Tennessee Sports Betting Bonus

Sports fans have access to some of the top betting apps in the industry, as well as Tennessee sports betting bonus offers for new bettors. As major brands scuffled for customers, Tennessee bettors had a lot of information to take in at once. It’s a great way for bettors to try many prestigious sportsbook brands. But they may need help parsing through the bonus offers before settling on their favorite app.

Here are Tennessee’s opening bonuses and what bettors need to know before trying to redeem them on Tennessee’s online sports betting apps.

Best Online Sports Betting Bonuses In Tennessee 2022

TN SportsbookBonus OfferBonus Link
DraftKings$50 free bet with $5 + 20% Match up to $1,000 Claim Bonus
BetMGM $1,000 Risk-Free BetClaim Bonus - Use Code SHARP
Caesars Sportsbook $5,000 Risk-Free BetClaim Bonus - Use Code SHARPBETCZR
FanDuel$1,000 Risk-Free BetClaim Bonus
WynnBETBet $10, Win $200
Action 247100% Match up to $400
Barstool Sports $1,000 Risk-Free Bet
TwinSpires$1,000 Risk-Free Bet

Tennessee Online Sports Betting Apps

The Tennessee Lottery has awarded nine sports betting licenses so far, and eight of those licensees are live:

  • DraftKings
  • BetMGM
  • Caesars Sportsbook
  • FanDuel
  • WynnBET
  • Action 247
  • Barstool Sports
  • TwinSpires
  • Wagr

Here’s how all of their welcome bonuses break down.  

DraftKings Sportsbook Tennessee

Claim Bonus: Get your $50 free bet & $1,000 deposit bonus at DraftKings Tennessee

DraftKings offers one of the best mobile betting bonus offers in the state. DraftKings Tennessee offers $50 in free bets with only a $5 deposit, making it the perfect bonus for new bettors in Tennessee.

DraftKings also offers new bettors a 20% deposit match up to $1,000. When bettors make their first deposits, they’ll become eligible for $1 in site credits for every $5 they deposit. So, a $500 deposit would make bettors eligible for $100 in bonus credits. To earn those credits, bettors must wager $25 to receive $1 in site credits. So, to get that same $100 in site credits, bettors would have to wager $2,500.

This is not a bonus that encourages bettors to make a few large bets. This bonus rewards bettors for betting over time. Bettors should wager at a comfortable pace for them. They shouldn’t try to wager $25,000 to get $1,000 in bonus credits.

BetMGM Sportsbook Tennessee

Claim Bonus: Get your $1,000 risk-free bet at BetMGM Tennessee – use code SHARP

BetMGM offers a $1,000 risk-free bet to new bettors. So, if bettors make their first wagers, they can get up to $1,000 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 up front. But bettors can’t withdraw site credits like 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. 

Caesars Sportsbook Tennessee

Claim Bonus: Get your $1,100 first bet insurance at Caesars Sportsbook Tennessee – use code SHARPBETCZR

Caesars Sportsbook is offering a generous welcome bonus: first bet insurance up to $1,100 dollars. It’s the result of Caesar Entertainment’s acquisition of and rebrand from William Hill. This eye-popping bonus is a marketing strategy to get bettors to forget about the old Caesars Sportsbook and embrace the new one.

FanDuel Sportsbook Tennessee

Claim Bonus: Get your $1,000 risk-free bet at FanDuel Tennessee

FanDuel has led the way in welcome bonuses in the earliest stages of sports betting expansion. It pioneered the $1,000 risk-free bet as a welcome bonus and had one of the best welcome bonuses for years. Bettors can wager up to $1,000 and get their lost stakes back in site credit.

However, FanDuel offers ongoing promotions, too. For risk-seeking bettors, 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. 

Action 247 Tennessee 

Claim Bonus: Get your $400 deposit bonus at Action 247 Tennessee

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

Claim Bonus: Get your $1,000 risk-free bet at Barstool Sports

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 risk-free 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.

TwinSpires Tennessee

Claim Bonus: Get your $1,000 risk-free bet at TwinSpires

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 Tennessee

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.

Unlaunched Tennessee Sportsbooks

Fubo Gaming has been approved by the Tennessee Lottery. However, it hasn’t launched yet. So, bettors can expect to see it available in Tennessee in the next few months as Fubo Gaming finalizes its product for Tennessee bettors.

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 risk-free bonuses or deposit bonuses. 

Sportsbooks also offer small ongoing promotions throughout the year. These can be small risk-free bets, 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

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. 

For example, DraftKings offers a 20% deposit match up to $1,000 with a 25x playthrough requirement. So, bettors become eligible for $1 in site credits for every $5 they deposit. Then, bettors will receive $1 in site credits for every $25 they wager. Bettors are rewarded over time, not all at once. That’s important to remember before bettors deposit and wager absurd amounts of money trying to get the whole bonus. 

Risk-Free Bet

Risk-free bets are the other common type of welcome bonus. Bettors can also win these on some smaller promotions during major sports seasons.

For welcome bonuses, bettors can only redeem risk-free bets on their first wagers, and the bonus only kicks in if they lose. These bonuses set caps for how much money bettors can redeem in site credits. For example, FanDuel offers a $1,000 risk-free bet. Bettors can get up to $1,000 back in site credits if they lose their first bets. However, bettors will only get back what they wager and lose. So, this type of bonus requires planning. 

No-Deposit Bonus

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 free 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. 

Other Bonuses

There are a few other types of bonuses, but most of them are variations on risk-free bets (like first bet insurance) or deposit bonuses. 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 complementary meals or nights in Vegas.

But for the most part, bettors only need to be familiar with risk-free bets and 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 sport 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 are 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 Secuirty 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 Is DraftKings Tennessee’s Welcome Bonus?

The DraftKings Tennessee welcome bonus is a $1,000 deposit bonus. DraftKings will match bettors deposits at a 20% rate until bettors are eligible for $1,000. Then, bettors must wager $25 to earn $1 in site credits. Bettors should use this bonus to slowly accumulate credits over time. This is not a bonus that should award bettors all the site credits at once.  

What Welcome Bonus Does FanDuel Offer Tennessee Bettors?

FanDuel Tennessee offers new bettors a $1,000 risk-free 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 site credits can’t be withdrawn like cash winnings. So, bettors must be prepared to keep betting if they’re going to accumulate that many site credits. 

Is There A Wagering Requirement At Tennessee’s Sports Betting Apps?

Yes. Bettors must wager with their own money before getting any site credits. For deposit bonuses, that means making wagers after bettors’ first deposits. For risk-free bets, that means placing a bet before getting site credits. Bettors will 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+