals aren’t quite as common in sports betting as they are on horse race betting sites or online casinos. However, with Tennessee’s online-only approach, word of mouth and referrals could translate to new business for operators.

Refer a friend bonuses credit your account once a friend uses your link or email invite to sign up for a sportsbook and make a deposit or a wager. The bonus range varies, usually getting you and the referred bettor $50 to $100 either in site credit or as a single free bet.

No Deposit Bonus

This is the simplest bonus type. Just sign up for a sports betting account and the operator will give you a small stipend. It’s basically their way of thanking you for signing up, and the bonus amounts usually range from $5 to $30.

What Sports Can You Bet On In Tennessee?

Tennessee is embracing sports betting in a way few other states have by allowing online-only operators and placing no maximum on the number of operators in the state. This open stance toward sports gambling is reflected in the actual sports on offer. Tennessee doesn’t have many restrictions surrounding which sports operators can take bets on, making the state a progressive player in the industry.

Betting On US Pro Sports In Tennessee

Tennessee is no stranger to professional sports teams. The state is home to the Memphis Grizzlies (NBA), Tennessee Titans (NFL), and Nashville Predators (NHL). The Nashville Soccer Club joined the Major League Soccer scene with its inaugural season this year.

Professional leagues will undoubtedly make up a huge slice of Tennessee’s sports betting revenue, including Super Bowl betting. The state’s only requirement is that sports betting operators purchase and use official league data for their available pro sports bets. That data enables things like in-play betting.

Tennessee College Sports Betting

College sports betting is allowed in Tennessee as well. Some states prohibit bettors from wagering on in-state college matches (even if the in-state school is playing elsewhere), but Tennessee has no such restriction. It’s a good thing, too, because the state has a widely popular college sports scene.

The only stipulation with regard to college betting is that live or in-play betting isn’t allowed. Otherwise, Tennessee bettors will be able to place bets on March Madness, the College Football Championship, and regular-season games.

Betting On International Sports In Tennessee

Globally popular sports like cricket, rugby, international soccer leagues, darts, and much more are available at Tennessee’s sportsbooks.

There’s no shortage of worldwide sports on most betting sites. Tennessee operators offer similar bets to those in other states.

The Olympics, one of the world’s biggest sporting events, will feature bets as well. Any event governed by a national or international organization is fair game. Tennessee will surely make use of that rule, especially when Olympic events and international competitions like the FIFA World Cup come around.

Tennessee Esports Betting

Esports betting is allowed by Tennessee’s sports betting law.

Other states that allow esports betting have specific restrictions in place to regulate it. For example, some laws require all participants in a given esports contest to be at least 18 years old. Given the young demographic that participates in esports tournaments, this could remove some wagering opportunities. It’s possible that Tennessee could put similar regulations in place.

What Else Can You Bet On At Tennessee Sportsbooks?

Tennessee law allows for a wide selection of sports bets. You name the sports, chances are you’ll be able to wager on it when Tennessee launches sports betting. MMA, UFC, NASCAR, and many other sports are available in the state.

Popular Deposit Methods For Tennessee Sportsbooks

The online and mobile sports betting framework that Tennessee has put in place creates an interesting landscape for payment methods. Because no land-based casinos are in the state, players won’t be able to deposit or withdraw in cash at a property. However, there are still plenty of payment options available in the Volunteer State.

PayPal

PayPal is commonly accepted at sports betting sites and is available at Tennessee’s sportsbooks, too. The service allows you to deposit money into your sportsbook account with just a few clicks.

Credit And Debit Cards

Credit/debit cards are simple and effective. Pretty much every regulated US sportsbook accepts them, and Tennessee keeps up that trend. Use them with caution, though, because banks commonly decline sports betting transactions as a precautionary measure.

Prepaid Cards

Many sportsbook sites offer prepaid cards as an alternative method of payment. You can load the card with funds from your bank and use it at the sportsbook.

