Tennessee Sports Betting: Top Sportsbook Apps 2023 & TN Sports Betting Guide

Tennessee sports betting is fully live and legal! If you’re at least 21 years old, you can place bets with DraftKings Tennessee, BetMGM Tennessee, FanDuel Tennessee, Caesars Tennessee, and numerous other platforms.

Tennessee Sports Betting Update (March 2023)

On November 1st, 2020, Tennessee sports betting officially went live. Now that the state has legal sports betting, anyone that’s 21 and up can sign up for a new mobile sportsbook and get a major bonus from a LINEUPs.com promo code. Some of the top online sports betting apps in the area are FanDuel Sportsbook Tennessee, Caesars Sportsbook Tennessee, BetMGM Sportsbook Tennessee, WynnBET Sportsbook Tennessee, and DraftKings Sportsbook Tennessee.

Fans in the state have plenty of popular teams to wager on. The Memphis Grizzlies are a major force in the Western Conference thanks to the strong play of Ja Morant. Meanwhile, Filip Forsberg and the Nashville Predators are seeking another postseason trip in a tough Central Division. The Tennessee Titans might have missed the playoffs, but a strong offseason could have the team back among the best in the AFC. For all the best information on sports betting in the Volunteer State, make sure to check out the rest of this Tennessee sports betting guide.

Tennessee Sports Betting Recent Updates

• • November 27th, 2022: Partway through the NBA season, Ja Morant and the Memphis Grizzlies remain competitive in the Western Conference with a 12-8 record
  • October 8th, 2022: The Tennessee Volunteers score a major 40-13 win over the LSU Tigers to stay undefeated both straight up and in the conference
  • September 11th, 2022: In a dissapointing start to the season, the Tennessee Titans are upset by the New York Giants 21-20 and fail to cover the spread.
  • September 6th, 2022: The Volunteer State adds another online sports betting app with the launch of Hard Rock Sportsbook Tennessee.

Tennessee Betting News

After a fantastic run for the Tennessee Titans, the team loses to the Cincinnati Bengals 20-16. The Titans were on a 7-1 run before the game in which QB Ryan Tannehill and RB Derrick Henry were clicking with the rest of the team and winning big matchups. Still, heading into NFL Week 13, the Titans are one of the best teams in the league against the spread, with an 8-3 ATS record. This is tied for the best ATS mark in the league with the Tennessee Titans and the Cincinnati Bengals. The Titans are on the road this week to face the Philadelphia Eagles, with Tennessee listed as 5.5-point underdogs on DraftKings Sportsbook.

Tennessee Sports Betting Promo Codes

Ever since its launch in November of 2020, the Tennessee sports market has been one of the hottest on the market, attracting the top legal sports betting operators into the state. Some of these operators include BetMGM Sportsbook and FanDuel Sportsbook. BetMGM Tennesseee gives new users that use the BetMGM Bonus Code “LINEUPS” a $1,000 first bet offer to use on the sport of their choice. Additionally, FanDuel Tennessee gives new sports bettors a $1,000 no sweat first bet when they click through this link to activate the FanDuel Sportsbook Promo Code.

DraftKings Tennesseee gives new users one of the best welcome bonuses in sports betting, with a $50 bonus bet to go with a 20% deposit bonus up to $1,000 when they click through this link to activate the DraftKings Sportsbook Promo Code. Basically, if you deposit $5,000, you get $1,050 in betting credits thanks to the deposit bonus! Another major name in the state’s sports betting scene is Caesars Tennessee, which offers new users a first bet of up-to $1,250 on Caesars as well as 1,000 Caesars tier credits and 1,000 Reward Credits® via the Caesars Sportsbook Promo Code “LINEUPSFULL”.

