Tennessee Sports Betting: Best TN Online Underscoreg Sites July 2024

TN sports betting key developments and updates

As of June 17, 2024, Fanatics has made a slight adjustment to its welcome offer. New players are still able to earn up to $1,000 in bonuses, but now they can do so by placing qualifying $200 wagers for each of the first five days after registering.

In April, the Tennessee Sports Wagering Advisory Council reported that $384.2 million in wagers were placed at online and retail sportsbooks. This marked a decrease of almost $100 million from March, but it was still considered a positive report due to the nearly $60 million increase from April 2023.

On April 15, 2024, DraftKings updated its Tennessee welcome bonus to include a new offer of betting $5 and receiving $200 in bonus bets, along with a No Sweat SGP for each NBA Playoff date.

On March 12, 2024, Tennessee sports bettors wagered a total of $378.2 million at state sportsbooks, the first time monthly betting handle has fallen below $400 million since September 2023.

On November 14, 2023, ESPN BET debuts its sportsbook offering in Tennessee.

On August 11, 2023, WynnBET ceases operations in Tennessee.

In May 2023, sports betting in Tennessee produced a handle of $279.8 million, as reported by the Tennessee Sports Wagering Advisory Council on June 16.

On May 18, 2023, Governor Bill Lee approved Senate Bill 475, implementing a 2% tax on sports betting in the state based on an operator’s total handle, replacing the previous tax rate of 20% on adjusted gross income.

On March 5, 2023, the SWAC announced that Tennessee saw its third-highest monthly sports betting handle ever in January, totaling $410.7 million.

On March 1, 2023, Barstool and Hard Rock Underscoreg were fined by Tennessee regulators for breaking rules related to their sports betting operations.

On March 1, 2023, Fanatics received official approval for a mobile sports betting license, signaling the company’s initial progress towards its objective of operating in all major states except New York.

Tennessee sports betting quick facts

Tennessee sports betting promos and bonuses

There has never been a better time for new sports bettors in Tennessee. With all 12 operators competing for your business, they are offering attractive welcome bonuses, loyalty rewards, and ongoing promotions to entice you to sign up for a new account. Some of the top Tennessee sportsbook promos include:

• Caesars: $1,000 first bet insurance offer
• ESPN BET: Up to $1,500 in bonuses
• DraftKings: Bet $5, get $150 in bonus bets

The most effective way to discover a Tennessee legal sports betting site that suits your preferences is by examining the top sportsbook promotions. These promotions often include funds that provide a safety net for your initial wager or help you increase your bankroll through bonus bets and deposit match bonuses prior to placing a bet.

Experienced sports bettors who are already familiar with the industry can still take advantage of welcome bonuses if they are new to a particular online sportsbook. Even if they prefer to stick with their favorite betting sites, veteran bettors can benefit from daily promotions such as odds-boosted events, reduced juice, referral bonuses, and loyalty rewards that can be exchanged for VIP perks.

Gambling problem? Call 1-800-GAMBLER

Best Tennessee sports betting apps

Every Tennessee betting site provides odds for the four major US sports leagues: NFL, NBA, MLB, and NHL. The 12 active online sportsbooks offer popular bet types like moneylines, handicap point spreads, and point totals. However, each operator strives to stand out from the competition by offering unique features. The following overview of sportsbooks in Tennessee showcases each operator’s distinct offerings.

Why FanDuel is the best sportsbook in Tennessee

FanDuel was one of the pioneering online sportsbooks to debut in Tennessee in November 2020. As a trailblazer in daily fantasy sports, FanDuel can now proudly claim its position as an industry leader alongside DraftKings in the competitive world of mobile betting apps.

New players in Tennessee are eligible to place a $5 bet on any sportsbook market and receive $200 in bonus bets if the bet is successful, without the need for a FanDuel promo code. Additionally, FanDuel provides daily promotions such as odds boosts, bonus bets, and reduced juice on a variety of betting markets. Furthermore, all users can take advantage of a daily boost or bonus throughout the entire summer.

FanDuel is one of the few operators that provide live video streaming of select events for those interested in live betting sites. They also offer same-game parlays and unique betting markets, such as live in-game betting, to keep the excitement going after the game has started.

