Tennessee sports betting launched online on November 1, 2020. The Volunteer State is the first to authorize online betting only, with no in-person betting locations available.
Tennessee made history in the digital sports betting revolution sweeping the USA in the wake of the Supreme Court’s repeal of the Professional and Amateur Sports Protection Act (PASPA).
You must be 21 years of age to bet on sports in the state of Tennessee. Mobile betting and other forms of online betting are allowed from anywhere in the state.
Let’s take a closer look at everything you need to know about betting on sports in Tennessee. We’ve also got you covered if you’re simply looking for the best TN betting bonus offers.
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With roots in daily fantasy sports, FanDuel is a reputable brand. Tennessee bettors can expect a superior live betting experience and lots of features for new gamblers at FanDuel’s Sportsbook.Bonus: $1,000 Risk-Free Bet
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Tennessee Sports Betting at a Glance
Tennessee was the first state to authorize sports betting before allowing other forms of gaming. All other forms of gambling are currently unavailable in the state. There are no casinos or racetracks.
The legislation authorizing sports betting requires an exclusively online market.
Online-only betting action promises a lucrative market, but Tennessee sports betting may be held back by excessive regulation. The 20% tax rate on operators is one of the highest in the nation. Furthermore, the high 10% minimum hold requirements promote less desirable odds on some lines.
With a $750,000 annual licensing fee to tops things off, Tennessee has created an excessively expensive regulatory environment for operators.
That said, the state has placed a premium on safety and convenience that makes legal Tennessee betting sites a great option for those in the state.
Most major online operators have begun the process to obtain sports wagering licenses despite the relatively high taxes and licensing fees. Tennessee’s central location and large number of avid sports fans act as incentives no doubt.
States that have both casino-based and online wagering have seen most of their revenue through online channels like mobile betting apps. New Jersey, for example, now takes in more than 90% of its sports bets online.
Whatever you prefer betting from your mobile device or your computer, it’s key to ensure the sportsbook you’re using is a legal sports betting operator. This means the sportsbook must hold a license from the Tennessee Education Lottery Corporation.
Our reviewers have spent countless hours exploring the ins and outs of legal Tennessee sportsbooks and betting apps available in the Volunteer State.
Here are some of the best online sportsbooks currently available in Tennessee:
|FanDuel Sportsbook||Read Review|
|DraftKings Sportsbook||Read Review|
These sites have earned our endorsement for their well-priced odds, lucrative bonuses, wide range of betting options, and overall convenience. Each also offers excellent mobile platforms via their dedicated betting apps.
Latest TN Sports Betting News
Sports betting hasn’t been active in Tennessee for very long, and there’s lots to look forward to in this emerging market.
SportsBettingDime.com is keeping a close eye on the Tennessee action, and we’ll use this page to keep you informed. You can also check out our breakdown of Tennessee revenue for a market overview and month-by-month data.
Here’s all the latest news on sports wagering in the Volunteer State.
March 29, 2021: The emerging sports betting market in Tennessee suffered the first drop in monthly handle through February 2021. The Volunteer State collected $176.3 million in bets, down from the $200 million mark a month earlier.
February 25, 2021: Tennessee became the seventh state to generate over $200 million in sports betting volume in one month. Sportsbooks in the Volunteer State took in $211 million in bets through January 2021. A full month of NBA action and the NFL playoffs were big factors in driving increased betting volume.
January 27, 2021: The latest revenue report from the Tennessee Education Lottery Commission reflects an explosive start for online sports betting in the state. December’s total handle nearly reached $181 million, therefore confirming Tennessee’s position as the country’s fastest-growing market at launch.
December 23, 2020: The first month of legal sports betting in Tennessee was a success, as four sportsbooks pulled in a total of $131.4 million in November 2020. With the NFL Super Bowl fast approaching, we expect this figure will keep growing in the coming weeks.
November 1, 2020: Legal sports betting went live in Tennessee. Four sportsbooks were given licenses to operate online, with more expected in the near future.
Tennessee Betting Apps & Mobile Betting
The ability to bet from anywhere at any time is the best thing about online sports betting in Tennessee.
