Tennessee Sports Betting: Best Legal TN Sportsbooks Today

Tennessee sports betting is online-only, becoming the first market like that in the US. This page covers all of the available Tennessee sportsbooks and what they offer for sports, wagers, and promotions.

Fact Checked by Blake Weishaar

Every Legal Tennessee Sports Betting Site Available Now

There are 11 Tennessee sports betting sites that have received an online license and accepting wagers. We've reviewed each one and rounded them all up in the list below to help fans get some skin in the game, including some of the top Tennessee sports betting promos

Verified Offers Verified By Our Experts
Best Choice
BetMGM Sports
Best Choice
Visit BetMGM.com for Terms and Conditions. Must be 21+. Must be present in TN. New Customer Offer. All promotions are subject to qualification and eligibility requirements. Rewards issued as non-withdrawable bonus bets. Bonus bets expire in 7 days from issuance. Gambling Problem? Call or Text the Tennessee REDLINE: 800-889-9789
Live Betting
Live Support Chat
Same Game Parlay
Deposit To Qualify
Promo Code
Offered by Seminole Hard Rock Digital, LLC. Must be 21+ and physically present in TN to play. Terms and conditions apply. In TN, CALL 1-800-GAMBLER
Live Betting
Live Support Chat
Same Game Parlay
Deposit To Qualify
Promo Code
Not Required
Live Betting
Live Support Chat
Same Game Parlay
Deposit To Qualify
Promo Code
Live Betting
Live Support Chat
Same Game Parlay
Deposit To Qualify
Promo Code
Not Required

Tennessee sports betting apps represent a strong mix of nationally-known brands and some smaller operators. As one of the top sports betting states in the country, Tennessee will continue to grow with the addition of Bally Bet later this year.

Best Tennessee Sportsbooks December 2023

While all sportsbooks in Tennessee bring you closer to the game, every team has standout players. These operators nab MVP for the best Tennessee sports betting sites

⭐️  ESPN BET SportsbookBest Overall Sportsbook
🏈  BetMGM SportsbookBest for Tennessee Sports Fans
🎁  Caesars SportsbookBest for Rewards Program
📱  FanDuel SportsbookBest Sportsbook App

These heavy hitters can help pave your path to glory, but each Tennessee online sportsbook has its own strengths and weaknesses. Consider this section as a highlight reel on what the best TN sports betting sites are known for. 

With 11 available sportsbooks, there are plenty of sports betting promos, like that of the BetMGM Tennessee bonus code, to take advantage of.

ESPN BET Tennessee Sportsbook

Best Overall Sportsbook - ESPN BET

The Tennessee sports betting market is ripe and everything got a bit more green with the launch of ESPN BET Tennessee. The emergence of a sports betting app from a media giant like ESPN, paired with a betting giant like PENN Entertainment, sports bettors across the state are in for a treat.


  • BETTN for $250 in Bonus Bets Instantly

Top ESPN BET Features

  • Parlay Plus
  • Personalized Bets
  • ESPN+ Integration
BetMGM Tennessee Sportsbook

Best for Tennessee Sports Fans - BetMGM

BetMGM Tennessee is one of the top sports betting sites in Tennessee and for good reason. For fans who will mostly be wagering on local teams, BetMGM does a great job of putting those wagers front and center.

When opening the 'NFL' tab on the app, there was a special drop-down menu just for Titans' futures at the top of the screen like the Titans playoff odds. You will also find a similar drop-down for Tennessee Volunteers football. Throughout the year, you will be sure to find special bets on Tennessee teams on the homepage of the app.

BetMGM TN Promo:

  • BETTNMGM for a $1,500 first bet offer

Top BetMGM Features:

  • Early Cash Out
  • Edit My Bet
  • Beginners sports betting guide
Visit BetMGM.com for Terms and Conditions. Must be 21+. Must be present in TN. New Customer Offer. All promotions are subject to qualification and eligibility requirements. Rewards issued as non-withdrawable bonus bets. Bonus bets expire in 7 days from issuance. Gambling Problem? Call or Text the Tennessee REDLINE: 800-889-9789
FanDuel Tennessee Sportsbook

Best Sportsbook Ratings - FanDuel

FanDuel Tennessee Sportsbook offers one of the best mobile betting experiences in the industry due to its highly-rated app. 

