Tennessee Sports Betting Bonuses

Tennessee bettors have access to nine sports betting apps, which include some of the best platforms in the world. New members can receive a wide range of welcome bonus offers, including deposit-match promos and risk-free first bets.

Tennessee legalized sports betting when Governor Bill Lee allowed Tennessee House Bill 1 to become law without a signature. Sportsbook operators were granted licenses to offer sportsbooks in The Volunteer State, and online sports betting launched in 2020.

While almost every state with legal sports betting requires operators to have a land-based partner, 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. 

With these operators available and more likely to join them, Tennessee is staged to be a hotspot for online sports betting in the US. Let’s take a look at the best Tennessee sports betting bonuses.

Legal Online Sportsbooks In Tennessee

Among the nine total options, there are some particularly sportsbooks operating in Tennessee, including giants like DraftKings, BetMGM, and FanDuel. They each offer good bonus and promo offers too:

    Tennessee Online Sportsbook Bonuses October 2021

    Tennessee’s online-only sportsbook landscape makes for a unique environment that will likely welcome a wide variety of sports betting companies. Right now, these sportsbooks have licenses to operate in Tennessee. Here’s a rundown of those operators:

    DraftKings Tennessee

    • Best for long-term sports bettors due to 20% deposit match up to $1,000 with 5x playthrough
    • Available as an Apple iOS app, Android app, and via desktop
    • Huge bonuses and payouts

    Claim promo offer with our exclusive link at DraftKings

    New members at DraftKings Sportsbook can now receive a $50 free bet for making a deposit of $5 or more with our link above. This exclusive deal is available to all those joining DraftKings Sportsbook for the first time.

    If you like the layout of DraftKings Sportsbook, you can then receive the regular welcome bonus. The 20% deposit match up to $1,000 is the biggest deposit promotion at the US online casino, so it’s worth using if you’re playing at DraftKings for the long haul. 

    While even just a $5 deposit qualifies for the deal, you’d need to deposit $5,000 to receive the maximum bonus. Additional terms and conditions apply.

    BetMGM Tennessee

    • Best for a $1,000 risk-free bet to be refunded as multiple free bets
    • Available as an Apple iOS app, Android app, and via desktop
    • Strong partnerships with sports leagues and name brands

    Claim bonus offer with our exclusive link at BetMGM – Use promo code TOPBONUS100

    The BetMGM online sportsbook features a generous sportsbook sign-up bonus and a number of impressive options to bet from. BetMGM is a sportsbook to watch. Backed by one of the top gaming companies in the US, we anticipate it will become a major player within the next few years. 

    Caesars Sportsbook Tennessee

    • Best for a $5,000 risk-free bet for new users
    • Available as an Apple iOS app, Android app, and via desktop
    • Well-organized mobile app and easy deposits

    Claim promo offer with our exclusive link at Caesars

    A reliable and recognizable name in the US sports betting industry, Caesars offers a solid selection of sports. Caesars sportsbook offers its users an excellent customer loyalty program. Caesars Entertainment acquired William Hill Sportsbook in April 2021 and rebranded it as Caesars Sportsbook in August 2021. The app is backed by a reputable company – Tennessee bettors will enjoy this rebranded and upgraded mobile app. 

    FanDuel Tennessee

    • Best for a $1,000 risk-free bet refunded as betting credits 
    • Available as an Apple iOS app, Android app, and via desktop
    • Extensive coverage and market variety

    Claim promo offer with our exclusive link at FanDuel

    FanDuel’s reputation as a top sports betting brand is well-earned, as the platform offers a top-flight overall user experience. Its expansion across several US states, recently announced partnerships, and top-notch bonus offers ensure FanDuel’s place as one of the best online sportsbooks in the US.

    WynnBET Tennessee

    • Best for a straightforward $1,000 risk-free bet refunded as a free bet of equal value
    • Available as an Apple iOS app, Android app, and via desktop
    • User-friendly mobile app that is easy to navigate

    Claim promo offer with our exclusive link at WynnBET

    The WynnBET app is high-quality and easy to navigate. It offers a good free bet welcome bonus with a WynnBET promo code.

    Other Sportsbooks Available In Tennessee

    Action 24/7

    The Action 24/7 sportsbook features Tennessee-specific offers and special deals on in-state teams in addition to a full-fledged sports betting portfolio. There are also various free-to-play games on Action 24/7 that allow players to win cash, branded swag, and wagering credits. All in all, it’s a top-notch Tennessee sportsbook.

    • Action 24/7 TN Bonus Offer: 100% deposit match up to $400 (T&Cs apply)

    Barstool Sportsbook

    Owned by Penn National Gaming, Barstool Sportsbook offers competitive lines and some of the most unique ongoing sports betting bonuses in Tennessee. It also does a great job of incorporating its sports personalities. So if you’re already a fan of the Barstool brand, you’ll enjoy this.

    • Barstool Sportsbook TN Bonus Offer: Risk-free bet up to $1,000 (T&Cs apply)

    TwinSpires Sportsbook

    Churchill Downs owns both TwinSpires and BetAmerica, but has since rebranded the BetAmerica platforms in the US to TwinSpires. The platform now offers both sports betting and horse race betting in Tennessee. You can bet via mobile app as well as directly on the website. 

    • TwinSpires Sportsbook TN Bonus Offer: Risk-free bet up to $1,000 (T&Cs apply)

    Wagr Social Sportsbook

    Wagr social sportsbook doesn’t take bets against itself. Instead, it hosts a platforms for users to bet on sports against each other. It was licensed by the state in September 2021 to offer sports betting, and it started accepting members as part of a soft launch later that month.

