Tennessee Sports Betting

Chet Fussman for Bookies.com

Tennessee sports betting launched in November 2020, the first online-only sports wagering market in the U.S.

Four online sportsbooks began accepting bets on Nov. 1: national heavyweights BetMGM, DraftKings and FanDuel, along with Nashville-based Action 24/7. Three more operators are awaiting approval from the Tennessee Education Lottery, which regulates sports betting in the state. State lawmakers set no limit on the number of available sportsbook licenses.

Adopting an online-only sports wagering model made sense for the Volunteer State, which has no casinos or racetracks to house retail sportsbooks. It was also a concession to Gov. Bill Lee, who opposed expanding gambling in the state but allowed the bill to become law without his signature.

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Tennessee Sportsbook Locations

How We Pick the Best Tennessee Sports Betting Sites

Our team of experts has spent years independently reviewing and rating sports betting sites in North America. We know what to look for, sign up for accounts and place wagers. Among the most important criteria we consider when making recommendations:

Safety: Any site we review must be properly licensed and regulated by the Tennessee Lottery, ensuring that accounts are legal, safe and secure. We do not recommend offshore-based sports betting sites, which operate without proper regulation and may place your funds and personal information at risk with no recourse.

Prices and odds: Tennessee’s 10% mandatory hold on all sports wagers is well above the national average, so finding the most favorable prices and betting lines — which vary from site-to-site — is crucial for bettors.

Bonus offers and promotions: As competition increases in the Tennessee online sports betting marketplace, online sportsbooks will offer an increasing number of bonus offers and promotions to sign up new players.

Mobile app and software: Online-only sports betting means operators must have the most up-to-date and tech-savvy betting apps. The apps must be multi-functional, allowing players to check odds, wager, make payments and manage their accounts.

Wagering options: Does the site offer in-game wagering options? Does it offer a solid menu of futures and prop bets on the sports you want?

Is Online Sports Betting Legal in Tennessee?

Yes. Online sports betting legislation was passed by the Tennessee legislature in April 2019 and officially became law on July 1, 2019. The law made Tennessee the first state to approve online-only wagering, meaning no brick-and-mortar sportsbooks are allowed.

The first online sportsbook wager was placed and accepted on Nov. 1, 2020. The state’s four online sportsbooks handled $27 million in wagers during their first week of operation.

Tennessee Sports Betting Apps

Four sports betting apps were available in Tennessee at the end of 2020: BetMGM, DraftKings, FanDuel and Action 24/7. License applications are pending for three more operators, BetAmerica, William Hill and WynnBET.

A brief look at each of the apps currently operating in Tennessee:

BetMGM Sport
BetMGM: The online sportsbook affiliated with MGM Resorts is available in more than a half-dozen states across the U.S. That includes Tennessee, where BetMGM has a partnership with the NFL’s Tennessee Titans. The BetMGM sportsbook app is easy to use and features a variety of unique bet options, including an early cash-out that allows bettors to settle wagers before a game ends.
DraftKings Sport
DraftKings: The DraftKings’ mobile and online sports betting app is available in more states than any other legal sports betting operator in the U.S., according to the Boston-based company. The DraftKings Sportsbook offers Tennessee bettors state-specific promotions and odds boosts and provides a shared wallet for sports bettors and fantasy sports players.
FanDuel
FanDuel: A national leader in Daily Fantasy Sports has also become a sports betting giant in the U.S., and recently announced a partnership with the NBA’s Memphis Grizzlies. The FanDuel app is considered one of the most sports bettor-friendly and easy to navigate, with a separate live betting section and same-game parlay feature. Like DraftKings, the FanDuel shared wallet allows account funds to be wagered on both sports games and DFS.

Action 24/7: The Nashville-based startup gives Tennessee sports bettors a local option. “We’re not a mega-corporation from some far off land,’’ the company says on its website. “We’re Tennessee owned and operated.’’ The sportsbook app provides plenty of promotions and offers a range of wagering options, including Tennessee-specific parlays. It even rewards some of its customers with jerseys and other swag.

How to Download a Tennessee Sports Betting App

To wager on a mobile device, bettors must first download the sports betting app of their Tennessee online operator. It’s free and easy to do whether your device is an Apple or Android product.

For Apple (iOS) users, simply visit the App Store, find your sportsbook operator’s app (make sure it’s the correct state) and download it. Android users will need to download the app from the operator’s website.

Bettors must have their location sharing or GPS software turned on and all wagers must be placed inside the state of Tennessee. Online sportsbooks use geolocation software to track your location.

