Sports Betting in Tennessee
Online sports betting became fully legal in the state of Tennessee on November 1, 2020 and since then, Tennessee sports bettinghas grown to become one of the fastest-growing states in terms in revenue. During the first 9 months, bettors in the Volunteer State wagered more than $1.5 billion – and that’s minus an entire football season. As things currently stand, Tennessee sports bettors have access to nine online sports betting sites, two of which joined the betting market less than three months agoin September 2021. Several more are awaiting approval to join Tennessee’s online sports betting scene. Despite a few hiccups in the beginning, now sports wagering is both legal and regulated in the state. Tennesseesportsbooks are now thriving, with the Volunteer State retaining a healthy market. Are you looking for the top Tennessee sports betting sites? Perhaps you want to have an idea of how to go about placing bets in Tennessee and the types of wagers available at Tennessee sportsbooks. For this and much more regarding online betting in Tennessee, keep on reading.
Best Bookmakers in Tennessee
With legal sports betting becoming a reality in Tennessee, a number ofoperators opened for business in the Volunteer State. Today, Tennessee is home to several sportsbooks, almost all of them claiming to be the number one site for business. To a regular sports bettor, this may sound true. However, that’s not the case. Some operators offer top-notch services while some aren’t worth your business. Below are top Tennessee sportsbooks that are worth your time.
BetMGM Sportsbook
In 2020, the Tennessee Titansannounced BetMGM Tennessee is their first-ever official sponsor betting partnership between a sport-betting platform and a pro sports team. BetMGM is an online division of the gaming giant MGM Resorts. BetMGM didn’t have a hard time penetrating Tennessee sports betting market. Since successfully launching in Tennessee, plenty of sports bettors in the Volunteer State identify with them. BetMGM TN offers new players who sign up with them a risk-free bet of up to $1,000. Many players in Tennessee find BetMGM their ideal sports betting site based on several other reasons. Besides their bonus offer, BetMGM is a trusted and reliable platform that offers their customers daily odds boosts. Additionally they have one of the largest betting menus across Tennessee’s sports betting marketplace.
FanDuel Sportsbook
FanDuel is also another nationwide leader in terms of sports betting in the United States. FanDuel used its previous success in the field of daily fantasy sports to become one of the most successful online sportsbooks. Today, they are a name to reckon with across Tennessee sports betting market. FanDuel was also part of the initial bookmakers who established themselves in Tennessee, almost immediately after legal sports betting became a reality in the state. In terms of their app, all we can say that their app developers understood the importance of having a decent app. More wagers are placed at FanDuel app across Tennessee compared to any other app. Still on the good side, new Tennessee bettorsthat sign up with FanDuel stand to claim risk-free bets of up to $1,000.
Caesars Sportsbook
Caesars Sportsbook is another top online bookmaker that continues to grow and expand its online sportsbook access. In the state of Tennessee, Caesars Sportsbook is one of the biggest names there. This bookmaker launched its operations in Tennessee immediately online sports betting went live in the state. Even though they are still starting out in Tennessee, they enter the Volunteer State betting market with several years of experience thanks to a merger that they forged with venerable sportsbook brand William Hill. The Caesars Tennessee sports betting app is one of the best in the state and offers a welcome bonus of $5,000. That’s by far the highest in the industry.
DraftKings Sportsbook
DraftKings is one of the most recognized and arguably a popular brand when it comes to online sports betting. DraftKings is one of the most active players in the state of Tennessee, serving plenty of online wagering fans, and more so, those who find daily fantasy sports their thing. DraftKings have one of the best apps around. Their app offers Tennessee bettors a deposit bonus of up to $1,000, along with several daily promotions. Additionally, their app is intuitively designed. Most bettorsargue that DraftKings betting app is one of the most user-friendly apps in the industry. Even though they are still new to the scene, nevertheless, DraftKings have achieved much so far.