FanDuel sets the standard for customer support and experience. With the highest app store ratings for iOS and Android devices in its industry, Tennessee players are increasingly opting to create a FanDuel account. Visit our FanDuel review for additional details.

Get your payout within 24 hours!

Other Tennessee online sportsbooks and sports betting apps

Caesars Tennessee

Caesars Underscoreg, a well-established player in the Vegas sports betting and casino industry, expanded its operations to Tennessee in March 2021. New players can now take advantage of a $1,000 first bet sign-up bonus by using the promo code SBRBONUS1000. Additionally, players can earn rewards points that can be redeemed for VIP experiences and resort stays at Caesars properties worldwide. This is a convenient option for those who prefer to make their picks from the comfort of their Tennessee home rather than traveling to the desert.

• App Store rating: 4.7/5
• Google Play rating: 4.3/5
• Sign-up bonus: $1,000 first bet on Caesars
• Payout speed: Within 24 hours

Looking for a place to wager on sports in Tennessee? Check out our review of Caesars.

DraftKings Tennessee

DraftKings offers an incredible deal where new customers can receive $150 in bonus bets by simply betting $5. No promo code is required to take advantage of this offer.

The bonus bets will be awarded as six (6) $25 bonus bets.

DraftKings’ app store ratings have consistently led the industry since its launch as a daily fantasy sports destination, regardless of whether you use an iOS or Android device.

• App Store ratings: 4.8/5
• Google Play rating: 4.6/5
• Sign-up bonus: Bet $5, get $150 in bonus bets
• Payout speed: Within 24 hours

Review of DraftKings: The best place to place sports bets in Tennessee

BetMGM Tennessee

Known as the “King of Parlays,” BetMGM’s sports betting app is one of the top-rated options in Tennessee. New players can receive up to $1,500 in bonus bets by using the BetMGM bonus code SBRBONUS when signing up.

BetMGM offers an exceptional loyalty rewards program and multiple ongoing app promotions to incentivize players to keep coming back for exclusive perks.

• App Store rating: 4.8/5
• Google Play rating: 4.5/5
• Sign-up bonus: Up to $1,500 back in bonus bets
• Payout speed: 1-2 business days

Review of BetMGM: The best place to bet on sports in Tennessee

SuperBook Tennessee

SuperBook, a newcomer to Tennessee that just debuted in April 2022, is looking to make a big impact in the Volunteer State with an enticing welcome bonus. New players can receive a 100% match bonus on their initial bet, with a maximum bonus of $1,000. This means that if you bet $500 as your first wager, SuperBook will match that amount and give you an additional $500 in bonus funds.

Please be aware that the terms and conditions specify that your first bet must be placed on the day of your initial deposit. This window of time is limited, so it is recommended that you check the available betting options for that day before registering and depositing funds to make the most of the welcoming bonus offer.

• App Store ratings: 3.8/5
• Google Play rating: 3.8/5
• Sign-up bonus: 100% bonus match on first Bet
• Payout speed: 3-5 business days

Check out our review of SuperBook to find the best place to bet on sports in Tennessee.

Fanatics Tennessee 

Fanatics offers one of the most generous welcome bonuses available, with the opportunity to receive up to $1,000 in bonuses. In addition, you will receive bonus bets regardless of whether your qualifying wagers are successful. No promo code is needed to take advantage of this promotion from Fanatics.

Upon signing up with Fanatics, customers have access to daily promotions that offer bonus bets, profit boosts, and other perks. Simply locate the Power Hour offer in the promotions tab for further information.

• App Store rating: 4.7/5
• Google Play rating: 4.5/5
• Sign-up bonus: Up to $1,000 in bonuses
• Payout speed: Within 24 hours

Tennessee sportsbooks honorable mentions

While they may not have made it into SBR’s top six Tennessee sports betting sites, it’s still worth exploring the reviews of each operator. Be sure to click on the links below to read detailed critiques of six other reputable mobile betting sites and apps available in the Volunteer State.

• Action247 review
• Bally Bet review (Tennessee launch still pending)
• ESPN BET review
• Betly review
• Hard Rock review
• Wagr review

How we rate and review Tennessee sports betting sites

The editorial team at Underscoreg Review dedicates extensive time to thoroughly researching every online sportsbook launching in Tennessee. Our experts aim to deliver unbiased and comprehensive reviews to give players the latest and most precise evaluations of each betting site. When evaluating and critiquing, we prioritize six key categories that are crucial in our final reviews.