Whether you're completely new to sports betting or a seasoned pro, you will no doubt enjoy this platform. The app is incredibly easy to navigate and although there are countless betting options, new bettors won't be overwhelmed when browsing.

FanDuel TN Promo:

  • Bet $5 Any Moneyline and Get $150 in Bonus Bets With Win PLUS All Customers Get Profit Boost Everday

Top FanDuel Features:

  • In-app live streaming for multiple sports
  • Solid ongoing promotions and daily odds boosts
  • Featured bets from sports media brands and personalities
Caesars Tennessee Sportsbook

Best For Loyalty Rewards - Caesars Sportsbook

Caesars Tennessee Sportsbook has a strong history in the gambling industry and it shows with its fantastic online sportsbook, industry-leading rewards program, and sports betting experience.

New users can take advantage of a limited-time promo just in time for football season.

Caesars TN Promo:

  • BTN1000 for up to $1000 back in bonus bets offer

Top Caesars Features:

  • Unmatched daily odds boosts across multiple sports
  • Industry-leading loyalty program
  • Referral program

Other Tennessee Sports Betting Sites

In addition to the top three TN sports betting sites we listed above, there are plenty of other options for bettors in the Volunteer State.

Fanatics Sportsbook

The new kid on the block, Fanatics Sportsbook Tennessee is now available to current customers as part of the platform's 'soft launch' on May 1. If you placed an order with the apparel juggernaut in the past, you should have received an email with a special code to be able to make bets on the app.

Thanks to its league-wide partnerships with major US sports, Fanatics is uniquely positioned to shake up the sports betting industry.


One of the unquestioned leaders in the space, most Tennessee bettors are familiar with DraftKings Tennessee. With a sleek platform and competitive odds, this betting site is a favorite in the state.

Tennessee Action 24/7

Tennessee's only locally-owned and operated betting site, Action 247 is only available here in the Volunteer State. While the app design is somewhat basic compared to other platforms, you'll find expansive betting markets that rival the big dogs.


A relatively new addition to sports betting, Betly first launched in 2021. Available in just four states, Betly earned a big boost when it secured a license to operate in Ohio.


An extension of the legendary Westgate Superbook in Las Vegas, the brand has made a mobile push into seven states, including Tennessee.

Hard Rock Bet

A spinoff of the iconic cafe, Hard Rock Bet Tennessee has been in the gambling business since its first casino resort opened in Las Vegas in 1995. With three locations across Tennessee, bettors can now get the Hard Rock experience in the palm of their hands.

Bally Bet

While not available just yet, Bally Bet TN is expected to launch by the end of the year.

What Are The Latest Verified Tennessee Sports Betting Bonuses?

Here are some ongoing promotions you can take advantage of at select TN sports betting sites.

Caesars Daily Odds Boosts

Caesars stands out above the competition when it comes to boosted odds. While some platforms offer a handful of boosted markets here and there, you are almost guaranteed to find double digit specials every day with Caesars.

FanDuel Dinger Tuesdays

Place a straight, pre-game wager of at least $25 on any player to hit a home run and you'll receive $5 in bonus bets for each homer hit by both teams that game.

Mobile betting apps

Mobile Sports Betting Apps In Tennessee

Tennessee sports betting apps package all the action into a condensed format that lets you wager without being tied to a desktop or having to visit retail sportsbooks. You can place bets from anywhere and instantly leverage real-time notifications for sports betting news, odds announcements and flash promotions.

Mobile apps for Tennessee betting sites are designed to keep players on point. Pre-game and live odds are front and center, with betting markets and promotions running along the top of the screen or tucked neatly into the sidebar. Tennessee sports betting apps add an extra layer of protection with fingerprint and facial recognition software to keep your bets and bankroll secure. 

