Tennessee Sports Betting Update – Everything to Know
Online sports betting apps are now live in Tennessee as of November 1st. Mobile sports betting is legal as long as you play at licensed sports betting operators and within the Tennessee border. You can sign-up and bet anywhere using your phone, tablet or on the operator’s website as long as you are over the age of 21.
DraftKings Sportsbook, FanDuel Sportsbook, BetMGM, and Action 247 are the first 4 operators approved by the Sports Wagering Committee of the Tennessee Education Lottery.
Live TN Sports Betting Apps 2021
The full list of Tennessee online sports betting apps that are available to sign-up and start betting today.
Best 4 Tennessee Sports Betting Apps 2021
#1 – BetMGM Tennessee
BetMGM stands among the first wave of online operators approved for legal sports betting in the Volunteer State. BetMGM functions as a product of Roar Digital, a partnership between a pair of gaming giants, MGM Resorts and GVC Holdings. BetMGM is the official sports betting partner for the Tennessee Titans.
BetMGM offers an online sports betting platform that puts it in an elite class in the US market. The BetMGM welcome bonus offers a risk-free bet up to $500 on the first wager made on the platform.
FanDuel operates as one of the most recognizable brands on the legal sports betting scene in the US. New players at FanDuel Sportsbook TN can take advantage of a $1,000 risk-free bet offer after making their first deposit.
DraftKings Sportsbook is now live in Tennessee. The brand has established itself as one of the top choices for legal sports betting in the US and offers mobile wagering in eight other US states.
New users that join Draftkings Sportsbook Tennessee will get up to $1,000 deposit bonus. The match is 20% up to $1,000 and available on your first deposit
#4 –Tennessee Action 24/7
A newcomer on the legal sports betting scene, Tennessee Action 24/7 became the fourth operator approved for launch in Tennessee.
Tennessee Action 24/7 is a Nashville-based company and the brainchild of analytics expert Tina Hodges. Hodges calls the new brand “a sportsbook BY Tennesseans, FOR Tennesseans”. They do not have an iOS app available and are currently only available via their website and Android app.
TN Sports Betting Update – January 2021
Tennessee sports betting did excellent in its first full month with over $131 million dollars bet.
There are three additional sports betting operators that have applied to offer sports betting in Tennessee: William Hill, WynnBet, and BetAmerica. They are still waiting for confirmation from the Tennessee Lottery to launch but will likely join the current set of sports betting apps in late January or early February 2021.
Tennessee Sports Betting Bonuses
- FanDuel Sportsbook: Get $1,000 Risk-Free Bet
- BetMGM Sportsbook: Get 100% up to $500 Deposit Match
- Draftkings Sportsbook: Get 20% up to $1,000 Deposit Match
Deposit Match Bonuses
Many different legal online gambling platforms offer deposit match bonuses, but the terms and conditions of each can vary dramatically from site to site.
This kind of bonus offer matches a percentage of your first deposit with free betting credits. For example, the DraftKings Sportsbook offer welcomes new players with a 20% deposit match up to $500.
Using this offer, an initial deposit of $2,500 or more would be eligible for the maximum of $500 in bonus funds. Most deposit match bonuses come with a playthrough requirement, meaning you must wager a certain amount to earn the bonus credits.
The DraftKings Sportsbook deposit match comes with a 25x playthrough requirement, meaning for every $25 wagered, $1 of the bonus is unlocked.
A risk-free bet promotion offers a refund on your first bet made at an online sportsbook, up to a certain amount, if the bet results in a loss. DraftKings Sportsbook, FanDuel Sportsbook, and BetMGM all offer a risk-free bet as a welcome bonus.
For example, FanDuel Sportsbook offers up to $1,000 for its risk-free bet promotion. After your first deposit, the first wager you make at FanDuel Sportsbook, up to $1,000, will be refunded in full if the bet loses.
If your bet wins, however, the refund doesn’t apply. Risk-free bets essentially function as a free bet for new players at a sportsbook.
A no-deposit bonus simply puts free betting credits in your account just for signing up at an online sportsbook.
Both FanDuel Sportsbook and DraftKings Sportsbook currently off a $50 no-deposit bonus for pre-registering for their upcoming Tennessee platforms.
Read more about Tennessee sports betting bonuses.
History Of Sports Betting In Tennessee
The Tennessee sports betting industry stands out as a unique market compared to some other legal sports betting states.
Unlike many other jurisdictions, sports betting brands can operate as online-only ventures in the state, without a licensing partnership with a land-based casino. This provision allows Tennessee, a state with no operating retail casinos or racetracks, to introduce sports betting.
State legislators approved the Tennessee Sports Gaming Act in April 2019, and the bill went into law in July 2019. Tennessee’s sports betting industry prompted the formation of the Sports Wagering Committee, a new arm of the Tennessee Education Lottery.
The Sports Wagering Committee of the Tennessee Education Lottery will oversee and regulate the state’s sports betting industry. The first of the state’s legal online sportsbooks launched on Nov. 1, 2020.