Welcome bonuses and promotions

Operators in the sports betting industry acknowledge that it is a competitive and challenging business to stand out in. To make a mark in the Tennessee online sportsbook market, offering substantial welcome bonuses and distinct promotions can help attract and retain players.

In the present day, there are three main types of welcome bonuses available: first bet insurance, bonus bets, and deposit match bonuses. Additionally, ongoing promotions include loyalty rewards, referral bonuses for signing up friends and family members, odds boosts, bonus bets, and reduced juice on the most important events of the day.

User experience

It is simple for most people to distinguish between a positive user experience and a poor one. Factors such as the ease of the sign-up process, available banking methods for first deposits, site navigation, variety of bet types and markets, presence of live video streaming, security of the app for personal and financial information, accessibility of customer support through various channels and availability of support 24/7 or during specific hours all contribute to the overall user experience. The more positive experiences users have, the higher SBR’s grade will be for these Tennessee sports betting sites.

Sports bet variety

New players often find themselves sticking to the most popular betting options like moneylines, point spreads, and over/under totals. However, top online sportsbooks stand out by offering a diverse range of betting options including European soccer, tennis majors, PGA tour, MMA and UFC fights, and boxing events. They also provide unique prop bets and special betting markets such as sports crossover parlays.

Banking options

Legal sports betting has revolutionized the banking experience for players in Tennessee and across the United States. Previously a source of friction between players and sportsbooks, banking is now seamless and convenient. Tennessee sportsbooks now accept major credit and debit cards such as Mastercard and Visa, as well as digital banking options like Paypal and ACH bank wire transfers for enhanced security.

Payout speed

When it comes time to cash out at Tennessee’s online sportsbook, speed is crucial. No one wants to wait to receive their winnings, which is why most operators aim to process withdrawal requests within 48 hours. Using digital methods, funds should be in your bank account within three to five business days. If you opt for a physical check, it can take up to 15 business days to arrive in the mail.

Security and customer support

When constructing their reviews, the SBR editorial team places a high priority on app and site security. They strive to guarantee that every operator utilizes the most up-to-date encryption software to protect players’ sensitive personal and financial information shared with the sportsbook and vice versa during banking withdrawals.

As sports betting has gained immense popularity in recent years, it is imperative for operators to prioritize customer support options rather than assume new players have all the answers. The top Tennessee sportsbooks provide 24/7 customer support through live chat, phone, and email.

How to start betting in Tennessee

If you’re feeling confident in the Titans’ chances of winning the AFC South or even pulling off a Super Bowl 58 victory, or if you have faith in Ja Morant leading the Grizzlies to the Western Conference Finals and beyond, these are bets that you won’t forget. To kickstart your betting journey, just follow these simple steps.

Select a sportsbook licensed in Tennessee

To start, make sure to review all 11 online sportsbook reviews researched by SBR’s editorial team. This will help you gain the necessary insight and information to determine which sports betting app is the best fit for your needs.

After selecting your favorite, install the sports betting app on your smartphone or tablet.

Register online

To continue, you must set up an account by opening the sports betting app on your device. When registering, the operator will ask for essential personal details such as your full name, home address, email address, and date of birth. Additionally, they may request your social security number to aid in verifying your identity and prevent fraudulent accounts from being created in your name. Providing your social security number can also speed up the process of receiving payouts when you win.

After receiving a verification link from the operator, you will need to activate your new account. Following this, it is important to set up a unique username and password. For increased security, it is recommended that your password includes a combination of upper and lowercase letters, special characters, and numbers, and is at least eight characters long.

Deposit and claim a bonus

Once you have set up your new account with a username and password, it is time to visit the cashier’s page. Here, you can sync your banking information. The majority of Tennessee online sportsbooks allow you to fund your account using major credit and debit cards, Paypal, and ACH bank wire transfers.

Make sure to have any necessary promo codes ready before submitting your first deposit to redeem a welcome bonus. It is important to enter the bonus code when making your initial deposit to ensure you receive the bonus.