Is Sports Betting Legal In Tennessee?

Tennessee legalized sports betting in November 2020. Because there are no retail sportsbooks in the state, Tennessee became the first online-only sports betting market in the US. The Sports Wagering Advisory Council oversees operating standards for all legal online sportsbooks in Tennessee, which were previously regulated by the Tennessee Education Lottery Corporation. 

The state closed 2022 with $440 million in recorded revenue from legal online sports betting sites. Most big brands are up and running in addition to a local sportsbook built on home soil, Tennessee Action 24/7. There's a long line of other legal sportsbooks waiting for their turn at bat.

Tennessee Sports Betting Key Developments & Updates

Saying the process of establishing a Tennessee sports betting market was labored is an understatement. Here's a timeline of key developments leading up to the official launch of online sportsbooks in Tennessee. 

  • 📆 November 2023: PENN Entertainment announces that ESPN BET will launch on November 14, pending final regulatory approval. 
  • 📆 August 2023: WynnBET announces it will shut down operations in several states, Tennessee included. 
  • 📆 March 2023: The Tennessee SWAC has approved @Fanatics Sportsbook to launch. Fanatics says it expects to launch "very shortly."
  • 📆 January 2023: The SWAC reports $440 million wagered with Tennessee sportsbooks for 2022. Tennessee sports betting laws mandate a 10% hold for all sportsbook operators, capping annual payouts at 90%. This means TN betting sites can't pay out more than 90% of what they take in. Operators that don't fail to meet the 90% hold rule will pay a $25,000 fine at the end of the year 
  • 📆 October 2022: Several months after securing a Tennessee sports betting license, Fubo Gaming announces it is shutting down its sportsbook operations. 
  • 📆 April 2022: SuperBook TN Sportsbook launches in early April. Twinspires Sportsbook opts not to renew its operator license.
  • 📆 February 2022: Fubo Gaming receives approval for a sportsbook license in Tennessee with no official launch date.
  • 📆 January 2022: The Sports Wagering Advisory Council becomes the official regulatory body of Tennessee sports betting. 
  • 📆 September 2021: TELC approves licenses for Wagr and Barstool Sportsbook. 
  • 📆 August 2021: Caesars Sportsbook acquires William Hill, rebranding the sports betting site as the Caesars Sportsbook App in Tennessee. 
  • 📆 June 2021: TELC begins the transfer of regulatory power to the Sports Wagering Advisory Council.
  • 📆 April 2021: Nearly four months after getting approval, WynnBET Tennessee hits the market April 30.
  • 📆 March 2021: William Hill becomes the fifth sports betting site in Tennessee. TwinSpires launches in time for March Madness. This pushed the number to 6 TN betting sites. 
  • 📆 November 2020: Tennessee online sports betting is officially live. FanDuel TN, DraftKings TN, BetMGM TN and Tennessee Action 24/7 all launch November 1, 2020. WynnBET, BetAmerica and William Hill are waiting on licenses. 
  • 📆 October 2020: Tennessee Action 24/7 Sportsbook receives a conditional TN sports betting license. Three other operators apply for licenses, but TELC did not release their names.
  • 📆 September 2020: Tennessee Lottery Education announces the first three conditionally approved Tennessee sports betting sites: FanDuel TN and BetMGM TN.
  • 📆 April 2020: After addressing widespread concerns about the proposed regulations, the Sports Wagering Advisory Council and Tennessee Education Lottery approve the final set of Tennessee sports betting rules. Operators can now apply for a Tennessee online sportsbooks license. The annual licensing fee is set at $750,000. 
  • 📆 November 2019: The Tennessee Education Lottery Corporation and Sports Betting Advisory Council release preliminary regulations for legal sportsbooks. The TN Sports Gaming Act allows online-only sports betting on professional leagues and NCAA sports without license agreements with land-based casinos or retail sportsbooks. Tennessee betting sites are required to have agreements with leagues to use official data for in-play wagers. This rule excludes college sports, which are not eligible for props or in-game wagers in Tennessee.
  • 📆 May 2019: Gov. Bill Lee doesn't sign or veto the Tennessee Sports Gaming Act. The Senate votes 19-12 to approve the House sports betting bill with amendments.
  • 📆 April 2019: The House votes 58-37 in favor of legalized sports betting in Tennessee. Gov. Bill Lee reviews the Tennessee Sports Gaming Act in the Senate.
  • 📆 January 2019: Sen. Steve Dickerson and Rep. Rick Staples introduce SB0016 and HB000 to make sports betting legal in Tennessee. Gov. Bill Lee expresses his opposition to gambling expansion to the state's General Assembly.

