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Best Tennessee Sportsbooks 🎖️ May 2022

Sports fans rejoice: Tennessee sports betting market is ramping up. DraftKings, FanDuel, BetMGM and Action247 were the first four online sportsbooks to open, and other Tennessee online sports betting sites have since followed. Exactly what can bettors expect from Tennessee sportsbooks? BonusFinder US breaks down all the information you need to know in this extensive review about Tennessee online betting and gambling websites.

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⭐ Tennessee Online Sports Betting

TN Sportsbooks

Tennessee launched legalized sports betting platforms on Nov 1, 2020. Now there’s many legal online sportsbooks to choose from.

On April 30, 2019, online sports betting became legal in Tennessee, as Gov. Bill Lee chose to let the Tennessee sports betting bill, championed by Rep. Rick Staples (D, Knoxville), pass the governor’s desk without his signature. On paper, it seemed to be one of the most progressive betting laws. At the time, Tennesseans praised the Volunteer State law for the online-only model for the Tennessee market. In short, Tennessee was the first state that didn’t require mobile betting operators to partner with retail casinos or retail sportsbooks. Since then, Wyoming has joined the mobile-only crowd with no physical sportsbook locations.

Rules & Regulations

Permitting online-only sports betting did not come without controversy, but the market has been attracting operators since the betting bill was introduced. Licensees must pay a licensing fee of $750,000, then another $750,000 annually. In addition, the gross gaming revenue tax rate is 20%, which is on the higher side of the industry. Operators must also buy official league data to settle the bets, and live betting & prop bets based on an individual’s performance are not allowed on college sports. Local bettors must be 21 years old to register at a sportsbook.

10% Hold Requirement

The mandatory hold requirement caused the biggest uproar among the operators, as they are required to keep 10% of the money wagered and offer worse odds. In other words, in order for a bettor to win $100, they must wager more than they would in other states or on an offshore sportsbook. Tennessee regulators argued that the hold ensures taxable revenue and prevents bigger books from undercutting the smaller ones. While top sportsbooks have tried to fight against the 10% hold, the rule will continue in 2022 as well. The tax revenue is spent on education, infrastructure and other necessary projects.

⭐ Tennessee Sports Betting Sites 2022

The previous governing body Tennessee Education Lottery Corporation finally launched legal sports betting on November 1st 2020. Four TN sports betting operators launched sportsbooks the opening weekend. Given the size and market potential of legal online sports betting, it attracted the biggest players in the online sports betting industry, and more are on their way. The approved sportsbooks have Tennessee sports betting bonuses up to $1,100 for new players.

Tennessee Sportsbook TN Bonus Bonus Code To Claim Bonus
Action 24/7 $400 bonus GET50
BetMGM Tennessee $1,000 new players bonus BONUSMGM
DraftKings Sportsbook $1,000 risk free bet N/A
FanDuel TN $1,000 risk free bet N/A
Caesars Sportsbook $1,100 first bet insurance FINDERCZR
WynnBET Bet $10 Win $200 N/A
Barstool risk free bet up to $1,000 + $10 free money N/A
Wagr N/A N/A
SuperBook N/A N/A

1. Tennessee Action 24/7

Tennessee Action 24/7 or Action247 is an exclusive Tennessee sports betting operator, and one of the first online sportsbooks to launch. They try to compete with the sports betting leaders with their locality and their great ongoing promotions. Action 24/7 is available on desktop, Android & iOS.

2. BetMGM Sportsbook

The iconic Las Vegas mainstay MGM Resorts International and their sportsbook BetMGM became the first online sportsbook to open an TN sports betting app. They offer new customers their first wager up to $1,000 risk free in the Volunteer State with BetMGM bonus code Tennessee BONUSMGM. In addition, the rewards program is iconic.

3. DraftKings Sportsbook Tennessee

DFS industry leader DraftKings Sportsbook is the most widely distributed online sports betting brand in the United States and really sets the industry standards. Their daily fantasy sports site was already available in the state, and their online sportsbook launched in Tennessee sports betting as soon as possible. No DraftKings Tennessee promo code needed for the new user bonus.

DraftKings TN bonus

DraftKings has a 20% up to $1,000 deposit match welcome bonus package for a new sports bettor in the Volunteer State.

4. FanDuel Sportsbook

FanDuel already had daily fantasy sports in the state of Tennessee, and they were quick to hop on the sports betting bandwagon. FanDuel Tennessee is also an official sports betting partner to numerous teams and leagues in the U.S. Additionally, FanDuel bettors can get a first bet risk free up to $1,000, no FanDuel promo code Tennessee needed.