While many states have taken a cautious approach to sports betting regulation by only allowing for land-based retail betting locations, Tennessee can see the future of the industry.
In a world where fans primarily connect with sports through their mobile devices, mobile sports betting is a must. You use your cell phone to watch sports, read about sports, and talk about sports. With Tennessee sports betting apps, you can also use it to wager on them.
The best mobile sportsbook apps make it easy to browse the odds and betting options on the go and support the same functionality as their desktop-version counterparts.
Most of the most popular online sportsbooks today got their start as daily fantasy sports (DFS) apps. The Volunteer State was one of the first to authorize daily fantasy sports, so many of the biggest brand names will likely be familiar to Tennesseans.
Brands like FanDuel and DraftKings Sportsbook are mobile-first platforms. Everything they do is approached with a mobile-first philosophy, so you can expect glitch-free functionality even when enjoying the fastest-paced live betting offerings.
Note that some mobile apps are market-specific. This means you will be required to download the ‘Tennessee version’ to place wagers within the state.
Here are the sports betting apps currently available in Tennessee:
|Betting App||State-Specific?||More Info|
Each of these apps is available for both Android and Apple users. Simply follow the links in the table above for detailed instructions on how to get started.
Tennessee Sports Betting Bonuses & Promos
Betting apps and online sportsbooks continually offer promos and bonuses. These can add significant amounts to your bankroll, so it’s worth looking for special offers as sportsbooks come online in Tennessee.
Many promos take the form of boosted odds that offer a bigger potential payout for the same risk – this often involve parlays. Other bonuses include risk-free bet credits or even skills-based contests.
As a new sports betting market that focuses strictly on online betting, TN sportsbook bonuses are highly competitive. You’ll have no shortage of choice when it comes to Tennessee sports betting bonuses and most do not require you to enter a promo code.
Here are the biggest TN betting app sign up offers currently available:
- FanDuel Sportsbook – $1,000 Sign Up Offer
- DraftKings Sportsbook – $1,050 Risk-Free Bet
- BetMGM – $600 Risk-Free Bet
Terms and conditions apply to each of the TN sports betting deposit bonuses listed above. Visit the sportsbooks directly or read our detailed reviews to get the details.
No matter which sportsbook you go with, make sure they are licensed to operate by the Tennessee Education Lottery Corporation.
Let’s take a detailed look at the rules and restrictions you need to be aware of when betting on sports in Tennessee.
Legal Tennessee Sports Betting
Tennessee has one of the most unique regulatory frameworks for sports betting anywhere in the country.
With a tightly regulated online market and no retail sportsbooks whatsoever, Tennessee regulators ask a lot of online operators but otherwise allow unfettered access to the market.
Sports betting in Tennessee is authorized under HB 1 – The Tennessee Sports Gaming Act. The bill was passed in 2019, and final rules around the market launch were established in April 2020. As promised, sports betting went live in Tennessee on November 1, 2020.
We summarize the key info bettors need to know below.
Tennessee Online Sports Betting
Tennessee created a set of rules that make it very easy for sports bettors to get started with an online sportsbook or betting app in the state.
Remote Registration Allowed
All sports betting operations in the state are entirely digital. This extends to account creation and verification. Unlike some other states, Tennessee does not require bettors to confirm the identity or fund their accounts in-person before placing online sports bets.
Simply download your betting app of choice and follow the prompts to verify your account electronically.
Every betting site and sportsbook app in Tennessee must verify your location within state lines every time you place a wager.
Geo-comply software will ping your location frequently when visiting your sportsbook of choice. Most betting apps have integrated this functionality with the location services on your mobile device, while computer users will generally need to download an unobtrusive software package directly from their sportsbook website.
You do not need to be a Tennessee resident to use a betting app or online betting site in the state. Location requirements apply to your physical presence within state lines rather than your place of residence.
Ten Percent Hold Requirement
While Tennessee deserves significant credit for its embrace of online betting platforms, some elements of the state’s regulatory structure are quite harmful to the betting public. The most controversial is a ‘hold requirement’, which dictates the percentage of gross revenue that sportsbooks may use to pay winnings.
