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On July 1, 2019, Tennessee became the 19th state in the United States to legalize sports betting. Over a year later on November 1, 2020, the first four online sportsbooks launched, including FanDuel, DraftKings, BetMGM, and Action 24/7.
The Volunteer State pioneered the mobile-only sports betting model, as they are the only state to currently offer online betting with no brick-and-mortar casinos. This means that the online betting sites didn’t have to have a retail gambling license like many other states require.
Despite all the constraints and the controversial 90% cap on payouts, the Tennessee sports betting market has the potential to be one of the biggest in the nation.
To place online sports bets in Tennessee, you have to be at least 21 and present in the state, though you don’t have to be a resident.
This guide goes over the best sportsbooks in Tennessee and all the important rules and regulations you need to know about before you get started.
Best Online Sportsbooks in Tennessee
In total, we've analyzed, reviewed, and rated 7 Tennessee sportsbooks. Below you will see those sportsbooks ordered by overall rating. We also found which each sportsbook was “best” at so you can find one that fits your needs.
Our ratings are based on 8 categories including odds, intro promo, promotions & odds boosts, sports & bets offered, user interface, deposits & withdrawals, customer reviews, and education & statistics.
Best Online Sportsbooks in TN
- Caesars: Best Sign-Up Bonus & Overall
- FanDuel: Best Overall (Tied)
- BetMGM: Best Overall (Tied)
- DraftKings: Best Variety of Sports
Best Online Sportsbooks in TN
1) Caesars Sportsbook TN: Best Sign-Up Bonus & Overall
Ratings
- Odds: 5/5
- Intro Promo: 5/5
- Odds Boosts & Promos: 5/5
- Sports & Bets Offered: 5/5
- User Interface: 5/5
Intro Promo
If your opening bet at Caesars loses, you'll receive a Bonus bet of equal value as a refund, up to $1,000. You must use the Bonus Bet within 14 days once it hits your account. Access it with our exclusive link here.
Caesars Sportsbook became one of the best sportsbooks available after acquiring William Hill and integrating its technology into the Caesars platform.
Caesars Sportsbook offers one of the best sign-up for new customers in the industry—a Bonus Bet up to $1,000 as a refund if your first wager loses. To claim the sign up offer, use promo code OA1000. Once you receive your Bonus Bet, you have 14 days to use them.
The perks of the Caesars Sportsbook don't end after you take advantage of the intro bonus, either. They offer some of the most competitive odds in the industry and have attractive ongoing promotions and odds boosts to help you win more.
Caesars also offers all major sports and bet types—including same game parlays that allow you to combine sides, totals, and prop bets from the same game in one parlay.
The Caesars Sportsbook app is also one of the best available in the nation. It's easy to navigate, is very responsive, and rarely crashes or has other issues.
Overall, Caesars Sportsbook is a phenomenal option when it comes to betting. They have the best sign-up bonus, great odds, regular odds boosts, and an awesome user experience.
Pros
- Best sign-up bonus in the nation
- Better odds than most competitors
- Offer same game parlays
- Regularly offer great odds boosts & promotions
- One of the best rewards programs available
- Great customer reviews
Cons
- Only receive bet credit if your first bet loses
2) FanDuel Sportsbook TN: Best Overall (Tied)
Ratings
- Odds: 5/5
- Intro Promo: 4.5/5
- Odds Boosts & Promos: 5/5
- Sports & Bets Offered: 5/5
- User Interface: 5/5
Intro Promo
New customers receive $150 in Bonus Bets after depositing $10+ and placing a $5+ bet. Your bonus bets will be credited within 72 hours of your first wager settling and you have 7 days to use them. No promo code required. Access the promo with our exclusive link here.
FanDuel is tied as our highest-rated sportsbook thanks to the competitive odds, generous promotions and odds boosts, variety of bet types and sports to wager on, and a great user experience on both the website and mobile app.
The Bet $5, Get $150 in Bonus Bets sign-up bonus if one of the best of all legal sportsbooks since it only requires a $10 deposit and $5 bet to receive 30x your initial bet. FanDuel's welcome bonus gives you the opportunity to build a nice bankroll to start off betting with.
FanDuel pioneered the “Same Game Parlay” and offers the smoothest and most complete process for betting them. With these, you can combine prop bets, totals, and sides from the same game in a single parlay. If you've ever seen screenshots of ridiculous parlays from a single game online, it was likely a Same Game Parlay from FanDuel.
