Tennessee Sports Betting Promos: $5,100+ in Bonuses for May 2026

Other Tennessee sportsbook promo codes

Of all Tennessee’s online sportsbooks, only BetMGM and Caesars require a promo code. These three sportsbooks, as well as most of the other active operators in the state, boast sign up offers valued at hundreds, if not thousands, of dollars. Most of these TN sportsbook promos come in three types:

• Deposit match bonus
• First bet offer
• Bonus bets

We recommend reading each online sportsbook's terms and conditions, as every promo has certain requirements you must meet before bonus funds will be added to your account.

1. Why Fanatics has the best Tennessee sportsbook promo 🧢

Fanatics Sportsbook only emerged after a major business deal between Fanatics (an online sports apparel company) and PointsBet (an Australian-based sportsbook). The result was a total rebranding of PointsBet's U.S. business assets, leading to Fanatics Sportsbook officially launching in late 2023.

Now, Fanatics is making a run at the more established industry brands, attempting to claw out some market share with a slick mobile app, competitive pricing, and a choice of multiple great welcome bonuses.

Fanatics is serving up customers in Tennessee a generous 'Up to $1,000 in FanCash Bet Matching' welcome bonus. There's also an alternate offer of bet $20, get $350 in FanCash (sequenced over seven days). You won't need a Fanatics promo code to redeem either offer. 

Up to $1,000 in FanCash Bet Matching

The primary Fanatics offer is distributed as 10 x $100 daily bet matches. All you have to do is make an initial deposit of $10. Then place a qualifying wager of at least $1 with odds of -200 or higher. Win or lose, you're eligible for a matched stake bonus (via FanCash) of up to $100.

You can continue opting in daily for 10 straight days to earn up to $1,000 in FanCash.

FanCash can be redeemed for Bonus Bets at Fanatics Sportsbook, or towards buying merchandise at Fanatics.com. All FanCash expires after seven days. If you use FanCash to obtain Bonus Bets, the Bonus Bets also have a seven-day expiry window. 

Bet $20, Get $350 in FanCash (Over 7 Days)

The secondary offer is a bet $20, get $350 in FanCash welcome bonus. Just deposit at least $10 into your account and make a wager of $20 or more with minimum -500 odds after opening your account. As long as you opt in each day for the first seven days after setting up your account, you'll collect the full $350 in FanCash (seven days x $50 each), win or lose.

Why this Fanatics bonus is better than others

Simply put, the Fanatics bet match is a great way to earn some bonuses on top of your normal betting. As long as you opt-in and place a $20+ wager with odds of -500 or longer, you'll receive $350 in FanCash, regardless of whether your bet wins or loses.

2. FanDuel TN welcome offer 🔵

FanDuel’s app store ratings are among the best in the Tennessee market. So, in addition to an elite user experience on its sports betting app, new players can claim a generous welcome offer: bet $5 and get $150 in Bonus Bets if you win. No FanDuel promo code is required.

1. Register and download the mobile app to make your first deposit of at least $5.
2. Place your initial $5 wager on any sports market.
3. Win and you'll get $150 in Bonus Bets.
4. You will receive the bonus bets within 72 hours of placing your qualifying wager.
5. The bonus bets must be used within seven days, or they will expire.

Why this FanDuel bonus is better than others

If you win the $150 in Bonus Bets, they are extremely flexible and can be used in any amount you want. You don't have to use them all on a single bet, nor are they tied to any specific denomination. Spread them around however you like. Just remember to use them all before they expire. 

3. Caesars TN welcome offer 🏛

Caesars' online sportsbook and sports betting app continue to be aggressive in their marketing approach to Tennessee’s new players. Its current welcome offer is bet $1, and get ten 100% Profit Boost Tokens, which you can use to double your winnings on future bets. The Caesars Sportsbook promo code SBRBONUSDYW is required at the time of first deposit.

1. Use the bonus code SBRBONUSDYW when signing up to claim the bonus.
2. Minimum deposit of $10 required.
3. Make your first cash wager of $1 or more.
4. Win or lose, Caesars will credit your account with ten 100% Profit Boost Tokens.
5. Apply Tokens to future wagers to double your profits if your bet wins.
6. Max. bet per Token is $25; Max. additional winnings per Token is $2,500.
7. Tokens have no cash value and expire after 14 days.