5. Caesars Sportsbook Tennessee

Caesars Sportsbook is a Las Vegas giant with almost limitless resources. They launched in Tennessee after rebranding William Hill. Caesars gives new players a $1,100 insurance for your first bet when you first sign up for the sportsbook on your smartphone; use the promo code FINDERCZR when asked. Note that if you were a William Hill customer, you can’t get the bonus. Caesars, like FanDuel, offers a lot of options for in-game prop bets and plenty of real money promos.

Caesars Sportsbook Bonus

New Caesars Sportsbook users get a nice bonus for betting in Tennessee.

6. WynnBET Sportsbook

WynnBET Tennessee is another newer Tennessee sports betting license holder, having officially launched in May 2021. Wynn Resorts have an established presence in the US sportsbook app market, and were an expected addition with their Tennessee sports betting app. The WynnBET Tennessee app also gives a Bet $10, Win $200 bonus to a new sports bettor.

7. Barstool Sportsbook

Good news for Barstool fans! Barstool went officially live with their Tennessee online sportsbook on September 8, 2021, after getting approval from the Tennessee Lottery. With their brand recognition, they can be expected to disrupt the current order of betting sites in TN. New users get a bet risk free up to a $1,000 and $10 bonus money for free when they sign up for the site.

8. Wagr

Wagr is a new social sports betting app, which went live in TN online wagering in January 2022. Wagr mobile app differs from Tennessee’s sportsbooks with their unique take on wagering: you are able to bet online against your friends and family, not against the book itself. Wagr says they want to move casual, in-person bets on NFL games and March Madness online, which is an interesting move no online sportsbooks in the US have offered yet. Whether they will have more favorable odds and if they are a viable option for sports betting will be seen soon.

9. SuperBook

The Las Vegas -based platform went live in May 2022. They run fun contests in Nevada, and the online sportsbook has good offerings too. SuperBook hasn’t gained a major share of the market in any of the states it operates, but it’s a fun new option and hopefully we offer a bonus soon too.

⭐ Tennessee Sportsbook Apps

Currently in May 2022, there are nine legal betting apps in Tennessee. However, there’s a good chance more major sportsbook apps will open up. Tennessee bettors can download the most of the gambling apps from the Apple App Store or Google Play Store like any other app, and the mobile apps should work similarly to the desktop computer versions.

TN Sportsbook Mobile Sportsbook Software
Action247 Yes iOS / Android
BetMGM Sportsbook Yes iOS / Android
DraftKings Yes iOS / Android
FanDuel Sportsbook Yes iOS / Android
Caesars Sportsbook Yes iOS / Android
WynnBET Yes iOS / Android
Barstool Yes iOS / Android
Wagr Yes iOS / Android
SuperBook Yes iOS / Android
Action247 Tennessee

Action247 is a local sportsbook, used by many Tennesseans. Download the dedicated apps for the best experience.

⭐ How to Bet

If you are new to wagering, there are a few steps you need to take before you can place your first (live) bet.

  1. Choose a Sportsbook: You can find the online sportsbook app that suits you the best from BonusFinder US extensive reviews.
  2. Register for an Account: Registering is easy, but don’t forget to put in the promo codes for bonuses! You don’t need to be a Tennessee resident to register, but you might miss out on bonuses if your state is looking to launch licensed sportsbooks.
  3. Deposit Money: Many sportsbooks in Tennessee accept several depositing methods.
  4. Choose Your Bets: Pick the sport, league, team, and player you wish to bet on, and what type of bet you want to place.
  5. Check Promotions: See if the operator has any good promotions that might get you extra cash if you end up with a winning result.
  6. Place Your Wager: Now you’re good to go, best of luck!

Registering for an Account

Since there is no retail sports betting in Tennessee, you can register for a Tennessee sports betting account online. Note that you must provide some personal information when you sign up. Don’t forget to include the bonus code or opt in to get the bonuses! The most commonly required fields on the form when registering for a sportsbook account are listed below:

  • First name
  • Last name
  • Gender
  • Date of birth
  • Social Security Number
  • Email address
  • Home address
  • Zip code
  • Mobile phone number
  • Answers to security questions

Banking Options

how to deposit tennessee sportsbook

Like other states, Tennessee will offer a variety of deposit methods.

Now you’re ready to deposit. Note that the Tennessee sports betting law prohibits sportsbooks from extending credit to users, so credit cards are not an accepted payment method. In addition, since there is no retail betting, cash at the casino cage is not accepted. We can’t say with 100% certainty that all online banking options are available for all sportsbook apps, but here are a few common options:

Banking Method Deposits Withdrawals Withdrawal Time
Debit Cards Yes No N/A
Prepaid Cards Yes Yes 2 - 6 hours
PayPal and other e-wallets Yes Yes 2 - 3 days
ACH/Electronic checks Yes Yes 3 - 5 days
Bank Account Transfer Yes No N/A
PayNearMe (7-Eleven & Family Dollar) Yes No N/A

⭐ Sports in Tennessee

So what can you bet on in Tennessee? Professional sports and college sports betting in Tennessee is possible, and there are plenty of teams to bet on. Since most Tennesseans like to bet on teams they know and love, TN sports teams, college games, and sporting events are some of the most popular betting options on gambling sites. Tennessee is home to several major U.S. sporting teams, and many major sportsbooks are partnering with the teams from different sports.

