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Tennessee Sports Betting

Zero gambling presence. A governor against any form of wagering. A demand for a mandatory hold percentage, something unheard of in the industry.

Suffice to say the odds were stacked against Tennessee lawmakers in their quest to legalize sports betting. Yet, while the process was predictably grueling and not without its difficulties, the Volunteer State joined the ranks of the regulated and legislated with the first (and, so far, only) online-only sportsbook bill in the country.

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Tennessee might one day be a Wild West for online sports betting operators, but at the moment there remain several notable sportsbooks who have yet to sign on. That leaves those who signed on first as the books with the largest followings – and that appears unlikely to change for the foreseeable future.

Here’s a look at our top-rated online sportsbooks in Tennessee.

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Tennessee Sportsbooks

Caesars Review Logo
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  • Pro: Largest retail sportsbook in America.
  • Con: Live betting data can be slower to load than some competitors.
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Caesars Review

Caesars is proving to be one of the most aggressively expanding brands in sports betting. Unfortunately, like all major U.S. sportsbooks, they are quick to limit you if you go on a tear and their odds boost promos offer low maximum bet limits.

Bonus iconKnown for: $1,250 On Caesars + 1000 Tier Credits + 1000 Reward Credits®

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BetMGM Review Logo
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  • Pro: Voted Casino Operator of the Year in 2021 and 2022.
  • Con: Quick to lower your limits when you're on a heater.
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BetMGM Review

BetMGM is one of the top-rated sportsbooks in the U.S. offering some of the best live betting odds in the industry. They’re also the largest iGaming operator across the U.S.

Bonus iconKnown for: $1,000 Risk-free Bet

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FanDuel Review Logo
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  • Pro: Seamless transition from DFS to sportsbook with one wallet.
  • Con: Odds boosts and promos generally have low max bet limits.
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FanDuel Review

FanDuel reigns supreme right now as the No. 1 betting site in America. And it has largely earned that spot on the strength of superior brand recognition, an easy-to-use product, an overwhelming number of markets for North America’s most popular sports, and representation in every state in which it is permitted to offer legal sports betting.

Bonus iconKnown for: $1,000 "No Sweat First Bet"

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DraftKings Review Logo
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  • Pro: Lots of promos and odds boosts.
  • Con: Indirect and unhelpful customer service.
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DraftKings Review

DraftKings had a solid reputation as the leading DFS provider in the country, so the shift to legal sports betting felt natural. They offer one of the most voluminous collections of ongoing promos and odds boosts in the industry as they cater to the beginner crowd. However, their reputation has dwindled as outspoken CEO Jason Robins leads the charge of the anti-profitable bettor mentality that runs rampant amongst sportsbooks that are quick to limit winning players.

Bonus iconKnown for: 20% Deposit Match up to $1,000

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PointsBet Review Logo Online since: 2015
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  • Pro: 100% independent.
  • Con: After using the app for a while, you will no longer be qualified for promotions designated for “recreational” players.
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PointsBet Review

PointsBet’s innovative nature shows that they don’t want to just be another book you place typical bets. Unfortunately, they are quick to limit bettors on a hot streak and limit the number of promos you’re able to take advantage of, making it necessary for you to shop at other books regularly.

Bonus iconKnown for: 5 Risk-free Bets up to $500

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Barstool Sportsbook Review Logo
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  • Pro: Interactive bets with their known personalities.
  • Con: Below-average odds.
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Barstool Sportsbook Review

Barstool Sportsbook’s controversial practices have made them one of the most polarizing companies in sports media. In addition, their fun-over-function business model offers little profitability for bettors who quickly find themselves limited after a hot streak.