In Tennessee, the ten percent hold requirement means sportsbooks must retain at least ten percent of their gross revenue. To meet this requirement, sportsbooks in the state will have to charge a higher rate of vigorish or ‘juice.’ In other words, you’re likely to see less appealing odds across the board.
Similar to states that do not allow “straight” or single-game wagers, the idea is to make sports betting less appealing to consumers by reducing the potential payout. Considering Tennessee’s open-minded approach to internet wagering, the hold requirement is a surprising negative that will hopefully go away in time.
Sportsbooks Must Buy League Data
Major professional sports leagues have lobbied intensely to get their piece of the legal sports betting pie. To do so, they’ve attempted to convince state legislatures nationwide that sportsbooks should have to purchase “official league data” for use in grading wagers.
While most states have rejected the notion that the leagues themselves are the only data providers who can guarantee integrity, lawmakers in Tennessee did include the requirement in the state’s sports betting legislation. The rules stipulate that any live, in-play wagers must use official league data.
Official league data requirements are nothing more than a thinly veiled handout to the likes of the NFL and NBA. Above all, they further increase overhead costs for sports betting operators.
Ultimately, these costs are likely to be pushed to Tennessee bettors in the form of higher vigorish and fewer enticing bonus offers.
Online Sports Betting Licenses
Anyone can apply to offer online sports betting in Tennessee. This is also very unique – most states require online sportsbooks to operate under an existing gambling license, typically held by a land-based casino or racetrack.
Would-be online operators in Tennessee can apply for licenses directly with the Tennessee Education Lottery Corporation, but they cost a pretty penny.
Sports betting licenses in Tennessee cost a staggering $750,000 and must be renewed at the same cost on a yearly basis. There is also a $50,000 “application processing fee” added to the total. For context, the pricing in nearby West Virginia is just $100,000 for a five-year license.
On top of these licensing fees, Tennessee sports betting is taxed at one of the highest rates in the nation. Operators will be assessed a 20% tax on all gross gaming revenue. By comparison, Nevada charges a tax rate of just 6.75%.
At the end of the day, the cost of doing business is high in the Tennessee sports betting industry. These policies are the direct result of the state’s conservative political climate. The burden now falls on voters and sports bettors in the state to force the legislature to revise the historic legislation with more favorable terms.
Tennessee Sports Betting Rules & Regulations
Compared to the high barrier to entry that Tennessee lawmakers have imposed on sportsbook operators, there are few restrictions on who can bet on sports in the state. Similarly, most forms of wagering popular with bettors have gotten the go-ahead from the lottery corporation.
Who Can Bet on Sports in Tennessee?
Most adults can bet on sports in Tennessee. There are only a couple of exceptions defined under Sports Gaming Act § 4-51-312
You Must Be At Least 21 Years Old
The gambling age in Tennessee is 21. Sportsbooks are required to verify your identity via government-issued ID or approved e-verification software.
Those in the Sports Industry Are Prohibited
Most athletes, coaches, team managers, and other persons associated with a professional or collegiate sports team or governing body are prohibited from betting on sports in TN. This extends to amateur events where relevant.
The bottom line is that a person with any formal affiliation to a sporting event or league cannot bet on that event.
Gaming Industry Employees & Regulators Are Prohibited
Conflict of interest protections also extend to employees, owners, or affiliated persons of any sports wagering license holder. Those who are affiliated with the Tennessee Education Lottery Corporation are also banned.
If you’re involved in the sports or gambling industries, chances are you are prohibited from online wagering in the Volunteer State. Otherwise, most adults are good to go!
Which Events Can I Bet on in Tennessee?
The Volunteer State allows wagering on most professional and collegiate sporting events, as well as a wide range of popular amateur events and international competitions such as the Olympics.
Sportsbooks must get explicit approval from the Tennessee Education Lottery Corporation before offering lines on any new events.
No Betting on High School Sports
Sportsbooks in Tennessee cannot offer wagers on high school sporting events or any other amateur sporting events in which the majority of participants are under the age of 18.
eSports Betting Allowed
Tennessee’s sports betting rules allow for approval of any sporting event regulated by a governing body. This allows sportsbooks to offer wagers on select eSports events held at the professional level. That said, each event requires explicit approval from the lottery corporation before any odds can be offered.