Sign-Up Process for Online Sportsbooks in Tennessee

The first step is to select your sportsbook. You can access them directly from this page. You will be guided to sign up and register for an account. Typically, you will be asked to provide some personal information, such as name, date of birth, email address, home address and last four digits of Social Security number (to verify identity and ensure you are of legal age to wager).

Once your account is set up, you will need to deposit funds for wagering. Tennessee online sportsbooks offer a variety of methods including debit/credit cards, online mobile payment systems and electronic bank transfers. When funds are transferred and reflected in your account balance, you are ready to wager.

To enjoy mobile sports betting, be sure to download the sportsbook’s app, which you can download from the operator’s website. Apple users can also download the app from the App Store.

What Deposit & Withdrawal Methods are Available in Tennessee?

Deposits can be instantaneous, withdrawals generally take longer. Among the most common methods:

E-wallets
e-wallets: The most popular are PayPal and Neteller. E-wallets store your information and allow you to quickly transfer funds to and from your online sports account for low fees. E-wallets are a preferred method because it makes for seamless and timely deposit and withdrawals.
Bank Transfer
Bank transfer/ACH: Options include ACH transfer (an automated clearing house processes the transactions) or bank wire transfer, which establishes a digital connection between your bank account and sports betting account. Both can be used for deposits and withdrawals. Bank wire transfers are faster, but typically charge higher fees than ACH transfers.
Mastercard
Credit/debit cards: Most frequently used and convenient method. Deposits can be immediate. But not all financial institutions process gambling transactions and fees can be high from those that do. Be sure to check with your card issuer. Credit cards cannot generally be used for withdrawals.
Play+
Play+/prepaid cards: Play+ is a virtual prepaid card that can be funded via credit card or bank account and used to make instant deposits. It can also be used to withdraw winnings and cash accessed at ATMs. Prepaid cards are available through retail outlets, and most online sportsbooks offer their own branded prepaid card.
PayNearMe
PayNearMe: Cash-only deposit option that transfers funds to your online betting account through a barcode scanned at a Tennessee 7-Eleven, CVS, Family Dollar or other participating retailer.

What Types of Sports Bets Can I Make in Tennessee?

All of the most popular types of sports wagers are available in Tennessee. Among them:

Moneyline: A wager on a team to win a game with moneyline odds set by the sportsbook. For example: The Nashville Predators are -140 to beat the New York Rangers, who are +120. Bettors can wager $140 to win $100 on the favored Predators, or $100 to win $120 on the underdog Rangers.

Point spread: The most popular form of sports bet. A team is favored by a certain number of points or goals in a specific game. Bettors choose the favorite or underdog. The handicap balances the odds to about -110 for each side.

Parlay: A wager combining two or more teams and each must win for the parlay to cash. The more teams in the parlay, the higher the potential payout.

Teaser: Bettors can adjust the point spread in specific games in exchange for reduced odds. The bet is usually made in a parlay format. Example: The Tennessee Titans are 9-point favorites over the Houston Texans. In a 6-point teaser, bettors can take the Titans -3 or the Texans +15. The 6-point adjustment applies to all games in the parlay. The reduced payout is dependent on the number of points teased.

Totals: A wager that the combined score of both teams will go over or under the total number of points set by the sportsbook.

Futures: A wager on a team or player to be determined in the future. For example, betting on a team to win the NCAA Tournament before or during the college basketball season.

Prop Bet: A wager on a specific player or team that may or may not be related to the final outcome of the game. Example: How many points and/or assists Grizzlies guard Ja Morant will have in a specific NBA game.

Does Tennessee Offer Live Sports Betting?

Yes. Live in-game sports wagering is one of the fastest growing segments of the betting industry and is offered by Tennessee sportsbooks.

In live sports betting, a wager is placed after an event has started. The sportsbooks use computer algorithms to determine in-game wagering odds. Be prepared — the action moves fast.

What Sports Can I Bet on in Tennessee?

Bettors can wagers on all the major professional and college sports, including games involving the state’s pro (Titans, Grizzlies, Predators, Nashville SC) and Division I college teams (University of Tennessee, Vanderbilt, University of Memphis, Middle Tennessee State, etc).

The list includes nearly all other pro and international sports, including soccer, motorsports, golf, tennis, boxing and mixed martial arts, among others. Tennessee also allows for eSports betting.

What Sports Can’t I Bet on in Tennessee?

Betting on high school sports is not permitted. Tennessee prohibits in-game prop bets on college teams and athletes. It also limits proposition wagering on college sports to team bets only — no wagering on individual player props.

Bonuses to Claim in Tennessee

Tennessee sportsbooks offer a variety of bonus and promotions to sign-up new players and reward existing accounts. Some bonus offers are more lucrative than others. Many contain playthrough requirements before money can be fully redeemed, so it’s important to read the fine print with all offers.

