Tennessee legalized sports betting when Governor Bill Lee allowed Tennesse House Bill 1 to become law without a signature. As of now, no sportsbooks are live yet in the Volunteer State, but they’re expected to launch very soon.
Almost every state with legal sports betting requires operators to have a land-based partner in order to offer their product in the market. Tennessee is unique among its counterparts in that it allows online-only sportsbooks. The move makes sense, considering there are no land-based casinos anywhere in the state.
The Tennessee Lottery, the organization overseeing the state’s regulatory framework, recently granted four vendor licenses. All signs right now point to imminent sports betting launches in the Volunteer State.
Legal Online Sportsbooks In Tennessee
Tennessee is incredibly close to launching full-fledged online sports betting sites, but it’s not quite there yet. While there are no legal sportsbooks in the state yet, we expect that to change in a matter of weeks.
When the state launches its online sports betting presence, we’ll update this page with a list of sites accessible to Tennessee players.
See our complete guide to Online Gambling In Tennessee.
Sportsbooks Expected In Tennessee
Tennessee’s online-only sportsbook landscape makes for a unique environment that will likely welcome a wide variety of sports betting companies. Here are a few we expect to see in the state.
DraftKings is one of the industry’s undisputed sports betting leaders. It’s likely that the operator will be one of, if not the first players to launch a sportsbook in Tennessee.
No discussion of online sports betting is complete without FanDuel. The company will almost certainly launch in Tennessee. In many states, DraftKings and FanDuel are in tight competition, and we expect Tennessee to be no different.
William Hill is another major operator with online sportsbooks in a number of regulated markets. Tennessee presents a great opportunity for William Hill to launch an online-only offering.
BetMGM has carved out a space in the sports betting industry as well. With a recent hotel development in Nashville, MGM has started to expand its presence in Tennessee. Sports betting may be next.
Tennessee Sports Betting Apps
The possibilities in Tennessee are virtually limitless thanks to the state’s online-only sports betting law. Here is a list of TN sports betting apps likely to launch in 2020/2021.
Tennessee Online Sports Betting Bonuses
Bonuses are beneficial to sports bettors in every state, but Tennessee may prove a hotbed for lucrative promotions and offers. Sportsbooks will be online only, meaning customers will have no existing preference based on a casino partner or loyalty program. Instead, bettors will have their pick of the litter when it comes to deciding which sportsbook to use. It’s a safe bet that the site with the best offers will pull ahead. Here are common promotions to keep an eye out for.
Deposit Match Bonus
Deposit matches are offered at many online sports betting sites. They essentially double your account fund the first time you make a deposit. For example, if a sportsbook offers an initial deposit match up to $500 and you deposit $100, you’ll have $200 in your account after the bonus. Obviously, using the maximum amount gets you the most bang for your buck, but a match is helpful no matter what amount you deposit.
Check for special deals, too. Some sportsbooks will offer deposit matches on your first two or three deposits if you’re lucky.
Lossback or risk-free bet bonuses give you some insurance on your first wager. You place a bet, and if it loses, the sportsbook refunds some or all of the initial bet and the bonus expires. If you win your bet, the bonus still expires.
Risk-free bets are especially beneficial to new players. They allow you to place a bet without worrying too much about losing. You’ll be able to familiarize yourself with the betting process and hopefully win some money.
Check for terms and conditions, though. Sometimes you have to place the risk-free bet within a certain time window after signing up.
Refer A Friend
Referrals aren’t quite as common in sports betting as they are on horse race betting sites or online casinos. However, with Tennessee’s online-only approach, word of mouth and referrals could translate to new business for operators.
Refer a friend bonuses credit your account once a friend uses your link or email invite to sign up for a sportsbook and make a deposit. The bonus range varies, but it’s usually a small amount around $10 per referral.
No Deposit Bonus
This is the simplest bonus type. Just sign up for a sports betting account and the operator will give you a small stipend. It’s basically their way of thanking you for signing up, and the bonus amounts usually range from $5 to $30.
What Sports Can You Bet On In Tennessee?
Tennessee is embracing sports betting in a way few other states have by allowing online-only operators and placing no maximum on the number of operators in the state. This open stance toward sports gambling is reflected in the actual sports on offer. Tennessee doesn’t have many restrictions surrounding which sports operators can take bets on, making the state a progressive player in the industry.
Betting On US Pro Sports In Tennessee
Tennessee is no stranger to professional sports teams. The state is home to the Memphis Grizzlies (NBA), Tennessee Titans (NFL), and Nashville Predators (NHL). Later this year, the Nashville Soccer Club plans to kick off its inaugural season with the Major League Soccer organization.
Professional leagues will undoubtedly make up a huge slice of Tennessee’s sports betting revenue. The state’s only requirement is that sports betting operators purchase and use official league data for their available pro sports bets. That data enables things like in-play betting, so expect most (if not all) of the major operators to get in the game.
Tennessee College Sports Betting
College sports betting will be allowed in Tennessee as well. Some states prohibit bettors from wagering on in-state college matches (even if the in-state school is playing elsewhere), but Tennessee has no such restriction. It’s a good thing, too, because the state has a widely popular college sports scene.
The only stipulation with regard to college betting is that live or in-play betting isn’t allowed. Otherwise, Tennessee bettors will be able to place bets on March Madness, the College Football Championship, and regular-season games.
Betting On International Sports In Tennessee
Globally popular sports like cricket, rugby, international soccer leagues, darts, and much more will be available at Tennessee’s sportsbooks.
There’s no shortage of worldwide sports on most betting sites. Tennessee operators will likely offer similar bets to those in other states.
The Olympics, one of the world’s biggest sporting events, will feature bets as well. Any event governed by a national or international organization is fair game. Tennessee will surely make use of that rule, especially when Olympic events and international competitions like the FIFA World Cup come around.