Barstool Sportsbook
Almost immediately after Penn National Gaming purchased Barstool Sportsbook in 2020, it was not long before the brand managed to gain access to a number of renowned markets. Even though it took quite some time for Barstool to gain approval to begin its operations in the Volunteer State, today, it holds a strong fan following. First-time players to land themselves at Barstool Sportsbook qualify for a $10 sign up bonus. That’s not all. Barstool’s second promotion allows players bettors to get an equal free bet up to $1,000 if their initial bet loses.
WynnBet Sportsbook
WynnBET is the online gaming division of Wynn Resorts. They entered the Tennessee market in April 2021, making it the seventh operator in the state. WynnBET is offering new users who sign up with them a risk-free bet of up to $1,000. One of their major selling points is that they have one of the best and the most reliable sports betting app in the market. Tennessee bettors who get use WynnBET’s app can easily wager on major sports leagues, along with some of the best promotional offers.
Tennessee Sports Betting Sites: A Comparative Look
| Sportsbook | Launch Date | Offer | Mobile App |
|---|---|---|---|
| BetMGM CO | Nov. 1, 2020 | $1,000 risk free bet | Yes |
| FanDuel CO | Nov. 1, 2020 | $1,000 risk-free bet | Yes |
| Caesars CO | August 2021 | $1,001 bet match | Yes |
| DraftKings | DraftKings Nov. 1, 2020 | $50 free + $1,000 match | Yes |
| Barstool | Aug. 29, 2021 | $10 sign up bonus + $1,000 risk free bet | Yes |
| WynnBET | April 2021 | $1,000 risk free bet | Yes |
Mobile Betting Apps for iOS and Android in Tennessee
The only way that you can be able to place bets in Tennessee is either through online wagering or via mobile apps. Retail betting is illegal and punishable by law in the Volunteer State. You can go ahead and place your bets online through your favorite Tennessee sportsbooks. However, plenty of other Tennessee bettors who prefer wagering via mobile apps.
All the above bookies that we mention have their own dedicated mobilesports betting apps for Android and iOS that you can download in Tennessee and use them in sports wagering. For instance, BetMGM app offer players free live streaming on just any other match. FanDuel’s app on the other hand is highly rated and offers sports bettors a wide range of deposit and withdrawal options.
Those who wager from Caesars app can claim a welcome bonus of up to $5,000. DraftKings app offers players a huge range of promotions, plenty of betting options and low minimum wagers. For those who use Barstool app, they stand to benefit from frequent promotions, along with odds boost on selected games. Lastly, WynnBET app mostly focuses on major leagues and offers regular promotions on them.
Of importance to note, though, is that the sports betting laws of Tennessee require that each sportsbook hold 10% of betting handle as a means of ensuring increased revenues for the state, something that automatically translates to slightly higher prices for Tennesseebettors.
How to Place Online Sports Bets in Tennessee
The state of Tennessee doesn’t have a long history of online sports gambling, and it could be a completely new experience for many players. However, getting to Tennessee sports betting is a straightforward process. Here’s how to go about it:
Step 1
Download and app or (apps)–The first thing that you need to do is to find a sportsbook of your choice and head straight to the download page, and download the app of your choice.
Step 2
Register for an account–Once you have the app installed onto your device, find the registration icon in the top right corner of the screen. Tap on it to take you to where you have to fill out the required personal details. Here, you may have to enter your name, username, password, phone number and at least a portion of your social security number for verification purposes.
Step 3
Fund your account – Once you are done with the registration process, you’ll now need to visit the deposit section and fund your account. Either the app will direct you there, or you’ll have to find the deposit button on the top right corner.
Step 4
Find your bets – Several ways are available for you to locate your bets at Tennessee sportsbooks. Featured games will mostly be in the middle part of the lobby.
Step 5
Place your bet(s)– Now go on to wager for your favorite teams or players. The process is simple. Just push on the button for the bet you want and the bookie will go ahead and auto-populate your betslip that contains all the details of your wager.