Among the most common:

No Deposit Bonus: A small bonus is placed in your account just for signing up. No initial deposit required.

Deposit Match: Make your first deposit and your sportsbook will match that amount up to 100%.

Free Bet: Mostly offered to new sign-ups. Formats vary, but generally if your wager loses, the free bet is lost, but not your own funds. If the wager wins, the winnings are added to your account.

Odds Boost: Sportsbook boosts the odds on a specific team, providing players with a more favorable payout on a point spread, moneyline or totals bet.

History of Sports Betting in Tennessee

2016: Tennessee legislature passes bill legalizing Daily Fantasy Sports in Tennessee.

2018: Tennessee Sports Gaming Act is introduced in Tennessee House to allow online-only sports wagering. Legislation undergoes several amendments.

April 2019: Sports betting bill passes in House by 58-37 vote, then passes in Senate 19-12.

May 2019: Tennessee becomes first state to legalize online-only sports wagering with no retail sportsbooks after Gov. Bill Lee allows bill to become law without his signature. Legislation officially becomes effective on July 1.

November 1, 2020: First legal online sports bet is placed and accepted.

Latest Tennessee Sports Betting Numbers

TENNESSEE SPORTS BETTING, JUNE vs. MAY

Total Handle Gross Payouts Privilege Tax
June $174.5M$156.2M $3.2M
May $160.9M $145.5M $2.7M
Change Up 8.5% Up 7.4% Up 18.5%

Note: Tennessee’s sports betting market is all mobile.

Updated July 28

LATEST NEWS: Tennessee Sees Increase In Its June Sports Betting Revenue



Tennessee Sports Betting FAQ

How old do I need to be to bet on sports in Tennessee?

Bettors must be 21 or older to participate in sports gambling in Tennessee.

Who qualifies for a Tennessee sports betting license?

Anyone that pays a $750,000 annual licensing fee and is approved for licensing by the Tennessee Education Lottery. There is no limit on the number of sportsbook licenses in the state.

Do I need to live in Tennessee to place a bet?

No. There is no residency requirement. But a sports bettor must be physically located inside Tennessee to legally place a wager. Each Tennessee sports betting site uses geolocation technology to pinpoint your location.

What Tennessee teams can I bet on?

All of them. In pro leagues, that means the Titans (NFL), Grizzlies (NBA), Predators (NHL) and Nashville SC (MLS). In college sports, Tennessee has a dozen NCAA Division I programs, including University of Tennessee, Vanderbilt, Memphis, Middle Tennessee State, East Tennessee State and Austin Peay.

Is horse racing betting allowed in Tennessee?

Tennessee has no horse tracks or pari-mutuel facilities. Bettors can wager on horse racing through online advance deposit wagering providers such as TVG, TwinSpires and DRF Bets.

Does Tennessee have land-based sportsbooks?

No. Tennessee has neither casinos nor retail sportsbooks. All sports betting is conducted online. There are no online casino sites either.

Is there a cash-out option at Tennessee sportsbooks?

Yes. Some Tennessee sportsbooks provide a cash-out option which allows bettors to settle a sports wager before a game ends. The payout is dependent on the likelihood of the bet winning.

How will my winnings be taxed in Tennessee?

All gambling winnings are subject to federal tax. Tennessee has no state income tax and does not tax sports gambling winnings.

Should I avoid offshore sportsbooks?

Yes. Offshore sportsbooks are not regulated, circumvent state and federal laws and should be avoided. There’s no reason to risk your funds with them.

How big can sports betting be in Tennessee?

Tennessee has the potential to be among the top 15 sports betting markets in the U.S. The state’s online-only format benefits from the fact that mobile sports betting dominates the U.S. sports wagering industry. Further, there is no limit on the number of Tennessee online sports betting sites, and wagering is permitted on games involving the state’s college teams. The drawback is the state’s mandatory 10% hold on all wagers, which can result in higher prices (worse odds) to bettors. The state can revisit that rule after one year of operation.

Is online gambling legal in Tennessee?

Online gambling is legal in Tennessee for sports betting and pari-mutuel wagering. No forms of casino gambling are legal.

What help is there for sports betting addiction in Tennessee?

Several problem gambling support groups are available. Among them are the Tennessee Redline (www.taadas.org), Gamblers Anonymous (www.gamblersanonymous.org) and the National Problem Gambling Helpline (www.ncpgambling.org). In addition, all Tennessee sportsbooks must include a link for self-exclusion, where players can voluntarily ban themselves from wagering for a period of time.

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