The best promo codes and deposit bonuses available at TN sportsbooks.
There are no retail sportsbooks bettors will find in Tennessee, but 11 online sportsbooks are fighting for your business. So, sign-up offers are widely available to new players and veteran bettors alike. This guide will highlight the best betting offers, promos, and bonuses and how the promos from the top five Tennessee sports betting platforms benefit your bankroll.
If your first qualifying wager loses, Caesars will credit you a bet credit equal to the value of your first wager up to $1,250, plus get 1,000 Tier Credits and 1,000 Reward Credits® win or lose. Check out our resource for the latest Caesars promo codes.
If your first qualifying bet loses and it is in an amount greater than $50, you will receive five (5) bonus bets back in equal denominations of 20% of the total amount of the qualifying bet up to $1,000.
New users to FanDuel are eligible for a No Sweat First Bet of up to $1,000 in bonus bets. All you have to do is sign up and make a first deposit of at least $10. If your first bet loses, FanDuel will give you bonus bets equal to the amount of the first bet. The bonus bets will expire 14 days after being issued. Check out our resource for the latest FanDuel promo codes.
New customers with DraftKings can place an initial deposit and wager of $5 or more on any pre-game moneyline to receive $150 in bonus bets should they win. The reward will be delivered as six (6) $25 bonus bets that are non-withdrawable, non-transferable, non-refundable, and will expire after seven days. Check out our resource for the latest DraftKings promo codes.
The offer is available until May 28, 2023.
Gambling Problem? Call 1-800-GAMBLER
Barstool Sportsbook offers a $1,000 new player bonus for new users. Check out our resource for the latest Barstool Sportsbook promo codes.
SuperBook offers new players in 100% First Bet Bonus of up to $1,000.
The offer most players will find at WynnBET is a paltry $100 bet & get. Their offers vary by state, so read our full review for more info. Check out our resource for the latest WynnBET promo codes.
Since you bet against your friends and not the sportsbooks, there is currently no welcome bonus at Wagr.
Hard Rock offers what they call a No Regret First Bet of up to $1,000 for new customers. Deposit $10 or more, then place your first bet of at least $100. If that bet loses, you'll receive your money back as bonus bets equal to the initial bet amount. The bonus bets expire after seven days.
|🚀 TN apps launch date||November 2020|
|➡️ Legal betting age||21+|
|🔔 TN regulator||Tennessee Sports Wagering Advisory Council|
|🥇 Best TN bonus||DraftKings - Bet $5, win $150|
|📱 Sports betting apps||11|
|🤔 Do promos require codes?||Sometimes|
|🤔 Can you withdraw bonus funds?||No|
|🏆 Biggest TN bonus||Up to $1,250 on Caesars|
|☎️ TN problem gambling hotline||1-800-889-9789|
|🧑🤝🧑 Gambling addiction counseling||Yes|
Of Tennessee’s 11 online sportsbooks, only Caesars requires a promo code to be punched in at the first deposit to redeem its welcome bonus. The other ten active operators in the state boast sign-up offer valued at hundreds, if not thousands, of dollars. The welcome promotions come in three types:
Each of these bonuses does possess the possibility of adding value to your sportsbook wallet. Still, the catch is bettors must meet certain requirements before credits are applied to your account or before you can request a withdrawal. This is why it’s imperative to review each online sportsbook’s sign-up offer terms and conditions before registering a new account because the last thing you want is a surprise after placing a bet slip.
|TN online sportsbook||Welcome bonus||Promo code|
|Action247||100% Deposit Match up to $400||Get400|
|Barstool Sportsbook||$1,000 first bet insurance||✅ No code required|
|Betly||$250 first bet insurance||✅ No code required|
|BetMGM||Up to $1,000 paid back in bonus bets||✅ No code required|
|Caesars||Up to $1,250 on Caesars||SBRFULL|
|DraftKings||Bet $5, win $150 in bonus bets||✅ No code required|
|FanDuel||No Sweat First Bet up to $1,000||✅ No code required|
|Hard Rock||No Regret First Bet up to $1,000||✅ No code required|
|SuperBook||100% up to $500||✅ No code required|
|WynnBET||Bet $100, get $100||✅ No code required|
|Wagr||Referral program||✅ No code required|
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 No Sweat First Bet up to $1,000. No promo code is required.
|First bet is insured against a loss||Can only receive bonus bets after loss|
|Allows new players to potentially be aggressive with the first bet||Available in app only|
This promo means new Tennessee players can earn up to $1,000 in bonus bets depending on how their first bet does. It allows new players to be more aggressive on their first bet knowing that FanDuel’s accounting team will stake their account up to the amount of their first bet should it lose.