Tennessee Sports Betting Industry News

Nothing eats up wager time like checking multiple news sources for stats and tips to build your bet slip with. Get ahead of the game with all the latest Tennessee sports betting updates and promos all in one place with BetTennessee.com.


Popular Sports to Bet on in Tennessee

Tennessee online sports betting sites all have lines on major leagues, but some bookies pull more weight in certain markets. We've hand-picked the best TN betting sites for each sport based on market coverage, odds quality and bonuses. 

  • NFL Betting In Tennessee The 2022 NFL season brought an end to six straight winning seasons for Tennessee. Derrick Henry could have four consecutive running titles if he hadn't been injured. Injuries were a problem in general as the team racked up 7 wins before losing to the Jaguars in week 18. The hype around the offseason is real, with some cap concerns and only six draft picks. Tennessee bettors can capitalize on all seven rounds with Caesars TN, the official sports betting partner of the NFL. Titans fans will get a regular lineup of prop bets, odds boosts, and the highest wins on average for NFL, with a score of 4.43.
  • NBA Betting In Tennessee After a notable drought, the Memphis Grizzlies finally made it back to the NBA Playoffs in the 2020-21 season. This year looks just as promising for an extended playoff run with Ja Morant averaging 27.3 points per game and Jaren Jackson Jr. returning as the heavy favorite for defensive player of the year. With attractive spreads and low margins on moneylines, DraftKings Sportsbook TN makes every play feel like you're at FedExForum on gameday. DFS enthusiasts will appreciate the cash prizes on selections for points, assists, rebounds, and blocks. New Tennessee sports bettors can even the playing field with helpful sports guides on predictions, odds, and common betting mistakes.
  • NHL Betting In Tennessee The Nashville Predators have made the Stanley Cup Playoffs for the last eight seasons, falling two games short of victory in 2017. This season currently sits at a 25-21-6 record after the loss against the Bruins, putting the Preds five points out of a wild card spot. If they continue down this path, fans could see some players move at the trade deadline. DraftKings TN routinely posts exclusive offers on the Nashville Predators since it's the official sports betting partner for the team. Players looking for league-wide deals can get into puck lines, totals, and props with the NHL sports betting partner, PointsBet TN. There is also a "Game Guarantee" on PointsBet for high rollers to place straight wagers up to $10,000 on NHL games.
  • Soccer Betting In Tennessee Nashville SC matches in Tennessee are held at Geodis Park, which is the largest soccer stadium in the US. The club's average attendance is 27,485. With the 2023 season coming up, Hany Mukhtar is set to defend his MVP league title alongside Walker Zimmerman, who is coming off his starring role for the United States during the FIFA World Cup. BetMGM TN covers dozens of soccer leagues, including the MLS and USL. Selections for international competitions span global markets from the superpowers – England, Spain, Italy and Germany – to niche markets such as Venezuela, Wales, Belarus and Bangladesh. On any given day, you will find odds on hundreds of matches for pre-game and live sports bets.
  • College Sports Betting In Tennessee NCAA football and basketball markets are open for Tennessee college sports betting. Notable college football markets include the Tennessee Volunteers, Vanderbilt Commodores and Memphis Tigers. The Volunteers and Tigers also appear in college basketball selections, in addition to the Belmont Bruins. Even though bowl season has concluded, Barstool TN keeps its lines stacked with NCAA events. March Madness kicks things into high gear with more pre-game selections than you can process. The only online wagering options you won't see for college games are props and live bets, because these are restricted for all Tennessee sportsbooks.
Visit BetMGM.com for Terms and Conditions. Must be 21+. Must be present in TN. New Customer Offer. All promotions are subject to qualification and eligibility requirements. Rewards issued as non-withdrawable bonus bets. Bonus bets expire in 7 days from issuance. Gambling Problem? Call or Text the Tennessee REDLINE: 800-889-9789