Tennessee Esports Betting
Esports betting is allowed by Tennessee’s sports betting law.
Other states that allow esports betting have specific restrictions in place to regulate it. For example, some laws require all participants in a given esports contest to be at least 18 years old. Given the young demographic that participates in esports tournaments, this could remove some wagering opportunities. It’s possible that Tennessee could put similar regulations in place.
What Else Can You Bet On At Tennessee Sportsbooks?
Tennessee law allows for a wide selection of sports bets. You name the sports, chances are you’ll be able to wager on it when Tennessee launches sports betting. MMA, UFC, NASCAR, and many other sports will be available in the state.
Popular Deposit Methods For Tennessee Sportsbooks
The online and mobile sports betting framework that Tennessee has put in place creates an interesting landscape for payment methods. Since no land-based casinos are in the state, players won’t be able to deposit or withdraw in cash at a property. However, there are still plenty of payment options that will no doubt be available in the Volunteer State.
PayPal is commonly accepted at sports betting sites and will almost certainly be available at Tennessee’s sportsbooks, too. The service allows you to deposit money into your sportsbook account with just a few clicks. Similar providers like Skrill and Neteller are often usually offered, though they’re slightly less common.
Credit And Debit Cards
Credit/debit cards are simple and effective. Pretty much every regulated US sportsbook accepts them, and Tennessee is likely to keep up that trend.
Many sportsbook sites offer prepaid cards as an alternative method of payment. You can load the card with funds from your bank and use it at the sportsbook.
You can connect your bank account directly to your sports betting account for quick wire transfer payments or ACH deposits. Sportsbooks use high-level encryption to protect your data, making this method a fast and easy way to deposit funds.
Cash is actually the only method that will not be available in Tennessee, given the absence of any land-based properties. Unless the state significantly changes its stance on casinos, you’re unlikely to find the cash deposit option at the state’s sportsbooks.
What Is The Biggest Online Sportsbook In Tennessee By Revenue?
Tennessee doesn’t have a leading sportsbook yet. A few sites are expected to launch in the near future, so we will update this section as revenue numbers are announced.
Whichever operator launches first may get a headstart. But when you’re searching for likely frontrunners in the Tennessee sports betting race, look to DraftKings and FanDuel. Both operators are well-known for garnering huge audiences and driving big revenue in regulated markets.
What Do I Need To Create A Tennessee Sportsbook Account?
Once they’re live, sportsbooks will ask you for the following information:
- Age (confirmed using a government-issued ID)
- Phone Number
- Password (you’ll create one)
From there, you’ll have to verify your location. Typically you do this using a separate geolocation app. You need to be within the state of Tennessee to place a bet, but you do not need to be a resident of the state.
If you want to place a bet right when you sign up, have your preferred deposit method ready. And don’t forget to check for special promotions and bonuses.
Legal Online Sportsbooks In Tennessee Versus Illegal Online Sportsbooks
There are myriad reasons to steer clear from offshore/grey market sportsbooks. You may encounter them as you search for Tennessee’s legal online sports betting sites, so be careful about which sites you visit.
Offshore sites are only beholden to the laws of the country where they base their operations. As a result, they’re very risky and should be avoided. There are a few key signs to look out for.
Licensing And Government Oversight
Legal, regulated sportsbooks in Tennessee will be overseen by the Tennessee Lottery. If you’re unsure whether a specific sportsbook site is sanctioned by the state, scroll to the bottom. Legitimate and licensed sites will have licensing information clearly visible, and many will have links to more information. If this info is missing or particularly hard to find, chances are you’re on an offshore site.
Limited Options For Bets And Deposits
As mentioned above, Tennessee requires sportsbooks to use official league data. Offshore and grey market sites don’t have access to this data, so they won’t offer live, in-play, or proposition betting.
The same goes for deposit methods. Grey market sportsbooks will often only provide one or two ways to deposit, and they don’t protect your data as well as regulated sites will.
Licensed sportsbooks almost always have 24/7 support available to customers. Offshore sites have limited customer service options, which can obviously be frustrating if you encounter an issue.
Tennessee Online Sportsbook FAQ
21. Anyone 21 or older will be able to place bets and Tennessee’s online sportsbooks once they’re live.
Online sports betting sites will have new bettors confirm their identity and age using a government-issued form of identification.
Yes. Tennessee allows for online sports betting. However, none have launched in the state yet.
DraftKings is expected to be one of the major players on the Tennessee sports betting scene, and it’s likely they’ll be among the first to launch an offering in The Volunteer State.
It’s very likely, yes. Because Tennessee doesn’t require a land-based tether for online sportsbooks, companies like FanDuel will just have to apply for a license to operate in the state. At this point, it would be more surprising if FanDuel didn’t launch in Tennessee.
It’s probable that FanDuel will be one of the first to market in Tennessee. They’re an operator to keep an eye on for a quick launch.
Unlikely. Most sportsbooks in regulated markets require you to have funds in your account to place a wager. Other than its online-only sportsbook ecosystem, Tennessee isn’t steering far off the path of its regulated counterparts.
You will be able to deposit money using a credit card at the state’s sportsbooks.
Yes. College sports are incredibly popular in Tennessee, and bettors will be able to wager on matches. This includes in-state schools, which many states restrict from sports betting sites.
The only restriction is live betting. Live, in-game betting won’t be allowed on college sports in the state.
No. And you’d have trouble if you tried, considering the state has no casinos! You’ll be able to register fully online. Just have your personal information ready. This includes your name, email, address, phone number, ID, and preferred deposit method.
You’ll also have to download a geo-location app to confirm you are within state lines. Once you sign up and confirm your location, you’ll be all set to start betting.