The newest sports betting market in the US will likely draw many of sports betting biggest brands to Tennessee. Another unique provision of the Tennessee Sports Gaming Act requires sports betting operators to retain at least 10% hold of overall betting handle.
The mandatory 10% hold stipulation is unlike anything in place for legal sports betting states in the US. Tennessee lawmakers are keeping open an option to revisit and possibly change that stipulation.
How To Bet On Tennessee Sports Betting Apps
1) Choosing A Sports Betting App
The Tennessee market will likely feature a dozen or more different platforms for online sports betting when the state’s new industry reaches maturity.
Brands like DraftKings Sportsbook, BetMGM, and FanDuel Sportsbook, will all offer a comprehensive sports betting menu and numerous different types of bets. The welcome bonus offers, as well as lines and odds on games, differ with each sportsbook, however.
Check out the Rocky Top Insider sports betting section for an updated list on which sportsbooks are live in Tennessee. Most of the state’s upcoming online sportsbooks will be available as mobile apps for both iOS and Android devices.
2) Making Your First Deposit
Legal online sportsbooks offer many different convenient options for funding an account. ACH/eCheck, credit/debit cards, PayPal, and prepaid debit cards all offer quick and reliable ways to deposit at an online sportsbook.
ACH/eCheck and credit/debit card deposits sometimes get declined by the issuing bank, even though these are legal methods to fund your account. PayPal is one of the most accepted methods for depositing, with a nearly 100% success rate.
Some online sportsbooks offer their own branded version of the Play+ Prepaid card, which is linked to your sportsbook account and offers instant deposits.
3) Betting At Tennessee’s Online Sportsbooks
Once you’ve completed your first deposit, it’s time to make your first bet! Tennessee’s legal mobile sportsbooks will present just about every sport imaginable, with several different ways to bet on each.
Moneyline and point spread bets represent the two most popular ways to bet on sports in the US. Major sports leagues like the NFL, MLB, NBA, and NHL, offer moneyline and point spread betting throughout the regular season and through the playoffs and championship game/series of each league.
Parlays, which combine multiple bets on a single ticket, stand as a time-tested favorite of sports bettors. Parlays can pay off big, but all bets on a parlay ticket must win for the wager to pay off.
The nature of online sports betting yields in-game and in-play betting that simply can’t exist at a retail sportsbook. In-play betting featured lines and odds that change every few seconds, based on what’s going on in the game.
Futures and props present even more ways to wager at mobile sportsbooks. The booming US sports betting industry is fueled by the innovation of online platforms, and Tennessee bettors will soon enjoy access to the top brands in the market.
4) Cashing Out From An Online Sportsbook
Mobile sports betting allows for easy, rapid withdrawals when you’re ready to get paid. ACH/eCheck, PayPal, and the Play+ Prepaid card, present the most convenient and trusted ways to cash out from an online sportsbook.
Using any of these methods, a withdrawal takes about 2-7 days on average to appear in your bank account.
Tennessee Sports Betting FAQ
Is sports betting legal in Tennessee?
Yes, Nov. 1, 2020 was the first day for legal online sports betting in the state of Tennessee.
Tennessee lawmakers passed the sports betting bill in April 2019, with the Tennessee Sports Gaming Act going into law in July 2019.
What sports can I bet on?
All major US sports leagues, such as the NFL, NBA, NHL, and MLB, are open for betting at Tennessee’s legal sportsbooks. Several international sports are on tap as well, including English Premier League soccer, European basketball leagues, and many other overseas leagues.
NCAA football and basketball are also on the betting menu, although in-game and in-play betting on college sports isn’t allowed.
Are there physical sportsbooks in Tennessee?
No. Tennessee’s legal sportsbooks will operate as online-only platforms. Several other US states with legal sports betting require sports betting brands to partner with existing land-based casinos, and those states offer both physical and online sports betting.
With no operating casinos or racetracks in the state, however, Tennessee will host a mobile-only sports betting market.
Do I have to be in Tennessee to bet on the state’s mobile apps?
Yes. By law, bettors must be located within state borders to place bets at Tennessee’s legal online sportsbooks.
State-regulated mobile sportsbooks use geolocation technology to verify a user’s location. These geolocation features will block you from wagering if you’re not within state borders at the time of a bet.
How old do I need to be to use Tennessee’s sports betting apps?
21 or older. The Tennessee Sports Gaming Act sets the minimum age at 21 to wager at state-regulated online sportsbooks.
Upon signing up for a new account at a sportsbook, bettors must be able to provide proof of age and identity.
What are Tennessee’s sports betting tax rates?
The state will enforce a 20% tax rate on revenue for Tennessee’s sports betting operators. Online sportsbooks also have to pay an annual licensing fee of $750,000.
If you or someone you know has a gambling problem and wants help, call or text the Tennessee REDLINE: 1-800-889-9789. Please Gamble Responsibly. 21+