Bonus iconKnown for: $1,000 Risk-free Bet

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WynnBET Review Logo
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  • Pro: Above-average betting limits.
  • Con: Boosts and parlays offered are either high-risk or low-value plays.
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WynnBET Review

Wynn has been steeped in the legal gambling scene in Vegas for as long as anyone out there. In other occurrences where you have an operator with a rich history and influence in retail casino operations and resorts, the focus can predominantly be on slots and table games. The online sportsbook can be a casualty of convenience. We were pleasantly surprised to find that isn’t the case with the WynnBET app. 

Bonus iconKnown for: Bet $100, Get $100

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Unibet Review Logo
Icon rating b-
  • Pro: Established global sports betting brand.
  • Con: Withdrawals can be slower than average.
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Unibet Review

Unibet offers its customers an excellent online betting experience. Our Unibet review feels that the company's experience as a global brand shines through with a streamlined, easy-to-use gaming platform.

Bonus iconKnown for: $500 Risk-Free Bet (PA only)

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BetRivers Review Logo
Icon rating c+
  • Pro: Large offering of alternative lines and props.
  • Con: Will limit bettors on a heater.
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BetRivers Review

Unless you live near a physical casino/sportsbook to potentially take advantage of some rewards programs, there is no reason to use BetRivers as your primary sportsbook.

Bonus iconKnown for: Get up to $500 back in free bets if the initial wager loses

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Bally Bet Review Logo
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  • Pro: End-to-end tech through its ownership of Bet.Works.
  • Con: Low sign-up bonus.
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Bally Bet Review

Bally Bet’s bare-bones operation and limited features don’t warrant much consideration as a part of your regular sportsbook rotation unless you find holes in their lines. Still, it’s a company to be bullish about going forward.

Bonus iconKnown for: 100% First Bet Match up to $50

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SI Sportsbook Review Logo
Icon rating c
  • Pro: BetFeed ranks most popular incoming bets.
  • Con: Non-existent customer service.
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SI Sportsbook Review

The Sports Illustrated Sportsbook is very much in its infancy, which is noticeable upon browsing the betting site or app, as the design is mediocre to go along with below-average betting odds. However, their relationship with 888 Holdings should allow them to evolve as they continue to grow in this hyper-competitive space.

Bonus iconKnown for: Bet $5, Get $100 (VA)

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Hard Rock Sportsbook Review Logo
Icon rating c
  • Pro: If the house is a rockin' don't bother knockin'
  • Con: Limited betting menu.
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Hard Rock Sportsbook Review

Hard Rock sportsbook is an excellent choice for super casual bettors. It is simplistic and offers some of the best sign-up bonuses for new users looking to try sports betting for the first time or those betting for light entertainment.

Bonus iconKnown for: Promos vary by state.

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Tennessee Promos and Bonuses

Here are the top bonuses and signup offers available in Tennessee:

Caesars: First Bet up to $1,250 +1000 Tier Credits + 1000 Reward Credits

Caesars Sportsbook is now offering its "Go Full Caesar this Football Season" welcome bonus for new users. For prospective bettors, your first bet is on Caesars up to $1,250. If the bet loses, you get 100% of your stake back as a free bet. 

Note that $10 is the minimum wager amount accepted to qualify for this offer. All credits will be added to a user's account within 7 days. The free bet is for one-time use within 14 days and cannot be divided across multiple wagers.

New users will also receive 1000 Caesars Rewards Tier Credits and 1000 Caesars Reward Credits®, win or lose. Tier Credits contribute to your Tier Status, which gives you more benefits and faster service.

Tier Statuses are as follows:

Gold: 0 – 4,999 Tier Credits
Platinum: 5,000 – 14,999 Tier Credits
Diamond: 15,000 – 24,999 Tier Credits
Diamond Plus: 25,000 – 74,999 Tier Credits
Diamond Elite: 75,000+ Tier Credits
Seven Stars®: 150,000+ Tier Credits (exclusive invitation only)

Sports bettors can earn 1 Tier Credit for every $5 of potential profit on sports bets placed *Up to 10 times the original amount staked* Users can redeem these points when playing, dining, shopping, or staying at Caesars resorts and casinos.

