If you’ve watched sports in Tennessee recently, you’ve probably been bombarded with sportsbook commercials.
The Volunteer State legalized sports betting a few months ago, and it’s quickly becoming as popular in Tennessee as Peyton Manning. Putting a few bucks down on your favorite sports is the most fun way to get closer to the games, but it can be a bit puzzling at first.
Sports Betting Dime will help you get started by explaining the X’s and O’s and other fundamentals Tennesseans need to bet on sports with confidence.
We’ll highlight top Tennessee sports betting apps and help you access the best promos for new users. If you’re ready to place a bet right now, check out one of our trusted partners from the list below. Otherwise, read on to find straightforward answers to all the key questions about sports betting in the Volunteer State.
DraftKings began as a daily fantasy leader and has grown into one of the best brands for Americans to wager legally on sports. Bettors in Tennessee can look forward to a top-rated betting app with tons of valuable promotions.Promo: Up to $1,050 Free!
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.Promo: $1,000 Risk-Free Bet
BetMGM brings Tennessee sports bettors a great legal option to bet on sports anywhere in the state. Look for their valuable sign up bonus and enjoy a well-rounded platform backed by the biggest name in gaming.Promo: $600 Risk-Free Bet
A big name that's been in business since 1934 is relevant as ever with a modern betting app and online sportsbook that features one of the biggest betting menus out there.Promo: $500 Risk-Free Bet!
Key TN Sports Betting Info
Want a bit more info about the sign-up process or a summary of Tennessee’s sports betting rules and regulations? Interested in learning which sportsbooks sponsor TN sports teams?
Jump ahead if you’re looking for something specific:
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 industry’s future.
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.
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 you’re probably already familiar with the biggest brand names.
Brands like FanDuel and DraftKings Sportsbook are mobile-first platforms. They approach everything they do with a mobile-first philosophy, so you can expect glitch-free functionality even when enjoying the fastest-paced live betting offerings. You can check the odds and place your wagers while sitting amongst 70,000 fans at Nissan Stadium, for example.
Here are the best sports betting apps currently available in Tennessee:
Each of these mobile apps is available for both Android and Apple users. Follow the unique links in the table above to get started and redeem today’s best welcome bonus.
Betting apps and online sportsbooks continually offer promos and bonuses you can take advantage of. Tennessee is competitive new sports betting market that focuses strictly on online betting, so sportsbooks are offering highly valuable promotions to attract new customers.
Sign-up bonuses, in particular, can add significant amounts to your bankroll – to the extent that it may be worth creating accounts at multiple sportsbooks in Tennessee.
Many ongoing promos take the form of boosted odds that offer a bigger potential payout for the same risk. Other bonuses include risk-free bet credits, referral rewards, or even skills-based contests.
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.
Best of all, Sports Betting Dime has partnered with top TN sportsbooks to bring you exclusive offers. Sign up using the links below to ensure you’re getting today’s best deposit bonuses.
Here are the biggest TN betting app sign up offers currently available:
|Betting App||TN Sign-Up Bonus|
|FanDuel Sportsbook||$1,000 Sign-Up Offer|
|DraftKings Sportsbook||$1,050 Risk-Free Bet|
|BetMGM||$600 Risk-Free Bet|
|William Hill||$500 Risk-Free Bet|
You can find more information about these offers and other ongoing promotions available via our Tennessee bonus page.
Have you decided which TN sportsbook(s) you want to bet with? Congrats! With such great options, that may be the hardest part.
From there, it’s super easy to get started and redeem the full value of your deposit bonus. Thanks to remote registration and e-verification software, most adults who are at least 21 years old can sign-up online from anywhere within Tennessee state lines.
Here are step-by-step instructions to make your first legal sports bet today:
- Register for a new account with a top-rated Tennessee sportsbook such as DraftKings.
- Follow the on-screen instructions to verify your identity. Be sure to have some basic details ready, such as your full name, address, date of birth, and Social Security Number.
- Once verified, you’ll see prompts to fund your account using your preferred payment method. Make your initial deposit right away to take full advantage of the sign-up bonus on offer. Most Tennessee sports accept a wide variety of convenient deposit methods, including:
- Credit card
- Debit card
- ACH eCheck
- Prepaid card
- Keep in mind that the amount of your first deposit typically determines the value of your sign-up bonus. Take a minute to read the fine print.
- Place your bet(s)!
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.
Find all the latest news on sports wagering in the Volunteer State below.
May 27, 2021: Tennessee Governor Bill Lee signs SB 588, which transfers sports betting regulatory powers from the Tennessee Education Lottery to the newly formed Sports Wagering Advisory Council. The switch will take effect on January 1, 2022, but transition meetings between the two sides will begin in June. The Governor said the Sports Wagering Advisory Council may choose to re-examine the state’s existing sports betting rules.
March 5, 2021: The Tennessee Education Lottery approves paid sports betting pools in the state, and they officially launch ahead of March Madness. DraftKings Sportsbook is the first to offer a paid pool, with the first major contests available being a $2 million bracket challenge and a survivor pool.
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, reaffirming Tennessee’s position as the country’s fastest-growing market at launch. A full month of NBA action and the NFL playoffs were big factors in driving increased betting volume.