Make sure to take a look at this table to check out all the info on maximum sportsbook bonuses as of March 30, 2023

Top Tennessee Sportsbook Apps	Tennessee Promo Code	Tennessee Promo Value
DraftKings Sportsbook TN	No Code - Click Here for Bonus	$50 Bonus Bet $1,000 Deposit Match
Caesars Sportsbook TN	LINEUPSFULL	$1,250 first bet on Caesars + 1,000 Caesars tier credits + 1,000 Reward Credits®
BetMGM Sportsbook TN	LINEUPS	$1,000 First Bet Offer
FanDuel Sportsbook TN	No Code - Click Here for Bonus	$1,000 No Sweat Bet
WynnBet Sportsbook TN	No Code	Bet $10, Win $200
Launch Date	Mobile & Desktop apps	November 1st, 2020
Staff Verified	3 Point-Check	March 30, 2023

Top 5 Tennessee Sportsbooks

These books are Draftkings, FanDuel, Caesars, WynnBet, and BetMGM. As of May 2021, all five of these are live. Tennessee is likely to be a top 20 state in terms of betting volume. All of the online sportsbooks featured on lineups.com have been 3-Point Verified by our Editorial staff. This means the sportsbook is Legal, Licensed, and Safe for you to play on.

#1 DraftKings Sportsbook

DraftKings Sportsbook is the most popular app throughout legal states. DraftKings launched on November 1st, 2020 in Tennessee with the first round of the biggest online sportsbooks. Their app and website are both extremely user-friendly. If you already play Daily Fantasy on DraftKings you can seamlessly connect your DFS account to your Sportsbook account to have all of that information under one account. Your cashier account on DraftKings merges into one and you can seamlessly switch between the two products. DraftKings Sportsbook is the highest-rated app in the field.

DraftKings Sportsbook offers its players a ton of unique features and ongoing promotions. The Live Play feature is seamless and easy to use as is the normal bet slip. One of my favorite features on DraftKings is the sportsbook pools contests which allow you to answer questions and compete for cash prizes, often directly with your friends and co-workers. DraftKings also has excellent educational functionality for customers who are new to the world of sports betting. The rewards and missions programs are also unique and provide additional excitement to players.

DraftKings Sportsbook offers new users a $50 bonus bet as well at the time of signup as well as a deposit match at a 20% rate of up to $1,000. In order to receive the full $1,000 in bonus money, you need to deposit $5,000. There is just a $5 minimum deposit in order to access that $50 bonus bet. All you need in order to be eligible for this offer is to be 21+ years old, a new user on DraftKings Sportsbook, and within the confines of a state where DraftKings Sportsbook is live such as Tennessee. Click through our exclusive links to access these excellent signup offers today.

#2 Caesars Sportsbook

Caesars Sportsbook has completely remade its product offerings following the integration of William Hill, making it one of the best in the market. The sportsbook is world-renowned and it is hard to get a better overall sportsbook than what Caesars has to offer. Its support is some of the best and the amount of international wagers is unbeatable. The sportsbook is now offering new users a $1,250 first bet on Caesars + 1,000 Caesars tier credits + 1,000 Reward Credits® when you use the code “LINEUPSFULL” when signing up. There is a minimum deposit requirement of $50.

In addition to all of the new features that came with the new Caesars Sportsbook, Caesars also launched a new promotion for new users that is the best in the market. Using the promo code “LINEUPSFULL”, new Caesars Sportsbook users can access a first bet of up-to $1,250 on Caesars when you sign up. This offer is available for customers who are at least 21 years old and are within the confines of a state which currently has Caesars Sportsbook available such as Tennessee. Don’t forget to use the promo code “LINEUPSFULL” when you sign up to access this sign-up promo!

#3 BetMGM Sportsbook

BetMGM is the online platform for Nevada’s famous hotel and casino, the MGM. The company has aggressively expanded online to reach new customer bases all around the United States. They were able to get in as one of the first three online sportsbooks to be operational in Tennessee and launched on November 1st, 2020. BetMGM is the exclusive official partner of the Tennessee Titans and boasts a $1,000 sign up bonus. BetMGM does a nice job providing ongoing weekly promotions to existing users. Odds are in line with the competition and we highly recommend testing their product.

BetMGM Sportsbook has arguably the best ongoing promotions in the industry and provides its users with tons of ways to maximize payout and stay engaged. BetMGM’s Lions Boost takes Odds Boosts to another level with constant offerings related to the market you are betting from. For example, in Tennessee, you may have Lions Boosts related to the Titans or Grizzlies. BetMGM also offers promotions like boosted prop bets, parlay profit boosts, challenges to win bonus bets, and more.

