Sports Betting Tennessee: Best TN Online Sportsbooks (July 2024)

Tennessee introduced sports betting in November 2019 and has since become the 11th largest state in terms of total handle. Currently, there are 12 online sportsbooks operating in the state. On this page, we are covering all the ins and outs of sports betting in Tennessee, including the best platforms and bonuses to start your betting journey. 

🥇 Our best Tennessee sportsbook in July 2024 is Caesars 🥇

How We Rated the Top Tennessee Sports Betting Sites

We adopt a direct method when rating our sportsbooks, relying solely on our first-hand experience. This process is all about investing significant time to thoroughly explore and test out each platform. Our hands-on approach is the cornerstone of our rating process, as we believe that it is the only way to truly understand a sportsbook.

Our team dedicates a minimum of 2 hours to researching and testing the following six areas:

1. User Experience: It is important that a sportsbook is fun and easy to use. We invest time in meticulously exploring and interacting with the platform itself, focusing on visual appeal and organization. Users should be able to easily navigate the site and place the bets without any hassle. Our team tests this on both the desktop and mobile to ensure a consistent performance. 

2. Features: We appreciate a sportsbook that boasts a diverse range of sports and betting markets, whether mainstream or niche options. Additionally, we assess if there are any unique or standout extra features such as cash-out, live betting, DFS sections, and picking services.

3. Promotions: We want bettors to be rewarded for their engagement so we evaluate the value and availability of promotions, including the welcome bonus, ongoing offers, and the loyalty scheme. We opt into these bonuses to understand exactly how they work and if they are worth your time. Moreover, by doing this, we can understand any terms and conditions that our readers should know about. 

4. Deposits and Withdrawals: We test each deposit method by making real transactions, following the process from start to finish. We evaluate the speed and ease of the withdrawals process, for every single method. We also consider any fees or transaction size limits attached.

5. Customer Support: We assess how accessible, responsive, and helpful the customer service is. This is achieved by contacting the live chat, making phone calls, and sending emails to the support. We especially appreciate 24/7 live chat support. 

6. Responsible Gambling: We highly value platforms that promote responsible gambling whether through educational resources, providing links to support organizations, and specific tools like wager/deposit limits, time-outs, or self-exclusion.

After this, our post-publications editors are required to commit 5 hours each month to ensure that our reviews are accurate according to the latest changes to each platform. 

Why You Should Trust Us

At WSN, our mission goes beyond simply providing information - it is about establishing ourselves as a dependable and trustworthy source. We do this by personally testing every site, fact-checking, and delivering feedback that is unbiased and personal. 

We have grown and evolved alongside the betting industry, which means that we have an in-depth understanding of how it operates. Over this time, we have cultivated a level of expertise that shapes our reviews. At the end of the day, we want to provide you with guidance so that you can make informed betting decisions.

Closer Look at the Best Online Sportsbooks in Tennessee

1. Caesars Sportsbook

Best for: Loyalty scheme

In the US, Caesars is a titan in the entertainment industry, with multiple luxury hotel and casino resorts and a world-class sportsbook. If you are searching for a premium platform with a trusted reputation, then Caesars is the perfect choice. 

This sportsbook truly excels when it comes to its loyalty scheme since it integrates other parts of the Caesar’s brand. Members of Caesars Rewards are awarded credits for their activity whether through hotel bookings, shopping, dining, and with every bet that you make. As you advance through the levels, these credits can then be exchanged for hotel discounts, free stays, room upgrades, special events, and dining vouchers.

As part of the welcome package, you will receive 1,000 Tier and Reward Credits for Caesars Rewards. The rest of the offer includes a second chance bet up to $1,000, which acts as a safety net for your initial wager. You can use this bonus to explore the wide range of sports and betting markets offered. 

Navigating Caesar’s site is the ideal blend of simplicity and sophistication. Thanks to an intuitive and user-friendly design, you can easily discover the various features of the platform. If you do run into any problems, you can contact helpful customer support, whether through live chat, phone, email, or social media.

Discover more in our detailed review of Caesars Sportsbook.

💰Sign-up offer: $1,000 First Bet on Caesars with the promo code WSN1000.

