The Volunteer state is one of the most interesting states when it comes to sports betting, because of its unique regulations. Tennessee set up sports betting unlike any other state, and it comes with pros and cons. Still, sports betting is available in Tennessee which is a great starting point.
Contents
- Is sports betting legal in Tennessee?
- What betting sites are legal in Tennessee?
- Tennessee Sports Betting Rules and Regulations
- Best Mobile Sportsbooks available in Tennessee
- Tennessee Sports Betting Promos
- What are the sports to bet on in Tennessee?
- Tennessee Sports Betting Tips
- Tennessee Sports Betting Tax Rates
- Is DraftKings sports betting legal in Tennessee?
- Is FanDuel sports betting legal in Tennessee?
- Tennessee Sports Teams
- Latest Tennessee sports betting news
Is sports betting legal in Tennessee?
Yes, sports betting is legal in Tennessee, but the state is different in that there are no physical betting sites at all. This is the opposite of several states that are strictly retail, but it may help as most betting tax revenue is generated through mobile betting. They’ve been accepting bets since 2020 and are adding mobile sportsbooks rapidly.
What betting sites are legal in Tennessee?
Tennessee has a bunch of great betting sites available as a result of only allowing mobile betting. Each site has different perks, so it’s best to browse and find the best betting site for yourself.
BetMGM
Known as The King of Sportsbooks, BetMGM stands out due to offering niche sports along with the major options. They’re a trusted name and a great experience for all users.
DraftKings
DraftKings has emerged as one of the biggest sportsbooks nationwide after making its name initially through daily fantasy sports. Their app is widely considered one of the best in the business.
FanDuel
Another company that emerged from daily fantasy, FanDuel is another sportsbook with a top-notch app. FanDuel was at the forefront of the same-game parlay trend that’s sweeping through American sportsbooks.
Caesars
A key component of Caesars sportsbooks is the rewards program that’s second to none. They have a massive sports betting menu and competitive odds as well.
WynnBet
WynnBet excels in the simplicity of its app. Their prices are competitive, and they provide options for major sports and events swiftly.
Barstool
While the Barstool media imprint may already be well established, the Barstool Sportsbook is growing, with Tennessee as one of its markets. Their promos, bonuses, and connections with the media side make Barstool unique.
SuperBook
Live betting is the standout feature when it comes to using SuperBook. They have an incredibly detailed and accurate stats display to help bettors as they bet.
Wagr
Wagr is a new sportsbook that is unlike any other because it also functions as a social platform. You can bet head-to-head against friends, or keep up with other people’s picks through Wagr’s app.
Sportsbooks Potentially Coming Soon
Bally Bet: A trusted brand with a great loyalty program and options for the top leagues.
BetRivers: One of the top options for live betting and casino rewards.
Fubo Gaming: A well-designed interface and speedy app help Fubo Gaming stand out in other states.
PointsBet: The Australian sportsbook that has the one-of-a-kind PointsBetting system and elite odds.
Zen Sports: An app looking to bypass a central bookmaker and allow bettors to take and accept bets from anyone globally.
Tennessee Sports Betting Rules and Regulations
In Tennessee, provided you are 21, you can sign-up with a sportsbook if you enter the following information:
Name
Email
Date of birth
SSN
Phone number
Address
Password
They will verify your location, and after making a deposit you can legally bet on things such as:
The 10% Hold
One of the most noticeable rules of Tennessee sports betting is the state-mandated 10% hold, which unfortunately hurts bettors. Simply, the odds will be worse, such as -110 odds in most states being -120 in Tennessee. This is in place to ensure Tennessee makes money from sports betting, even if sportsbooks don’t.
No College Player Props
Tennessee is another state that forbids wagering on a collegiate athlete’s performance for a game. College sports are allowed, but college player props are not.
Best Mobile Sportsbooks available in Tennessee
This is a ranking of some of the top mobile sportsbook options available to bettors in Tennessee. Of course, rankings are subjective as everyone values different things in a sportsbook.
FanDuel: Great reviews, easy to use, and same-game parlays.
DraftKings: Sleek and smooth interface makes betting on their app convenient.
BetMGM: The largest variety of sports and a great parlay builder.
Caesars: Amazing rewards, odds, and presentations are staples of the Caesars app.
WynnBet: It’s impossible to get lost or overwhelmed using WynnBet.
Barstool: Seamless integration with their media personalities and platforms.
