Tennessee legalized sports betting in 2020, and since then, nine online sportsbooks have been approved for Tennessee’s sports betting licenses. All of these betting sites have bonus offers for new bettors, and you can use these to bet on the TN sports teams. Real money promotions let you get a bit more out of your sports bets too. Let’s check out what welcome bonuses you can get at the Tennessee sportsbooks.
Tennessee sports betting market currently has eight active, legal online sportsbooks. You can get welcome bonuses at almost all of the Tennessee sportsbooks; offers for new sign ups include deposit bonuses and risk free bets. We’ve also listed all the promo codes you’ll need for some of the new user bonus offers.
When you sign up for a new account on the sportsbook apps in Tennessee, you’ll get the welcome bonus after you 1) deposit funds or 2) bet your first wager. The bonus money will be either deposited straight into your player’s account, or you’ll get site credits for your next sports bets.
A welcome bonus for new sign ups always has terms and conditions attached to it. You have to wager your site credits within certain time period, e.g. a week, and sometimes you have to bet it on certain bet types or sports. In addition, there might be significant restrictions on minimum and maximum odds for free bets, and minimum deposit amount. Most often you can find these conditions in the fine print from the operator website, or from BonusFinder US reviews.
The wagering requirement is the most important thing you should check out when you opt in for bonus money, as it tells you how many times you have to wager the full bonus before you can cash winnings out. For example, at DraftKings Sportsbook you’ll need to wager through the entire amount of the deposit bonus 25x before you can withdraw any winnings. Most other bonuses, like risk free bet offers, just require you to bet your free bet offers once before withdrawing.
DraftKings Tennessee deposit bonus gets you a lot of free money, but you’ll need to place a lot of sports bets to withdraw.
⭐ Types of Welcome Offers
New bettors can enjoy several types of betting bonuses, as there are a variety of online sportsbooks in Tennessee. In addition, the Tennessee Lottery and the Sports Wagering Advisory Council can approve an unlimited number of sportsbook operators, so there will be more offers online in Tennessee in the future. Retail sportsbooks rarely have bonus credits, and bettors must use their own money.
Risk Free Bets
The majority of the legal Tennessee operators have a risk free bet offer to new sports bettors. A risk free wager means the online sportsbook will compensate you with site credit or free money if your first bet loses. If it wins, you don’t get the bonus. Usually, you can spend risk free bets on anything, and you can withdraw the winnings (but not the stake) after you wager the free bet.
Sportsbook free bets are quite rare welcome offers for new players, but they might come up every once and a while. A free bet is literally site credit given to you for signing up (no deposit free bets), or for betting a certain amount on your original wager. There is only one free bet offer live in Tennessee, on WynnBET, but you can also take advantage of free bets from sportsbook promotions for existing customers.
A first wager match differs from a risk free bet in one big way: you get the free bet even if your initial bet wins! In our opinion, these are better bonuses than deposit bonuses or risk free bets. Currently no sportsbook in the Volunteer State has a bet match offer, as it is not a common type of bonus.
Some sportsbooks also use first deposit bonuses to attract customers, although they are more common on online casinos. In return for depositing cash, your site will give you a sign up bonus matching a certain percentage, and up to a specific cap. For example, DraftKings offers 20% up to $1,000 deposit bonus, which means you’ll need to deposit $5,000 to get the $1,000 bonus. Playthrough requirements are also a more significant factor her than for other types of bonuses.
How to Claim a Sportsbook Bonus
Claiming an online sports betting bonus is quite easy, you just need to follow a couple simple steps at each of the online sportsbooks.
Register at one or more of the online sportsbooks
You'll need to provide personal information like your address and date of birth on the form, to verify you are of legal gambling age (21 years of age). These are required by all sportsbooks, so no need to worry; all your info will be kept safe.
Opt in for a bonus
Whether it's free bets or deposit bonuses, you'll need to indicate you want the offer. Some online sportsbooks require a bonus code; remember to insert it in the correct field.
Tennessee's online sportsbooks have several online banking methods each, and you can deposit real money on your bankroll with debit cards, PayPal, Play+, or bank transfer.