Tennessee Sports

Some of the main teams in sports in Tennessee: Tennessee Titans, Memphis Grizzlies and Nashville Predators.

NFL Betting

AFC South participants Tennessee Titans (former Houston Oilers) weren’t regulars in the NFL playoffs during the 2010s, but did advance to the AFC Championship game in 2019. This year, their odds of winning the Super Bowl are slim at best. However, a loyal fan base follows home games at the Nissan Stadium on Titans Way during the NFL season. For the sports bettors, player props might be the way to go when wagering on the Tennessee Titans football team. Titans were the first sports team to partner with BetMGM Sportsbook.

NHL Betting

Ice Hockey in Tennessee is a big deal. The Bridgestone Arena residents Nashville Predators were the Presidents Trophy champions of the 2017-2018 season, but fell short in the playoffs. While they are not the Central Division favorites to advance to the Stanley Cup finals, they offer many interesting NHL betting options for futures and prop bets.

MLS Betting

The Nashville SC (Soccer Club) entered the MLS in 2020 as a new sports team, and they haven’t looked half bad during the regular season. Nashville SC games are known for being low-scoring affairs, providing perfect opportunities for betting under for the most part.

MLB Betting

There has been a significant push to get an MLB expansion team to Nashville in the near future. However, the plan is still developing, and it might be some time before Tennessee bettors can enjoy pro sports league level baseball betting in the state. For now, you might look to other teams like the St. Louis Cardinals or the Atlanta Braves, both of which have had great success recently.

NBA Betting

The NBA team Memphis Grizzlies, led by former Rookie of the Year Ja Morant, haven’t made the NBA playoffs from the Western Conference in five years. They are also not considered to seriously compete for the NBA Title for season 2021-22 either. So things are not looking too bright for basketball fans in Tennessee as they visit the FedEx Forum, but maybe new minority owner Justin Timberlake can bring something new to the table.

College Betting

Tennessee state sports wagering rules allow you to bet on college sports in Tennessee; props are mostly prohibited. You can place bets on college sports, and wager on the Power Five Southeastern Conference members Vanderbilt Commodores or University of Tennessee Volunteers college football teams, playing home games at Vanderbilt Stadium and Neyland Stadium with a couple bowl appearances in recent years. You might also be able to bet on another NCAA Division I college football program, East Tennessee State University.

The University of Tennessee Volunteers Basketball is also highly successful compared to the teams in professional sports leagues in the state. While they have not yet made it to the Final Four and won the March Madness title, they have made appearances in Sweet Sixteen. The women’s college basketball program is also one of the best in the US.

College basketball betting offers plenty to bettors, as the Memphis Tigers are another top team in the NCAA men’s basketball tournament, and have even played in the National Championship game. Other local college teams with basketball programs include the Austin Peay State University and Lipscomb University.

Other Markets

As Tennessee sports teams are not very successful, aside from the collegiate sports, casual Tennessee sports bettors might want to check out other sports betting markets. Betting online on the following major sports leagues in international sports and events is available in Tennessee.

  • UFC Betting
  • UEFA Champion’s League
  • English Premier League
  • Tennis US Open
  • Tour De France
  • PGA Tour Golf
  • The Olympics

Horse Racing

In addition to sportsbooks like DraftKings that offer fixed odds on horse races, users can bet on horses legally using designated horse betting apps like AmWager Racebook or TVG. These sites offer horse betting pools, instead of fixed odds betting.

⭐ Available Types of Bets

Sports betting operators offer the following bet types individual players can choose to bet on sports with. You can shop around to find the best betting lines for any wager type.