Tennessee Sports Betting Promos
FanDuel No Sweat First Bet
FanDuel offers insurance on a new user’s first bet, up to $1,000. If you place a bet and it loses, they’ll give you the money back in free bets, up to $1,000. If your first bet wins, you keep the winnings.
Get your $1,000 No Sweat First Bet by clicking here and joining FanDuel
DraftKings First Deposit Bonus
DraftKings will give customers a 20% deposit match when they sign-up and make their first deposit. The bonus caps at $1,000, so you can deposit up to $5,000 and get 20% of it matched by them.
New DraftKings players get a deposit bonus up to $1,000
WynnBet Bet $100 and Receive $100
Like FanDuel, WynnBet offers first bet insurance, but theirs works differently. Here, you must place a wager of at least $100 on anything with -120 odds or greater, and if it loses you receive a $100 free bet.
Full Caesar
Tying in with their rewards program, Caesars offers first bet insurance along with other Caesar's credits for your first bet. You can wager up to $1,250 and get it back in free bets if it loses. Whether you win or lose, you’ll also get 1,000 Rewards Credits and 1,000 Tier Credits from Caesars through this offer.
Up to $1,250 back on your first bet when you join Caesars here
BetMGM Welcome Bonus
At BetMGM, the new user bonus is a $1,000 risk-free bet. The minimum bet is only $0.50, but any wager up to $1,000 is refunded in free bet credits if the wager loses. Of course, winners get to keep the money they win from their first bet.
$1,000 Risk-Free Bet for all new BetMGM players here
Barstool 2-for-1 Bonus
Barstool’s sign-up offer is also a risk-free bet of up to $1,000, but they add money to your account as well. After you register, they will gift you $10, and that $10 along with whatever your first bet amount is counts towards your free bet.
SuperBook Sign Up
As a greeting for new customers, SuperBook offers a 100% bonus match after your first deposit, up to $1,000. It’s given to you automatically as 50% of your bets on any wagers with -200 odds or higher.
Get up to a $1,000 bonus when you sign up to Superbook
What are the sports to bet on in Tennessee?
These are some of the sports available to legally bet on in Tennessee:
Auto-Racing: Formula One, IndyCar, NASCAR
Baseball: MLB
Basketball: NBA, WNBA, International
Boxing
Bowling
College: Basketball, Football
Football: NFL and CFL
Golf: PGA, LPGA
Rugby
Soccer: UEFA Champions League, MLS, Premier League,
Tennessee Sports Betting Tips
Read Up on Terms
Betting on things and not knowing what they entail isn’t smart, especially not long-term. Ask a friend or read a guide to learn what everything means before diving in.
Watch Your Wallet
You should always be aware of how much money you can afford to bet with and be aware of your betting habits. Betting isn’t fun when you lose all of your money.
Make Smart Decisions
If constantly betting on your favorite team to win isn’t working out, maybe don’t do it anymore. If none of your parlays are hitting, maybe switch to single bets or round robins. Taking the same risks and constantly getting burnt by them is not fun or financially responsible.
Tennessee Sports Betting Tax Rates
When you win money from gambling, anything exceeding $600, must be reported on your taxes. Money won from sports betting is taxed at a 24% rate by the federal government. You can deduct sports betting losses as an itemized deduction, but can’t deduct more than you report winning from sports betting.
Is DraftKings sports betting legal in Tennessee?
DraftKings is legal in Tennessee and was one of the few sportsbooks to be available on opening day for Tennessee sports betting.
Is FanDuel sports betting legal in Tennessee?
Yes, FanDuel’s sportsbook is also one of the sports betting options available to people interested in betting in Tennessee and has been since day one like DraftKings.
Tennessee Sports Teams
Belmont Bruins
Memphis Tigers
Nashville Predators
Tennessee Volunteers
Vanderbilt Commodores
Latest Tennessee sports betting news
August 27, 2022: Vanderbilt dominated Hawai’i, winning 63-10 to begin the season 1-0.
August 31, 2022: Nashville SC seeks a third straight victory when they take on Colorado Rapids at home.
September 1, 2022: The Volunteers will welcome Ball State to Neyland Stadium as they look to start their season with a victory.
September 1, 2022: Bad news, Harold Landry, who led the Titans in sacks with 12.0 in 2021, suffered a torn ACL, a massive blow to the defense.
September 3, 2022: The Memphis Tigers travel to Mississippi State to take on the Bulldogs in their first game of the college football season.
September 11, 2022: The Tennessee Titans host the New York Giants to begin their season.