Keep an eye out for eSports lines at your Tennessee sports betting site. In the meantime, you can brush up your skills with these eSports betting tips.
No Betting on Entertainment or Politics
Betting on sports in Tennessee is limited to sporting events. This means many of the prop bets and specials available in other markets won’t be offered at TN sportsbooks.
Betting on politics has not been authorized anywhere in the United States. However, wagering on pop culture events like the Oscars or Academy Awards is allowed in some other states with regulated legal sports betting.
Which Types of Wagering Are Allowed on These Events?
Tennessee allows all the most popular wagering types found at online betting sites, including:
- Straight bets (Moneyline, spread, O/U)
- Parlays & Accumulators
- Pleasers & Teasers
- Player & Championship Futures
- Live Betting
- Props & Exotics
- Exchange Betting
The only restrictions in place affect prop betting. Prop bets cannot be offered on collegiate sporting events. This applies to both live and pre-game wagering. Most notably, it affects college football and college basketball’s March Madness tournament.
In addition, prop bets cannot hinge on the following elements of any sporting event:
“Injuries, penalties, or other such occurrences the Wager on which would be contrary to public policy, unfair to consumers, or deemed to violate Article Xl, Section 5 of the Constitution of Tennessee.”
Let’s translate that legalese into English: Don’t expect to see any cheeky props that could be in any way viewed as “unethical” by regulators.
Tennessee Sports Betting FAQs
Is sports betting legal in Tennessee?
Yes. Online sports betting is legal in Tennessee.
When was sports betting legalized in Tennessee?
As of 2020, you can legally bet on sports in Tennessee.
Can I bet in Tennessee if I do not live there?
Yes. Anyone over the age of 21 can bet in Tennessee as long as they are within the state lines.
Are all types of bets accepted in Tennessee?
No. Prop bets are not allowed on college sports. Aside from that, Tennessee offers all types of wagers.
Local Teams Worth Betting On
Once you’re ready to roll with a legal TN sportsbook, it’s time to start considering the wagering options. In addition to popular in-state NCAA teams, Tennesseans most often support the following local pro teams:
- Tennessee Titans
- Memphis Grizzlies
- Nashville Predators
You should never bet based on emotion, but Sports Betting Dime understands fans want to support their favorite teams.
We’re here to provide the data and analysis you need to bet with confidence every time. Our betting tools and editorial coverage can help you quickly gauge the betting value of your favorite teams.
Tennessee Sports Betting History
The legalization of sports wagering in Tennessee is nothing short of historic for two reasons:
- It is the first state to authorize online-only betting, with no retail component whatsoever
- All forms of gambling have long been criticized in the state – Tennessee has a conservative political climate and no casinos or racetracks are present.
Let’s take a look at the key dates in Tennessee’s sports betting legalization efforts:
November 2018: The Sports Wagering Act is introduced in the state legislature by Representative Rick Staples (D).
June 2019: Despite his personal opposition to the bill, Gov. Bill Lee (R) decides not to veto the passed legislation. Thus, HB1 becomes law.
April 2020: The Tennessee Education Lottery Corporation releases a controversial set of rules to govern the first year of legal sports betting in the state. These rules – including the ten percent hold requirement – can be revised after one year of operation.
August 2020: The Lottery Corporation announces they are processing applications from several would-be operators. It promises the launch of the TN sports betting market by November 2020.
November 2020: Online sports betting launches in Tennessee. Major industry powerhouses such as FanDuel Sportsbook, DraftKings, and William Hill are among the first to launch.
Find the Best Online Sportsbooks for Tennessee
Regardless of your experience with sports betting, Sports Betting Dime can be a valuable resource. We have detailed betting guides to help you gain the edge you’re looking for.
Betting in Tennessee is a new venture, and we want to help you find the sportsbook that’s right for you. Check out the list of our favorite sportsbooks for more information.
If you’re looking to bet on sports in other locations, head on over to our state-by-state sports betting legal tracker. We keep it updated as markets evolve all across the US.