BetMGM Sportsbook offers new users a $1,000 first bet offer at the time of signup which can be used on any sports bet. All you need to do is register for your new account, provide some basic information, and use the bonus code “LINEUPS”. Then you can deposit money using a number of different methods, and once your account is funded, your first bet will be refunded up to $1,000. That means that if you lose your first bet, you will receive a site credit worth the full amount of your first wager. Don’t forget to use our exclusive bonus code “LINEUPS” to access this tremendous offer!

#4 FanDuel Sportsbook

A crowd favorite FanDuel was one of the first three major Sportsbooks to launch in Tennessee on November 1st of 2020. FanDuel is also operational in a Daily Fantasy capacity in Tennessee. You can connect your DFS and Sportsbook accounts to have your betting and fantasy needs all under one account. If you have a pre-existing DFS account, you can still access new user bonuses on FanDuel Sportsbook. Your accounts on FanDuel DFS, Sportsbook, and Casino all sync seamlessly.

FanDuel Sportsbook’s platforms have some of the best user interface functionality and presentation in the industry, and the design is top class. FanDuel also offers some features that make it stand out from its competition. Its Same Game Parlays are very unique in that you can combine multiple prop bets from the same game and boost your potential payout. Additionally, FanDuel frequently offers parlay insurance, player prop insurance, halftime insurance, and more. FanDuel Points are rewarded for each contest users participate in and can help you earn bonus money – who doesn’t love that?

As if its expertly designed platform and top-class promotions weren’t enticing enough, FanDuel offers new users up to $1,000 in a no sweat bet. If you bet $1,000 on a game with your first bet and lose, you will receive a site credit of $1,000 in your account within 72 hours. All that is required for this offer is to be a new user on FanDuel and to make a minimum deposit of $10. Use our exclusive affiliate link below to sign up for this awesome offer today!

Sportsbooks Coming To Tennessee

While Tennessee sports bettors can sign up with some of the top names in online betting, there are still some mobile betting sites that have yet to make their way to the Volunteer State. Some of the growing sports betting sites such as SuperBook Sportsbook, Unibet Sportsbook, and Bally Bet Sportsbook could become available in the area in the near future. There are also some online sportsbooks only available in a few states that could expand to the Tennessee sports betting market in the future, such as MaximBet Sportsbook, SI Sportsbook, and Fubo Sportsbook. Additionally, look for yet-to-be-released sports betting sites such as Betr Sportsbook and BetFanatics Sportsbook to possibly become available in Tennessee once they roll out.

Tennessee Sports Betting Rules & Regulations

Sports betting in Tennessee is different than most other states in the country. Tennessee will only have mobile and online sports betting and no brick-and-mortar sportsbooks. The Tennessee Education Lottery Corp. is tasked with regulating the industry under the Tennessee Sports Gaming Act.

There is no restriction for who can apply for a mobile sports betting license. However, the $750,000 licensing fee will weed out a lot of smaller competitors. Aside from the high licensing fee, there is one aspect of legal sports betting that is getting a lot of criticism in Tennessee. A proposed rule requires sportsbooks cap payouts at 85 percent. The 15 percent hold is three times the average rate in the industry (5%).

If that wasn’t enough, Tennessee is one of three states that will require the use of “official league data” for live-betting, joining Michigan and Illinois. Add in a relatively high tax rate of 20 percent, and Tennessee has a number of issues to address before any launch can occur.

There is no cap on sports betting licenses in Tennessee. Anyone 21 or older will be eligible to place a bet. The only notable betting restriction is that in-play bets on collegiate events will not be allowed.

The 10% Hold

One of the biggest pieces of news to come out of the legalization process of sports betting in Tennessee was the announcement that a 10% hold would be required for all sportsbooks. A hold refers to how much a sportsbook is required to hold when all bets are settled over a certain period of time. You can also think of it as only being able to payout a maximum of 90% of the total money that comes in through wagers.

