Betting Reviews

Tennessee sports betting: Legal wagering options

Let’s review the state of legal sports betting in the Volunteer State and get you acquainted with all the specifics that are different compared to other US states.

Legal Online Tennessee Sports Betting Operators

Bookmaker

Welcome Offer

FanDuel

Risk-Free Wager up to $1,000

DraftKings

Deposit Bonus up to $1,000

BetMGM

Risk-Free Bet up to $600

William Hill

$2,021 Risk-Free Wager

Review of Online Tennessee Sports Betting Operators

All the online legal sports betting platforms in Tennessee are listed in the table above, and you can also see the available welcome offers.

Which Online Sportsbooks Plan to Launch in the Future?

Since Tennessee has no limit of how many Sportsbooks can launch, we expect many more to come forward and apply. There isn’t a timeframe in which applications are reviewed, so we can’t say how long it will take for the applicants to launch or when that will happen.

There are a few Sportsbook who are awaiting the decision of TELC after sending their applications:

  • WynnBet
  • BetAmerica
  • Zen Sports

We also expect other major brands to apply for a sports betting license, like PointsBet, FOX Bet, and BetRivers. If any new betting prospects arise, we will keep you posted.

Do State Casinos Have Sportsbooks in Tennessee?

Tennessee is the first US state to allow only online and mobile sports betting. They don’t have any casinos, horse tracks, or OTB’s, so the mobile-only sports betting plan seems to be the right decision for the state.

In states without any casinos, like Virginia, sports betting approvals went hand-in-hand with casino approvals, but it’s highly unlikely that that will happen in Tennessee.

Tennessee Sports Betting History

Tennessee’s sports betting bill was approved back in April 2019, and in November 2020 the state was ready to launch online and mobile sports betting. On the 1st of November, only four bookmakers got their applications and were ready to provide a wagering platform for customers – FanDuel, DraftKings, BetMGM, and Action 24/7. The main authority on sports betting in Tennessee is the Tennessee Education Lottery Corporation (TELC).

Specific Tennessee Sports Betting Laws & Regulations

Sports betting in Tennessee is unique not only because it’s only allowed online, but also because they were the first state to introduce a 10% hold on all wagers. This means that the maximum payout of any bet is 90%, instead of 100%.

Each operator must pay a $750,000 fee each year, which will go toward education. There is also a $50,000 non-refundable application fee. The gaming revenue of operators will be taxed at a 20% rate, which is considerably higher than other states. Operators can offer in-game bets only if they have an agreement to purchase official league data from all professional sports leagues.

Additional Tennessee Sports Betting News and Details

Which Sports and Leagues Can Tennessee Customers Bet on?

In Tennessee, you would be able to place bets on all the major US leagues, like the NFL, NHL, MLB, NBA, and MLS. Bookmakers are also allowed to offer betting on multiple internationally popular sports and college sports. But in-game college bets aren’t allowed. You can also place prop bets on professional and college sports, which have become widely requested in the US.

Types of Wagers Available in Tennessee

Tennessee doesn’t have any major restrictions when it comes to batting markets except for the restriction on in-play wagers on all college sports. Other than that, all regular betting markets should be available, like:

  • Teasers
  • Round robins
  • Point spreads
  • Moneylines
  • Totals
  • Futures
  • Props

How to Register to a Sportsbook in TN

In Tennessee, you will be able to play either via your mobile or via an online site. The registrations for both are the same and straightforward. Follow these steps:

  1. Open the Sportsbook site or download their mobile app and open it.
  2. Click on the button to begin the registration process.
  3. Enter your contact, personal, and payment details in the registration form.
  4. Set up your Sportsbook account and choose if you want to get notified about future bonuses.
  5. Accept the platform’s terms and conditions and any other policies.
  6. Verify that you are at least 21 years old and located inside Tennessee state lines.

After registration, you will have to make your first deposit and verify your account. You can do that by providing the necessary documents to the Support team.

How to Place a Bet in Tennessee

Placing bets in the Volunteer state happens online, so once you log in to your account, you need to follow these steps:

  1. Choose a sport and market to place a bet on.
  2. Click on the odds you picked and the wager would be transferred to your bet slip.
  3. Add other selections, and if you don’t, skip this step.
  4. On the bet slip, enter a stake amount.
  5. Click on the “Place Bet” button.

Tennessee Sports Betting FAQs

tennessee sports betting

Are Daily Fantasy Sports or Horse Racing betting allowed in Tennessee?

Yes, they are. DFS was launched in 2016, and online betting on horse racing is allowed in TN. You can wager on DFS with Draftkings or Fanduel for example.

What payment methods are allowed in Tennessee?

Tennessee customers can deposit or withdraw via electronic bank transfers, debit cards, online/mobile payment systems, etc. All payment methods must be approved by TELC.

How many licenses will be allowed in Tennessee?

Tennessee law isn’t like other states, where only several licenses are allowed. In theory, there can be an infinite number of Sportsbooks in the state, which opens the market for a lot of brands, but due to the unique 10% hold on all wagers, not as many Sportsbooks would want to set up in the state.

How old do I have to be to place bets in Tennessee?

You have to be at least twenty-one years old to place bets in Tennessee.

Will I have to confirm my location to place bets in TN?

Yes, you do. You will have to verify that you are inside Tennessee at the time of placing the wager.

Do I have to be a resident of Tennessee to place bets in the state?

No, you don’t. You only need to be inside state lines while you place the bets.

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