Tennessee Sports Betting: Top Sportsbook Apps September 2024 & TN Sports Betting Guide

Tennessee Sports Betting Update (September 2024)

On Nov. 1, 2020, Tennessee online sports betting officially launched. Now that the state has legal sports betting, anyone who’s 21 and up can sign up for a new online sportsbook and get a major bonus by using a LINEUPS.com promo code. Some of the top online sports betting apps in the area are:

• BetMGM Sportsbook Tennessee
• FanDuel Sportsbook Tennessee
• Hard Rock Bet Sportsbook Tennessee
• Caesars Sportsbook Tennessee
• Fanatics Sportsbook Tennessee

Fans in Tennessee have plenty of popular teams to wager on. The Memphis Grizzlies battle in the NBA Western Conference. Meanwhile, the Nashville Predators garnered another postseason trip out of the tough NHL Central Division. The Tennessee Titans have missed the playoffs, but are striving to shape the team back among contenders 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

• • 2023: Tennessee sports betting regulators adjust the tax rate for sportsbook operators from 20% of adjusted gross revenue to 1.85% of overall handle.
  • Sept. 6, 2022: The Volunteer State adds another online sports betting app with the launch of Hard Rock Sportsbook Tennessee.

Tennessee Sports Betting Promo Codes

The Tennessee sports betting market has remained one of the hottest in the nation since its launch back in November 2020. Many top US sports betting operators have set up their online sportsbook app in Tennessee. Some of these operators include BetMGM Sportsbook and FanDuel Sportsbook. BetMGM Tennessee gives new users that use the BetMGM Bonus Code “LINEUPS” a $1,500 first bet offer to use on the sport of their choice. *Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms. FanDuel Tennessee gives new sports bettors a $200 bonus when they place an initial $5+ wager + Three Weeks of NFL Sunday Ticket. To claim, individuals must simply click through this FanDuel Sportsbook Promo Code link.

Caesars Tennessee, which offers new users a “$1,000 bet on Caesars” when they sign up using the promo code “LINEUPS1000”.

Make sure to take a look at this table to check out all the info on maximum sportsbook bonuses as of September 19, 2024

Top Tennessee Sportsbook Apps	Tennessee Promo Code	Tennessee Promo Value
BetMGM Sportsbook TN	LINEUPS	Up to $1,500 in Bonus Bets Paid Back If Your First Bet Does Not Win
FanDuel Sportsbook TN	No Code - Click Through Link to Unlock	Bet $5, Get $200 in Bonus Bets + Three Weeks of NFL Sunday Ticket
Hard Rock Bet Sportsbook TN	No Code - Click Here for Bonus	Bet $5, Get $100 in Bonus Bets
Caesars Sportsbook TN	LINEUPS1000	$1,000 First Bet On Caesars
DraftKings Sportsbook TN	No Code - Click Here for Bonus	Bet $5, Get $250 in Bonus Bets + 20% Deposit Match Up to $1,000 (25x playthrough) + $50 Bonus Bet With $5 Deposit + 1-Month Subscription to NFL+ Premium
Fanatics Sportsbook TN	Click to Claim	Up to $1,000 in Bonus Bets

Top Tennessee Sportsbooks

The top sportsbooks operating in Tennessee are BetMGM, FanDuel, Hard Rock Bet and Caesars. Tennessee will likely continue to be a top 20 state in terms of betting volume. These online sportsbooks featured on Lineups.com have all been 3-Point Verified by our editorial staff. This means the sportsbook is legal, licensed and safe for you to play on.

#1 FanDuel Sportsbook

A crowd favorite, FanDuel was one of the first three major Sportsbooks to launch in Tennessee on Nov. 1, 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 a Bet $5, Get $200 in Bonus Bets + Three Weeks of NFL Sunday Ticket.

#2 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 throughout 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 Nov. 1, 2020. BetMGM is the exclusive official partner of the Tennessee Titans and boasts a $1,500 sign-up bonus. BetMGM does a nice job of 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 $1,500 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 get up to $1,500 in bonus bets paid back if your first bet does not win. Don’t forget to use our exclusive bonus code “LINEUPS” to access this tremendous offer! *Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms.

#3 Hard Rock Bet Sportsbook

Hard Rock Bet Sportsbook, which got its start in New Jersey in 2019, debuted in the Volunteer State in 2022. The Hard Rock Bet app makes a strong impression in live betting, utilizing stellar graphics that make real-time wagering fun and a snap. Bettors can go easily navigate from desktop to mobile as the operating versions are virtually the same. New Hard Rock players can capitalize on a Bet $5, Get $100 in Bonus Bets offer when taking their maiden spin through the online sportsbook, rated 4.8/5 stars and endorsed by our experts at Lineups.com.

But there’s more. Check out Hard Rock Bet’s exceptionally high “Overdrive” boosts for yet another way to enhance your experience. Wheel spins for bonus bets and unique promos each week of the football season provide more incentives for players to come back and get down. New users can try the No Regret First Bet and bring home a winner or try again later.