Why this Caesars bonus is better than others

The best part of this Caesars bonus is that it's not dependent on your first bet winning or losing. Just bet $1 or more and then receive ten 100% Profit Boost Tokens. The true value in this bonus lies in how you use those Tokens. If you apply them to some smart bets and win more than you lose over ten chances, your profits could soar. 

4. BetMGM TN welcome offer 🦁

BetMGM Sportsbook’s efforts to attract new players to its Tennessee online sportsbooks and sports betting app include a generous welcome bonus bet. Use our BetMGM bonus code SBRMGM to claim this sign-up offer, which can protect your first bet up to $1,500.

1. A $10 minimum deposit is required.
2. A dollar-for-dollar bonus bet amount is guaranteed, up to $1,500.
3. First bet must lose for bonus bets to be released.
4. First bet losing wagers of $49 or less will be paid out in a single bonus bet.
5. First bet losing wagers of $50-or-more will be paid out in five 20% increments.
6. A $1,500 first bet loss would earn five (5) $300 bonus bets.
7. For a limited time, you'll also get $50 of BetMGM Rewards Points.
8. There is a seven-day expiration on bonus bets acquired.
9. Bonus bets cannot be redeemed for cash.

Why this BetMGM bonus is better than others

When it comes to first-bet offers, BetMGM leads the pack. Other sportsbooks offer similar terms, but no one matches BetMGM's maximum dollar value of $1,500. For experienced bettors or those with larger bankrolls, being able to make a large first bet, knowing you'll get a rebate if it loses, is extremely attractive. 

Even though my bankroll didn't support a $1,500 first wager, I found the BetMGM bonus simple to understand and claim. I made a $50 bet that the Titans would cover the spread, and they let me down (as expected). BetMGM quickly added five $10 bonus bets into my account, giving me multiple chances to win my money back. 

5. bet365 TN welcome offer 🟢

Tennessee players have another sportsbook to choose from, as bet365 launched in the Volunteer State in March 2025. New players in Tennessee can grab a bet $10 and get $200 in bonus bets, win or lose welcome promo, without needing a bet365 bonus code.

1. Register at bet365 Tennessee using our exclusive links.
2. A $10 minimum deposit is required.
3. You can only claim the bet365 welcome promo in the mobile app.
4. Place a qualifying bet of $10 or more to get $200 in Bonus Bets (min odds of -500 or greater).
5. The bonus bets can be used all at once or split into smaller chunks.
6. There is a seven-day expiration on bonus bets acquired.
7. Bonus bets cannot be redeemed for cash.

Alternatively, you can claim a different new-player promo: an up to $1,000 First Bet Safety Net. With this offer, you get your money back (up to $1,000) if your first qualifying wager loses.

Why this bet365 bonus is better than others

The best thing about bet365's welcome promo is its simplicity. Unlike similar promos that require your initial bet to win (or lose), bet365 credits you with $200 in bonus bets no matter the outcome of your wager. 

I also appreciate that bet365 gives you a choice between two very good bonuses. If the guaranteed bonus bets don't interest you, you can go with the First Bet Safety Net instead and make a big initial wager without worrying about losing your stake.

Odds correct at time of publishing.

6. DraftKings TN welcome offer 👑

DraftKings has carved out a solid market share in Tennessee since launching in November 2020. However, they are still being aggressive in an effort to attract new players. The current sign-up bonus at DraftKings TN is a bet $5 or more and get $100 in bonus bets instantly offer. No DraftKings promo code is required.

1. You must deposit a minimum of $5 and wager at least $5 on any market.
2. Min. -500 odds required.
3. You will receive $100 in bonus bets, whether or not your first bet wins.
4. The bonus is awarded as Four (4) x $25 Bonus Bets and cannot be split further.
5. You can’t withdraw bonus bets as real cash.
6. Bonus bets will expire seven days (168 hours) after being awarded, if unused.

Why this DraftKings bonus is better than others

Some people might second-guess this DraftKings bonus for its $100 value, which is admittedly lower than the likes of BetMGM. However, I actually prefer the DraftKings welcome offer for one simple reason: low cost of entry.