Promotions & Offers At Tennessee Sportsbooks

Tennessee betting sites are chock full of promotions and offers to help get you closer to victory. Choosing the best sports betting bonus depends on what you're looking to get out of your wagers. Bonuses come in all shapes and sizes but generally fall into a few categories. Here's a playbook on the most popular TN sports betting promos.

  • Bet Credits Bet credits on initial wagers operate like a safety net. If you make a bad call, the TN sportsbook will refund your original stake in site credits up to a certain amount. Credits can't be withdrawn as cash directly – sometimes you can get them after meeting rollover requirements – but you still get a second shot at winning without taking more money out of your pocket. Let's use the BetMGM Tennessee $1,500 First Bet promo for new users as an example. If your first bet of $1,500 on the Titans to cover the spread wins, profits will show up in your sports betting account as cash. You can bet them again or withdraw them. If the Titans don't cover, you get a site credit matching your original stake of $1,500.
  • Deposit Match Deposit matches are were once the most common type of promo but are now rarely found. With this bonus type, new players make a deposit, and the Tennessee online sportsbook will match those funds in site credits up to a maximum amount. These credits usually have wagering requirements between 15-25x before you can claim them.
  • No-Deposit Bonuses No-deposit bonuses are the holy grail of Tennessee betting promos. TN sportsbooks often pair these with a larger welcome promo as an extra incentive to sign up. Even though payouts on a no-deposit bonus fall on the low end, you still get bet credits without depositing any cash.  At its launch, Barstool Tennessee offered new players a $10 no-deposit bonus on top of a bet-credit-protected wager up to $1,000. Sports bettors automatically receive the $10 credit after creating an account. You can wager the $10 bonus bet however you'd like to get a feel for the Barstool sports betting experience.
  • Parlay Insurance Parlay insurance works kind of like a first bet safety net. You have to place a parlay with a certain number of legs on a specific market or matchup to qualify. If one of your legs doesn't hit, the Tennessee sports betting site will issue a bet credit matching your original wager. Caesars TN goes heavy on parlay promos. You will usually see parlay insurance during playoff season. During the 2022 Stanley Cup Playoffs, Tennessee sports bettors could earn a $25 bet credit on NHL parlays that lost by one leg. This TN sportsbook is also known for parlay boosts, which can increase your profits on parlays by 25%.
  • Odds Boosts Odds boosts reduce the juice on select games for a more favorable payout. Tennessee sports betting sites will run odds boosts for a limited time to try to undercut the competition on big matchups. Depending on the operator, you can find odds boosted by 10% all the way up to 40%. DraftKings TN posts daily boosts to swing the odds in your favor. These are usually posted for parlays or longer odds on props and straight bets. Players also can get daily deals with BetMGM "Lions Boost." This feature boosts odds in a specific market for about 24 hours.
  • Referral Bonuses Tennessee sports betting sites use referral bonuses to reward players for adding buddies to the roster. Friends have to sign up using your referral link to trigger this sportsbook promo. Once they fulfill any requirements, you get bonus bet credits. Some referral bonuses also earn your buddies some bet credits. Caesars Tennessee pays $100 for everyone you sign up. Your friends have to deposit $50 to release the bonus. The full $100 bet credit is issued to your account. Each player can refer up to 10 friends, earning a maximum referral bonus of $1,000 for bringing Tennessee bettors into the fold.

