Skip to main content

There are no retail sportsbooks bettors will find in Tennessee, but 11 online sportsbooks — including DraftKings, FanDuel, and Caesars — are fighting for your business. 

Top Tennessee sports betting promos

#1

Bet $5, Win $150 in Bonus Bets

Features

  • Top-tier app experience.
  • Same Game Parlays and SGP+.
  • Extensive promos and odds boosts.

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.

Features

#2

$1,000 First Bet on Caesars

Features

  • Earn Caesars Rewards from betting activity.
  • Live streaming of NFL games.
  • User-friendly mobile app.
Bet Now

Caesars Sportsbook 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.

Features

#3

Bet $100, Get $100 (x10 Days)

Features

  • Live in 13 states
  • Extremely powerful brand history and recognition
  • FanCash reward system is great for sports fans

Fanatics Sportsbook Review

Fanatics Sportsbook has launched its app in a dozen states already, with plans to expand to more in the near future. Fanatics is poised to be a major player in the sports betting industry.

Features

#4

Bet $5, Get $150 in Bonus Bets

Features

  • Some of the best live-betting odds.
  • Casino Operator of the Year in 2021 and 2022.
  • Earn MGM Rewards from betting activity.
Bet Now

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.

Features

Affiliate Disclosure: Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site.

21+. Gambling can be addictive, please play responsibly

Tennessee sports betting promos quick facts

🚀 TN apps launch dateNovember 2020
➡️ Legal betting age21+
🥇 Best TN bonusFanDuel - Bet $5, Win $150
📱 Sports betting apps11 (2 pending)
🤔 Do promos require codes?Sometimes
🤔 Can you withdraw bonus funds?No
🎰 Online casinosNo
🃏  Online pokerNo
🏆 Biggest TN bonusUp to $1,000 first bet on Caesars
☎️ TN problem gambling hotline1-800-889-9789
🧑‍🤝‍🧑 Gambling addiction counselingYes
🔔 TN regulatorTennessee Sports Wagering Advisory Council

All Tennessee sportsbook promo codes

Of Tennessee’s 11 online sportsbooks, only BetMGM, Caesars, and SuperBook require a promo code to be punched in at the first deposit to redeem its welcome bonus. Most of the other active operators in the state boast sign-up offers valued at hundreds, if not thousands, of dollars. The welcome promotions come in three types:

  • Deposit match bonus
  • First bet insurance
  • Bonus bets

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 🏆Promo code ✅Welcome bonus 💰
⭐Action247Get400100% Deposit Match up to $400
⭐BetMGMSBRBONUSBet $5, get $150 in bonus bets
⭐Caesars       SBRBONUS1000$1,000 first bet on Caesars
⭐SuperBookSUPERBOOK$250 first bet bonus
⭐BetlyNo code required$250 first bet insurance
⭐DraftKingsNo code requiredUp to $1,000 No Sweat first bet
⭐ESPN BETNo code requiredGet $100 in bonus bets
⭐Fanatics SportsbookNo code requiredBet $100, get $100 in bonus bets (x10 days)
⭐FanDuelNo code requiredBet $5, win $150 in bonus bets
⭐Hard RockNo code requiredNo Regret First Bet up to $200
⭐WagrNo code requiredReferral program

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 welcome offer of $150 in bonus bets with any winning wager of $5 or more. No FanDuel promo code is required.

  1. Register and download the mobile app to make your first deposit of at least $10.
  2. Place your initial $5 wager on any sports market.
  3. If your bet wins, you'll earn $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.
ProsCons
✅ Low-risk offer❌ Must claim bonus in app 
✅ Can break up bonus into smaller bets❌ Bonus bets expire quickly

What does the promo mean for you?

This promo means new Tennessee players can obtain $150 in bonus bets from FanDuel if they place a $5 first wager on any market and it's settled as a winner. If your first bet loses, you won't receive any bonus bets.

How much money can be earned with the promo?

The amount of real cash that can be earned with the FanDuel promo depends on multiple factors. For example, if you choose to wager the entire reward on an underdog pick and win, you'll garner a nice chunk of change. If your picks keep losing, though, your bonus won't amount to much in terms of real cash. 

Why is this bonus better than others?

While it's not as large of a potential bonus as BetMGM's offer, FanDuel's reward is great for new bettors since it only requires a $5 initial risk. If you win, you get your profits and the bonus bets. If you lose, you only risked $5. 

Screenshot of the FanDuel Sportsbook app for Android. 
FanDuel Android App

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 No Sweat first bet of up to $1,000. No Draftkings promo code is required.

  1. You must deposit a minimum of $5 and bet at least $1 on any market
  2. If your bet loses, you'll be issues a single bonus bet refund in the same amount
  3. Maximum bonus bet amount is $1,000
  4. Bonus bet cannot be cashed out and expires in seven days.
ProsCons
✅ High maximum value❌ First bet must lose to qualify
✅ Only $5 initial wager necessary❌ Bonus bets will expire in seven days
✅ Easy to read terms and conditions

What does the promo mean for you?

This DraftKings promo is a simple first-bet insurance deal. Any initial qualifying wager of $1 or more is protected against an unlucky loss. If your bet doesn't win, you'll get a bonus bet refund for the same amount, up to the $1,000 maximum. 

How much money can be earned with the promo?

Your total earnings depend entirely on how your bets turn out and what odds you placed them at. If your first bet wins, you'll receive no bonus funds at all. If it loses, you'll get a second chance. Keep in mind that winning wagers made with bonus bets do not include the bonus stake amount in the payout. 

Why is this bonus better than others?