Caesars Sportsbook Ratings

⭐ WSN Rating: 4.3/5

⭐ Apple App Store: 4.6/5

⭐ Google Play Store: 4.3/5

⭐ Trustpilot: N/A

Claim Your Caesars Sportsbook Bonus 

2. FanDuel Sportsbook

Best for: Mobile app

FanDuel claimed the title for the highest total betting revenue of any US sportsbook, and it is clear to see why as this platform offers a stellar betting experience. If you want an all-round fantastic sportsbook, then it is definitely worth checking out FanDuel.

For new players, FanDuel has an offer of $200 in bonus bets. You can only claim these bonus bets by placing and winning your first $5 bet.

It is an excellent chance for bettors to have a taste of the sportsbook without risking a significant amount. After this, you can benefit from a whole host of regularly updated promotions based on new sports seasons and championships.

FanDuel has the best mobile app in the industry, which boasts a 4.8/5 on the App Store and 4.7/5 on the Google Play Store. This is a testament to the app’s excellent interface, functionality, and user satisfaction. The app gives you all the same functionality as the desktop site, including unique features such as ‘Popular Same-Game Parlays’.

At FanDuel, depositing and withdrawing are effortlessly convenient, with a variety of payment options, including both traditional and modern methods. In fact, if you opt for PayPal, Venmo, or Prepaid+ to make a withdrawal, then impressively, you can enjoy your winnings within 24 hours. 

Check out our complete review of FanDuel Sportsbook.

💰Sign-up offer:  Bet $5, Get $200 in Bonus Bets.

FanDuel Sportsbook Ratings

⭐ WSN Rating: 4.8/5

⭐ Apple App Store: 4.8/5

⭐ Google Play Store: 4.7/5

⭐ Trustpilot: 1.3/5

Claim Your FanDuel Sportsbook Bonus 

3. BetMGM Sportsbook

Best for: Welcome bonus

BetMGM has a trusted and reputable standing in the US betting industry as a product of the hospitality giant that is MGM Resorts. If you are on the hunt for a sportsbook that lives up to its reputation, then consider BetMGM as an option.

Entering the site, bettors are greeted to a well-organized and aesthetically pleasing design that has a premium feel. The interface strikes the right balance between being simple enough for beginners while also offering a level of complexity that appeals to longtime bettors. You can explore a great variety of markets, whether popular options like basketball or football, as well as less mainstream choices such as darts or badminton. 

BetMGM warmly welcomes bettors with an amazing offer, which is the highest second chance bet offer in the industry. You can get up to $1,500 in Bonus Bets. Aside from this, we have to give praise to the BetMGM live betting options and loyalty scheme. Bettors can accumulate points that can be converted into bonus credits. Then, you can benefit from a range of perks with top rewards, including dinners, hotel stays, and trips at MGM Resorts.

Explore our comprehensive review of BetMGM Sportsbook here.

💰Sign-up offer: Get Up to $1,500 in Bonus Bets! with the promo code WSNMGM.

BetMGM Sportsbook Ratings

⭐ WSN Rating: 4.4/5

⭐ Apple App Store: 4.8/5

⭐ Google Play Store: 3.6/5

⭐ Trustpilot: 1.2/5

Claim Your BetMGM Sportsbook Bonus 

Full List of Legal Sportsbooks in Tennessee

The full list of all 12 legal online sportsbooks that are available in Tennessee is here: 

• Action 24/7

• Betly 

• BetMGM

• Caesars Sportsbook

• DraftKings

• ESPN Bet

• Fanatics Sportsbook

• FanDuel

• Hard Rock

• SuperBook

• Wagr

• ZenSports

Tennessee Online Sports Betting Sites

Is Sports Betting Legal in Tennessee?

Yes, sports betting is legal in Tennessee as of Nov. 1, 2019, when online sportsbooks were launched. Governor Bill Lee signed House Bill 0001 (Tennessee Sports Gaming Act) into law in May 2019. Previously, sports betting regulation was overseen by the Tennessee Education Lottery Board, but it is now under the authority of the Tennessee Sports Wagering Advisory Council.

Tennessee is one of two states that have legalized online sports betting, but does not allow for in-person gambling. There are no retail or land-based sportsbooks in the state. Currently, there are 12 online sportsbooks, which are soon to become 13, as Bally Bet has been approved.

