Tennessee Sports Betting: Best Sportsbooks For 2023
Tennessee sports betting is legal and live exclusively online. The state launched on November 1, 2020, and there are now 11 active sports betting apps jockeying for position with FanDuel, BetMGM, DraftKings and Caesars leading the charge.
The only way to bet on sports in Tennessee is via apps and online wagering. Retail betting is not offered in the state.
Tennessee sports betting apps offer plenty of signup incentives for new users, and more sportsbooks are likely to launch in the future.
Read below for a comprehensive look at the Tennessee sports betting market, and available books in the state.
Best Tennessee sportsbooks September 2023
Is Tennessee sports betting legal?
Yes, Tennessee sports betting is legal. However, unlike many other states with legal sports betting, Tennessee’s sports betting sites are available online only. There are no brick-and-mortar sportsbooks available for bettors to visit.
Tennessee was the first state to legalize sports betting before any other form of gambling. The first legal sportsbooks debuted in November 2020.
What’s happening in Tennessee sports betting right now
- Sept. 20, 2023 — Tennessee sports betting handle rose to $243.4 million in August, up 13.6% from July. Revenue was also up about $3 million in the state month-over-month.
- Sept. 8, 2023 — The Tennessee Titans are one of nine NFL teams partnered with Game Sense and BetMGM to do in-stadium responsible gambling promotion during the season.
- Aug. 30, 2023 — The University of Tennessee Volunteers open the college football season is the No. 12 team in the AP Top 25 rankings.
- Aug. 16, 2023 — The full version of Fanatics Sportsbook is now available to Tennessee bettors. Previously only available via a beta version, the full sportsbook is now live in the state.
- Aug. 14, 2023 — Tennessee sports betting handle fell to $214.1 million in July, down 7% from June. July’s total was the lowest since August 2022, but was a 17.1% increase year-over-year.
- Aug. 14, 2023 — WynnBET officially exited Tennessee after closing operations in seven states. There are now 11 active sportsbooks in Tennessee.
- Aug. 11, 2023 — Just one day after announcing it was launching a new and improved app in some states, WynnBET has announced it will cease operations as soon as possible in Arizona, Colorado, Indiana, Louisiana, New Jersey, Tennessee, Virginia, and West Virginia.
Comparing top Tennessee sportsbooks
When looking for a place to play, you’ll want to focus on sports betting sites that offer the features that you’re looking for. Here are the ones that hit the mark in several key categories including offering the best sports betting promos.
- Best sportsbooks for betting on the Titans and Volunteers: FanDuel. Offering a wide range of markets and opportunities to bet on the Tennessee Titans and University of Tennessee Volunteers, you’ll want to have FanDuel regularly deliver a smooth and pain-free experience.
- Best sportsbook for overall experience: BetMGM. BetMGM is among the best for overall options and features. It has all of the top leagues and events, as well as smaller sports such as darts, rugby, snooker and more.
- Best sportsbook for competitive odds: Caesars. Sports betting odds will vary based on betting volume and other considerations, but you’ll want the books that you play with to consistently be in range of the market as a whole. Caesars typically delivers on that front. A 2021 independent study from Eilers & Krejcik ranks Caesars high for bet presentation, too.
- Best sportsbook for promos and rewards: Caesars. Incentives for players shouldn’t end with the signup bonus. You’ll likely want a sportsbook that pays attention to recurring players. Caesars manages to do so with a consistent array of promos and a rewards program.
- Best sportsbooks for web and mobile performance: FanDuel. You shouldn’t have to jump through hoops to perform basic functions with a sports betting site. While all of the top books do a solid overall job, FanDuel gets the nod for delivering the smoothest experience.
1. BetMGM Sportsbook
BetMGM is noteworthy for the variety of sports and betting options that it offers, including sports that don’t receive as much attention elsewhere. As for potential improvements, the betting platform could be a bit smoother and more efficient.
- App rating: 4.8 (iOS), 4.4 (Android)
- Key takeaway: Big menu of sports and bets to choose from.
- Best feature: Easy parlay builder
- Bonus offer: Up to $1,500 with code PLAYLSR.
2. FanDuel Sportsbook
FanDuel is easy to use while still offering lots of great features. The company has been a driving force behind single-game parlays and other trends. The layout is clean and the odds are solid, but the site could use more promos for regular players.
Bet $5, Get $200 FanDuel Special: FanDuel is running a special welcome bonus for a limited time. New users Get $200 in bonus bets after their first $5 cash wager settles. No FanDuel bonus code is needed. Click here to claim this FanDuel promo. Also, while this special is in effect, the traditional No Sweat First Bet welcome bonus will not be available.
- App rating: 4.8 (iOS), 4.8 (Android)
- Key takeaway: Simple to use with all of the features you need.
- Best feature: Same-game parlays
- Bonus offer: Bet $5, Get $200 in bonus bets.
