Best Tennessee Sportsbook Bonuses & Promo Codes 
It’s been a long road for Tennessee, but the curtain finally lifted on legal sports betting on the 1st of November 2020. With three sportsbooks already live and a handful of others potentially launching before too long, it’s exciting times in the Volunteer State.
One happy side effect of the arrival of legal sportsbooks is plenty of sports betting bonuses designed to encourage users to sign up – and get some extra value or boosted payouts along the way.
What Are Tennessee Sports Betting Bonuses?
Online sports betting bonuses are marketing tools that sports betting sites use to attract potential sports bettors to use their platforms. Does this mean we shouldn’t trust them or avoid them? Absolutely not.
Sports betting bonuses are beneficial for everyone. The bookmakers get new players, and we get to save some money, or the chance to win even more than we expected. As long as you fully understand the terms and conditions to avoid nasty surprises (more on that later), sports wagering bonuses are great.
Tennessee currently has three live sportsbooks, each of them with their own mobile apps, and each with their own unique bonuses and promotions.
If you are in a state where sports betting is not yet legal, you can still bet on daily fantasy sports. We offer you a comprehensive guide on how to bet on fantasy sports, as well as a comparison of the 2 biggest fantasy sites, DraftKings vs FanDuel.
This page is your full guide to getting the most out of your sportsbook bonuses in Tennessee.
We’ve got practical advice on bonuses in general (although you can check out our comprehensive bonuses page for even more details), as well as info on the Tennessee options in particular. Let’s dive in.
Who Qualifies for a Betting Bonus in Tennessee?
If you can legally place a bet in the state of Tennessee, then you can legally claim a betting bonus. Tennessee’s sports betting bill allows you to gamble as long as you are at least 21 years old and physically located within state lines. And that includes mobile betting using an iOS device like an iPhone or an Android phone.
That said, you can actually sign up and create your account – and register for your bonus – from anywhere, as long as you only place sports bets when you are physically in Tennessee. The sportsbooks use geolocation technology to identify where you are.
To fully unlock your account, including activating your betting bonus, you may also need to complete various checks to confirm your identity. This could include sending copies of some personal documentation, like your passport, driving license, or SSN.
When your account is verified, you’ll be good to go.
How Do I Claim My Tennessee Betting Bonus?
Different sportsbooks have different rules regarding claiming bonuses. Often, you’ll need to use a bonus code or promo code that you type in during the registration process, or sometimes afterward in the cashier.
Sometimes, you don’t even need to opt-in and your bonus will be credited to your account automatically, just for signing up.
You can generally claim your bonuses both on the desktop or mobile versions of the site. Tennessee allows betting using your mobile device, so you can still find all your favorite bonus offers on sportsbetting apps.
The important thing here is to check out the instructions carefully in advance. Better still, head over to our reviews and sign up using our links – we’ll make sure you don’t miss out on your bonus.
Check also which are the sportsbooks that offer fast withdrawal and easy deposit through for example PayPal.
What Are the Different Types of Betting Bonuses Available in Tennessee?
There are all kinds of bonuses out there. Below, we’ve listed some of the most common promotions you’re likely to run into. To get a full explanation of each one, head to our dedicated bonuses page.
Some types of bonuses are also more useful than others depending on which sport you want to bet on, and some are even designed especially for specific sports. Tennessee’s sports betting laws are particularly lenient so that as well as professional sports you can use your bonuses to bet on college sports like college football, college basketball, or other NCAA events.
- Free Bet Bonus
- Risk Free Bet
- Money Back Bonus
- Sign Up Bonus/Deposit Bonus/Deposit Match/Match Bonus
- No Deposit Bonus
- Reload Bonus
- Enhanced Odds
- Parlay Bonus/Teaser Bonus
- Real Prizes
What Are the Terms and Conditions for Tennessee Betting Bonuses?
If you come away from this page with only one clear idea about online sportsbook bonuses, let it be this: terms and conditions are incredibly important. They are consistently the difference between a truly valuable bonus and one which is just a good headline.