How to Get Started

It is quite simple to begin your betting journey in Tennessee. If you are a newcomer, here's a step-by-step guide to help you through the process. 

1. Select a licensed sportsbook. Firstly, research and choose a reputable sportsbook with a valid license from the Tennessee regulatory authority. By doing so, you ensure the protection of your financial and personal information. All sportsbooks previously mentioned in this article are registered and regulated by the Tennessee Sports Wagering Advisory Council, so they are your safest bet.

2. Register for an account. Visit your chosen platform and begin the sign-up process. You will be asked for obligatory information such as your name, email, and password.

3. Verify your identity. Some platforms require you to confirm your identity. This typically involves submitting documents like your ID or proof of address. 

4. Claim your welcome offer. Sportsbook will offer a welcome bonus to incentivize bettors to join the platform. Common offers include bonus bets, second chance, deposit match, and no-deposit bonuses. Remember to always be aware of any T&Cs before claiming your bonus. 

5. Deposit money. Find the cashier section and choose your preferred payment method. This can include credit/debit cards, bank transfers, or e-wallets. You can then enter the necessary details and the amount that you wish to deposit. The minimum amount varies depending on the platform, but $10 is the industry standard.

6. Place your first bet. Take a look at the sports markets that you wish to bet on. Then, add your bet to the bet slip and enter the stake amount. Finally, click the button to confirm your bet.

7. Withdraw your winnings. If your bets are successful, then you can withdraw your winnings. The processing time is dependent on your chosen payment method and the sportsbook itself.

Tennessee Sportsbook Bonuses

Sportsbooks have various incentives and bonuses to create an enjoyable and rewarding experience. Welcome bonuses tend to be the most generous, as they are designed to attract new bettors to the platform. Before claiming any bonus, it is important to thoroughly read the T&Cs to take note of any criteria that might affect your bonus down the line. 

Here are the most common kinds of welcome bonuses for sportsbooks in TN: 

Bonus Bets

A bonus bet or bonus bets is awarded to bettors after an initial deposit or wager. Simply put, it is a kind of betting voucher. It is frequently found as a welcome bonus for sportsbooks, allowing new users to experience the platform without risking a large amount of money up front.

Second Chance Bets

This kind of bet offers a safety net, as you are given a second chance to claim back a portion or all of your initial bet. Essentially, the sportsbook refunds a specified amount in bonus bets if your initial wager results in a loss.

Deposit Match Bonuses

A deposit match bonus involves the sportsbook matching a percentage of your deposit up to a certain limit. Ultimately, the more you deposit, the more you can benefit from this bonus. 

No-Deposit Bonuses

This type of bonus requires no deposit or wager; it is entirely free. All you have to do is register for the sportsbook to qualify for the bonus. It is less common than other bonuses and on the smaller side, generally ranging from $10 to $20. 

Which Sportsbook Apps Are Available in Tennessee?

Mobile sportsbooks allow users the unparalleled convenience of placing bets from anywhere and at any time. Bettors no longer have to be attached to a desktop, instead they can integrate betting into their lifestyle by using a phone or tablet on the go. All our top sportsbooks possess fantastic apps:

1. FanDuel - 4.8/5 (iOS); 4.7/5 (Android)

2. BetMGM - 4.8/5 (iOS); 4.3/5 (Android)

3. Caesars Sportsbook - 4.6/5 (iOS); 4.3/5 (Android)

What Betting Markets Are Available in Tennessee?

Bettors in Tennessee can access a broad variety of sports and markets, whether mainstream or niche. If you are a beginner, all these options might seem confusing at first, so we’re explaining , the most popular markets below: 

Moneyline

Moneyline bets involve predicting which team or individual will win a game. The payouts with moneyline bets are determined by the odds, which are set by the sportsbook. The positive odds indicate a reduced likelihood of winning, whereas the negative odds indicate the favorite. Take a look at this example from the NBA:

• Indiana Pacers (+142)

• Memphis Grizzlies (-170)

With this example, the Memphis Grizzlies are the favorite so you would have to make a bet of $170 to win $100, for a total payout of $270. On the other hand, for the Indiana Pacers, you would need to wager $100 to make a profit of $142. If they do win, your total payout would be $242. 