FanDuel: $1,000 "No Sweat First Bet"

FanDuel regularly changes its welcome bonus, especially during peak sports seasons like the NFL. The latest offer from FanDuel is a "No Sweat First Bet" of $1,000.

If your first bet loses, FanDuel will offer you a free bet credit in the equal amount of your first bet up to $1,000. If your first bet wins, you win.

BetMGM: $1,000 Risk-Free Bet

BetMGM has an average sign-up bonus for Tennesseeans, offering a $1,000 risk-free bet for new users. It’s a bump up from the lowly $600 they were offering for a while.

With the risk-free bet, you only get money back if your first bet loses, and they match your first bet up to $1,000. There are no minimum or maximum odds restrictions on your first bet, which is nice since sign-up promos usually feature those. While that’s admirable insurance, it rewards you with nothing if your first bet hits. For that reason, deposit matches are generally slightly more appealing.

Barstool: $1,000 Risk-Free Bet

Barstool Sportsbook has an average sign-up bonus offering a $1,000 risk-free bet for new users. They word it differently by calling it a “2-for-1,” but Tennessee residents know better: it’s a standard welcome bonus.

With the risk-free bet, you only get money back if your first bet loses, and they match your first bet up to $1,000. While that’s commendable insurance, it rewards you with nothing if your first bet hits. For that reason, deposit matches are generally slightly more appealing.

DraftKings: 20% Deposit Match up to $1,000

At DraftKings Tennessee, you will receive a $50 free bet with a minimum deposit of $5. If you don’t have the bankroll to make a more extensive first deposit, this is a humble offer. Still, this is far from generous, considering that DK is a multi-billion dollar industry giant.

The more significant offer DraftKings features is a 20 percent first deposit match up to $1,000. In this case, you must deposit $5,000 to be eligible to receive the maximum possible bonus amount of $1,000. This is not a reasonable offer for the casual bettor.

WynnBET: $200 Free Bet

The silver lining of the WynnBET promo is that you only need to deposit $10 to get the maximum amount of the $200 bonus whether your qualifying bet wins, loses, or is a push. Most sportsbooks require a 100 percent deposit match to trigger a complete bonus, meaning you would have to deposit $1,000 to get $1,000 back, and in the case of a risk-free bet, you would only get a free bet or credit if your qualifying bet loses.

Unfortunately, WynnBET Tennessee does complicate how you receive your free bets. The $200 is divided into four $50 bets. The first free bet will be released within 72 hours after the settlement of your first qualifying bet. The remaining three free bets will be released in a single installment every seven days until all free bets have been released.

(Note: Terms and conditions apply to all offers and bonuses.)

Tennessee Sports Betting Quick Facts

πŸš€ Launch Date       Nov. 1, 2020
πŸ’° # of Betting Sites       11
πŸ“± Online Sports Betting       βœ… Yes
🎰 Retail Sports Betting       βœ… Yes
πŸ–₯️ Online Casino       ❌ No
πŸƒ Retail Casino       ❌ No
🏈 College Sports Betting       βœ… Yes
🌎 2022 Population (est.)       7.05 million
πŸ’΅ 2021 Betting Handle       $2.6 billion
πŸ’Έ Tax Rate       20 percent

Tennessee Betting Apps

BetMGM Sportsbook

If you’re going to be even somewhat active as a Tennessee player, BetMGM might be the best app for you. Anyone who places $50 or more in wagers for a week will receive a nice $10 bonus the following Monday, every single week. It’s a little thing, but the kind of perk that separates BetMGM from the field.

Check out our BetMGM sportsbook review.

Caesars Sportsbook

Hail to the emperors of sports betting brand recognition! Oh, and Caesars has a really strong sports betting product, as well, with a generous risk-free bet for new users and a bevy of promos and contests throughout the year. It would be nice to see Caesars expand its sports offering, but otherwise, its game is tight.