How To Pick Your Tennessee Sportsbooks

It's easy to pick a sports betting site when you only have a few options. As more Tennessee betting sites go live, lines between bookies can start to blur. This checklist will help keep your head in the game when comparing the best Tennessee sports wagering sites. 

Read Reviews

Every TN sportsbook will tell you they're the best thing since sliced bread. While some measure up to this claim, others just talk a big game. Fans are the best resource to find out if a sports betting site is the real deal. Read reviews from verified users about market density, betting options, features, promos and payouts. You can find the most reputable Tennessee online sportsbook reviews at Google Play and the Apple App Store. 

What Bets Are Allowed?

Market variety may be more important to some Tennessee bettors than others, depending on experience and love for the game. Every sportsbook will cover the big leagues, but only a few offer action on niche markets such as e-sports, darts and horse racing. Fans with a penchant for creative sports wagering will want to look for Tennessee betting sites with alternative lines on halves, quarters, periods and spreads.  

Prices On Betting Lines And Odds

When it comes to line pricing, knowing the difference between "competitive" and "favorable" can save time when you're trying to find a deal before the game starts. Competitive odds are more or less an industry standard on juice among major Tennessee sportsbooks in the market. Favorable odds are what you want. These lines will have a half- or full-point shaving compared with other sportsbooks, giving you a slight edge. 

Frequency of Sports Betting Promos

Sportsbooks should have a rotating lineup of regular promotions to keep wagers coming in after the welcome bonus runs out. Always check the promotions section on sports betting apps in Tennessee before building your bet slip. Bookies with daily odds boosts are ideal for bettors placing wagers on a regular basis. Players who like to stick to a single sport should look for betting sites that frequently update a decent number of promos for a specific market. 

Excellence In User Interface

When it comes to online sports betting, more isn't always better. Promos and live bets can crowd the main screen, making it hard to navigate between markets. The best Tennessee sportsbooks sacrifice some bells and whistles for a clean interface and user-friendly navigation. The sports betting app should mirror the desktop version for a seamless transition between betting at home and on the go. You also should be able to add selections to your bet slip with a couple of clicks.

Easy Deposits/Withdrawals

Tennessee online sportsbooks should make it easy to wager and win real money on sports bets. Look for betting sites that offer popular banking options such as credit/debit cards, ACH bank transfers, PayPal, and Play+ pre-paid cards. Deposit options usually will outnumber withdrawals, but as long as there are multiple payment methods for each, you should be good. Make sure to check processing speeds, so you aren't waiting too long on payouts. 

Many Options For Customer Support

Customer service usually doesn't get much attention until your bet slip freezes when you're trying to cash out during a live game before your bankroll takes a big hit. Look for Tennessee sports betting sites with multiple customer support options: e-mail, phone support and live chat. Ideally, there are real humans operating the live chat feature either during regular business hours or around the clock.  

Why Sign Up For A Few Tennessee Sportsbooks?

Choosing the best sports betting site doesn't mean you have to stick to one. Signing up for multiple Tennessee online sportsbooks is a great way to figure out which one fits your wagering style. 

Get The Best Line

Bookmakers release odds at different times, which change in response to the betting action. If you're only using one TN sportsbook app, then you might be betting behind the ball. Line pricing also varies between operators. There's a big difference in betting on the Tennessee Titans Super Bowl odds at +2000 vs. +1000. Shopping around for the best lines will always get you the best price.

Get Many Welcome Bonuses

Stacking welcome bonuses from multiple Tennessee sportsbooks feels like a cheat code, but these promos are putting up some serious cash to bring in new users. Deposit matches can double your bankroll right off the bat, while bet credits can level the playing field while you figure things out. Always check the wagering requirements to make sure the welcome bonus is worth it. 

Have More Bet Offerings

It's common knowledge that a lot of sportsbooks use the same odds provider. This helps set some industry standards, but it also limits a lot of brands to the same bets. Player props and live bets are where Tennessee sportsbooks really start to show their strengths. 

