Tennessee Sports Betting and Online Sportsbooks

Sports betting is taking off as several states across the US have made the move to legalize sports gambling. There are retail and online sportsbooks popping up in major markets. What about the state of Tennessee? Can you bet on sports in Tennessee? Here’s what you need to know about Tennessee online sports betting.

Is sports betting legal in Tennessee?

Yes. Sports betting is legal in the state of Tennessee. Sports wagering is only available online in the state through sports betting apps. The Sports Wagering Advisory Council is in charge of regulating sports betting in the state.

The state’s sports betting bill created the Tennessee Education Lottery Corporation composed of nine members to oversee the different sportsbooks in Tennessee. All options are in the form of an online sportsbook. If a sports bettor wants to place a bet in the state, they have to do it online.

Best Tennessee Sportsbooks and Sports Betting Sites

There are plenty of legal online sports betting options within the Tennessee borders. The state has online-only sports betting so you can wager from anywhere within the state’s borders since betting launched in Tennessee. Here are a couple of the top sportsbooks for legal betting available in Tennessee.

BetMGM

BetMGM is a popular sportsbook for Tennessee bettors known for its range of solid features that include live betting and the ability to edit bets in your bet slip. It is a great option for bettors looking for great odds on professional sports, prop bets, and more. BetMGM also offers solid promotions to get started betting.

FanDuel

Tennessee bettors can see how FanDuel Sportsbook is a well-regarded and trustworthy sportsbook. It is known for having great live betting options making it one of the industry’s best. It’s an excellent option for bettors searching for betting odds and the famous same-game parlay that FanDuel has put on the map.

Caesars

Caesars is known for having a great VIP loyalty program and it brings that great feature to the Tennessee online sports betting market. You can start earning money on your spread bets, moneylines, and more right off the bet. It’s one of the best legal sportsbooks out there as you can get promotions, offers, bonuses, and more as you bet.

Latest in Tennessee Sports Betting News

Tennessee launched its first online sportsbooks back in November 2020. There are still no retail betting locations in the state. To bet on sports in the state, you need to be 21 years or older. When signing up for legal online sportsbooks, you will have to confirm your identity and location.

It is legal to bet on both college and pro sports with sports betting operators and sportsbooks in the state. The sports betting handle hit almost $400 million in March 2023 which was a boost in the state compared to online Tennessee sports betting in February.

Also, a bill was sent to the house that would require all Tennessee sports betting sites to hold at least 10% of all money wagered. In other news, Barstool was fined by the Tennessee Sports Wagering Advisory Council in March 2023 for having illegal prop bets.

Promotions and Offers from Sportsbooks in Tennessee

A sportsbook offers new bettors promotions or bonuses to encourage them to signup for online gambling. There are all sorts of bonuses in the mobile sports betting industry. Here are some examples of promotions that bettors in Tennessee can expect to see as they start mobile betting on a sportsbook in Tennessee.

Bonus Bets

One of the best bonuses a sports bettor can get with an online sportsbook is a bonus bet. Sportsbooks will dish out bonus bets to new users to entice them to register for the platform and start getting in on the action. Some bonus bets come without a qualifying deposit. All you need to do is sign up and a sportsbook will give you bonus bets up to a certain amount. Sometimes, the bonus bet needs to be wagered on a specific event.

Other bonus bets have what is called a qualifying bet or deposit that you need to place to unlock the bonus. You have to either place a wager or deposit a certain amount of money to receive the bonus bets. For example, FanDuel has run offers in the past where you place a $5 wager and get $150 in bonus bets instantly.

Second Chance Bets or Bet Insurance

First bet insurance is also known by many other promotional names such as a no-sweat bet, second chance bet, or first bet offer. It provides a safety net for users who place their first bet and are covered if it ends up losing. This promotion offers protection for the first bet up to a specific amount.

In the event of a losing bet on your first try, the sportsbook will credit the user’s account with bonus bets or bet credits equivalent to the initial wager. This perk is designed to encourage new users to explore the platform and bet without fear of losing their initial investment.

Refer a Friend

Refer a Friend promotions reward users for inviting their friends to join the platform and start betting on sports. When a user refers a friend, they will receive a bonus or credit, often in the form of bet credits or bonus bets, once their friend signs up and meets certain criteria.

These types of referral promotions are great for providing incentives for users to invite their friends and also expand the sportsbook’s customer base.