Whether you are looking for a single sportsbook to use or want to add another book to your lineup of options, FanDuel Sportsbook is one of the best options currently available. There's a reason FanDuel dominates market share in the U.S. and we think you'll be very satisfied if you decide to go with them.
Pros
- Competitive intro bonus for new customers
- Better odds than most competitors
- Pioneered Same Game Parlays
- Regularly offer great odds boosts & promotions
- Top notch user experience in app & site
- Great customer reviews
Cons
- App sometimes crashes during peak hours
- Some customers periodically have trouble logging in
3) BetMGM Sportsbook TN: Best Overall (Tied)
*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms.
Ratings
- Odds: 5/5
- Intro Promo: 4.5/5
- Odds Boosts & Promos: 5/5
- Sports & Bets Offered: 5/5
- User Interface: 5/5
Intro Promo
If your first bet loses, receive a refund in bonus bets up to $1,500. You must use the Bonus Bets within 7 days of them being credited to your account but there is only a 1x rollover requirement. Access it with our exclusive link here.
BetMGM Sportsbook is another one of our highest-rated online sportsbooks—scoring well in all categories we analyze.
To start, all new BetMGM customers are eligible for a Second Chance Up to $1,500. If your first bet loses, receive a refund in bonus bets up to the limit. There is no BetMGM bonus code required to receive this promo—it's automatically applied to your account after you register and make your first bet.
BetMGM also offers a wide variety of sports and bet types, generous promotions and odds boosts, competitive odds, and a good user experience.
Another thing that sets BetMGM apart is that it offers true same game parlays (called “One Game Parlays”). Like with FanDuel's Same Game Parlays, you can combine prop bets, totals, and/or sides from the same game in one parlay.
Of all the sportsbooks we've analyzed, BetMGM has the best customer reviews. On the Apple App Store, BetMGM has an average of 4.8 stars from over 87 thousand reviews.
On the downside, BetMGM doesn't have player statistics available in the app and it can be difficult to get ahold of customer support.
Overall, BetMGM is one of best sportsbooks currently available, offering one of the best intro promos in the nation, competitive odds boosts and ongoing promotions, a great user experience, and everything else you may want in a book.
Pros
- Competitive intro bonus for new customers
- Offers same game parlays
- Great customer reviews
- More odds boosts & promotions than other books
- Offers all major sports & bet types
Cons
- Can be difficult to get customer support
- No player statistics
4) DraftKings Sportsbook TN: Best Variety of Sports
Ratings
- Odds: 5/5
- Intro Promo: 4.5/5
- Odds Boosts & Promos: 4.5/5
- Sports & Bets Offered: 5/5
- User Interface: 4.5/5
Intro Promo
DraftKings will match 20% of your first deposit of up to $5,000 ($1,000 max match in site credit). You must bet the bonus 25x before you are able to withdraw it and you have 90 days to do so.
DraftKings Sportsbook is another amazing option when it comes to sports betting sites.
DraftKings offers competitive odds, generous promotions and odds boosts, a variety of sports to wager on and bet types (including Same Game Parlays), and great user experience on both the website and mobile app.
The intro promo provides good value ($1,000 if maxed out), but the 25x rollover requirement is a lot especially considering you only have 90 days to bet it. In order to take advantage of the full welcome bonus, you would need to deposit $5,000 then bet $25,000 over the first 90 days.
Like most other competitive online sportsbooks, DraftKings regularly offers odds boosts and ongoing promotions—such as parlay insurance, ways to earn bonus bets, and more. Taking advantage of these is a great way to maximize your winnings.
Though it isn't quite our highest-rated sportsbook, DraftKings in undoubtedly one of the best options currently available and we think you'll be very satisfied if you go with them. Just be sure to read the fine print on the intro promo and bet the deposit match in time.
Pros
- Have better odds than almost every other sportsbook
- More odds boosts & promotions than other books
- Offers same game parlays
- Great user experience on the site & app
- Provide player & team stats for most games
- Great customer reviews
Cons
- 25x rollover requirement on intro promo
- Relatively long withdrawal wait times
How We Rate Online Sportsbooks in Tennessee
Here at Odds Assist, we are committed to creating objective, transparent ratings to help you make the best decisions when it comes to which sportsbooks to use. We will continually update our Editorial Ratings over time as sportsbooks introduce new features, change promotions, etc.