Test Them

Would you buy a car without taking a few for a test drive? While buying a car should be a larger investment than signing up with a sportsbook, the analogy still works. Create accounts with multiple Tennessee sports betting sites to compare functionality, market variety, banking options and bonuses. Reach out to customer service to see how quick their response time is and how helpful they are. 

Get The Best Sportsbook Rules

We've all been there – you're ready for the bonus bets to roll in, only to find out that you didn't meet the wagering requirements listed in the terms and conditions that you skimmed. Give the legal jargon attached to every promo a good read to make sure the wagering requirements and restrictions are worth it. It's a good idea to also read House Rules. These outline the rights an operator has to limit bettors and how they use your personal information.

Available Sports Wagers At Legal Tennessee Sports Betting Sites

Sports betting sites are all stacked with options to wager on your favorite sports. These are the most common bets on Tennessee sportsbooks. 

  • Moneyline Moneylines are a straightforward wager on which team will win or lose. If odds on the Memphis Grizzlies are -135, you'd have to bet $135 to get $100. If they're listed as the underdog at +135, then you would make $135 on a $100 bet.
  • Over/Unders (Totals) Over/Unders (or Totals) are based on an outcome being over or under a certain number. These outcomes include total points, goals, runs and more. If the O/U on goals is 4.5 in a Nashville Predators game, the combined final score has to be 5 goals or more for you to win your wager.
  • Point Spreads Point spreads are wagers on a team to win or lose within a margin set by the bookmaker. If the Tennessee Volunteers are listed at +3, this means they have to win outright or lose the game by 1 or 2 points for you to win the bet.
  • Futures Futures are bets on long-term outcomes. Common futures are on win totals, award winners, and player performance. For example, you could bet on the Nashville SC to win the Eastern Conference or the MLS Cup.
  • Prop Bets Prop bets are short-term predictions on player or team outcomes. For example, a player prop could be on Ja Morant to score over or under 18 points. Team props could be on the Grizzles to hit over or under 4.5 3-pointers.
  • Live Bets Live bets are placed as odds update during games. These bets come in handy for events that can shift the overall outcome of a game, like injuries that knock out star players.
  • Parlays Parlays are the most popular form of sports wager among bettors in Colorado, as in so many other states that have legalized online sports betting. If you have several strong fancies and want to cover them with a single stake, a parlay is for you. As each wins, your return rolls on to the next selection. The only problem is that if just one of them loses, the whole bet loses and you finish with nothing (unless you have parlay insurance, which CO sportsbooks offer from time to time).

Other Tennessee Betting Options

The best Tennessee sportsbooks offer betting markets beyond professional sports for more ways to switch up your gaming experience. 

  • Horse Racing Horse race wagers can include steeplechasing with obstacles, flat racing for speed and harness racing with a cart. You can bet online with FanDuel TN, but there are currently no operating racetracks, off-track betting or simulcasting sites in Tennessee.
  • Daily Fantasy Sports Daily fantasy sports have been legal in Tennessee since 2016. DraftKings and FanDuel are two of the most popular DFS Tennessee sportsbooks. Draft your favorite players to enter contests, or go head-to-head against friends with a roster of your favorite players.
  • Pop Culture Ceremonies Some Tennessee sportsbooks offer action on pop culture events such as awards ceremonies or television shows. Similar to sports bets, you can wager on outcomes to include the winner of Best Picture at the Academy Awards and who will win The Bachelorette.
  • E-sports E-sports opened the door to betting on competitive video games. Caesars TN often has lines on big e-sports matches and tournaments such as the Counter-Strike: Global Offensive and The League of Legends World Championship.
  • Elections American politics is one of the most-discussed topics in the US, but betting on politics is not allowed in the United States.

How Do I Sign Up For An Online Sportsbook In Tennessee?

