Top Tennessee Sports Betting Sites: Best Sportsbooks in Tennessee for 2024
The Tennessee sports betting market operates exclusively online, with users able to place bets through mobile apps at 11 licensed Tennessee sportsbooks. Bettors can access a variety of promotions and bonuses from these sportsbooks as long as they are within state boundaries. For detailed information about Tennessee sportsbooks, check out our comprehensive state guide.
| Sportsbook | Bonus | Availability | Claim Offer |
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$1,000 First Bet on CaesarsTerms & conditions apply |
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20% Deposit Match up to $1,000New customers only. Deposit min. $5. Place daily first bet of min. $5 and get up to a $100 bonus bet for 10 consecutive days. Daily bonus issued within 72 hours. |
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Claim Offer
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First Bet Offer up to $1500Bonus bets expire in 7 days. One new customer offer per user. Additional terms apply. 21+. Gambling Problem? Call 1-800-GAMBLER. |
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Claim Offer
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Deposit $50 play with $100Terms & conditions apply |
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Claim Offer
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Tennessee Sports Betting Updates
Tennessee's sports betting market has experienced significant developments since its inception. Here are key updates:
- July 23, 2024: A Tennessee resident wins $900,000 at Fanatic Sportsbook by correctly predicting four outcomes in the 2024 T-Mobile Home Run Derby.
- July 22, 2024: SuperBook Sports exits Tennessee along with seven other states post-PASPA.
- July 12, 2024: Tennessee's SWAC reports a 49% year-over-year increase in sports betting handle, reaching $344.8 million in June.
- March 12, 2024: Tennessee's sports betting handle drops below $400 million in February, marking an 18.6% month-over-month decrease.
- Nov. 14, 2023: ESPN BET launches in Tennessee and 16 other states, expanding its online and mobile sports betting presence.
- Aug. 11, 2023: WynnBET announces the closure of its online sports betting operations in Tennessee.
- June 28, 2023: Tennessee introduces a new tax structure for sportsbooks based on their betting handle rather than revenue.
- Jan. 25, 2024: PrizePicks adds a new peer-to-peer game, PrizePicks Arena, in Tennessee.
Background
The Tennessee Sports Gaming Act took effect on July 1, 2019, after Governor Bill Lee allowed the bill to become law despite his opposition to gambling. This marked the beginning of online-only sports betting in the state, with initial approvals for DraftKings, FanDuel, and BetMGM. The market has since expanded, with significant milestones including record-high betting handles and the addition of several new sportsbook operators.
Is sports betting legal in Tennessee?
Yes, sports betting is legal in Tennessee. Online sports betting began on November 1, 2020, following the establishment of regulations by the Tennessee Education Lottery Board on April 15, 2020. The Tennessee Sports Wagering Advisory Council (SWAC) took over formal regulatory responsibilities and adopted permanent regulations on March 10, 2022. In Tennessee, sports betting is conducted exclusively through online platforms.
Who is eligible to bet on sports in Tennessee?
Anyone aged 21 or older and physically present in Tennessee is allowed to place sports bets within the state. Unlike many states, Tennessee does not offer any physical sportsbooks, so all betting must be done online.
Here's what you need to know before making your first sports bet in Tennessee.
Minimum Age
You must be at least 21 years old to legally place a sports bet in Tennessee.
Mobile Betting
Bets can be placed via legal Tennessee sports betting websites or mobile betting apps. The Sports Wagering Advisory Council is responsible for regulating all sports betting in the state as of Jan. 1, 2022.
Remote Registration
Since Tennessee has no in-person betting options, the entire registration process can be completed online. Bettors can enter personal information and start betting in minutes.
In-State Betting
Online sportsbooks use geolocation technology to verify that you are within Tennessee's borders before allowing you to place a bet. If geolocation services are disabled, you will not be able to place a bet.
Retail Sportsbooks
Tennessee does not offer any physical sportsbooks. All sports betting must take place online, with no current plans to introduce brick-and-mortar sportsbooks.