Check out our Caesars sportsbook review.

FanDuel Sportsbook

All of the standard player perks are here, from the $1,000 risk-free bet to the frequent odds boosts to the always-tempting Same Game Parlay. SGPs used to be the exclusive domain of FanDuel, but now several other operators are offering the same bet types – with better odds that you’ll get at FD.

Check out our FanDuel sportsbook review.

Barstool Sportsbook

Regardless of what you think of the Barstool Sports brand – and there seems to be no middle ground there – the sports betting app deserves due credit. Barstool puts its personalities front and center in a creative way while hosting fun, creative contests and serving up flexible parlay options.

Check out our Barstool sportsbook review.

DraftKings Sportsbook

It’s interesting that DraftKings has opted for a deposit match over a risk-free bet – and while the amount is generous, it comes with a demanding play-through requirement that most players simply won’t reach. That aside, the app interface is good, the free contests are numerous and the odds boosts are generous.

Check out our DraftKings sportsbook review.

WynnBET Sportsbook

Give WynnBET credit for having great customer service, an elite casino product and prizes and giveaways that allow it to leverage its brand strength in Las Vegas. But the welcome bonus is on the low side, and the lack of compelling online promos and bonus options make you feel like it cares a little more about slots.

Check out our WynnBET sportsbook review.

How to Bet in Tennessee

Choose your sportsbook

Consult our top list above for the best sports betting options available to you in Tennessee. Our interactive list allows you to sort sportsbooks based on a number of criteria, including banking options, bonuses and quality of customer service.

If you’re looking for more information before making your choice, be sure to check out our detailed, unbiased reviews for each of the top sportsbooks in Tennessee. This is especially important if you want to understand how each book’s bonus offers work.

Register online

Registration requirements vary slightly by sportsbook, but most follow the same protocols. Be sure to have your personal information (name, address, phone number) and credit card details (number, expiry date, CVV) handy.

Deposit and claim your bonus

Once you’re comfortable with how your sportsbook’s new signup bonus works, it’s time to make your initial deposit and claim that sweet bonus. The majority of first-time offers for Tennesseeans come in one of two forms:

  • Risk-free bets: This offer guarantees you a refund on your first wager if it is graded as a loss. The sportsbook will refund your initial bet amount (up to a specific limit) either as cash or as site credit.

  • Deposit match: This offer sees the sportsbook match your initial deposit dollar-for-dollar, though there are two caveats. The deposit match will come with a maximum limit, and in the majority of cases you will be required to “play through” your initial deposit by a certain multiple in order to earn the bonus.

Select and finalize your bet

Congratulations! You’re ready to place a wager. Take some time to familiarize yourself with the app interface before diving in. Most mobile operators make it easy for new sports bettors to navigate, but it’s still a good idea to know where everything is.

From there, you can place any type of wager you like; the most popular bet types are the moneyline, spread or total. You can also dive into team or player props, or even kick things off with a futures bet.

Once you have the desired wager(s) in your betting card, take one last look to ensure you’ve made the selections you want. If everything is good, simply click the “Bet” button – and you’re off!

Tennessee Legal Sports Betting History

Tennesseeans endured one of the more arduous journeys to legal sports betting – one in which the state made history in more than one way.

From an anti-gambling governor who refused to sign the legislation, to the introduction of an online-only operator market, to a mandatory monthly hold mandate, you probably won’t see another state follow the same path to legalization. But now that Tennessee is open for business, you probably won’t hear residents or visitors complain.

Here’s a look at Tennessee’s truly bizarre sports betting history:

2019: Governor approves sports betting bill

Getting a bill past the governor was actually the easiest part of the process. Roughly six months after Representative Rick Staples presented a bipartisan bill aimed at legalizing sports betting, Governor Bill Lee allowed it to proceed into law despite voicing strong objections to the bill, and to gambling in Tennessee altogether.