As you've seen, some welcome bonus offers require you to bet before getting the bonus. Fortunately, the sports betting industry in Tennessee provides plenty of major sports from college basketball to Major League Soccer. Make sure you're within state lines before wagering! If you need help with a gambling problem, call Tennessee REDLINE at 800-889-9789.
⭐ Sportsbook Promotions
Tennessee online sports betting sites also provide weekly betting promos for existing users, and you can get these for multiple bets every day. Most of them don’t require promo codes, and sports betting apps highlight these for all users. Let’s check out some common types that TN sportsbooks offer.
Reload bonuses: Reload bonuses are among the most common promos out there. Here’s how they work: in return for re-depositing a minimum amount (usually $10-$20), they’ll match to a certain percentage/cap. Let’s say DraftKings is offering a Monday Night Football 50% reload bonus. They’ll give you 50% of whatever you put on the site, up to a limit of $100. To max out this promotion takes only $200 – not a bad deal!
Profit boosts: Profit and odds boosts are exclusive to legal sportsbooks. A profit boost magnifies the money you make on a wager. For instance, let’s say you apply a 20% profit boost to a wager that will pay you $200. If you win, you’ll make $40 EXTRA on top!
Odds boosts: What about odds boosts? As the name suggests, it applies its magic to the odds part of the equation. For instance, let’s say you’re betting on the Memphis Grizzlies to win at -180. An odds boost might change that to -220, leading to an increased payout if you win!
Insurance promos: We’ve all experienced the sting of the “miracle comeback.” The underdog comes from behind to win at the last minute – the result hurts! Insurance promos, most common being parlay insurance, can protect your investment. If a last-minute comeback turns your bet into a loser, it will pay part or ALL your stake back!
Free bets: Like mentioned before, you can also find free bets in the promo section. You can get a small free bet after betting on a certain game, like on college football on a Saturday, or placing a certain type of bet, most often a parlay.
Tennessee online sportsbooks offer free bet opportunities and other ongoing promotions for online gambling.
Getting a promo from a sports betting app is super simple: in most cases, just opting in and following the rules is enough. Some promotions are given to you immediately after the conditions have been fulfilled, but in general you need to click a box to make sure you’ll end up with the offer you want before you place bets.
⭐ What Is the Best Bonus in TN?
Caesars Sportsbook in Tennessee has the single most lucrative bonus for Tennessee bettors. Your first bet is up to $1,250 on Caesars, plus you’ll receive 1000 Tier Credits & 1000 Reward Credits®. This means you can get a big bonus bet with few strings attached for mobile sports betting in Tennessee. The industry standard is one bonus per customer, so take advantage of the offers when you make a deposit.
Last updated: 11/10/2022
1️⃣ What are the most popular betting markets in Tennessee?
Like in most states, professional sports teams usually top Tennessee bettors' bet slips. Tennessee Titans in the NFL, Nashville Predators in the NHL, and Memphis Grizzlies in the NBA are sports fans' perennial favorites, although college sports like March Madness are also popular. Super Bowl futures, player props, and team wins are common first bets for bettors in Tennessee. Please gamble responsibly!
2️⃣ How do I use risk free bets?
A risk free bet means that your first sports bet is paid back if you lose. If your first wager is graded as a loss, the TN sportsbook gives you free bet(s) worth your losing wager up to a certain point. If the full value is higher, you won't be compensated for the part that goes over. You can then wager the free bet and keep the winnings, but not the stake.
This is one of the most popular sports betting apps' bonuses, for example both BetMGM and Barstool Sports offer a risk free bet bonus for sports betting.
3️⃣ Do I need promo codes for free bets and deposit bonuses?
It depends, some sites require bonus codes and some do not. Currently you only need promo codes for Action247 (GET50), Caesars (FINDER15), and BetMGM Sportsbook (BONUSMGM). If you need to check different types of codes, this is the right page for it!
4️⃣ What is the best Tennessee sportsbook?
The daily fantasy giant's DraftKings Online Sportsbook is probably the best for sports bets out of the competition. They have information on the industry, tons of live betting markets, promotions & fast withdrawals, as well as a decent welcome offer for new customers. They run their online sportsbooks in all states where legal sports betting is available, and have an online casino available in five states. Recently they've also launched loyalty programs. All in all, you can't go wrong with the DK app, downloadable for both iOS and Android.