Online Banking

You can connect your bank account directly to your sports betting account for quick wire transfer payments or ACH deposits. Sportsbooks use high-level encryption to protect your data, making this method a fast and easy way to deposit funds.

Cash

Cash is actually the only deposit method not be available in Tennessee, given the absence of any land-based properties. Unless the state significantly changes its stance on casinos, you’re unlikely to find the cash deposit option at the state’s sportsbooks.

What Is The Biggest Online Sportsbook In Tennessee By Revenue?

Tennessee doesn’t have a leading sportsbook yet. Three of the current license holders–BetMGM, DraftKings, and FanDuel–could reasonably take the top slot in The Volunteer State.

The first month of legal sports betting will likely yield an early leader in Tennessee. We will update this page as more revenue information becomes available.

What Do I Need To Create A Tennessee Sportsbook Account?

To register at Tennessee sportsbooks, apps will ask you for the following information:

Name
Date of birth
Address
Email
Phone Number
Password (you’ll create one)
Last 4 digits of your SSN

From there, you’ll have to verify your location. Typically sportsbooks will use your phone’s built-in GPS to do this, but some require a separate geolocation app. You need to be within the state of Tennessee to place a bet, but you do not need to be a resident of the state.

If you want to place a bet right when you sign up, have your preferred deposit method ready. And don’t forget to check for special promotions and bonuses.

Legal Online Sportsbooks In Tennessee Versus Illegal Online Sportsbooks

There are myriad reasons to steer clear from offshore/grey market sportsbooks. You may encounter them as you search for Tennessee’s legal online sports betting sites, so be careful about which sites you visit.

Offshore sites are only beholden to the laws of the country where they base their operations. As a result, they’re very risky and should be avoided. There are a few key signs to look out for.

Licensing And Government Oversight

The Tennessee Lottery oversees all legal, regulated sportsbooks in Tennessee. If you’re unsure whether a specific sportsbook site is sanctioned by the state, scroll to the bottom. Legitimate and licensed sites include licensing information clearly visible on its site or app, and many will have links to more information. If this info is missing or particularly hard to find, chances are you’re on an offshore site.

Limited Options For Bets And Deposits

As mentioned above, Tennessee requires sportsbooks to use official league data. Offshore and grey market sites don’t have access to this data, so they won’t offer live, in-play, or proposition betting.

The same goes for deposit methods. Grey market sportsbooks often only provide one or two ways to deposit, and they don’t protect your data as well as regulated sites do.

Customer Support

Licensed sportsbooks almost always have 24/7 support available to customers. Offshore sites have limited customer service options, which can obviously be frustrating if you encounter an issue.

Tennessee Online Sportsbook FAQ

What is the legal online betting age in Tennessee?

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21. Anyone 21 or older is able to place bets on Tennessee’s online sportsbooks.

Online sports betting sites request that new bettors confirm their identity and age using a government-issued form of identification or a Social Security Number.

Yes. Tennessee allows for online sports betting and DraftKings is one of three operators with a license to launch in the state. The DraftKings Tennessee app launched on November 1, 2020.

DraftKings is expected to be one of the major players on the Tennessee sports betting scene.

Yes. FanDuel is one of the few operators licensed to operate in Tennessee. It debuted to Tennessee sports bettors on November 1.

Unlikely. Most sportsbooks in regulated markets require you to have funds in your account to place a wager. Other than its online-only sportsbook ecosystem, Tennessee isn’t steering far off the path of its regulated counterparts.

You will be able to deposit money using a credit card at the state’s sportsbooks.

Yes. College sports are incredibly popular in Tennessee, and bettors can wager on matches. This includes in-state schools, which many states restrict from sports betting sites.

The only restriction is live betting. Live, in-game betting isn’t allowed on college sports in the state.

Do I have to visit a casino to create my Tennessee online sports betting account?

No. And you’d have trouble if you tried, considering the state has no casinos! You’ll be able to register fully online. Just have your personal information ready. This includes your name, email, address, phone number, SSN, and preferred deposit method.