#4 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, making it hard to get a better overall sportsbook than what Caesars offers. Its support is some of the best, and the amount of international wagers is unbeatable. The sportsbook is now offering new users a “$1,000 first bet on Caesars” promo “LINEUPS1000” 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 “LINEUPS1000”, new Caesars Sportsbook users can access A “$1,000 first bet on Caesars” promo 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 that currently has Caesars Sportsbook available such as Tennessee. Don’t forget to use the promo code “LINEUPS1000” when you sign up to access this sign-up promo!

#5 Fanatics Sportsbook

Fanatics leaps into the TN market well regarded for its brand in sports apparel and memorabilia. Fanatics offers FanCash back on every wager. This virtual money can be redeemed for bonus bets or real cash to be used at the Fanatics Store.

The Fanatics mobile app is highly regarded for its speed and intuitive interface. Jump to any league you choose to find the wager you seek. With plenty of deposit and withdrawal options, Fanatics makes it easy to play. You can download the app for free on iOS or Android devices.

Snag the Fanatics welcome offer of up to $1,000 in bonus bets. There is no promo code, just click to claim. This bet momentum can get you started as a Fanatics Sportsbook customer.

Sportsbooks Coming To Tennessee

While Tennessee sports bettors can sign up with some of the top names in online betting, there are still some online betting sites that have yet to make their way to the Volunteer State. SuperBook Sportsbook and Hard Rock Sportsbook are two of the latest to launch in Tennessee. There are also some online sportsbooks only available in a few states that could expand to the Tennessee sports betting market in the future. Look for sports betting sites such as Betr Sportsbook to possibly become available in Tennessee.

Tennessee Sports Betting Rules & Regulations

Sports betting in Tennessee is different than most other states in the country. Tennessee only features mobile and online sports betting and no brick-and-mortar sportsbooks. The Sports Wagering Advisory Council 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 current regulation requires sportsbooks cap payouts at 90 percent. This could soon be amended if a proposed adjustment is approved.

If that’s not enough, Tennessee is one of three states that require the use of “official league data” for live betting, joining Michigan and Illinois. Add in a relatively high tax rate of 20%, and Tennessee sports betting features multiple anomalies.

There is no cap on the number of sports betting licenses permitted in Tennessee. Moreover, anyone 21 or older is eligible to place a bet. The only notable betting restriction is that in-play bets on collegiate events are not 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 $1,500 BetMGM Bonus

How to Bet on Sports in Tennessee

Players 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 must 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	BetMGM Tennessee	Nov. 1, 2020
#2	FanDuel Sportsbook Tennessee	Nov. 1, 2020
#3	Hard Rock Sportsbook Tennesee	Sept. 6, 2022
#4	Caesars Sportsbook Tennessee	March 11, 2021
#5	Fanatics Sportsbook Tennessee	Aug. 1, 2024

Tennessee Betting Market

Tennessee is the 16th most-populated state in the United States of America. Similar-sized states such as Indiana and Colorado had great success upon launch, and the Volunteer State performed similarly. 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’s 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 total points bets on the amount of points that are scored in a certain game. Player prop betting is 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. 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 online sportsbook betting, retail betting at physical casinos is 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. The fact that casino gambling is illegal in Tennessee also plays a major part in this law. However, that could always change in the future, especially considering the popularity of online sports gambling in the state.

Tennessee Retail Sportsbooks vs. Online Sportsbooks

Sports betting laws in Tennessee allow for online sports gambling rather than brick-and-mortar betting at a physical sportsbook. If you’re into the convenience of wagering right from home, you’ll enjoy 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 any online wager, and place a bet 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. Those that prefer in-person sports betting will have to visit the neighboring state of Alabama, Kentucky or Virginia.

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’s some terminology and technical details that will help you understand exactly what each bet means.

What Can I Bet On?

Each Tennessee sportsbook offers a wide variety of different sports to bet on. Almost every sportsbook will feature professional American sports like the NFL, MLB, NHL, NBA, and MLS. They’ll also offer a huge variety of professional sports around the world. You’ll 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’s 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 are many 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. 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 Tennessee’s professional hockey team. Currently, Nashville plays in the Central Division and is one of the promising teams in the NHL. The Preds 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 a 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 is 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, including 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 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 Jan. 6, 2020. The Tennessee Lottery then released draft rules for the licensing and regulation of sports wagering. The comment period was to address any issues with those rules. Over 300 comments were made during the comment period, with the 15% payout cap being 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 sans the state’s 90% payout cap. The 20% tax rate is the second-highest in the country behind Pennsylvania (36 percent). If the 90% payout cap is set to be reconsidered. Opponents of the cap fear it could cause bettors to travel to other states to find reasonable betting lines and keep them betting illegally via offshore sportsbooks.

The use of “official league data” was another controversial aspect. With sportsbook margins 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”.

Major sports leagues 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 seemed 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 1, 2020. With sports betting legal in the state, sports fans 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 launches in Tennessee in the future remains to be seen.