Select and finalize your bet

Once your account is funded, you can explore the various betting markets on the online sportsbook. Take the time to compare odds for different sporting events, live betting options, and player props. You might choose to watch the Tennessee Volunteers basketball team in the first half before placing a live bet on the second half, or predict the number of blocks Jaren Jackson will have for the Grizzlies against the Los Angeles Lakers. The opportunities are limitless when creating your Tennessee sports bet slip.

Once you have entered all your bets, click on “submit bet slip” to confirm your wager.

Win and withdraw your payout

Picture this scenario: Derrick Henry scores a game-winning touchdown, securing a three-leg parlay on a Sunday afternoon in the autumn. Excited to cash out your winnings, simply return to the cashier’s page where you initially deposited funds and select the withdrawal option. Enter the amount you wish to withdraw from your bankroll and click submit. Cash out requests can be processed in as little as 15 minutes, with funds typically transferred to your chosen banking method within a few business days. Keep in mind that if you opt for a physical check, it may take up to 15 business days to reach your mailbox. Therefore, it is advisable to utilize digital payout methods for faster withdrawals.

Tennessee sports betting handle

In November 2019, Tennessee allowed mobile sports betting operators to launch, resulting in a total betting handle of $312 million. Since then, the state has seen consistent growth in 2021 and 2022. Tennessee sports operators accepted $2.6 billion in wagers in 2021 and increased to $3.83 billion in 2022. Despite a decrease in January 2023 due to the NFL postseason and fewer games available for betting, the total handle was still up by almost $25 million compared to the previous year.

Tennessee’s sports betting handle for 2023 reached an impressive $4.7 billion, despite having only 12 active online sportsbooks and no physical retail locations for sports betting.

Tennessee sports leagues and teams to bet on

It is clear that Derrick Henry’s playing days may be numbered, and the Tennessee Titans are losing their firm grip on the AFC South. However, the Memphis Grizzlies are emerging as strong contenders in the NBA’s Western Conference, aiming to claim the throne long held by the Golden State Warriors.

In Tennessee, bettors have the opportunity to place wagers on the NFL, MLB, NHL, and NBA. It is important to make smart bets based on analysis rather than emotions. It is common for beginners to only bet on teams they are familiar with, but this can lead to losses. Before betting on a local team, it is crucial to research injury reports and weather forecasts to make informed decisions and prevent disappointment.

Despite being less popular, Major League Soccer odds can still be found for betting on Nashville SC and other MLS matchups in Tennessee. In addition, Tennessee sports betting sites also offer odds for PGA, professional tennis, UFC, European soccer, and premier boxing events.

Sports bettors have the option to review the leading sportsbooks for individual sports, leagues, playoffs, and categories.

Legal Tennessee sports betting options

Tennessee currently has 11 active online sportsbooks. TwinSpires mobile betting exited the market in the first quarter of 2022, following the trend in other states. However, two new sportsbooks, Fubo_GS and BallyBet, have obtained licenses from the SWAC and are preparing to launch. ZenSports has also submitted an application to enter the Tennessee market.

Tennessee’s online and mobile sportsbooks

Land-based Tennessee sportsbooks

There are currently no land-based sportsbooks in Tennessee. Those looking to visit a retail sportsbook will need to travel to neighboring states such as Mississippi or Arkansas, which have three sportsbooks available for in-person betting.

Who can bet on sports in Tennessee?

Legal age

In order to place bets on sports at Tennessee’s 11 online sportsbooks/sports betting apps, you must be at least 21 years old.

Mobile betting

In 2019, Tennessee legalized mobile betting, and the first online sportsbooks launched in November 2020. Currently, there are 11 active online sportsbooks, with two more coming soon. The state has unlimited sports betting licenses to promote further growth in the industry.

Remote registration

Tennessee sports bettors have the advantage of being able to easily register remotely at any of the 11 online sportsbooks available in the state, as there are no retail sportsbooks. The registration process is quick and should take less than 5 minutes to complete.

Within state borders

Residency in Tennessee is not required to access the state’s online sportsbooks and sports betting apps. However, operators utilize geotagging technology to verify that users are within the state’s borders when logging in or placing bets. If you are not located within Tennessee, you will not be able to sign in or place a wager.

Retail sportsbooks

Currently, Tennessee does not have any retail sportsbooks or casinos, and there are no immediate plans to build any in the near future. To access these amenities, you will need to visit neighboring states such as Mississippi and Arkansas.