After you are done, leave the rest to the sportsbook. They’ll monitor your bet to see if it wins or loses. And that’s how you go about placing bets in Tennessee.
Different Kinds of Bonus Offers & Promos Offered at Tennessee Sportsbooks
If there’s something that separates online sports betting sites from retail operations, then it has to be the presence of bonuses. With the threat of competition being so real, online bookmakers are compelled to take extra steps to ensure that they attract and retain customers.
Before you go claiming sportsbook bonuses, though, you need to be aware of a few important things. First, almost all of them come with playthrough requirements that you may have to meet before you can withdraw winnings from such bonus funds. Additionally, you need to look at the time limit that you have before your bonus expires. Most bookies will give you a period of 7-30 days before they expire.
Having said that, some of the common bonuses and promotional offers that you are sure to get at almost all Tennessee bookies include:
- No deposit bonus – These are site credit or free bets that require no deposit from your side. You get upon registration.
- Deposit bonus– The sportsbook goes on to match your entire or a portion of your initial deposit amount. While they are the most common types of bonuses, they come with playthrough requirements.
- Odds boost – Here, the sportsbook chooses several wager every day and boosts the payout ratio on them.
- Loyalty program – Most Tennessee sportsbooks offer rewards to customers that remain loyal with them for long. Here, customers get to earn points that they can redeem to cash prizes, free bets or hotel stays.
Payment Methods for Tennessee Bettors
For the most part, any bookmaker needs to have a number of safe and convenient options of deposits and withdrawals. Luckily, Tennessee sports bettors have a plethora of payment options to choose from that include:
- Debit or credit cards – Mastercard and Visa are the most common, though some accept American Express or Discover.
- Electronic checks–Mostly processed by VIP Preferred or ACH and function almost like their paper cousins, but without paper.
- Electronic wallets – These are third-party sites serving as online waystations for your funds, such as PayPal.
- Online banking– Online bill pay works for a majority of Tennessee sportsbooks
- PayNearMe –If you intend at using cash, this is the best option to use.
- Prepaid cards – These are cards that you get to preload with a set amount of funds and often the fastest means of receiving withdrawals.
- Wire transfer/Money order- A common type of money transfer used by several sports bettors in Tennessee.
Different Bet Types Available at Tennessee Sportsbooks
Sports bettors in Tennessee will be happy to learn that there are different types of bets that they can place at Tennessee bookies of their choice. Some of the common bet types offered at Tennessee sportsbooksinclude:
- Moneyline – This is one of the simplest and the most common type of bet. Here, you get to wager on a certain team to triumph in a match at odds set by the New Jersey sportsbook.
- Parlay – Instead of wagering on a single game, a parlay wager is a bet on 2 games or more. Here, all the selections –including live betting ones – need to win for the parlay bet to cash.
- Spread – Here, you favor a certain team to win by a set number of goals or points. You can choose the favorite or the underdog based on their respective odds.
- Futures – Here, you get to predict and wager which team or player will achieve something, with the results to be determined later. For example, at the start of the MLS season, you can predict that New York Red Bulls will emerge winners.
- Teasers – In this type of bet, you are allowed to adjust the point spread in a certain game. However, you get reduced odds.
- In-game bets – Simply put, this is placing bets when the action is underway, also known as live betting.
- Overs/Under – A wager that the total score or points will exceed or be below a certain set margin.
- Round Robin- This is a less risky bet since not all your selections need to win. Here, you construct three different two-team parlays and cash should one of the parlay win.
Live betting
Tennessee sportsbooks do offer their customers a variety of live betting, also known as in-play options, which involves wagering on events that are already underway. Here, you can place your bets at any point during a sporting event. Live bets change, as well as come and go, with the game in progress. Of importance to note is that Tennessee sports betting law prohibits live betting on college sports.