If you take a look at something that has 50/50 odds of happening often the lines will be around -105 to -110 for either side. That means that you would have to bet $105 or $110 on either side, respectively, to win $100. However, with such a high hold sportsbooks can only payout 90% over a certain period of time. So, those 50/50 bets are more likely to have -120 or -125 on each side. This would mean that you would need to bet $120 or $125, respectively, to win $100. To put this in comparison Nevada has never gone above an 8% hold in their entire history.

Many experts worry that this will make gambling in the state non-competitive. If people have the resources, then they will go to other states for their sports betting needs. This ruling, however, can be revisited by the states Lottery Board in the future to either lower or even further increase the hold required by Sportsbooks

Claim $1,050 DraftKings Bonus

How to Bet on Sports in Tennessee

You must be 21 years of age or older and located in Tennessee to bet. If you are traveling from out of state and betting on your mobile phone, you will need to connect to a wifi hotspot and verify your location. Otherwise, if you’re connected to the internet and in the state, you can bet. Here are the 4 steps to placing a bet.

TN Sportsbook Rank	Tennessee Sports Betting Apps	Launch Date
#1	DraftKings Sportsbook Tennessee	November 1st, 2020
#2	Caesars Sportsbook Tennessee	March 11th, 2021
#3	BetMGM Tennessee	November 1st, 2020
#4	FanDuel Sportsbook Tennessee	November 1st, 2020
#5	WynnBet Sportsbook Tennessee	May 1st, 2021
#6	PointsBet Sportsbook Tennessee	Expected 1st Quarter 2022

Tennessee Betting Market

Tennessee is the 16th most populated state in the United States of America. We’ve seen similar-sized states such as Indiana and Colorado have great success upon launch. We expect the same for the Volunteer states. Here is a fact table on the betting market.

Tennessee Sports Market	Details
Tennessee Population	6,829,174 (2019)
Estimated TN Market Size	$4.5 billion
Largest Tennessee Betting City Populations	Nashville (673K) Memphis (647K) Knoxville (191K) Chattanooga (184K) Clarksville (164K) Murfreesboro (151K) Franklin (88K) Jackson (66K)
Tennessee Profesional Sports Teams	Tennessee Titans, Nashville Predators
Tennessee College Sports Teams	Memphis Tigers, Tennessee Volunteers, Vanderbilt Commodores
Tennessee Legislature Bill Approval Date	April 30th, 2019
Law Commencement Date	July 1st, 2019
Sports Available to Bet On	NFL, NBA, MLB, NHL, Soccer, UFC, Tennis, Golf

Tennessee Types of Bets

With sports betting legal in the Volunteer State, there is a wide range of different types of sports bets you can place. Before you start betting, it’s beneficial to know all the different types of wagers you can place with different sportsbooks. You can always place a single wager on the moneyline, meaning that you believe a team will win a certain game. One of the most popular types of bets is on the point spread, meaning you believe one team will cover an exact number provided by the sportsbook. You can also place totals bets on the amount of points that are scored in a certain game. Player props are also one of the most versatile types of wagers, as you can bet on a certain player to score a goal, hit a certain number of points, or even to have multiple touchdowns. Of all the types of wagers, futures bets require the most patience, as you’re placing a bet on specific outcomes down the road, such as a team to win the championship or a player to win MVP. You can even combine different options from different games for parlay bets or even place a same-game parlay on a single event.

Tennessee Retail Casinos

Although the Tennessee sports betting laws completely allows for you to place bets with online sportsbooks, retail betting at physical casinos is a bit of a different story. Retail sports betting is popular in a number of U.S. states, as it’s generally done at physical casinos and seen as a social event. Usually, a major sports betting platform such as DraftKings Sportsbook, BetMGM Sportsbook, or the Penn National platform Barstool Sportsbook will open brick-and-mortar sportsbooks within one of the retail casinos and take bets in person. Unfortunately, Tennessee doesn’t currently allow for retail sports betting at the moment. However, that could always change in the future, especially considering the popularity of online sports gambling in the state. Some of the top retail casinos in the area could allow in-person betting in the future include Mohegan Sun Pocono, Mount Airy Casino Resort, and Hollywood Casino at Penn National Race Course.

