Tennessee online sports betting is now a reality. After years of legal wrangling, you can safely download Tennessee sports betting apps and make real-money wagers anywhere in the state. Best of all, with no retail sportsbooks you never have to leave your home to make a bet.
The first legal Tennessee sports betting apps went live in November 2020. You can place wagers on the biggest US sports with the most respected operators in town.
Table of contents
- Best Tennessee Sports Betting Sites
- Tennessee Licensed Sports Betting Apps
- Getting Started With Tennessee Sports Betting
- Tennessee Sports Betting Options
Tennessee Sports Betting Law
Tennessee online sports betting finally became legal back in 2019. The Tennessee state legislature passed the state’s first ever law permitting mobile sports betting through licensed apps. Under the Sports Gaming Act, gamblers aged 21 or over can place legal wagers as long as they are within Tennessee borders.
TN sports betting is regulated and overseen by the Tennessee Education Lottery Corporation. They have the power to issue gaming licenses for prospective gambling operators. And a year after the Sports Gaming Act passed, the first four operators opened their app stores to gamblers.
Tennessee online sports wagering provisions:
• Limited to gamblers aged 21 or over
• Mobile and internet-only gambling
• Individuals working in a sports organization barred
• TN sports betting overseen by Tennessee Education Lottery Corporation
• Some college sports wagering prohibited
• Sportsbooks banned from extending credit
• Operators required to implement responsible gambling measures
What forms of gambling are legal in Tennessee?
|Type of Gambling||Is it Legal?|
|Online Sports Betting|
|Daily Fantasy Sports|
|Online Casino Gambling|
What is the 10% Hold Rule?
One of the big issues that the Tennessee online sports betting industry has is the ‘hold’. Under the state’s gaming laws, operators must hold at least 10% of all their betting revenue. That means paying out 90% or more from all winning wagers.
Specifically, it amounts to 10% of total revenue minus the annual payouts made to gamblers. And if the operators don’t hit that mark, they risk paying a fine worth up to $25,000.
Some TN sports betting operators are complaining that the 10% hold makes them uncompetitive against betting providers in neighboring states.
It could mean worse odds for Tennessee sports bettors down the line. Worse, it could force TN gamblers to try out offshore sites and risk their bankrolls.
Tax Rates on Sports Wagering
Tennessee has some rather strict tax rates for operators and players. Operators must pay a 20% tax on all sports wagering revenue. In addition, they must pay a $750,000 license fee prior to starting operations.
There are set tax rates too for Tennessee gamblers. The Tennessee Lottery will take 25% of any total winnings for tax purposes. And because you need a Social Security Number to open a TN betting account, there’s no way to avoid the cut.
On your federal income tax return, you can report sports betting wins if they meet the threshold. Make sure you use Form 1040 to report any gambling winnings at the end of the tax year.
Limits on College Sports Betting
As in states like New Jersey and Colorado, TN online sports betting carries a few restrictions regarding college sports. It is legal to bet on college sports in Tennessee, but you won’t be allowed to make some in-game bets on college basketball and other sports are strictly prohibited.
Tennessee Licensed Sports Betting Apps
Tennessee online sports betting got off to a promising start in November 2020 with the launch of 4 apps. There are now 5 in operation, with more big hitters to follow. As the Volunteer State has no retail sportsbooks, all TN sports betting sites are online only.
Following successful launches in New Jersey, Michigan, and 7 other states, BetMGM now has a mobile sports betting app in Tennessee.
New customers can earn a $600 risk-free bet as well as the same great promotions found at other BetMGM sites. Bet on hundreds of sporting events and get regular parlay boosts and other promotions and bonuses.
Action 24/7 is a small newcomer to the regulated US sports betting market. However, the homegrown company has managed to launch its mobile apps in both Tennessee and Mississippi with only a few hiccups along the way.
In fact, Action 247 is the only Tennessee-owned sports betting site in the state and even boasts a customer support service based in Nashville. Best of all, Action 247 has over 100 partner outlets where customers can make cash deposits and withdrawals.
DraftKings is a leading supplier of daily fantasy sports (DFS) and online wagering in the US. They went live in November 2020 as one of the first legal sportsbooks in the state. DraftKings also runs online sportsbooks in virtually all regulated US states, like New Jersey and Michigan.
New DraftKings sportsbook customers can earn a $50 free bet when they open an account and make a first deposit. DraftKings will also match first deposits 20%.
FanDuel Sportsbook also launched early on as Tennessee went live with legal online sportsbooks. Like DraftKings, FanDuel is a major supplier of daily fantasy sports contests to US gamblers. They also run successful online sportsbooks and retail sportsbooks in states like Pennsylvania.
In November 2020, FanDuel signed a partner deal with the Memphis Grizzlies NBA team. Despite having no retail sportsbook presence in Tennessee, FanDuel will have marketing in place at the FedExForum.
FanDuel is offering new Tennessee sports betting customers a risk-free bet up to $1,000. If your first bet loses, you will be refunded up the same value with a free wager.
UK betting giant, William Hill, launched its TN online sports betting app in March 2021. New customers can claim a timely welcome bonus worth $2,021 in the form of a risk-free bet.
William Hill is one of Britain’s oldest bookmakers and enjoys a foothold in many US jurisdictions, such as New Jersey and Pennsylvania. As well as futures and outrights, William Hill offers markets on all the big US sports and full in-game wagering.