Taxable winnings

Sports bettors in Tennessee can enjoy their winnings tax-free as there are no state-based taxes on sports betting profits. However, federal tax regulations stipulate a 25% tax on all profits from sports betting. It is important to keep detailed records of wins and losses in order to offset some tax liability and potentially write off losses.

What you can’t bet on in Tennessee

Since 2019, sports betting has been permitted in Tennessee under the Sports Gaming Act, allowing for betting on a wide range of sports including the NFL, MLB, NHL, NBA, PGA, MMA, and European soccer. However, certain niche pop culture categories may differ in legality from state to state.

Politics ❌

Betting on political events is prohibited in Tennessee and other states where sports betting is allowed. Odds for the 2024 presidential election or Canada’s next Prime Minister will not be available.

Entertainment award ceremonies ❌

While betting on award ceremonies such as the Oscars or Emmys is not permitted, Tennessee law allows for wagering on special events like the NFL Draft. This means that you can place bets on outcomes such as “Which position will the Titans select with their first-round pick?” and “Will over or under three quarterbacks be drafted in the first round of the 2023 draft?”

eSports ✅

Despite being a conservative state in terms of sports betting, Tennessee is surprisingly forward-thinking when it comes to allowing bets on eSports events. A unique aspect of this policy is that every video game tournament and associated eSports betting market must receive approval from the SWAC before being listed.

What about Tennessee college sports?

You are allowed to place bets on college sports games involving teams from both in-state and out-of-state. So, if you want to support Memphis during March Madness or believe the Vols will cause an upset in the SEC on a Saturday in the fall, you are free to do so. However, live betting on college sports events is not permitted, and you will not find odds for player prop bets on college games.

Responsible Tennessee sports betting

True sports enthusiasts are familiar with the SWAC as the Southwestern Athletic Conference, but in Tennessee, it also goes by the name of the Sports Wagering Advisory Council. This regulatory body took over the responsibility for overseeing all types of sports betting from the Tennessee Education Lottery in early 2022. The SWAC is in charge of processing operator applications, issuing licenses, enforcing laws, and ensuring that every online sportsbook follows the rules. Any violations will result in fines being enforced by the SWAC.

Operators in the state are required to pay a $750,000 annual fee, with profits taxed at a rate of 20%. Tennessee is unique in its enforcement of a 10% hold rate, meaning sportsbooks can only pay out 90% of their betting handle for the year. This regulation ultimately results in higher tax revenue for the state of Tennessee.

In addition to overseeing daily operations, the SWAC also provides assistance to individuals struggling with gambling addiction. Those in need can reach out to the state’s 24/7 hotline at 1-800-889-9789, which can be contacted via phone call or text message.

Call the national U.S. gambling hotline at 1-800-GAMBLER.

Underscoregs to avoid in Tennessee

Governor Bill Lee chose not to sign the Tennessee Sports Gaming Act into law, possibly due to concerns about the state losing money to offshore sportsbooks and illegal sites. These unregulated operators have been a presence in the US gaming industry for years, but with legal sports betting now available in Tennessee, it is important to steer clear of them.

The Sports Wagering Advisory Council is responsible for ensuring operators maintain honesty and fair gameplay standards. They closely monitor for any offshore entities attempting to offer their services in the state, such as the three sportsbooks listed below.

Growth of sports betting 📈

Since the repeal of PASPA by the U.S. Supreme Court in 2018, the legal sports betting industry in the United States has experienced a significant increase in growth. Nearly thirty states have now passed laws legalizing sports betting in some form, with many allowing for online sportsbooks and mobile betting apps to be licensed. For more information on the status of legal sports betting in a specific state, consult our legal sports betting tracker.

In the last two years, Ohio and Massachusetts have experienced highly successful online betting debuts. These launches have provided sports fans with a new way to connect with their favorite teams, while also generating significant revenue for the states through licensing fees and taxes.

Legal North Carolina sports betting officially launched on March 11, 2024, introducing eight top sportsbooks to the Tar Heel state. The arrival coincided with the Copa America and Euro 2024 soccer tournaments, fueling excitement and expanding opportunities for sports betting enthusiasts throughout the summer.