Tennessee Retail Sportsbooks vs. Online Sportsbooks

Sports betting laws in Tennessee allow for both online sports gambling and going to brick-and-mortar casinos to bet at physical sportsbooks. If you’re more into the convenience of wagering right from home, you’ll definitely prefer online betting, as you can place an online wager right from your smartphone or tablet. Basically you just open the app of your choice (FanDuel Sportsbook Tennessee, Barstool Sportsbook Tennessee, Caesars Tennessee etc.), tap on the online wager of your choice, and place it through the digital bet slip. With retail sports betting at physical sportsbooks, you walk up to the counter, tell the employee the types of wagers you’d like to place, and get your physical bet slip. Many of the retail sportbooks also include betting kiosks to place wagers through. While the convenience of online wagering is tough to argue with, betting at retail locations has its charm. Whatever you prefer, the Tennessee sports betting market allows for both.

Tennessee Daily Fantasy Sports

Daily fantasy sports is 100% live and legal in the state of Tennessee. If you’re located in the Volunteer State, you can play with all of your favorite DFS platforms. FanDuel Tennessee and DraftKings Tennessee are both extremely popular with DFS players in Tennessee, with both names starting as daily fantasy sports platforms before expanding into sportsbooks and online casinos. Both platforms have also struck partnerships with local teams in the area, with FanDuel acting as the exclusive Memphis Grizzles DFS platform and DraftKings making a deal as the exclusive DFS site for the Nashville Predators. And, if you’re a fan of both daily fantasy sports and standard sports betting, you can switch between the platforms with ease in Tennessee.

Tennessee Sports Betting FAQ

• • • Can I bet Legally on Sports in Tennessee?
    • Are there any additional sportsbook apps proposed for launch in Tennessee?
    • Will Tennessee sportsbook apps be able to offer live in-game bets?
    • What is the legal betting age in Tennessee?
    • Can you bet on college games in Tennessee?
    • Are there any retail sportsbook locations in Tennessee?
    • What welcome bonuses are offered in Tennessee?
    • Is there online casino betting in Tennessee?
    • What is the difference between Bovada and the Tennessee licensed sportsbooks?
    • How do I download sportsbook mobile apps in Tennesse?

Tennessee Betting Explained

If you are new to betting here is some terminology and technical details that will help you understand exactly what each bet means.

What Can I Bet on

Each sportsbook offers a wide variety of different sports to bet on. Almost every sportsbook will include all professional American sports like the NFL, MLB, NHL, NBA, and MLS. They also will offer a huge variety of professional sports around the world. You will be able to bet on the English Premier League, while simultaneously betting on UFC fights and the PGA Tour. The possibilities are almost endless.

One thing that is important to note is that Tennessee approved the ability to bet on college sports. College football is one of the biggest betting markets. If you want to get in on the Saturday college game-day action, then you will have the ability to do so. Most legal sportsbooks will also offer you other collegiate sports such as basketball to place some wagers on.

Moneylines, Spreads, Total Points (Over/under)

The most common ways to bet on team sports is with the spread, moneyline, or total points.

The Moneyline is simply the odds for that team winning the game outright. If the team has odds of +255, then that means you can make a profit of $255 on a bet of $100. The “+” is the amount of money that you can win with an $100 bet. The “-” in -255 means the opposite, you need to place a $255 bet in order to win a profit of $100.

All bets present you with odds of some kind. That is how you know the total payout or profit that you can make from placing that bet. When you add the bet to your betslip you can also type in the amount that you want to gamble, and your sportsbook will show you the total payout or profit corresponding with that amount and bet.

The spread is a point value that a team must win by, if they are favored, to win you the bet. If a team is an underdog, then the spread is the point value that they can lose by, and you still win the bet.

If one team is +3 that means they are given 3 points. That team can either win the game, tie or lose by 1 or 2 points for you to win the bet. If they lose by 3 it is a push and you get your money back. If they lose by more than 3, then you lose the bet. The same logic but reversed is applied for the team at -3, they must win by over 3 for you to win the bet.