Getting Started With Tennessee Sports Betting
1. Choose a TN Sportsbook
First of all, choose which sportsbook you’d like to bet with.
All sportsbooks listed on here have been extensively critiqued by our expert team.
Read our reviews to find the right Tennessee betting site for you.
2. Create account
Once you’ve found the right Tennessee betting site for you, click on the bonus offer. This will take you to the bonus offer landing page to claim your offer.
Fill in the information required to register an account and bonus code, if required.
3. Deposit funds
Once you’ve created your account and been verified. You can deposit funds into your account using the following methods:
- Debit/Credit Card
- Play+ Card
- eCheck/VIP Preferred
4. Place your bets!
Now you’ve deposited funds into your account, it’s time to claim your bonus.
Some sportsbooks will credit your account once you deposit funds into your account. Whereas others may require you to make qualifying wagers before releasing the bonus.
Either way, it’s time to enjoy your new home of Tennessee sports betting!
Tennessee Mobile Sports Betting
Mobile sports wagering is the ideal solution for Tennessee bettors. You can gamble anywhere within state borders as long as the sportsbooks in Tennessee can pinpoint your location. And with no retail sportsbooks, you don’t have to travel miles to place a bet.
With Tennessee sportsbook apps, you can cut straight to the action with a few swipes. Bet on sports like hockey, football, or basketball all with the tap of a finger. You can even store card and e-Wallet details for hassle-free deposits every time.
And with live in-game betting, you never have to miss a throw or kick. Follow the game through the game tracker and place bets as the score changes in real-time.
How to download a sportsbook app in Tennessee
- Choose a Tennessee Sportsbook
- Create an account and claim the sign-up bonus
- Find the Android app download link
- Click to begin downloading the apk file
- If the ‘Unknown sources’ setting is off, switch it on in your security settings
- Once you are on the installation screen, click install
- Open the app
- Log in using your account and enjoy betting!
- Choose a Tennessee Sportsbook
- Create an account and claim the sign-up bonus
- Head to the App Store
- Search for the Sportsbook
- Download the App
- Open the app
- Log in using your account details and enjoy betting!
Tennessee Sports Betting Options
Sports wagering finally arriving in Tennessee you can bet on the Tennessee Titans or the winner of the Super Bowl, and earn free bets when you do it. In fact, you can even make wagers on college games and spot the big upcoming stars.
Wager Options Allowed
There are many bet types you can choose from in Tennessee. For instance, you can bet straight up on the winner (moneyline), or make a futures bet months in advance. You can even go for the point spread to back the favorite with a heavy handicap and great odds.
Tennessee sports betting apps also let you place parlay bets. These are wagers consisting of multiple legs where each leg must come good for the parlay to win. However, most TN online sports betting sites will offer some kind of parlay insurance offer.
- Moneyline (home win, away win)
- Point spread
- Correct score (soccer)
- Total points (over/under)
- Puck line (NHL)
Prop bets give you the chance to bet on specific players or outcomes. These are separate from the result of the game itself. Popular prop bets include total player points or the winner of either half.
- Total goals
- Period/half winners
- Both teams to score
- The first team to score
- Next team to score
In-game markets give sports bettors the chance to gamble on sporting events as they happen. One of the best things about live betting is that the odds change in real-time as the game unfolds. Therefore, there are many betting opportunties to take advantage of.
However, under Tennessee online sports betting rules, no in-game wagering is permitted on college sports. Also, similar to Illinois sports betting, Tennessee sportsbooks must use “official league data” when running its live betting markets. Effectively, it allows the sports leagues to make money from supplying data to the betting sites.
Cash Out Betting
‘Cash Out’ wagering is allowed at all Tennessee sports betting sites. This is a feature that lets you settle your wager early before the game finishes. Cash Out is usually permitted on parlay bets and some live and future markets.
Sports You Can Bet On
NFL takes up the largest share of markets at Tennessee online sports betting sites. You can bet futures on the upcoming Super Bowl or bet in-game on hundreds of markets like moneyline, points spread, or scorer of the first touchdown.
NBA offers a variety of bet types for Tennessee gamblers. Bet the moneyline on the winner, or go over/under on total points in a game. You can also find alternative point spreads where teams are given anything from a -7.5pt to +7.5pt handicap.
Bet on the winner of the Stanley Cup or go in-game to bet on total goals (over/under) or the moneyline (game winner). You can also bet the puck line which works like the point spread. Get higher odds on the favorite with a point handicap, or go for a sure bet on the underdog with a +2-goal swing.
You’ll find hundreds of markets on MLB at the top Tennessee sports betting sites. Bet the game lines or find team futures like next year’s World Series winners. You can even bet on player awards like MVP or player to hit the most home runs.
College Sports Betting
As in other regulated jurisdictions in the US, it’s legal to bet on college sports in Tennessee. Only high school team betting is prohibited. Plus, you won’t be able to bet on some in-game player props involving college teams.
You’ll find a full list of upcoming betting markets on the NCAA college basketball or football games in the sportsbook lobby. So, whether you’re a fan of the Tennessee Volunteers football or basketball sides, you’ll be able to find the latest line odds and point spreads.
Other Sports Betting in Tennessee
Tennessee online sports betting isn’t just about big NHL games or the Super Bowl. You can also place bets on a dozen sports, some of which may be unfamiliar in the US.
All good Tennessee sports betting apps run markets on everything from boxing and cycling to darts, golf, motorsports, and table tennis. You’ll also find odds on all major soccer leagues in Europe and the rest of the world.