If your first bet wins, you win the bet and will receive no bonus bets.
If your first bet loses, you will earn bonus bets equal to your first wager. For example, a $20 first bet that loses will mean you get $20 in bonus bets.
While it's not as large of a potential bonus as Caesars, there are no restrictions on how you use the bonus bets.
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, win $150 offer. No promo code is required.
|No promo code required||Bonus amount may not interest experienced bettors|
|Only $5 initial wager necessary||Bonus bets will expire in seven days|
|Easy to read terms and conditions on app|
|Good for new players|
This promo is great for new Tennessee players because of the low cost of entry. A $5 bet to possibly earn you $150 in bonus funds is a snappy way to build your new bankroll.
How much you can garner in future earnings depends on your success. The more of your bonus bets that win, the more profits you can collect and cash out via withdrawal.
DraftKings makes it easy for new players to chase $150 in bonus funds by requiring a measly $5 bet to win.
BetMGM Sportsbook’s efforts to woo new players to their Tennessee online sportsbooks and sports betting app is via first bet insurance paid back via bonus bets. No promo code is necessary for this sign-up offer that can protect you up to $1,000.
|Low minimum deposit||The first bet needs to lose for the player to earn a welcome bonus|
|Low risk first wager for new players||Quick expiration date on bonus|
|One of most valuable first bet insurance offers in TN|
It means new players can enjoy peace of mind that their first bet is protected up to $1,000. If they wager $100 on their first bet and lose, BetMGM will stake their account with $100 in five (5) $20 bets.
If your first bet following sign-up wins, bettors can earn no money via this promotion because you will not be awarded bonus bets.
If your first bet loses, future earnings depend on bet slip accuracy. For example, if you earn five (5) $200 bonus bets after your first $1,000 bet loses and all five bonus bets are ruled as losers, you would win no money. However, if you take any of those five (5) bonus bets and your wager wins, you get to keep all the profits moving forward.
Very few operators offer first bet insurance of $1,000 or more, plus BetMGM doesn’t force new players to risk all their bonus bets on a single wager.
WynnBET is relatively new to the Tennessee market after joining the party in April of 2021, and thus they are a little behind the eight-ball in attracting new players. However, they have a delicious sign-up offer in the form of a $100 bonus bet, and no promo code is required.
|The outcome of the first bet doesn’t impact bonus funds||$100 minimum deposit may be high for some|
|No promo code required||Minimum odds terms and conditions on first be|
|Bonus hits account within 24 hours||Short expiry on the bonus bet|
The promo means you can potentially double your bankroll if your first bet wins. If you wager $100 on your first bet, the $100 bonus you are credited to your account, plus a win, would allow you to keep all the profits of your first bet.
The total amount of money you can earn via the WynnBET promo is indefinite if you keep stringing together consecutive bets. After your first bet settles, WynnBET will credit your account with a $100 bonus bet in 24 hours. If you wager bonus bet funds on a single event at 3-to-1 (+300) odds and it wins, you get to keep the $300 in profits and keep that ball rolling. If your $100 bonus bet wager is on a 2-to-1 (+200) moneyline event and it loses, you will earn no money via this promotion.
The $100 bonus bet is acquired regardless of whether your first wager wins, loses, or draws. You still earn the $100 simply by placing the bet.
Caesars online sportsbook and sports betting app continues to be aggressive in their marketing approach to Tennessee’s new players. They offer a welcome offer of up to $1,250 in first bet insurance plus 1,000 Caesars Rewards points and 1,000 Caesar Reward Tiered Points. Promo code SBRFULL is required at the time of the first deposit.
|One of the most valuable welcome bonuses.||Only receive bonus if initial bet loses.|
|Only $10 minimum wager needed.||Bonus funds must be wagered on single bet.|
|Great for more veteran bettors.||Can’t withdraw as cash|
This promo is geared more toward veteran bettors, and it allows them to take greater risk on their first bet with the advantage of knowing Caesars will stake them up to $1,250 should that first wager lose. Novice players may find it challenging to use bonus funds on a single bet when hundreds, if not the total of $1,250, maybe on the line again.
You will earn no insurance bonus funds if you lose your first bet at Caesars online sportsbook or sports betting app.
However, if your first bet loses, you will earn up to $1,250 in first bet insurance. How much money you can make depends on your next bet because Caesars requires the entire bonus fund amount to be wagered on a single bet. So, if that wager loses, you won’t earn any money. If your bonus bet wins, you get to keep the profits of that and any subsequent wager that is ruled a winner. Bettors can’t withdraw the bonus funds themselves.