Point Spreads

A point spread bet consists of wagering on a team to win by a specific margin of points or avoid losing by less than that margin. The favorite team must win by more than the spread, while the underdog needs to lose by fewer points than the spread. Essentially, it creates a more balanced betting situation. Let’s take a look:

• Indiana Pacers +4.5 (-110)

• Memphis Grizzlies -4.5 (-110)

Here, to win a bet on the Indiana Pacers, they would need to win by 5 points or more. Whereas, if you bet on Memphis Grizzlies, they would have to win the game or avoid losing by 5 points. Point spread bets normally have odds of around -110 for both sides. 

Totals

A totals bet does not focus on which side wins or loses, rather on the total number of points scored in a game. It’s also known as an Over/Under bet because you are predicting whether the total combined score of both teams will be over or under a set number. It can look like this:

Indiana Pacers vs. Memphis Grizzlies

• Over 245 (-110)

• Under 245 (-110)

Futures

Future bets are long-term wagers on events that will happen far into the future, including often before the season has begun. For example, if you are confident that the Memphis Grizzlies will win the NBA championships at the start of the season, then you can place a future bet on them to win.

Prop Bets

With prop bets, you are betting on specific events within that game that do not necessarily affect the game’s outcome. This kind of bet can cover a range of scenarios such as player or team performance, statistics, or other occurrences. For example, it can be the first team to score in the game, first touchdown scorer, or the number of penalties. The performance of individual players is another popular subject of prop bets, like betting on how many yards a QB throws for in an NFL game. 

Parlays

Parlays involve combining multiple individual bets into a single wager. All individual bets must be successful to win the parlay and the odds are multiplied together. As such, you can benefit from significantly higher payouts, although there is also a greater risk. With a teaser bet, you can adjust the point spreads or totals in a parlay. However, this does mean that there is a comparably lower payout.

Live Betting

Live betting allows you to place bets on a game or event while it is happening. The odds are updated based on real-time changes in the game, whether scores, player performance, and other relevant events. Therefore, you can react to the unfolding events when deciding your bets. Many Tennessee sportsbooks will have dedicated live betting sections, with some even offering live streaming options. 

What Restrictions Apply to Betting in Tennessee?

Tennessee sports betting is subject to the following restrictions:

• Retail betting is not allowed and there are no no land-based casinos or sportsbooks.

• Online casinos have not been legalized in the state.

• It is not legal to make prop or live bets on college sports

• You cannot bet on any political or entertainment events.

• It is not allowed to make wagers on high school sports.

Betting on College Sports in Tennessee

Betting on college sports is legal in the state of Tennessee. However, it is not legal to wager on college player props.

The full list of NCAA Division 1 College Programs in the state is here:

• Austin Peay Governors 

• Belmont Bruins

• Chattanooga Mocs

• East Tennessee State Buccaneers 

• Lipscomb Bisons 

• Memphis Tigers

• Middle Tennessee Blue Raiders

• Tennessee Volunteers

• Tennessee State Tigers and Lady Tigers

• Tennessee Tech Gold Eagles

• UT Martin Skyhawks

• Vanderbilt Commodores 

Tennessee Sports Betting Facts

How Does Tennessee Online Sports Betting Compare to Other States?

Tennessee has reported a total handle of $11 billion since online sports betting was legalized, making it the 11th-highest state in terms of total handle. In terms of population, it is the 15th largest state, with 7.1 million people. 

Generally, Tennessee has a slightly lower total handle than others, considering the size of the state. It must be considered, though, that there is no retail sports betting in the state. Both Indiana and Iowa legalized sports betting in September 2019, so they are good points of comparison. Indiana has a slightly smaller population of 6.8 million and has a total handle of $13.8 billion after legalization. Iowa has almost half the population, with 3.2 million, but has a total handle of 7.3 billion.

In the first month, Tennessee generated $131 million in handle while having a high of $517 million in November 2023. Arizona has a close population size at 7.4 million and had $459 million in November, while Massachusetts has around 7 million residents, with $654 million handle in the same month.

Tennessee has quite a high tax rate of 20%, which is considerably higher than Nevada’s 6.75% and Michigan’s 8%. Although, it is significantly less than Pennsylvania’s 36% and New York’s 51%. Unlike other states, Tennessee allows for betting on college sports, DFS, and e-sports. 