    To be clear, Wagr is not a sweepstakes site, which is sometimes called a social casino or social sportsbook. Rather than allow bettors to wager for free to win cash prizes, it’s a peer-to-peer platform that charges small fees for taking the bets.

    Sportsbook That May Come To Tennessee

    PointsBet

    PointsBet has been rising through the ranks of the sports betting world to become a true contender. Its presence in newly legalized states like Illinois and Colorado bodes well for a possible Tennessee launch. 

    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 are online-only, meaning customers will have no existing preference based on a casino partner or loyalty program. Instead, bettors have their pick of the litter when it comes to deciding which sportsbook to use. Here are common promotions and Tennessee sports betting bonuses to keep an eye out for:

    Deposit Match Bonus

    Deposit matches are offered at many online sports betting sites. They essentially increase your account fund the first time you make a deposit. For example, DraftKings offers a 20% deposit match up to $1000. Casual bettors may wish to deposit less upfront, and that’s okay–even a more modest $200 deposit would get you a $40 bonus credit. The minimum is just $5 as well.

    Check for special deals, too. Some sportsbooks will offer deposit matches to existing members as part of a limited-time bonus.

    Risk-Free Bets

    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 as free bets or betting credits. If you win your bet, you simply receive your wager and winnings back, and no bonus is awarded.

    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.

    FanDuel, BetMGM, and WynnBET all offer risk-free bets to new players in most states in Tennessee. Check for terms and conditions, though. Sometimes you have to place the risk-free bet within a certain time window after signing up, and the refund is given differently depending on the sportsbook (free bets vs. betting credits, for example).

    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 or a wager. The bonus range varies, usually getting you and the referred bettor $50 to $100 either in site credit or as a single free bet.

    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, 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). The Nashville Soccer Club joined Major League Soccer (MLS) with its inaugural season in 2020.

    Professional leagues undoubtedly make up a huge slice of Tennessee’s sports betting revenue, including Super Bowl betting. 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. 

    Tennessee College Sports Betting

    College sports betting is 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 are available at Tennessee’s sportsbooks. 

    There’s no shortage of worldwide sports on most betting sites. Tennessee operators 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 are 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. Because 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 available in the Volunteer State. 

    PayPal

    PayPal is commonly accepted at sports betting sites and is available at Tennessee’s sportsbooks, too. The service allows you to deposit money into your sportsbook account with just a few clicks. 

    Credit And Debit Cards

    Credit/debit cards are simple and effective. Pretty much every regulated US sportsbook accepts them, and Tennessee keeps up that trend. Use them with caution, though, because banks commonly decline sports betting transactions, and credit card deposits usually count as cash advance charges.

    Prepaid Cards

    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. 

    Online Banking

    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

    Cash is actually the only deposit method not 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?

    It’s tough to identify the most popular online sportsbook in Tennessee due to the TN Lottery being pretty close-chested about who’s bringing in what. The revenue report for August 2021, for example, merely showed the amount of sports betting handle for all sportsbooks combined.

    In August 2021, Tennessee sportsbooks handled $144.5 million. Of that amount, the sportsbooks paid out $131.3 million to bettors, profiting a total of $10.1 million between the nine platforms.

    However, if we look at the most popular sports betting apps in the US as a whole, it’s a safe assumption that FanDuel, DraftKings, BetMGM, and Caesars are taking the majority of the betting handle.

    What Do I Need To Create A Tennessee Sportsbook Account?

    To register at Tennessee sportsbooks, apps will ask you for the following information:

    • Name
    • Date of birth
    • Address
    • Email
    • Phone Number
    • Password (you’ll create one)
    • Last 4 digits of your SSN

    From there, you’ll have to verify your location. Typically sportsbooks will use your phone’s built-in GPS to do this, but some require 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/gray 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

    The Tennessee Lottery oversees all legal, regulated sportsbooks in Tennessee. If you’re unsure whether a specific sportsbook site is sanctioned by the state, scroll to the bottom. Legitimate and licensed sites include licensing information clearly visible on their site or app, 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 often only provide one or two ways to deposit, and they don’t protect your data as well as regulated sites do. 

    Customer Support

    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

    What is the legal online betting age in Tennessee?

    21. Anyone 21 or older is able to place bets on Tennessee’s online sportsbooks.

    Online sports betting sites request that new bettors confirm their identity and age using a government-issued form of identification or a Social Security Number.

    Is DraftKings sportsbook legal in Tennessee?

    Yes. Tennessee allows for online sports betting and DraftKings is one of the operators with a license to launch in the state. New members at DraftKings TN Sportsbook can receive a 20% deposit match up to $1,000.

    Is FanDuel sportsbook available in Tennessee?

    Yes. FanDuel a licensed sports betting operator in Tennessee. New members at FanDuel TN Sportsbook can place their first bet risk-free up to $1,000.

    Do Tennessee sportsbooks offer credit?

    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, but that usually counts as a cash advance transaction, which comes with fees and high APR.

    Can I bet on college sports in Tennessee?

    Yes. College sports are incredibly popular in Tennessee, and bettors can 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 isn’t allowed on college sports in the state. 

    Do I have to visit a casino to create my Tennessee online sports betting account?

    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, SSN, and preferred deposit method. 

    About the Author

    Cole Rush

    Cole Rush is a Chicago-based freelance writer in the gambling, media, and entertainment space. His work has been showcased in various gaming industry magazines and online columns. Prior to freelance writing, Cole spent seven years in communications at a gambling and lottery supplier. Cole writes for a number of online and print publications, including The Quill To Live, a book review site.