It’s the most lucrative first-bet insurance on the market today, and it also comes with 2,000 reward points that you can redeem for Caesars VIP experiences.
SBR’s editorial team is helping educate those new to Tennessee sports betting on the ins and outs of the best online sportsbooks via independent and thorough reviews of all 11 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 SBR’s editorial team concentrates on before rating a sportsbook’s welcome promotion:
In the wake of vast sports betting legalization in many American states recently, operators appear hell-bent on 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 insurance. Below is a detailed explanation of each promotion and how operators use them to earn your business.
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 take a $500 initial deposit and double your account funds to $1,000. A 50% deposit match, like at Action 24/7 in Tennessee, would take an $800 first deposit and kick in $400 in bonus funds for a bankroll total of $1,200 to start.
The bonus bet is more prevalent during pre-registration of states about to launch online sports betting, but you can still find some operators, like DraftKings, offering new players this sign-up offer.
An example of a bet bonus is when you make a minimum deposit of $10, and the operator provides $200 in bonus bets. Sometimes, you must make a first wager on any moneyline event to unlock the bonus bets. Also, bonus bets could be distributed as a single wager or in small increments. At DraftKings, $150 bet bonuses are chopped into six (6) $25 increments.
The most common sign-up offer for new players in Tennessee these days is first-bet insurance. 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, at Caesars, you can wager up to $1,250 on a first bet, and if it fails, they will credit your account back with $1,250 in insurance funds. Caesars awards no welcome bonus funds if your first bet wins and the promotion period is closed.
With no retail sportsbooks in the state, Tennessee is unique in that the Sports Wagering Advisory Council currently has unlimited sports betting licenses to award interested operators. The state started 2022 with 12 online sportsbooks but lost one when TwinSpires left the market. However, the 11 active sports betting apps could have three more operators join them shortly as BallyBet, BetFanatics, and ZenSports are in the pipeline, ready for launch and application approval.
|Mobile sportsbook & sports betting App||Best known for|
|Barstool Sportsbook||Personality driven promotions|
|BetMGM||“King of Parlays”|
|Caesars||Caesars rewards points|
|DraftKings||Industry leader in sports betting|
|FanDuel||Leading mobile app|
|Hard Rock||Limited video streaming|
|SuperBook||Wide range of betting markets|
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.
The Tennessee Sports Wagering Advisory Council 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.
For more information, you can contact:
· Dr. James Whelan, Executive Director, The Gambling Clinic
· The University of Memphis, Department of Psychology
· (901) 678-3736
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.
|Arizona sportsbook promos||Louisiana sportsbook promos||Ohio sportsbook promos|
|Arkansas sportsbook promos||Maine sportsbook promos||Oregon sportsbook promos|
|Colorado sportsbook promos||Maryland sportsbook promos||Pennsylvania sportsbook promos|
|Connecticut sportsbook promos||Massachusetts sportsbook promos||Rhode Island sportsbook promos|
|D.C. sportsbook promos||Michigan sportsbook promos||Tennessee sportsbook promos|
|Illinois sportsbook promos||Nevada sportsbook promos||Virginia sportsbook promos|
|Indiana sportsbook promos||New Hampshire sportsbook promos||Washington (WA) sportsbook promos|
|Iowa sportsbook promos||New Jersey sportsbook promos||West Virginia sportsbook promos|
|Kansas sportsbook promos||New York sportsbook promos||Wyoming sportsbook promos|
After reviewing all 11 online sportsbooks, while knowing the term best is subjective to the individual, FanDuel’s No Sweat First Bet combined with its industry-leading app ranks first among SBR’s editorial team.
With so many operators leaning on first bet insurance, which requires a first wager to be ruled a loser, you could strongly argue that Action24/7’s 100% deposit match bonus up to $400 is the best value because it’s guaranteed funds not attached to the result of a bet.
You must be at least 21 to wager at Tennessee online sportsbooks and sports betting apps.
No, not every Tennessee sportsbook online requires a promo code at the time of first deposit. Most sign-up offers are automatically credited to one’s account without the need to punch in a code. In other cases, the code is automatically applied during redemption.
Playthrough requirements at Tennessee’s legal online sportsbooks vary by operator. Before accepting any sign-up bonus or daily promotions within the app/site, read the terms and conditions first to ensure you understand what needs to occur before you can withdraw any future winnings.
New players can claim one sign-up bonus per online sportsbook. This rule means Tennessee bettors can enjoy up to 11 unique sign-up bonuses and promotions. Operators crack down on sign-up bonus fraud by limiting users to one account per person, so they request your social security number during the registration process.