Sports Games and Leagues to Wager on in Tennessee
Even though all sports bettors have their own preference when it comes to the games that they follow, undoubtedly, some sporting events and leagues emerge as clear favorites in Tennessee. In Tennessee, first, football is the most favorite sport by a fairly wide margin. Between the numerous collegiate teams and the lone NFL team, several options are in place for Tennessee bettorsto wager on the gridiron. Besides football, there’s basketball. Basketball is a big thing in the Volunteer State thanks to is NBA team and several college basketball teams.
Professional Sports Teams to Bet on in Tennessee
Tennessee is home to several professional sports teams that you can wager for anytime they are in action for some good money. They are quite a number of such pro teams all playing in their respective leagues. Some of the pro sports clubs that you can wager for in Tennessee include:
- Tennessee Titans (NFL)
- Memphis Grizzlies (NBA)
- Nashville Predators (NHL)
- Nashville SC (MLS)
Responsible Betting in Tennessee
Gambling is meant to be fun and entertaining. However, for some sports bettors, gambling comes with its share of serious and damaging consequences. A bettor’s passion for sports betting can quickly turn into an addiction when not managed in the right way. Problem gambling has destroyed the lives of many people and their families. The State of Tennessee has a variety of resources aimed at assisting individuals with problem gambling.
The Tennessee Sports Gaming Act Funding is an amendment inserted into Tennessee sports betting law that requires all operators to contribute 5% of their revenue to the Tennessee Department of Mental Health Substance Abuse. The department uses part of these funds to help organizations that provide treatment services to people with gambling problems.
In Tennessee, there are some strict rules that were approved by the Tennessee Education Lottery Corporation (TELC) board that requires each operator to submit their own individual “responsible gambling plan” as part of their application to be granted online sports betting licenses. TELC board also advocates for several measures if gambling problem persists, such as self-exclusion, self-limiting options, and time-outs.
The Legality of Online Sports Betting in Tennessee
Even though it has not been easy in the Volunteer State, now, it’s legal to engage in sports betting there. The state legislature finally passed a law to legalize sports betting in Tennessee in 2019, and since then, several companies have applied for licenses to operate in the state. However, the only way to wager on sports in Tennessee is through online wagering or via mobile apps. Additionally, you have to be at least 21 years of age and above to be able to place bets in Tennessee. Luckily enough, Tennessee is one of those states where winnings accrued from gambling aren’t taxed. The Tennessee Education Lottery Corporation regulates gambling in the state.
Online Casinos in Tennessee
There are no online casinos in Tennessee. The state continues to offer bettors an increasing mix of online sports betting opportunities but matters to do with casino gambling isn’t among them.
DFS in Tennessee
Even though Tennessee bettors won’t be able to access online casinos to enjoy slots and table games, on the other hand, the state allows Daily Fantasy Sports betting. Fans of DFS in Tennessee can wager on such contests anytime they feel like doing so.
Tennessee Sports Gambling FAQs
What’s the legal age of gambling in Tennessee?
You have to be at least 21 years and above to be able to place bets in Tennessee.
Must I be a resident of Tennessee to be able to place online bets?
No. You just need to be physically in the state of Tennessee or its borderlines to be able to place online bets.
Can I place bets on my iPhone while I’m in Tennessee?
Plenty of Tennessee sportsbooks have apps that are compatible with iOS devices.
Are any other forms of gambling legal in Tennessee?
All forms of gambling are considered illegal unless the state says that they are legal.
Is MyBookies, Bovada and BetUS legal in Tennessee?
Yes. While they are considered as offshore sites, they have all applied for licenses to operate in Tennessee.
Will my winnings from gambling be taxed in Tennessee?
Tennessee is one of the best states for gambling purposes, as you won’t have to pay any taxes accrued from gambling winnings.
Is DFS legal in Tennessee?
Yes, you can enjoy DFS contests in Tennessee and even go ahead to wager on DFS.
How safe are Tennessee sportsbooks?
All of them are safe since the Tennessee Education Lottery Corporation regulates them.
Yan Zhylinski
Pro
Published: 12/17/2021
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