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.
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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21+. Gambling can be addictive, please play responsibly
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.
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.
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.
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.
bet365 is one of the largest and most popular sportsbooks globally. With a well-received mobile app, popular same-game parlays, and a wide variety of sports leagues to bet on it’s no wonder 80 million sports bettors worldwide continue to use bet365.
Online since: 2015
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.
With a large variety of ongoing promos and contests featuring Barstool personalities, Barstool Sportsbook is a solid option available for casual bettors.
While this book won’t wow you with its design, you won’t find many apps easier to navigate – or with the sheer volume of sports markets Betway offers. And although you'll find more generous signup offers elsewhere, Betway remains a strong global sports betting brand that deserves to be mentioned among the second-tier sportsbook options in the U.S.
Here are the top bonuses and signup offers available in Tennessee:
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 bet credit
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 bet credit 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 CreditsPlatinum: 5,000 – 14,999 Tier CreditsDiamond: 15,000 – 24,999 Tier CreditsDiamond Plus: 25,000 – 74,999 Tier CreditsDiamond Elite: 75,000+ Tier CreditsSeven 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.
New users of FanDuel Sportsbook that bet $5 get $150 in bonus bets guaranteed. All they have to do is make a first-time deposit of $10 on the platform, then place their first real-money wager on any FanDuel market. What makes the FanDuel promo code bonus stand out from its competitors’ offers is the fact that it's guaranteed if the bet wins or loses.
New users will receive their $150 in bonus bets within 72 hours.
New customers to BetMGM are eligible for up to $1,000 back in bonus bets when they sign up for an account.
For this bonus 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.
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.
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.
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.)
|Launch Date||Nov. 1, 2020|
|# of Betting Sites||11|
|Online Sports Betting||✅ Yes|
|Retail Sports Betting||✅ Yes|
|Online Casino||❌ No|
|Retail Casino||❌ No|
|? College Sports Betting||✅ Yes|
|? 2022 Population (est.)||7.05 million|
|? 2021 Betting Handle||$2.6 billion|
|? Tax Rate||20 percent|
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.
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.
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.
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.
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.
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.
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.
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.
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:
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!
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:
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.
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.
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.
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).
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.
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):
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.
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:
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.
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.
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 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.
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.
Yes! Sports betting officially began in Tennessee on Nov. 1, 2020, with BetMGM, FanDuel, DraftKings and Tennessee Action 24/7 all going live.
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).
You certainly can! Any regulated mobile sports betting app should work in whatever Tennessee-based sports venue you’re in at that time.
Check out our list of the top-rated Tennessee sportsbooks above!
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.
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.
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.)
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.
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.