3. Caesars Sportsbook
Caesars has a big menu of sports to choose from and odds that tend to be very competitive. Additional highlights include regular promos and a rewards program. Navigation and overall appearance could use some tweaks in a few spots, however.
- App rating: 4.6 (iOS), 4.3 (Android)
- Key takeaway: Competitive odds and regular promos.
- Best feature: Rewards program
- Bonus offer: Up to $1,000 with code LSR1000.
How to get started with best Tennessee sportsbook bonuses
Signing up to play at a legal online sportsbook is a simple process. You can take care of everything remotely by following the on-screen instructions and entering the requested information. While the list of places you can play in Tennessee continues to grow, keep an eye out for the best sign-up bonuses:
- BetMGM Bonus Code: Receive up to $1,500 paid back in bonus bets. Use code PLAYLSR.
- FanDuel Promo Code: Bet $5, Get $200 in bonus bets.
- Caesars Sportsbook Promo Code: $1,000 first bet on Caesars. Use the promo code LEGAL1000.
You can try as many sportsbooks as you like while seeking the ones that work best for you. Prior to signing up, make sure that you have a good handle on the bonus terms and conditions. Here is some common terminology:
Deposit bonus: The sportsbook will match your first deposit up to a certain amount. You’ll receive bonus funds that aren’t eligible for withdrawal and that have a wagering requirement you’ll need to meet.
No deposit bonuses: You receive site credits or bet vouchers as soon as you create an account, no deposit necessary. You won’t be able to cash them out at first, but they will allow you to bet freely.
Odds boosts: Sportsbooks will enhance the odds on select bets, such as a special parlay or player prop. Thanks to the boost, you have the chance to receive more profits if the bet wins.
It’ll only take you a few minutes to sign up with an online sportsbook in Tennessee. Once you’re set to play, you’ll have a legal and safe betting option within reach to wager responsibly.
Full list of legal sports betting apps in Tennessee
The list of legal online Tennessee sports betting options continues to grow. Here are the current active and licensed sportsbooks in Tennessee:
- Tennessee Action 24/7 Sportsbook
- BallyBet Sportsbook (Coming soon)
- Barstool Sportsbook
- Betly Sportsbook
- BetMGM Sportsbook
- Caesars Sportsbook
- DraftKings Sportsbook
- Fanatics Sportsbook
- FanDuel Sportsbook
- Hard Rock Bet
New Tennessee betting apps
There are now 11 legal online sportsbooks available to bettors in Tennessee with a couple others launching soon and more likely to follow. Here are a few sportsbooks that could launch in Tennessee in the near future:
- ESPN Bet (taking over for Barstool Sportsbook)
Daily Deals in Tennessee
10 quick facts about Tennessee sports betting
- Tennessee legalized sports betting in 2019, but it took some time to finalize official rules and regulations.
- The state’s first online sportsbooks launched in November 2020.
- Tennessee is an online-only state for sports betting. There are no casinos in the state or current plans for retail sportsbooks.
- In the first month of betting, Tennessee online sportsbooks brought in more than $131 million in betting handle.
- The state set its monthly handle record in October 2021 at over $375 million.
- To legally bet on sports in Tennessee, you must be 21 or older.
- Tennessee is the only state to have a minimum hold provision (10%) for sportsbooks.
- It’s legal to bet on both pro and college sports in Tennessee.
- Tennessee does not allow in-game prop bets on individual college athletes or teams, or any prop bet on college athletes.
- Those with a close affiliation to leagues or teams cannot legally bet on their own sports.
What to expect at legal sportsbooks in Tennessee
Tennessee is distinct in that while sports betting is legal, there are no physical sportsbooks in the state.
The Sports Wagering Advisory Council took over regulatory duties in early 2022 from the Tennessee Education Lottery. The council handles the licensing and regulation of the market, which appears likely to continue to expand with additional online sportsbooks.
After officially opening with four legal online sportsbooks in November 2020, Tennessee has since expanded to nine. Bettors across the state can wager in a legal and safe fashion.
Tennessee sports betting law and regulations
The US Supreme Court opened the door for individual states to legalize sports betting in May 2018. While Tennessee did not pursue legalization right away, the situation changed the following year, as a sports betting bill made its way through the Legislature.
Sports betting officially became legal in the state in June 2019. It took a long time to get from that point to sports betting actually launching in the state. Rules and regulations finally went into place the following year, with online sportsbooks opening in November 2020.
Here are some key aspects of Tennessee sports betting law:
- The state taxes gross gambling revenue at a rate of 20%.
- Licensees must pay $750,000 annually.
- Sports betting is only available online, with no plans for retail sportsbooks.
- Sportsbooks have a mandatory hold requirement of 10% on all wagers.
Tennessee passed a bill in April 2023 that will have Tennessee sportsbooks pay a 1.85% tax on handle, or the total dollar amount of bets in a month, as opposed to the revenue they make.