  • Moneylines: The most common type of bet, where you bet on the winner. For example, you can put on your bet slip the Nashville Predators to win over the Colorado Avalanche. Simple.
  • Point Spread Bets: Sports games are often not evenly matched, and Tennessee’s online sportsbooks try to offer interesting point spreads for bettors. For example, if the Tennessee Titans are playing, the betting site might offer a Titans -7,5 bet. If they win by 8 or more, the point spread bet wins.
  • Prop Bets: The online sportsbook might offer a bet that Tom Brady scores two touchdowns. This is called a proposition bet or a prop bet. Prop bets are available for most sports. You can place props pre-game or in-game.
  • Totals Bet: You can also bet on the total points scored in a game. For example if the Tennessee Volunteers Basketball are playing Kentucky Wildcats, you can bet on whether the combined final score is over or under 150,5.
  • Futures Bet: In futures bets, you bet on a future event. For example, you could bet on the championship game winner or who’ll win the World Series. Futures payouts are huge, compared to totals bets and live bets, but your favorite teams winning it all might be unlikely.
  • Parlays: A Parlay is a combination of multiple bets. For example, if all the Tennessee pro sports teams play on the same day, you can wager that they all win for bigger payouts. Most mobile sportsbooks also offer Same Game Parlays, so you can just bet on one single game, as well as parlay insurance, which allows one of the legs to be wrong.
  • Live Betting: Live betting, or in-game betting is done during the event, and most folks love it. Sometimes you can even place specific in-play wagers like the next foul committed in the Memphis Grizzlies game, and more bets open up as the game progresses.

Are There Bets That Are Not Legal in TN?

Yes, but the only restriction relates to college games. Live betting on collegiate sporting events and collegiate prop bets are not legal in Tennessee sports wagering, but you can place a sports bet on pretty much everything else in the Volunteer State. So a moneyline bet on the Tennessee college football team is okay, but in-game wagering is off-limits.

⭐ Latest Tennessee News

Tennessee sports betting history was made on November 1, 2020 when the first sites went live, after the Tennessee Sports Gaming Act was approved by the Tennessee legislature. Since there has been no brick-and-mortar sportsbooks before, the first year of Tennessee betting has been wrapped up and the betting volume has been on the rise. Multiple sportsbooks launched in 2021, with more expressing interest in launching their sportsbook mobile apps in TN next year. As this is just the beginning of Tennessee betting, we are eager to see what’s next.

  • May 6, 2022: SuperBook is the first of the newly approved sites to start accepting TN bettors.
  • April 21, 2022: TN books had a great March with over $370m in wagering.
  • March 10, 2022: Bally Bet, Betly and SuperBook are approved for a mobile sports betting license; each sportsbook will go live later in 2022.
  • February 24, 2022: Churchill Downs, one of the smaller competitors, announces it will shut down its legal sportsbooks, including the sportsbook in Tennessee.
  • January 20, 2022: Wagr becomes the first peer-to-peer sports betting app to launch in the U.S, starting with Tennessee.
  • January 1, 2022: TN Sports Wagering Advisory Council becomes the official regulator of the sports betting industry in Tennessee, taking regulatory power over from the Tennessee Lottery.
  • November 23, 2021: SWAC declines to remove the 10% hold, but operators are given options to circumvent the practice: pay a fine of $25,000 or pay the difference in taxes.
  • November 22, 2021: Tennessee sportsbooks hit a record $375.3 million in sports bets in October; Wagr is on course to launch within the next 90 days after final approval from regulators.
  • November 1, 2021: Legal TN sports betting hit record handle of $257.3 million September.
  • September 8, 2021: Barstool Sportsbook goes live in the Tennessee’s sports betting market.
  • September 1, 2021: Wagr & Penn National Gaming (Barstool) approved for sports betting licenses by the Tennessee Education Lottery.

Tennessee Sports Betting FAQ

1️⃣ What kind of bonus offers and weekly betting promos can I get from sportsbooks?

The best Tennessee sports betting bonuses are available to all new bettors. Although there is not a huge variety, you can find a suitable bonus offer from the options like risk free bets and deposit match bonuses.

As far online betting promotions go, they are available at all sportsbooks. Most common are insurances for parlay betting and odds boosts to bet on NFL, NBA, and NHL.

2️⃣ Am I able to place wagers in Tennessee using a VPN?

No. In fact, we advise strongly against it. Although Tennessee sports betting apps are not only available to Tennessee residents, the advisory board and sports betting regulation prohibit mobile sportsbook apps from accepting out-of-state wagers. Therefore, sportsbooks track your location using geolocation technology. So make sure to stay within state lines when you bet in Tennessee.

3️⃣ Can I bet on my mobile device in Tennessee?

Absolutely. All sportsbooks in Tennessee have a mobile sports betting app. TN sports betting apps can be downloaded to all mobile devices, and most sportsbooks are available in the App Store and Google Play Store. Android users might have to get some apps from the websites' download page, so make sure you accept downloads from unknown sources to get the Android app.

4️⃣ Is sports betting legal in Tennessee?

Yes. BetMGM, DraftKings and FanDuel were the first TN betting sites to open, and more sportsbooks will join soon and the market offerings will improve. Sports wagering is regulated by the Sports Wagering Advisory Council, and any sports betting app in Tennessee must fulfill licensing requirements before setting up. Note that unlike in most states, there are currently no physical sportsbooks in TN, due to the Tennessee law. Note that you must be at least 21 years old to bet on sports.

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