Tennessee sports fans have access to some of the top betting apps in the industry, as well as all of the Tennessee sports betting bonus offers for new bettors. These offers are a great way for bettors to try many prestigious sportsbook brands. While this is great news, Tennessee bettors have a lot of information to sift through all at once. They may need help to parse through the bonus offers before settling on their favorite sports betting app.
Here are Tennessee’s opening bonuses and what bettors need to know before trying to redeem them on online sports betting apps.
Best Online Sports Betting Bonuses In Tennessee 2023
Tennessee Online Sports Betting Apps
The Tennessee Lottery has awarded nine sports betting licenses so far, and eight of those licensees are live:
- Caesars Sportsbook
- Action 247
- Barstool Sports
Here’s how all of their welcome bonuses break down.
BetMGM Sportsbook Tennessee
BetMGM offers a $1,000 first bet offer to new bettors. So, if bettors make their first wagers, they can get up to $1,500 back in site credits if they lose. However, this bonus is only valid on a bettor’s first wager. This gives bettors room to make large bets upfront. But bettors can’t withdraw bonus bets as they can cash. Those site credits must be used to place bets.
BetMGM also requires bettors to deposit at least $25 within seven days of signing up for a new account. So, bettors must take advantage of this bonus in a timely manner.
FanDuel Sportsbook Tennessee
FanDuel has updated its offer for the start of the 2023 NFL season. The new offer comes in two parts. First, make a $5 wager and get $200 in bonus bets guaranteed. You’ll also get a $100 discount on a subscription to NFL Sunday Ticket. Claim the offer via our FanDuel Promo Code link.
FanDuel has led the way in welcome bonuses in the earliest stages of sports betting expansion. It pioneered the $1,000 No Sweat First Bet as a welcome bonus and has had one of the best welcome bonuses for years. Bettors can wager up to $1,000 and get their lost stakes back in bonus bets.
However, FanDuel offers ongoing promotions, too. FanDuel offers multi-sport parlay bet insurance worth $25. If bettors lose a leg on a four-leg parlay bet, they’ll get $25 back in site credit. FanDuel offers multiple ways for new bettors to hedge risk. So, it’s worth checking out for rookies.
Caesars Sportsbook Tennessee
Sign up with Caesars Promo Code START1000 and make a deposit. If your first bet loses you’ll get up to $1,000 bonus bet on Caesars.
Claim Bonus: Get your first bet on Caesars Sportsbook Tennessee, up to $1,000
Caesars Sportsbook is offering a generous welcome bonus: your first bet is on Caesars, up to $1,ooo dollars. If your first bet loses, you get the wager back in the form of a bet credit, with a maximum refund of $1,000.
This eye-popping welcome offer is one of the biggest in the sports betting industry. Sometimes when a new state launches, Caesars increases the offer to $1,500.
Action 247 Tennessee
Bonus: $400 deposit bonus
Action 247 is a small sportsbook operator that followed the major brands into Tennessee. New Action 247 bettors can redeem a 100% deposit match up to $400. So, bettors are matched dollar for dollar when they make their first deposits. If bettors deposit $100, they’ll be eligible for $100 in site credits. To earn those site credits, bettors must wager $5 to receive $1 in site credits. So to redeem the full value of this bonus, bettors must deposit $400 and wager $2,000. This bonus should be redeemed over time. Bettors shouldn’t try to earn this bonus all at once.
Barstool Sports Tennessee
Bonus: $1,000 bonus bet
Barstool Sports is the sportsbook arm of Barstool Sportsbook. Bettors will get all the David Portnoy they can handle from Barstool Sports, just like his core product. The $1,000 bonus bet that new Barstool Sports users can get is becoming the industry standard. However, bettors also get a $10 no-deposit bonus for completing registration. It’s a small gesture that gets rookies to place their first bets and become comfortable placing another.
Bonus: $1,000 bonus bet
TwinSpires used to be BetAmerica. So, it’s a popular product that’s been rebranded prior to its launch in Tennessee. TwinSpires users can get up to $1,000 site credits back if they lose on their first wagers. TwinSpires will credit site credits to bettors’ accounts equal to the amount bettors lost on their first bets. While bettors can drop $1,000 to potentially use this full bonus, bettors should only wager what they can afford to lose. Site credits aren’t withdrawable like cash.
Wagr has a very different take on sports betting. Wagr brands itself as an app that builds community. Therefore, bettors don’t play against the house. Instead, Wagr users challenge other Wagr users. For example, imagine that you and your co-worker are arguing because you think Florida is going to get destroyed by Alabama, but your co-worker, a loyal Gator fan, is adamant they will pull off an upset. Instead of asking your colleague if they want to make it interesting by putting money on it and then hoping that they actually pay up if they lose, Wagr will handle the logistics for you.
Plus, you can build a network, much like social media. You can challenge your connections, chat with them, and see their wagers against others.
This innovative app is certainly interesting, but it a very different spin on traditional sports betting. Therefore, it is almost a separate entity entirely, and it is unlikely to disrupt the main players in the space. Also, there are no welcome bonuses since the goal is not to encourage new bets against the house.