If you are interested in how to gamble on legal Tennessee betting sites, follow these simple steps to register for your accounts:

  1. Use direct links on these pages to reach the TN sportsbooks you want
  2. You should land on the registration page. If not, click Join (or similar), usually top right
  3. Fill in personal details to verify age and identity
  4. Make a screen name/password, then choose security questions
  5. Read the terms & conditions; check box to show you have done so
  6. List any promo codes that we have, if your sportsbook has a space
  7. Read the responsible gaming section; consider deposit/betting/time limits
  8. Make a deposit and then look for your game to make your first bets

These are general registration steps, but each operator has their own specific registration process. For more information, see our individual reviews of Tennessee sportsbooks. 

Colorado Sports Betting Revenue

Tennessee Sports Betting Revenue

Tennessee betting laws took a while to get the green light because it's the first online-only sports betting market in the US. Operators have to pay $75,000 upfront and then annually at renewal for a Tennesse sports betting license. All revenue is taxed at 20%. 

In January 2023, state operators totaled $410,773,606 in gross wagers and made $369,381,020 in payouts. Adjustments of $5,044,592 left an adjusted gross income of $36,347,994. The tax on operators came to $7,269,600.

The state collected $45 million in taxes in 2022. Aside from July, each month in 2022 had a total handle of at least $200 million. 


Do I Pay Tax On My Winnings In Tennessee?

Profits made on sports betting in Tennessee are subject to taxes. The IRS views online gambling winnings as taxable income. Some good news: Tennessee residents don't pay state income tax. 

Most Tennessee sportsbooks won't send a W-2 G tax form unless your winnings are over a certain amount, which is usually $5,000. The standard rate is 25% of profits if you provide a social security number, which is often required during the registration process. Failure to provide an SSN can result in forfeiting 28% of your profits for tax purposes. 

Payment Options At Tennessee Online Betting Sites

Payment options will vary across Tennessee betting sites. Most operators will offer some or all of the banking methods listed below.

  • 💰 Debit & Credit Cards
  • 💰 Bank Transfers
  • 💰 Cash at a Partner Casino
  • 💰 E-Wallets
  • 💰 Pre-Paid Cards

Always check to make sure the online sportsbook is using reputable banking methods. It's also a good idea to read the security protocols that outline how the operator will protect your personal and financial data from falling into the wrong hands. 

VisaInstant deposits1-5 days for withdrawals
MasterCardInstant depositsNo withdrawals
American ExpressInstant depositsNo withdrawals
VenmoInstant deposits2-5 days for withdrawals
PayPalInstant deposits2-7 days withdrawals
Bank Transfer1-3 days for deposits3-7 days for withdrawals

Retail Sports Betting Vs. Mobile Sports Betting

Tennessee gambling laws only allow online sports betting. There's no option to bet with physical sportsbooks because there aren't any land-based casinos or retail sportsbooks in the state. This deprives residents and visitors of the opportunity to bet at brick-and-mortar sites, but online sports betting still can be enjoyed with a group of buddies. 

Mobile sports betting in Tennessee is more convenient than physical sportsbooks because you don't have to travel to place a sports bet. This comes in handy with live betting, when you're stuck at work or running errands and can't make it to a retail betting location. TN sportsbook apps also come with welcome bonuses and regular promotions that you won't get with physical sportsbooks. 

Responsible Gambling

There are few greater things in life than watching your wagers hit, but sometimes the rush of winning can turn into chasing losses. The best Tennessee betting sites will have tools for players to set limits on the time and money spent on sports betting. Always read the "Responsible Gambling" section for details on player limits and self-exclusion options to restrict access for a set period of time.

Make sure you're only betting with licensed and regulated Tennessee sportsbooks. These operators have to comply with legal standards to honor bets, secure funds, and protect your privacy. Sportsbook websites and apps should also list resources for additional support with the National Council on Problem Gaming and American Addiction Centers. 

Tennessee Sports Betting FAQs


Candice Reeves is an expert reviewer for BetMassachusetts.com. Candice built a writing career in wealth management, cryptocurrency, and software applications. Her work is routinely featured in leading finance and technology publications, including WealthRocket.com, CryptoVantage.com, and StackCompare.com. Her investing background serves her well as a sports betting analyst.

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