Taxable Winnings
Although all sports betting winnings are taxed at the federal level, there is no personal state income tax on these winnings in Tennessee. However, sportsbooks will withhold 25% of winnings if you provide your SSN, or 28% if you do not.
The pros and cons of Tennessee sports betting
The ability to register and place bets remotely is a huge advantage for sports bettors in Tennessee. With no physical sportsbooks available in the state, all betting must be done online. This makes it convenient for beginners and intermediate bettors to explore the handful of available sportsbooks.
However, the mandated 10% hold on all wagers means that bettors in Tennessee are often dealing with less favorable odds compared to other states. Additionally, while online betting is permitted, you can't place bets on college player props in the state.
Remote registration and deposits- No cap on the number of operators
- Only southern state to permit online betting
- No in-person betting
- Can't bet on college player props
- Mandatory 10% hold
How to start betting in Tennessee
Tennessee is one of just two states, along with Wyoming, that feature online-only sports betting. You will not be able to engage in legal sports betting via retail casinos or physical sportsbooks.
Select a sportsbook
When reviewing the various Tennessee sports betting sites, be sure to consider not only promotional offers but also the odds and prices offered by each provider. Tennessee’s 10% mandatory hold of sports wagers far exceeds the national average, so finding the best odds is crucial. After checking out sportsbook reviews and reading over the terms and conditions of each provider, you'll be ready to choose the sportsbook that best meets your betting needs.
Register online
Tennessee's fully online sports betting makes the registration process seamless. You can register on a Tennessee sports betting website or mobile app by entering some personal information and verifying your identity.
Claim a bonus
Look out for sign-up bonuses offered by Tennessee sportsbooks. Here are some of the most common bonuses you may encounter:
- Second chance bets: If your first bet loses, the sportsbook will refund the amount, usually as site credit.
- Deposit match: Some sportsbooks will match your initial deposit, though terms may apply.
- No deposit bonus: A small bonus credited to your account just for signing up.
Choose your bet
Aside from the inability to live bet college sports, all other popular bet types are available on Tennessee online sportsbooks. These include moneylines, point spreads, Over/Under (totals), futures, prop bets, teasers, and more.
Deposit
Deposits are easy with popular payment methods such as debit cards, credit cards, bank transfers, PayPal, and PayNearMe.
Start betting
Line shopping is critical in Tennessee. Since sportsbooks may offer different odds, it's essential to identify the sportsbook(s) with the most favorable betting lines to ensure you're getting the best value for your bets.
Withdraw
Withdrawals may take longer than deposits to process, so familiarize yourself with each sportsbook's withdrawal terms. Keep an eye on any fees associated with your chosen withdrawal method.
Odds explained
Tennessee sportsbooks use American Odds as the default option. A minus (-) sign indicates the favorite, showing how much you need to wager to win $100. For example, -120 odds mean you must bet $120 to win $100. A plus (+) sign represents the underdog, showing how much you'll win for a $100 bet. For instance, +180 odds mean a $100 bet will win you $180.
Moneyline odds apply to various bet types. Some players prefer decimal odds, which may also be available on Tennessee sportsbooks. Use an odds converter to switch between formats.
What you can't bet on in Tennessee
Tennessee sports betting laws are relatively permissive, but there are a few notable restrictions. The state prohibits certain types of college sports wagers, and betting on high school athletics or any amateur sports involving athletes under 18 is also off-limits.
NFL Draft
Tennessee bettors can legally bet on all seven rounds of the 2024 NFL Draft. The excitement surrounding this event makes it one of the most popular offseason betting options in the state.
College sports
College sports betting is permitted in Tennessee, with the exception of live betting and college player props. Bettors can wager on both in-state and out-of-state college games.
esports
Tennessee allows legal esports betting, though each event must be individually approved by the Tennessee Sports Wagering Advisory Council (SWAC) before odds are posted.
Politics
Betting on political events is strictly prohibited in Tennessee, and this restriction applies across all states in the U.S.
Other types of gambling
Tennessee has strict gambling laws, with no retail casinos, racetracks, or off-track betting outlets in the state. However, residents still have a few alternatives when it comes to other forms of gambling.