Sports Teams and Events to Bet in Tennessee

The sports betting law allows legal sports betting on both college and professional sports in the state of Tennessee. That gives a lot of options for Tennessee bettors looking to bet on their favorite teams on top betting platforms. If you are looking to bet on pro sports there are the Tennessee Titans, Memphis Grizzlies, and Nashville Predators.

If you want to bet on college sports there are several Division I options including the University of Memphis, the University of Tennessee, and more. Tennessee does not allow prop bets on college athletes or teams. Sorry, no prop bets on any college sports.

Popular TN Sports Betting Markets and Bet Types

The best TN sportsbooks provide great betting options and betting markets. There are prop bets, moneylines, spreads, live betting, and more. Here’s a look at the different bet types you can expect to see on a sportsbook app.

Moneylines

A moneyline bet is a wager that is on the winner of the game or event. You’re betting on the winner and that’s it. Favorites are usually listed with negative odds while an underdog will have positive odds.

For example, you check betting odds and see the Titans are -150 favorites vs the Bears. If the Titans are victorious, it would take a $150 bet to win $100.

Point spreads

A point spread bet is a wager on the margin of victory or defeat in a game. Each team is given a point value to balance the odds when there are uneven matchups. Point spreads allow you to bet on either team, even if one is heavily favored to win the game.

For example, you might see the Memphis Grizzlies are a -3.5 point favorite vs the Chicago Bulls. To cover the spread, the Grizzlies need to win by four points or more.

Betting lines for point spreads usually come with odds around -110 on both sides. A $110 bet would win $100. Sports bettors love point spreads as it’s an extremely popular bet type.

Totals

A total bet is also called an over/under bet. You’re betting on the total number of points, goals, runs, etc that both teams will score in the game combined. The sportsbook sets a line on how many points will be scored in the game.

For example, the total for the Nashville Predators vs the Chicago Blackhawks might be set at 5.5 goals. If you bet the over, you would need at least six goals scored in the game. If the score ended up being 3-1, your bet would lose because that was only four total goals in the game.

Props

A prop bet is a wager on a specific outcome within a game and it might not be tied to the final result of the contest Some people find these bets more enjoyable when wagering on sports. Sportsbooks offer props on different outcomes for players, teams, and games.

There are a variety of outcomes such as how many points a player will score in a basketball game, how many rebounds a player will have, how many touchdowns a QB will throw for, and more. For example, Ryan Tannehill might have his over/under for passing yards set a 240.5. You are betting whether he will be over or under that mark in the game.

The state of Tennessee has a variety of sports bets available but prop bets are illegal on college sporting events. This includes team and player props. Therefore, sports bettors in Tennessee have more traditional bets such as moneylines, spreads, totals, and more when it comes to college sports bets.

Prop bets are fair game to bet on in Tennessee for professional sporting events as well as international pro sports.

Futures

A futures bet is looking at an event or outcome down the road. Betting on which team will win the championship or what player will win awards such as the NBA MVP. These odds change throughout the year based on performance, injuries, and more. You can track futures of major sports teams and players on the top online sites throughout the year.

Parlays

A parlay bet is when you combine multiple outcomes into one single bet slip. This gives you a boost in odds but comes with a catch. To win a parlay, all of the bets have to win. With each leg you add to the parlay, the probability of winning the bet goes down.

For example, you can select five NFL teams each to win on a Sunday in the fall. If any of the teams lose, your bet loses. If all the teams win, you receive your payout based on the odds.

Using More Than One Sportsbook for Tennessee Betting

If you plan to use Tennessee’s sportsbook options, it’s crucial to compare odds, lines, and other factors to ensure you get the best value as a sports bettor. You can access TN’s online sportsbooks without making a deposit or placing a bet, allowing you to evaluate which sites offer the best bonuses, odds, and more.

Tennessee has numerous betting options through its sports betting apps. You should take advantage of them all. Legal sportsbooks in Tennessee offer lines for all major sports.

For instance, one sportsbook might list the Titans as +130 underdogs, while another may have them at +150. In this case, the +150 option is the better value since it pays out more.

Daily Fantasy Sports in Tennessee

Governor Bill Haslam passed the Fantasy Sports Act in 2016, making daily fantasy sports competitions officially lawful in Tennessee. The state allows both major DFS operators, DraftKings and FanDuel, to operate within its borders.

Tennessee Online Sports Betting FAQs

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