Most TN sportsbook promos keep their bonus amounts in the $100 to $250 range. DraftKings is splashing around a much larger number than most of the competition, even though this bonus is a bit harder to take full advantage of. 

Screenshots of the DraftKings Sportsbook iOS app.
DraftKings iOS app

BetMGM TN welcome offer 🦁

BetMGM Sportsbook’s efforts to woo new players to their Tennessee online sportsbooks and sports betting app is via a bet $5, get $150 in bonus bets offer. Use the BetMGM bonus code SBRBONUS to claim this sign-up offer that offers guaranteed bonus funds.

  1. A $10 minimum deposit is required
  2. A qualifying real-money wager of $5 or more is needed.
  3. Win or lose, you will be credited with $150 in bonus bets.
  4. Bonus bets are split into six (6) $25 pieces.
  5. Bonus bets cannot be withdrawn as cash and expire in seven days.
ProsCons
✅ Low minimum deposit❌ Bonus bets not flexible
✅ Small initial risk of only $5❌ Quick expiration date on bonus
✅ First bet can win or lose

What does the promo mean for you?

This promo is simple. Just make any first bet of $5 or more on BetMGM, and you'll earn $150 in bonus bets, regardless of how your initial wager results. That's right; you can claim this bonus, win or lose. 

How much money can be earned with the promo?

On paper, this bonus is worth $150. However, since you can't withdraw those funds as cash, you have to use them to make additional wagers. The total amount of money you earn is, therefore, based on what wagers you use your bonus bets on, the odds of those bets, and whether they win or not.

Why is this bonus better than others?

This bonus is terrific for everyone, but especially new bettors or those starting with a small bankroll. Since you only have to risk $5 to snag these bonus bets. Even if your $5 first bet loses, you'll have $150 in bonus bets to work with.

Screenshot of BetMGM Sportsbook app on Android.
BetMGM Android App

Caesars TN welcome offer 🏛

 Caesars online sportsbook and sports betting app continues to be aggressive in their marketing approach to Tennessee’s new players. Their current welcome offer consists of a $1,000 first bet on Caesars. The Caesars Sportsbook promo code SBRBONUS1000 is required at the time of first deposit.

  1. New users can sign up in TN using promo code SBRBONUS1000.
  2. Make your initial deposit of $10 or more.
  3. Place a qualifying wager within 30 days of registration on any sports market.
  4. If your bet loses, you'll get your money back, up to $1,000, as a single bonus bet.
  5. You must use the bonus bet within 14 days, or it will expire.
ProsCons
✅ High value bonus❌ ❌
✅ No market or odds restrictions❌ Bonus bets expire quickly

What does the promo mean for you?

New users in Tennessee can earn the $1,000 first bet on Caesars. If your bet loses, you'll get your money back, up to $1,000, as a single bonus bet.

How much money can be earned with the promo?

The amount of money you can earn from this promo depends on how your use your bonus bets. If you pick winners, you can potentially cash out a decent chunk of change. However, if your bonus bets are used to make losing bets, you'll get nothing.

Why is this bonus better than others?

The $1,000 in bonus bets is one of the highest dollar value in guaranteed bonus bets of any TN online sportsbook. Only BetMGM offers a higher total potential bonus. 

Screenshot of Caesars Sportsbook for Android. 
Caesars Android App

How we rate and review sports betting promotions

Our 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 12 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 insurance?

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 in order to fully. Some welcome offers are great for novice gamblers who prefer low-stakes entertainment. Others, like Caesars, are better for experienced bettors who can easily handle a four-figure losing bet.

Types of Tennessee betting sign-up offers and bonuses

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.

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 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.

Bonus bet

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 BetMGM, 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 $150 in bonus bets. Sometimes, you must win a first wager to unlock the bonus bets. Also, bonus bets could be distributed as a single wager or in small increments. At BetMGM, $150 in bet bonuses are chopped into six (6) $25 increments.

First bet insurance

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, Caesars often uses a $1,000 first-bet insurance offer. You can wager up to $1,000 on a first bet, and if it fails, they will credit your account back with $1,000 in bonus bets. In most cases, you don't earn any bonus funds if your first bet ends up winning.

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 unlimited sports betting licenses to award interested operators. The state started 2022 with 11 online sportsbooks but has since lost (TwinSpires) and gained (Fanatics) one. However, the 11 active sports betting apps could have more operators join them shortly as BallyBet and ZenSports are in the pipeline, ready for launch and application approval.

Note: WynnBET closed operations in the state on Aug. 11, 2023.

Tennessee online and mobile sportsbooks

TN sportsbookBest known for
Action247Tennessee-based company
BetlyLive betting
BetMGM“King of Parlays”
CaesarsCaesars rewards points
DraftKingsIndustry leader in sports betting
ESPN BETPersonality-driven promotions
Fanatics SportsbookFanCash reward system
FanDuelLeading mobile app
Hard RockLimited video streaming
SuperBookWide range of betting markets
WagrSocial betting

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 sportsbook bonus FAQs

What’s the best sports betting bonus in Tennessee?

After reviewing all 11 online sportsbooks, while knowing the term best is subjective to the individual, we think FanDuel's offer of bet $5, win $150 in bonus bet credits is a terrific bang for your buck, requiring the least amount of initial risk.

Which verified Tennessee sportsbook promos are the best value?

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.

How old do I need to bet on sports in Tennessee?

You must be at least 21 to wager at Tennessee online sportsbooks and sports betting apps.

Do all Tennessee sportsbooks provide sports betting promo codes?

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.

What are the playthrough requirements on legal online sportsbooks in Tennessee?

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.

How many sign-up bonuses can I claim in Tennessee?

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.