You only have to put up $5 to qualify for this bonus. Additionally, DK is the only major sportsbook that lets you take advantage of two welcome bonuses, the other being a 20% deposit match, up to $1,000.

GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit MA Gambling Helpline (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY).

Please Gamble Responsibly. 888-789-7777/visit http://ccpg.org (CT), or visit http://www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR).

21+ and present in most states. (18+ DC/KY/NH/PR/WY). Void in NH/OR/ONT/PR. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings customer. $5+ first-time bet req. Max. $100 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Terms: sportsbook.draftkings.com/promos. Ends 5/31/26 at 11:59 PM ET.

Tennessee sports betting promos summary

How we rate and review sports betting promotions

Our editorial team is helping educate new Tennessee sports bettors on the ins and outs of the best online sportsbooks through independent, thorough reviews of all nine operators.

However, our team of experts also applies similar grading philosophies when rating and reviewing sports betting app promotions. This step is where reading the fine print can be used to ensure you are earning the best bang for your welcome bonus buck. Here is what our experts concentrate on before rating a sportsbook’s welcome promotion.

• What is the minimum and maximum value of the sign-up offer?
• Is the welcome promotion guaranteed just by making a first deposit or wager?
• Does the welcome bonus require a promo code at the time of the first deposit?
• How much do new players deposit to unlock the welcome promotion?
• What are the terms and conditions of the welcome bonus?
• Are there playthrough requirements to request a withdrawal of funds from an account wallet?
• What the expiration date is after acquiring bonus funds and First Bet Offer?

Not all welcome bonuses are created equal. Some only require a minimal risk, as low as $5, while others need you to lose a large first bet to fully capitalize. Some welcome offers are great for novice gamblers who prefer low-stakes entertainment. Others are better for experienced bettors who know how to maximize their winning potential.

Types of Tennessee betting sign-up offers and bonuses

In the wake of vast sports betting legalization in many American states recently, operators appear to be sticking with what works and categorizing sign-up offers and welcome bonuses into three basic categories: the deposit match bonus, bonus bets, and, most popular, First Bet Offer. Below is a detailed explanation of each promotion and how operators use them to earn your business.

Deposit match bonus

If an operator offers a deposit match welcome bonus, jump on it, as they are a rarity these days. Deposit match bonuses are typically a percentage of your first deposit, up to a specific amount. For example, a 100% deposit match up to $500 would require an initial deposit of $500 and double your account funds to $1,000. A 50% deposit match would take an $800 first deposit and add $400 in bonus funds, bringing the bankroll total to $1,200 to start.

Bonus bet

Bonus bets have risen to prominence over the past year or so. Many of the best TN sportsbooks offer some form of a 'bet & get' deal. This type of offer has proven extremely popular among new bettors, and for good reason. 

These bonuses normally require only a minimum deposit ($10 or less) and a small real money wager of $5 or $10. After that, your account is credited with a chunk of bonus bets, normally in the $100 to $200 range. 

You can't withdraw these bonus bets as cash. Instead, you must use them to make additional wagers. That gives you extra chances to make some profit while you get familiar with a new sportsbook platform. Just watch out for any extra conditions, like needing your first bet to win in order to qualify, or how quickly your bonus bets expire. 

First bet offer

The most common sign-up offer for new players in Tennessee is First Bet Offer. This type of bonus benefits both the player and operator as there is a chance no welcome bonus funds are awarded should the player win their first wager.

In other cases, operators will stake one’s account up to a specific amount of the first bet when a first bet loses. For example, BetMGM uses a $1,500 first bet offer offer. You can wager up to $1,500 on a first bet, and if it fails, they will credit your account back with $1,500 in bonus bets. In most cases, you don't earn any bonus funds if your first bet ends up winning.

It's important to note that these bonuses are not withdrawable until they've been played through at least once. Make sure to read the terms and conditions to know exactly what is required.

No deposit bonus

A no deposit bonus is becoming increasingly rare, with most sportsbooks now requiring at least a minimal real money deposit or a small first wager to qualify for any potential bonuses. However, no deposit bonuses still come around every once in a while. They are typically not very valuable, overall, but you can claim them with absolutely zero risk, since they don't even require you to add funds to your sportsbook account or make any bets. 