January 1, 2021: Tennessee’s statewide 10 percent minimum hold requirement kicks in. Sportsbooks must keep at least ten percent of their gross gaming revenue after paying out winning bets.
November 1, 2020: Legal sports betting went live in Tennessee. The state gave four sportsbooks licenses to operate online, with more expected soon.
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. There are few restrictions on who can bet on sports in the state, and most forms of wagering popular with bettors have gotten the go-ahead from the lottery corporation.
The Tennessee Sports Gaming Act (HB 1) authorizes sports betting in the state. The bill passed in 2019 without Gov. Bill Lee’s signature. Lawmakers established the final rules in April 2020, and, as promised, sports betting went live in Tennessee on November 1, 2020.
Find the key details you need to know below.
Who Can Bet on Sports in Tennessee?
Most adults who are at least 21 years old can bet on sports in Tennessee. There are only a couple of exceptions defined under Sports Gaming Act § 4-51-312.
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 restriction 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 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!
Know that every betting site and sportsbook app in Tennessee must verify your location within state lines each 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. Sports fans from neighboring Mississippi or North Carolina, for example, are free to drive across to Tennessee to place their bets online.
Which Events Can I Bet on in Tennessee?
The Volunteer State allows wagering on most professional and collegiate sporting events and 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. NCAA events, however, are fair game. Plus, unlike online sportsbooks in Illinois, Tennessee sportsbooks are allowed to offer lines on in-state college teams.
eSports Betting Allowed
Tennessee’s sports betting rules allow for approval of any sporting event regulated by a governing body, meaning sportsbooks can offer wagers on select eSports events held at the professional level. That said, each event requires explicit approval from the lottery corporation before sports can offer any odds.
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. 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?
The state of Tennessee permits all the most common wagering types found at online sportsbooks.
- Think the Titans can upset the Chiefs? You’ll find moneylines, spreads, and totals
- Believe the Vols have an outside shot at winning March Madness next year? Take a look at college basketball championship futures – maybe it’s worth a bet.
- Feel like Pekka Rinne is going to get peppered with shots tonight and make 35 saves? Check out NHL prop betting
- Watching Ja Morant and the Grizzlies go up against Zion and the Pelicans? Give live betting a try.
- Are you the “go big or go home” type? Parlays, pleasers, and teasers may be your thing.
- Want to wager directly against your friends or fellow bettors? Tennessee also offers exchange betting where you can do just that.
In Tennessee, the only bet type restrictions in place affect prop betting. Sportsbooks cannot offer prop bets 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 lawmakers imposed a high barrier to entry on sportsbook operators. Licensing fees and taxes are high, plus there’s a minimum hold requirement for sportsbooks, and on top of all that, operators must buy league data.
Ultimately, these costs are likely to be pushed to Tennessee bettors in the form of higher vigorish, and fewer enticing bonus offers in the long term.
Read on for a summary of the business end of sports betting in Tennessee or explore our TN revenue page to see the latest financial figures and market analysis.
Online Sports Betting Licenses
Anyone can apply to offer online sports betting in Tennessee, which is 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 every year. 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 has one of the highest sports betting tax rates in the nation. Operators must pay a 20% tax on all gross gaming revenue. By comparison, Nevada charges a tax rate of just 6.75%.
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.
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 to force the state legislature to revise the historic legislation with more favorable terms.
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.
Furthermore, the legislation authorizing sports betting requires an exclusively online market.
Sports Betting Dime will let you know if Tennessee authorizes any retail sports betting locations in the future.
For now, Tennessee sports fans who crave an in-person wagering experience will have to travel outside state lines. From Memphis, the nearest retail sportsbook is at Oaklawn Racing Casino Resort, so if you want to do your in-person sports betting in Arkansas, it’s roughly a three-hour drive. If you’re from Nashville, Tropicana Evansville offers one of the top Indiana sportsbooks and is about 2.5 hours away.
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 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.
Three of Tennessee’s four pro sports teams jumped on the latest trend in the sports betting industry: creating official partnerships with top sportsbooks. The fun part is these partnerships can result in boosted odds and special promos on hometown teams.
The table below shows existing partnerships between sportsbooks and local teams in Tennessee:
|Sportsbook||Local TN Partners|
If wagering on local teams is your thing, you may be able to get more bang for your buck by wagering with your team’s official sports betting partner. So, Smashville fans may want to sign up for DraftKings, while those who back the Beale Street Bears may prefer FanDuel. Similarly, Titans nation might find the best odds at BetMGM.
As the latest addition to Major League Soccer, Nashville SC has yet to name a sports betting partner. However, the league itself does have an official, multi-year relationship with MGM Resorts International, which owns and operates BetMGM. Soccer fans can win big with BetMGM’s free-to-play MLS Predict 6 game.
While we don’t recommend betting based on emotion, we also understand fans want to support their favorite teams.
No matter who you support, Sports Betting Dime is 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.
Find the Best Sportsbook in Any State
Regardless of your experience level, 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 parts of the country, head on over to our state-by-state sports betting legal tracker. We keep it updated as markets evolve all across America.
Have fun and enjoy the action out there!