Total points refer to betting on either over or under a certain amount of total points to be scored in a game. In a game between the Titans and Vikings in Week 3 of 2020, the total offered by many sportsbooks was at 50.5. You could have bet the over which means you wanted the total points scored by both teams to reach over 50.5. Alternatively, you could have gambled on the under which means you wanted the total points scored by both teams to be below 50.5. The final score was 31-30, 61 total points, so the over bet won.

Tennessee Team Futures

Team futures is another way to bet on teams but instead of betting on a single game, you are betting on a certain condition to be met or accomplished by the team.

An example of this is win totals. The St. Louis Cardinals may have a win total of 88.5 next season. You can either bet the under or over on that win total.

A big example of team futures is championships. You can bet on who you think will win the World Series, Super Bowl, NBA Championship, Stanley Cup, etc. at almost any time pre-season, during the season, or even during the playoffs. The odds will change to reflect the chances of a team winning the championship.

Prop Bets

Prop bets are betting on a team or player to accomplish something in a game. This can show up in many different varieties.

Some of the more common bets are betting on which team will score first or how the first score will happen. You can also bet on which player you think will score the first touchdown, run, or goal.

Each game will have tons of prop bets based on the myriad of different stats that a certain sport has to offer. For American Football you may see yardage totals, total TDs, the amount of 1st downs, etc. For Baseball it maybe runs scored, home runs hit, strikeouts thrown, etc.

Tennessee Live Betting

Live betting is betting on a game while it is being played. Using the example of an NFL game, you will see the spread and moneyline fluctuate as the game goes on and is played out. If a team goes down big, but you think that they will come back, then you most likely can get very profitable odds for that bet during the game.

Live betting is usually on its own tab and category for each of the legal sportsbooks, so make sure to check it out when you log on.

Parlays and Teasers

A parlay is a multi-tier bet. This is where you make multiple bets, such as spreads on three different NFL games, and you want to tie all those bets together. A parlay will need all three of those bets to hit for you to receive the payout and win. It is much harder for this to happen, but can give you some very profitable odds.

There are also teasers. In football terms, teasers usually add points to the spread or total points for all the legs of your parlay. This is to make the chances of hitting on the bet more likely. For example, if your three games had spreads of +3, +6, and -7, and you receive a 6 point teaser, then the spreads for those games are now +9, +12, and -1, respectively. You were given 6 points in your favor to help win the parlay. Teasers obviously have smaller profits than straight-up parlays, but can be a fun way to bet on an NFL Sunday or College Gameday.

Tennessee Sports Teams to Wager On

There is a myriad of Tennessee sports teams for local sports bettors to wager on in Tennessee, and some even have partnerships with the major sportsbooks available in the Volunteer State. Here are some of the top teams that Tennessee sports fans will place different types of bets on throughout the year.

Tennessee Titans – NFL

The Tennessee Titans play in the AFC South in the National Football League. The team originated as the Houston Oilers and is one of the top attractions for Tennessee sports fans. Currently, BetMGM Sportsbook is the official sports betting partner of the Titans.

You can wager on every Titans game with the major sportsbook applications, and you can even wager on future events like them winning the Super Bowl. Professional football is the biggest sports betting market in Tennessee and the entire United States.

Memphis Grizzlies – NBA

The second-largest betting market is professional basketball, and the Memphis Grizzlies are the hometown team for the state of Tennessee. Despite being geographically eastern in the United States, the Grizzlies, unfortunately, play in the much more competitive Western Conference.

FanDuel Group is the official sports betting partner of the Memphis Grizzlies as of November 2020. This strategic partnership will allow FanDuel exclusive daily fantasy and online sports wagering deals. You can bet right now on the Grizzlies with FanDuel or any of the sportsbook apps available in Tennessee.

Nashville Predators – NHL

The Nashville Predators are the professional hockey team for the State of Tennessee. Currently, Nashville plays in the Central Division and is one of the promising teams in the NHL. The Predators are partnered with DraftKings as it is the official daily fantasy and sports betting partner of the team.