Each sportsbook we review goes through our extensive rating process that evaluates thousands of data points in eight categories, including the following:
| Category | Weight | Description |
|---|---|---|
|
Odds |
25% |
How competitive the odds offered are across all major sports |
|
Intro Promo |
15% |
How competitive the intro promo for new customers is |
|
Promos & Odds Boosts |
15% |
How many & how generous ongoing odds boosts & promotions are |
|
Sports & Bets Offered |
10% |
Which sports & types of wagers are offered by the sportsbook |
|
User Interface |
10% |
How user friendly the website & mobile app(s) are |
|
Deposits & Withdrawals |
10% |
Which deposit & withdrawal methods are available as well as payout speed |
|
Customer Reviews |
10% |
How positive customer reviews across other platforms are |
|
Education & Statistics |
5% |
The availability of educational & responsible gaming resources as well as team & player statistics |
We rate each sportsbook relative to other sportsbooks in each category. Each is scored from 1 to 5 with each representing the following:
- 5 Stars: Best in category
- 4 Stars: Above-average
- 3 Stars: Average
- 2 Stars: Below-average
- 1 Star: Worst in category
Data for all sportsbooks were collected simultaneously to ensure fairness. For example, we only compared odds for the same games at the same times across all sportsbooks reviewed.
To learn more, check out our full Ratings Methodology page.
All Online Sportsbooks in Tennessee
Tennessee hasn’t imposed a cap on the number of sportsbooks that can join the market. Despite a chilly gambling climate and steep regulations behind their betting, Tennesseans have no shortage of sportsbook options. Here are the brands that have already received operational licenses:
Sportsbook | Tech provider | Launch date | Intro promo |
|---|---|---|---|
| IGT | Nov 2020 | Bet $5, Get $150 in Bonus Bets | |
| SBTech | Nov 2020 | $1,000 deposit match | |
| ROAR Digital | Nov 2020 | Up to $1,500 Back If Your First Bet Loses | |
| Action 24/7 | Amelco | Nov 2020 | N/A |
| Liberty | Aug 2021 | $1,000 First Bet on Caesars | |
Proprietary | Nov 2023 | $100 in Bonus Bets After Making Any Bet |
Physical Sportsbooks in Tennessee
Tennessee isn’t home to any brick-and-mortar sportsbooks or casinos, nor does it plan to add any in the foreseeable future. For the time being, you can only bet online.
Team Partnerships with Tennessee Sportsbooks
The sports scene in Tennessee includes pro franchises in the NFL, MLB, and NHL, as well as many minor league teams and college teams. The books offer odds on the Titans, Grizzlies, Predators, Volunteers, and more, so you can put a few bucks down on all your favorite local sports teams.
Some of these teams have hooked up with sportsbooks operating in the state. Here’s the scoop:
- Grizzlies and FanDuel: The daily fantasy sports (DFS) and sports betting giant, FanDuel, partnered up with the Memphis Grizzlies in November 2020, thus becoming the team’s official betting partner. Under the terms, the sportsbook was allowed to use the Grizzlies’ logos and marks across its betting and DFS platforms. Also, FanDuel got access to numerous marketing assets, including in-arena signage at FedExForum as well as TV, radio, and digital advertising channels. Also, it will broadcast Grizzlies’ home and away games via its live streaming services.
- Titans with BetMGM: The two parties inked an agreement in September 2020. As the official partner, BetMGM benefits from brand visibility across the Titans' several digital platforms. Furthermore, the sportsbook’s logo will appear in the key moments of the games, such as video board replays and field goal attempts.
- Predators with DraftKings: In December 2020, DraftKings and the Predators struck a multi-year partnership, which made the sportsbook the official betting partner of this NHL franchise. As part of the deal, DraftKings’ content will be showcased on virtual signs and dashboards at the Bridgestone Arena. The sportsbook will also incorporate signage on the Lexus Lounge LED for the team’s home games.
Tennessee Sports Betting Timeline
Historically, Tennessee has been one of the most gambling-unfriendly states in the country. For nearly a century, the state was void of any gambling activities, and it’s one of the few regions without casino infrastructure in place.
That said, the 21st century was truly groundbreaking for the Volunteer State in terms of gambling. Let’s revisit history and take a look at the key events that led to the legalization of online sports betting in Tennessee:
- July 1987: Lawmakers approve the Racing Control Act, which provides the statutory framework for legal horse racing in the state. The Tennessee State Racing Commission is established as the main regulatory body.
- 1998: The Racing Commission is disbanded because no racing tracks are built where bettors can take bets on pari-mutuel horse racing.
- November 2002: Thanks to a 58% vote, Amendment 1 is approved, authorizing the Tennessee Lottery for Education. As per the amendment, part of the revenue is set to be spent on education funding.
- April 2015: The legislature repeals the Racing Act of 1987, removing the racing regulatory framework from the state law.