Before claiming a bonus, you should always read the small print. Understand exactly how the bonus works, what you have to do to get the most out of it, and what pitfalls you could fall into without realizing it.
Below are some of the most important concepts to look out for. More info about each is available in our full guide:
- Rollover Requirements or Wagering Requirements
- Minimum Odds
- Maximum Bet Size
- Restricted Markets
- Expiry Date
Which Tennessee Sportsbooks Have the Best Bonuses?
Somewhat counterintuitively, the concept of a “best” bonus doesn’t make too much sense. Basically, the value of the bonus very much depends on what type of bettor is claiming it.
Some bonuses are amazing for low stakes players, while others are designed for high rollers. Some promotions are great for wagering on the NFL, others are tailor-made for European soccer. MLB, NBA and NHL, and other sports betting markets for top sporting events all regularly have special offers. Some are even created for players who like to both bet on sports and hit the online casino tables.
Here, we’ve put together three of the most significant bonuses currently available in Tennessee to give you an idea of the options out there.
If you’re playing in the Volunteer State, chances are you’re going to be deciding between these promotions from TN sportsbooks.
DraftKings has quickly become one of the top sportsbooks in the US, and it was one of the first to arrive in Tennessee. The DraftKings’ welcome bonus is worth up to a massive $1,000 for new players – although it will require a bit of investment upfront.
This is a straightforward deposit bonus, worth 20% of your first deposit. However much you deposit, you’ll receive an extra 20% on top of that sum in bonus cash.
To get the full upper limit of $1,000, you would need to deposit a hefty $5,000 of your own cash. Depositing $100 will give your $120 total, which is a more manageable sum for lots of players.
Your bonus cash can be unlocked by gambling with it: every $25 you bet on odds of -300 or greater unlocks $1.
This is a good bonus for new players from DraftKings sportsbook, although probably more valuable for higher rollers.
The other of the big two betting companies who have made the switch from DFS, FanDuel’s welcome bonus is also worth up to $1,000 – although it comes in a different form.
In this case, it’s a free bet, which means that the first bet you place using FanDuel sportsbook will be risk-free – the sportsbook will refund you if it loses.
Your refund will come in the form of bonus cash, which you will need to unlock via betting before it can be withdrawn. The most you can receive is $1,000.
Just sign up, make a deposit, and place your bet. If it wins – great! If it loses, you still have the opportunity to make that money back (or win more) using your site credit.
We like this promo. It’s nice and easy to understand and it’s good for players of all sizes. Risk free bets like this are especially great for new players who have a specific, quite sizable bet in mind when they sign up.
BetMGM is the third sportsbook currently live in Tennessee, and its bonus for new members also comes in the form of a risk free bet.
This time, the upper limit is $500. So not as high-roller friendly as FanDuel but unlikely to make a difference for low and mid-range players.
Another difference is that MGM doesn’t provide your refund in bonus cash, but rather as a series of free bets worth $10, $25, or $50 depending on how much your initial stake was.
Having free bets rather than bonus cash will probably appeal to some players. It’s neater and easier to keep track of what your betting options are with the refunded cash. Every time you win one of your free bets, the winnings (but not the stake) are all yours to keep.
BetMGM also became the official sports wagering partner of the Tennessee Titans earlier this year.
What Is the Current Sports Betting Situation in Tennessee?
Tennessee online sports betting went live in November 2020 after it was signed into existence by Rep. Bill Lee, and the four sites mentioned above wasted no time in launching in the Volunteer State. Along with a desktop site and sportsbook app, each has landed fully loaded with a selection of valuable bonuses and promos.
Simply put, the current sports betting situation in Tennessee is looking good, and the future is very exciting. Whether you want to bet on the Tennessee Titans, Memphis Grizzlies, or the Nashville Predators, it’s never been easier in TN than right now.
We expect to see more sportsbooks from around the United States to enter the TN sports betting industry in the very near future.
More sports betting operators means more ways to place bets on your favorite sports teams, more mobile sports betting platforms, and best of all – more sports betting bonuses.