Types of Sports Betting Bonuses In Tennessee
Sportsbooks use several types of bonuses to attract and retain bettors. Welcome bonuses are larger than ongoing promotions, and they’re only available to new bettors. They’re usually first-bet safety net bonuses or deposit bonuses.
Sportsbooks also offer small ongoing promotions throughout the year. These can be small bet rebates, odds boosts, or other mechanisms that boost winnings. Finally, sportsbooks can offer VIP or loyalty programs to keep the highest of the high-rollers coming back for more.
Whatever type of bonus sportsbooks offer, the terms are almost all the same.
Deposit bonuses are one of the two most common types of welcome bonuses. These bonuses involve two steps. First, bettors qualify for site credits by making their first deposits. Then, bettors must wager their own money to slowly accumulate those site credits.
2nd Chance Bets
2nd Chance bets are the other common type of welcome bonus, and they go by many different names. Basically, bettors get a refund on their first wagers (up to a certain maximum) if the bet goes south. The refunds are paid out in site credits, not in withdrawable cash. Still, they are a great way to have a safety net if your first bet doesn’t win. In essence, you get two chances to start off with a win.
No-deposit bonuses are the simplest and smallest type of welcome bonuses. These bonuses are small, but they’re not for winning lots of money. They’re just to allow bettors to make a small bonus bet so bettors can give sports betting a try. Sometimes, the no-deposit bonuses are split into multiple bets, but others come as single bets. Barstool Sports’ $10 no-deposit bonus is just $10 for bettors to wager however they’d like. It’s a small incentive to encourage bettors to make their first deposits and use that money.
There are a few other types of bonuses, but most of them are variations on what’s already listed. Sportsbooks could offer bettors a few hundred dollars in site credits with no strings attached. But that’s rare and is unavailable from any Tennessee sportsbook.
Bettors may also encounter VIP or loyalty programs where bettors can accumulate points for rewards. For example, WynnBET allows bettors to earn Wynn Rewards points. Wynn Rewards is Wynn Resorts’ rewards program, so bettors can earn points for complimentary meals or nights in Vegas.
But for the most part, bettors only need to be familiar with 2nd chance bets, deposit matches, and no-deposit bonuses.
How To Claim Online Sports Betting Bonuses In Tennessee
Claiming online sportsbook bonuses is easy. The terms and conditions for each bonus are spelled out on each sportsbook’s promotions page. However, bettors may have to hunt for the right page for the welcome bonus. But the steps to redeem that bonus are universal:
- Bettors must download the sportsbook with the welcome bonus they’d like to redeem.
- Bettors must complete registration through the app or website. During this step, bettors will find a box to enter a code to redeem the bonus.
- After registration, bettors must link a deposit method to their account and make their first deposits.
- Welcome bonus credits will usually be applied to bettors’ accounts once the bonus terms have been satisfied. Some sportsbooks may require bettors to accept the bonus from an on-screen pop-up.
For smaller ongoing promotions, bettors have to opt-in manually on the promotions page. At well-run sportsbooks, bonuses are easy to redeem. There will also be many bonuses throughout each major sports season. There will be plenty of bonuses for Tennessee bettors to play for as they become more familiar with sports betting.
Tennessee Sports Betting Bonuses FAQs
How Old Do I Need To Be To Place Sports Bets Online In Tennessee?
You’ll need to be 21 years of age or older. The legal sports betting age in Tennessee matches most states where sports betting is legal. Usually, limiting sports betting to people who are at least 21 allows bettors to visit retail sportsbooks at casinos, but since Tennessee has no commercial casinos, they’ve set their betting age out of convention.
Can I Claim A Bonus At More Than One Sportsbook In Tennessee?
Yes. Bettors can make accounts with as many sportsbooks as they’d like. That means they can redeem as many welcome bonuses as they want. However, bettors can only redeem each bonus once. Bettors cannot redeem the same bonus multiple times.
What Are The Playthrough Requirements On Legal Online Sportsbooks In Tennessee?
Playthrough requirements are the requirements for bettors to play their own money before earning bonus credits. These requirements vary across sportsbooks. The lowest playthrough requirements are usually around five times, and the highest is around 25 times. This ensures bettors actually wager at sportsbooks instead of trying to game bonus credits out of them.
What Is Bonus Abuse And How Can I Avoid It?
Bonus abuse is gaming sportsbooks to redeem the same welcome bonus multiple times. Borrowing someone else’s Social Security number to create another account and arbitrage against a bettor’s own account may seem like a sound strategy. But it’s the kind of behavior that can get bettors kicked off sportsbooks.
What Welcome Bonus Does FanDuel Offer Tennessee Bettors?
FanDuel Tennessee’s promo offer is a $1,000 No Sweat First Bet. Bettors can lose their first bets and get their lost stakes back up to $1,000. That gives bettors the chance to make additional wagers after a big loss. But bonus bets can’t be withdrawn like cash winnings. So, bettors must be prepared to keep betting if they’re going to accumulate that many credits.
Is There A Wagering Requirement At Tennessee’s Sports Betting Apps?
Yes. Bettors must usually wager with their own money before getting any site credits. For deposit bonuses, that means making wagers after bettors’ first deposits. For 2nd chance bets, that means placing a bet before getting site credits. Bettors will generally not get large amounts of bonus credits for free.
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+