- April 2016: Gov. Bill Haslam signs the daily fantasy bill into law, making Tennessee the third state to allow DFS.
- November 2018: Rep. Rick Staples introduces HB1001 to legalize sports betting. Simultaneously, Sen. Steve Dickerson files SB0016, the Senate counterpart of the bipartisan bill. The bill faces strong opposition from both legislative bodies.
- April 2019: The bill passes through the state legislature and is sent to the governor for signature. It passes the Senate on a vote of 19 to 12, and is approved by the House after a 58 to 37 vote.
- June 2019: Gov. Bill Lee is against the legalization of sports betting but allows the bill to become law without his signature.
- November 2020: Legal sports betting officially arrives in Tennessee. Four operators go live, including DraftKings, FanDuel, BetMGM, and Action 24/7.
Tennessee Sports Betting Rules & Regulations
In most states, sportsbooks affiliate with land-based gambling operators to obtain a betting license. Tennessee broke that mold by establishing a digital-only framework that enables betting online and via mobile apps without the need for such a partnership.
Let’s go over the main eligibility rules that every potential bettor in Tennessee should be aware of:
Who Is Allowed to Bet in Tennessee?
There are basically two key requirements—age and location. The first implies that betting is limited to individuals 21 and above. The second requires bettors to be located in the state while placing a wager.
People involved in a sports league or organization and certain state officials are not permitted to bet in Tennessee sportsbooks.
The Tennessee Sports Wagering Advisory Council is tasked with providing regulatory oversight over the sports betting market in the state.
During the sign-up process, you’ll likely be asked to provide the following information:
- Full name
- Address
- Cell number
- Last four digits of your
- Social Security number
- Date of birth
How Are Tennessee Sportsbooks Licensed and Taxed?
Sports betting operators have to jump through a lot of hoops to acquire a license in Tennessee. The abysmally high tax rate will fend off smaller competitors, although the licensing fee is on the smaller side compared to other states.
Here are the important numbers:
- Operators have to pay a $750,000 annual fee in addition to a $50,000 non-refundable application fee.
- 80% of the sports betting revenue goes toward education programs, 15% toward the Tennessee General Fund, and 5% to the Department of Mental Health and Substance Abuse Services and problem gambling programs.
- The state imposes a so-called privilege tax of 20% on each operator’s gross gaming revenue.
- The legislation requires the use of official league data for settling in-play wagers.
- The law mandates that operators take 10% of their handle annually, which means that they can only pay out 90% of the money wagered.
Is Geolocation Required?
Yes, sportsbooks will use geolocation systems to determine your precise location. If you’re located outside Tennessee, they will not take your bets.
The geo-trackers are typically integrated onto iOS and Android apps. If you’re betting via PC or laptop, you will have to download an app or plug-in to geolocate.
Betting Restrictions
The Tennessee Education Lottery Corporation has approved betting on a wide range of events on more than 25 sports. Still, there are some limitations to collegiate betting. Namely, sportsbooks are prohibited from taking player prop bets and in-play props on college events.
Other than these, no bets are off-limits. Consequently, this means that you’ll be able to place all the most popular types of sports bets, including (but not limited to):
- Moneylines
- Spreads
- Totals (Over/Under)
- Futures
- Parlays
- Teasers
- Live bets
- Round Robins
Tennessee Sports Betting FAQs
Is sports betting legal in TN? Yes, sports betting became legal in the Volunteer State with the passage of SB0016 in July 2019. The first sportsbooks officially launched on November 1, 2020,
Who can bet at TN sportsbooks?
Individuals who are 21 or above located in Tennessee are allowed to be besides certain state officials and sports league employees.
Do I have to be a resident of TN to place bets?
No, you just have to be physically located there with a valid account.
Do I have to bet via my mobile device in TN?
No, you can also bet on your computer.
Are online casinos and poker legal in TN?
No, these forms of gambling remain illegal in the state, and no sportsbooks offer these products via their apps.
Are there any betting restrictions in TN I should know about?
Yes, there are a few limitations regarding collegiate sports betting. The law bans sportsbooks for taking in-play props bets on college teams as well as props based on individual player performances of college athletes.
Is Bovada legal in TN?
Offshore sportsbooks like Bovada are technically not legal in the United States—including Tennessee—as they aren’t licensed and regulated by states’ gaming commissions.
What payment options can I use to fund my sportsbook account in TN?
Each sportsbook has different payment options, but most of them accept bank transfers, credit and debit cards, checks, e-checks, PayPal, Skrill, PayNearMe, and more.