Tennessee Sports Betting Updates

After the US Supreme Court overturned PASPA, Tennessee swiftly moved to legalize sports betting, although it took 2 years for the first online sportsbooks to launch. Below, we have provided a timeline of the main events throughout this process:

• June 11, 2024 - The Tennessee Sports Wagering Council approved a $50,000 fine against Fanatics Sportsbook and a $60,000 fine against ZenSports. Fanatics had self-exclusion list violations, and ZenSports did not have enough money in reserve to cover outstanding bets.

• May 23, 2024 - Tennessee sports betting handle fell to $380.9 million in April, down 19.5% from March but up 19.6% year over year.

• May 8, 2024 - The Dave & Buster’s app is reportedly rolling out in-store peer-to-peer betting on some arcade games in 44 states, including Tennessee.

• April 16, 2024 - Tennessee sports betting handle rose to $473.5 million in March, up 24.5% from February.

• March 13, 2024 - Tennessee sports betting handle dropped to $380.3 million in February, down 22.9% from January but up 13.9% year-over-year.

• Feb. 26, 2024 - Tennessee sports betting handle fell to $467.4 million in January, down 5.5% from December.

• Feb. 7, 2024 - LSR projects Super Bowl betting handle in Tennessee to be around $34.4 million, potentially a top 15 state in terms of handle.

• Jan. 25, 2024 - Atlanta-based PrizePicks adds a new peer-to-peer game, PrizePicks Arena, to Tennessee and three other states.

• Jan. 17, 2024 - Tennessee's sports betting handle dropped to $495 million in December. A 4.2% drop from the previous month.

• Dec. 14, 2023 - Tennessee sports betting handle hit $517 million in November, a new record and a month-on-month increase of 16%.

Is Daily Fantasy Sports Legal in Tennessee?

Yes, DFS is legal in Tennessee. It was the third state to legalize DFS in 2016. You can find fantastic DFS platforms at FanDuel and DraftKings. 

Sports Teams in Tennessee

Tennessee has a rich sports culture, possessing teams in the NBA, NHL, MLS, and NFL. Although these teams have not seen much success on a national level in a long time, they play a vital role in producing a passionate sporting community in the state.

• Memphis Grizzlies - The Memphis Grizzlies are yet to win an NBA championship but have picked up their first two Division titles in 2022 and 2023. Their home stadium is the FedExForum in Memphis.

• Nashville Predators - A professional ice hockey team, the Nashville Predators compete in the NHL. They have never won the Stanley Cup, but they did advance to the finals in 2017.

• Tennessee Titans - The Tennessee Titans are the state’s only NFL team, and they have made it to just one Super Bowl in the past. The team does have a rich and long-standing history in football, winning two AFL Championships in 1960 and 1961, but has not seen major championship success since then.

• Nashville SC - Nashville SC is a professional soccer team, playing in the MLS. Although they have no MLS cups under their belt, they have reached the semi-finals a couple of times.

Tennessee Sportsbook Partnerships

Each of Tennessee’s major league teams has officially partnered up with leading sportsbooks. 

• In August 2022, Caesars became the official sports betting partner of the Memphis Grizzlies, entering a multi-year partnership. 

• BetMGM was named the official sportsbook partner of the Nashville Predators as of December 2022. In the same month, the sportsbook also partnered with the Tennessee Titans.

• In April 2022, Nashville SC became the official partner of Wagr, the social sports betting platform.

Responsible Gambling Resources in Tennessee

The state of Tennessee ensures that there is a responsible and safe gambling environment for bettors with state-approved and state-funded resources. 

• The Program Gambling Treatment Service Program is a multi-purpose program to help inform people about problem gambling and provide treatment for those who are affected.

• Tennessee REDLINE is a 24-hour hotline that can be contacted at 800-889-9789.

• Gamblers Anonymous offers GA meetings and services in Tennessee.

• National Council Problem Gambling covers the whole of the US, they also have a hotline at 800-522-4700.

Many Tennessee sportsbooks have specific tools that can help manage your gambling habits:

• Deposit/wager limits - Sets a predetermined amount so that you control your spending.

• Time alerts - Turns on notifications to remind you of how long you have been betting.

• Self-exclusion - Stops you from accessing a platform for a set period of time or indefinitely.