Referral bonus

Sportsbooks frequently offer more than just welcome bonuses. A common promotion is to hand out referral bonuses to existing players who can recruit their friends to sign up for the first time.

You'll get a unique code or link to send out. If someone makes a new account and a first-time deposit using that link, you'll earn a small reward — usually a $10 to $100 bonus bet or cashback equivalent. Check out our best sportsbook referrals page for more information on how to claim these bonuses.

Tennessee online sportsbooks

With no retail sportsbooks in the state, Tennessee is unique in that the Sports Wagering Advisory Council currently has the authority to award unlimited sports betting licenses to interested operators. The state started 2024 with 12 online sportsbooks but has since lost three (TwinSpires, WynnBET, and SuperBook) and gained another (Fanatics). However, the current active sports betting apps may attract more operators to join them shortly.

Tennessee online and mobile sportsbooks

Tennessee betting resources

You might be confused if you’re new to sports betting and first stumbled upon this Tennessee sportsbook promos page. This page is just one of several Tennessee sports betting resources SBR’s editorial team published to help interested players make an educated decision. You’ll also want to check out each page below and start with Tennessee’s best sportsbooks and betting apps. Don’t forget to look into a full rundown of how various sports betting app bonuses work and our deep dive review of the best TN online sportsbook: FanDuel.  

Sports betting by category

It doesn't matter what sport or league is your favorite; there's a great sportsbook bonus waiting for you at any number of legal and licensed sportsbooks in your state. Here's a list of the best sportsbooks by category, to make your decisions even easier:

Responsible sports betting with Tennessee promos

The Tennessee Sports Wagering Advisory Council (SWAC) replaced the Tennessee Education Lottery as the governing body of sports betting in the state back in January 2022. In addition to reviewing applications, issuing licenses, enforcing laws, and performing regular audits of sports betting site operators, the SWAC is also a problem gambling liaison.

The council works with the state’s Mental Health and Substance Abuse Services department to help those struggling with responsible gambling.  

Treatment options are available via an in-person meeting or telehealth video conferencing.

For more information, you can contact:

Dr. James Whelan, Executive Director, The Gambling Clinic  
The University of Memphis, Department of Psychology
(901) 678-3736
jwhelan@memphis.edu

The SWAC also provides individuals with resources to help identify problem gambling. Operators do their part by limiting sports betting app session times and allowing players to set a bankroll budget over a specific period so they don’t risk more than they can afford.

The Tennessee REDLine can be reached 24/7 via phone or text at 1-800-889-9789

National U.S. gambling helpline: 1-800-GAMBLER

Tennessee legal sports betting news updates

May 2026

-Fanatics updates its sportsbook welcome bonus in Tennessee. New users can now choose between up to $1,000 in FanCash Bet Matches OR a 'bet $20, get $350 in FanCash (sequenced over 7 days) offer.

-FanDuel switches up its sportsbook welcome bonus in Tennessee. New users can now get $150 in bonus bets if their first bet of $5+ wins.

April 2026

-Hard Rock Bet switches its TN welcome bonus, now offering all new customers a 'Bet $5, Get $150 in Bonus Bets If You Win' deal. 

-Tennessee lawmakers have passed a bill that aims to ban sweepstakes casinos, after some last-minute debate and late revisions. With agreements from both the House and the Senate, the bill now moves to the formal enrollment stage before heading to Gov. Bill Lee's desk for a final signature.

-Fanatics updates its sportsbook welcome bonus in Tennessee. New users can now get up to $1,000 in FanCash Bet Matches or a bet $20, get $350 over 7 days offer.

-FanDuel and DraftKings both make changes to their TN welcome bonuses after the end of the March Madness tournament.

March 2026

-Tennessee bettors get an updated bet365 sportsbook welcome bonus: Bet $10, get $365 Win or Lose.

Sportsbook promos and bonuses in other regions

The legal status of sports betting varies from state to state. That means you'll find different sportsbooks with a variety of different promos (or none at all) depending on which state you're in. See our legal sports betting state tracker for information on all 50 U.S. states.

Sportsbook promos & bonuses in legal U.S. states

Sportsbook promos & bonuses in international regions

Canada Sportsbook promos