A few months later, the Tennessee Sports Gaming Act became law – and then the real challenge got underway, as lawmakers began putting together the skeleton of the state’s sports betting regulations. From the outset it was clear that there would be resistance, as the first set of rules contained a mandatory 15 percent annual hold.

2020: First four operators go live

After an exhaustive back-and-forth between the council and stakeholders, the state’s final draft of its sports betting rules were approved and released on April 15. Among the “highlights”: A 10 percent annual hold requirement for all operators, and a directive that calls for players to bring any disputes or problems to the sportsbooks first.

Another significant part of the sports betting plan for Tennessee: There would be no retail sports betting allowed. Tennessee has no physical casinos – and unlike Virginia, which approved the construction of several casinos in order to offer an alternative to mobile wagering, Tennessee simply opted to limit players to online betting only.

The Tennessee Education Lottery Corporation finally approved the first three operators: BetMGM, DraftKings and FanDuel. Local sportsbook Tennessee Action 24/7 gained approval not long after, and all four books went live for the first time on Nov. 1.

2021: More sportsbooks join the fray

Thankfully for everyone involved, 2021 was a much quieter year in Tennessee from a sports betting regulation perspective. Approvals went out to William Hill (subsequently acquired by Caesars in August), WynnBet and Barstool Sportsbook, among others.

2022: Records are shattered in TN

The second full year of legal online wagering in Tennessee was punctuated by handle records and more license approvals. The state brought in a whopping $386 million in January to set a new single-state mark, while Wagr and Fubo become the ninth and 10th operators, respectively, to earn approval.

2022 also saw the Sports Wagering Advisory Council take over for the Tennessee Education Lottery Corporation as the overseers of sports betting legislation in the state. The SWAC became responsible for licensing, regulation and dispute resolution (in the event the player and sportsbook could not come to an accord).

Responsible Gaming in Tennessee

State regulators have made self-exclusion the responsibility of the individual sports betting operators, who must make their lists available to every other operator.

The Tennessee government has also put safeguards in place to ensure that bettors have a way out of any potential trouble spots. Players have access to a wide variety of problem gambling programs via the Tennessee Department of Mental Health and Substance Abuse, which receives five percent of sportsbook revenue. 

Visit the Tennessee Department of Mental Health and Substance Abuse site.

Sports Leagues to Bet On

It will come as no surprise to see a rather extensive list of major professional and amateur sports available to Tennessee bettors – a list that includes (but is not limited to):

  • NFL
  • NCAA Football
  • NBA
  • NCAA Basketball
  • MLB
  • NHL
  • Golf
  • Auto Racing
  • Tennis
  • Soccer
  • MMA
  • Entertainment (including major awards ceremonies)
  • Esports

That leaves politics as the only major betting market that is prohibited in Tennessee. You also can’t live-bet NCAA games or wager on collegiate player props.

Tennessee Teams to Bet On

It’s a good time to be a Tennessee sports fan. While the championship parades have yet to come, the Titans have been a strong team for several years, while the Grizzlies have made considerable strides in short order. Combine that with a Predators team that has put together several solid seasons of late, and you have a great sports scene.

Here’s a look at the sports betting partnership situations with Tennessee’s three major pro sports teams:

Tennessee Titans Betting

Hoping for a physical BetMGM sportsbook lounge at Nissan Stadium? It’s not going to happen, unfortunately. Not only does the league prohibit on-site betting lounges at NFL stadiums, but Tennessee also doesn’t allow sports betting at physical locations. That didn’t deter BetMGM from entering into a partnership agreement in September 2020.

Memphis Grizzlies Betting

Being one of the first sportsbook operators in the Volunteer State gave FanDuel an enormous advantage when it came to aligning with one of the state’s pro sports teams. And sure enough, on Nov. 3, 2020, the DFS giant announced a multi-year partnership with the Grizzlies; WynnBET became the team’s second betting partner in May 2021.