DraftKings offers some exclusive deals with the Predators, and DraftKings also has access to some great marketing by being in the strategic partnership with the Predators. You can bet on the entire NHL on DraftKings, FanDuel, and BetMGM.

Tennessee Volunteers – SEC

The University of Tennessee Volunteers are the largest collegiate sports program in the State of Tennessee. Hailing from the highly competitive SEC, the team is best known for its football program that produced stars such as Jason Witten and Eric Berry.

College sports betting is available for college basketball and football with all the Tennessee legal sportsbooks, and that includes the University of Tennessee Volunteers. There are even some special offers that you can get for being a Tennessee bettor with your hometown Volunteers.

Vanderbilt Commodores – SEC

Vanderbilt is the lesser-known of the two Tennessee SEC athletic programs but is still an elite university. One place in which Vanderbilt has the Volunteers beat is in basketball, as the team fields talented competitive rosters year in and year out.

You can bet on Vanderbilt’s men’s basketball program and March Madness with DraftKings, BetMGM, and FanDuel Tennessee right now.

Tennessee Futures Bet: Memphis Grizzlies to Win 2022-23 NBA Championship ()

The Memphis Grizzlies play in a very crowded Western Conference, with the Golden State Warriors, Dallas Mavericks, and Phoenix Suns all built for deep playoff runs. However, Memphis has a real chance to make some noise, and it all starts with star point guard Ja Morant. The young playmaker is a consistent scoring threat, providing plenty of highlight-reel plays as he attempts to lead the Grizzlies to a championship. And, even when Morant has been injured, the team is deep enough to win games thanks to players like Dillon Brooks and Desmond Bane. While it won’t be easy for Memphis to compete against a stacked Conference, the value on the team to take home a title is simply too good to pass up.

Tennessee Sports Betting History

The complete rollout of legal betting in Tennessee was not an easy one. A 45-day public comment period was held until January 6, 2020. The Tennessee Lottery released draft rules for the licensing and regulation of sports wagering. The comment period was to address any issues with those rules. During the comment period, more than 300 comments were made, and the 15 percent payout cap was one of the most talked-about issues. The Tennessee Lottery used the comment made during the 45-day period to address any possible issues that were brought up.

According to gaming consultants Eilers and Krejcik, two-thirds of the sportsbooks polled would reconsider applying for a license in Tennessee became of the proposed payout cap. The 20 percent tax rate is the second-highest in the country behind Pennsylvania (36 percent). If the 85 percent payout cap remains, Tennessee would possibly see a limited number of sportsbooks applying for a license. This would limit options for Tennessee bettors. Also, this could lead to bad pricing and products for Tennessee bettors. This could cause bettors to not only travel to other states to find reasonable betting lines but also keep them betting illegally via bookies or offshore sportsbooks.

The use of “official league data” was another controversial aspect. With the margins for sportsbooks already thin, adding in extra costs on top of the high licensing fee and tax rate could potentially scare operators away. However, the law in Tennessee does allow for an exception if the leagues cannot provide the data under “commercially reasonable terms”.

Another issue that was addressed a lot was an odd one not seen anywhere else. A “parlay” is a wager made on multiple individual bets into one wager. Traditionally in a parlay, when one of the wagers results in a tie, the entire bet is not considered a loss. The payout on the bet is adjusted to exclude the leg of the parlay that resulted in a tie, making the rest of the bet still active. However, in Tennessee, one rule would require that the parlay be considered a loss in the event that even one leg results in a tie. This goes against any industry standards and is a huge disadvantage to bettors.

Major sports leagues had even voiced their concern over some of the proposed rules in Tennessee. From local bettors to the leagues and even the companies who run the sportsbooks, they all seem to agree that Tennessee had a number of issues that needed to be addressed before sports betting could become available. Eventually, the sports betting laws in the state were figured out, and Tennessee launched its legal sports betting market on November 1st, 2020. With sports betting legal in the state, you can place numerous types of wagers like parlay bets and futures bets with different online wagering apps such as DraftKings Sportsbook, FanDuel Sportsbook, Caesars Sportsbook, Barstool Sportsbook, and FanDuel Sportsbook. Whether or not retail betting is confirmed in the future remains to be seen.