Popular sports to bet on in Tennessee
Up until the late 1990s, sports fans in Tennessee looking for a pro team to latch onto had to look elsewhere. It’s a different story these days, as the booming state has attracted clubs from three of the major sports.
- NFL: Tennessee Titans
- NBA: Memphis Grizzlies
- NHL: Nashville Predators
There’s also a great deal of interest in college sports. The University of Tennessee and Vanderbilt are among the top choices for college football and basketball, but there are a number of smaller programs to choose from, as well.
While there are no restrictions on betting on in-state college teams, Tennessee doesn’t allow live prop bets on individual athletes or teams when it comes to college sports. Other top options at sportsbooks include soccer, golf and NASCAR, while smaller sports like cricket and table tennis also generate some interest.
Wagering is technically restricted to actual sporting events, but you can bet on things like the result of the coin toss among Super Bowl odds. However, entertainment-related betting — like wagering on the Oscars or reality television results — is not legal in Tennessee.
Tennessee sports betting history
In 2016, then-Gov. Bill Haslam signed the Fantasy Sports Act, which legalized daily fantasy sports in Tennessee. After the national law on legal sports betting changed in 2018, it took some time for the state to take meaningful action.
State Rep. Rick Staples introduced HB 0001 in 2019, and the bill made its way through the state legislature. Gov. Bill Lee didn’t sign it when it reached his desk, but Tennessee law allowed the bill to go through without his signature.
The first online sportsbooks made their debut in November 2020. The Tennessee legal sports betting market has been steadily growing.
2019: HB 0001 makes its way through the state Legislature and ultimately becomes law. Sports betting becomes legal in Tennessee in June.
2020: Legal online sports betting goes live in November. BetMGM, DraftKings, FanDuel and Action 24/7 all debut on opening day.
2021: In March, Action 24/7 was suspended by the TEL after an internal investigation discovered evidence of money laundering and proxy betting. An injunction by a federal judge later allows Action 24/7 to go back online. Tennessee has a record-breaking month in November as online sportsbooks in the state take in over $375 million in betting handle.
2022: The Sports Wagering Advisory Council takes over as the regulator for Tennessee sports betting, replacing the Tennessee Education Lottery.
Tennessee sports betting FAQ
Is sports betting legal in Tennessee?
Yes, Tennessee has legalized sports betting. It was the first state to legalize sports betting before any other form of gambling.
Sports betting became legal in 2019, but the only options are online sportsbook apps as there are no brick-and-mortar sportsbooks or casinos in the state. The first legal sportsbooks debuted in November 2020.
Where can I bet on sports in TN?
Tennessee is an online-only sports betting state. There are no casinos within state lines and no plans to open retail sportsbooks at the present time. Since launching in 2019, there are now 11 sports betting apps active in the state including BetMGM, FanDuel and DraftKings.
Can you bet at offshore sportsbooks from Tennessee?
It is possible to do so but it is illegal. Offshore sportsbooks like Bovada and BetOnline don’t abide by any Tennessee or US rules, including the ones that aim to protect bettors. As such, you’re taking serious risks by choosing to do business with any offshore sportsbook. There could be no protections in place for your data or funds.
How old do you have to be to bet on sports in TN?
The legal age to bet on sports in Tennessee is 21. As part of the signup process, the sportsbook will verify your age and identity. If it has any trouble doing so, you’ll need to provide supporting documentation.
Is betting on horse racing legal in Tennessee?
There are no operating racetracks, off-track betting or simulcasting sites in Tennessee. You can bet online at TwinSpires, but TVG does not currently operate in the state.
Are daily fantasy sports legal in TN?
Daily fantasy sports contests have been officially legal in Tennessee since Gov. Bill Haslam signed the Fantasy Sports Act in 2016. DraftKings and FanDuel, the two major DFS operators, are both available in the state.
Is college sports betting legal in Tennessee?
Yes, you can bet on college sports in Tennessee. There are no restrictions for betting on in-state schools such as Tennessee or Vanderbilt, but the state doesn’t allow live prop bets during college games or prop bets on individual college athletes.
Is Action 24/7 legit?
Action 24/7 is a legal online sportsbook, authorized for play in Tennessee by the Sports Wagering Advisory Council. However, it has had more problems as an operator than any other regulated US sportsbook. The sportsbook was suspended by state regulators in 2021 for multiple violations of regulations, including lack of internal controls.
Tennessee sports betting resources
- Tennessee Sports Wagering Advisory Council — Information on licensing, dispute resolution and more.
- Problem gambling programs — Information and resources from the TN Department of Mental Health & Substance Abuse Services
- List of approved licensees and registrants — From the TSWAC website.
- HB 0001 — The Tennessee sports betting bill that ultimately became law.
- The Tennessean — Coverage of state and national sports news.
- Chattanooga Times Free Press — Coverage of state and national sports news.