Nashville Predators Betting

The Grizzlies aren’t the only team in the state with multiple sports betting partners. Fresh off inking a deal with DraftKings to be the team’s official DFS provider and sports betting operator, Nashville added Bally’s into the mix in October 2021. Bally’s big add: a free-to-play game in which Predators fans can win team-themed prizes.

Tennessee Sports Betting Tax & Handle

Tennessee legislators and sportsbook operators alike had hoped to open the door to legal sports wagering in time for the start of the 2020 football season, but it was not to be. Still, Tennessee was able to get things together with plenty of gridiron action left, resulting in a respectable 2020 take and a strong start to 2021.

Here’s a look at Tennessee’s monthly sports betting handle beginning in 2020:

2020

MonthHandle
November        $131 million
December        $181 million
Total$312 million

2021

MonthHandle
January        $211 million
February        $176 million
March        $206 million
April        $172 million
May        $161 million
June        $175 million
July        $145 million
August        $145 million
September        $257 million
October        $375 million
November        $366 million
December         $342 million
Total$2.6 billion

2022

MonthHandle
January        $386 million
February        $313.3 million
March        $370 million
April        $292.8 million
May        $262 million
June        $216 million
July        $182.8 million
August        $205.9 million
Total$2.22 billion

Tennessee impressively held steady from a handle perspective between April and August 2021, then used the momentum of the return of football to post back-to-back records in October and November. Those fell to a sensational January showing in which Tennessee pulled in $386 million in handle, generating $5.8 million in taxes.

Tennessee has one of the higher tax rates at 20 percent of gross gaming revenue. It’s also worth noting that the state has issued a mandatory annual hold rate of 10 percent on every sportsbook – the only state that has enforced such a provision.

Tennessee Sports Betting FAQ

Can I legally wager on sports in the state of Tennessee?

Yes! Sports betting officially began in Tennessee on Nov. 1, 2020, with BetMGM, FanDuel, DraftKings and Tennessee Action 24/7 all going live.

Am I permitted to bet in Tennessee even if I don’t live there?

You can create an account, deposit, make bets and withdraw using any regulated mobile sports betting app in Tennessee, as long as you are within state borders. Be sure to complete all of your transactions before you leave, however; once you’re outside the state, you will no longer be able to access your account(s).

Can I use online sportsbooks that aren’t partners of the sports venue I’m in?

You certainly can! Any regulated mobile sports betting app should work in whatever Tennessee-based sports venue you’re in at that time.

Which Tennessee sportsbook should I use?

Check out our list of the top-rated Tennessee sportsbooks above!

Can I bet on any Tennessee-based team?

You can wager on any Tennessee-based pro sports team, as long as sportsbooks are offering odds. You’re also permitted to bet on Tennessee-based collegiate teams, though betting on college player props is prohibited.

Can I bet on esports in Tennessee?

Yes! Tennessee lawmakers specifically included esports language in their sports betting legislation. However, all events must first be approved by the Tennessee Education Lottery Corporation before Tennessee sportsbooks can post odds and take bets.

How big is the Tennessee sports betting market?

Tennessee is one of the larger markets in the U.S. among states with legal sports betting, ranking 15th overall in population at 7 million people (2022 estimate). It is also growing at one of the fastest rates in the country, having seen 10.2 percent growth since the 2010 census (18th-highest in the U.S.)

Who is responsible for overseeing sports betting in Tennessee?

The Tennessee Sports Wagering Advisory Council has jurisdiction over sports betting in the state. You’ll find plenty of information on the website, including applications for license renewal and dispute resolution.

Will there be more online sportsbook operators in Tennessee in the future?

Yes – in fact, a handful of sportsbooks have already been approved and are likely to go live soon. That list includes Fubo Sportsbook, Bally Bet and Gamewise (Betly). You can also expect major players like FOX Bet and PointsBet to enter the market at some point.