Tennessee Sports Betting: Ranking the Top Sportsbook Apps 2021

Tennessee Sports Betting

Tennessee sports betting is live. Online sportsbooks launched on November 1, 2020. Sports betting was legalized in Tennessee in the spring on 2019. On April 30th, 2019, the Tennessee legislature approved a sports betting bill. The bill became law without the governor’s signature. The law allows for mobile and online betting only with no physical sportsbooks.

Four online sportsbooks were approved for launch on November 1, 2020. However, only three of the companies launched products. We recommend three of these sportsbooks and they include DraftKings, FanDuel & BetMGM. This page is dedicated to the Tennessee sports betting market and serves as a complete guide to the best mobile sportsbook apps.

Tennessee Sportsbooks
Bonus
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Editor's FavoriteDraftKings Sportsbook
$1,050 Bonus
$50 Free Bet & Deposit Match up to $1,000
FanDel Sportsbook
$1,000 Free Bet
Risk Free Bet up to $1,000
betmgmlogo 1
$500 Bonus
Deposit Match Up to $500

Tennessee Sports Betting Promo Codes

Each mobile app and online sportsbook provides promotions for new users to sign up. It’s an incentive in the form of free bets, deposit bonuses, and in some cases, no-deposit bonuses. The following are all the available promo codes in Tennessee as of January 24, 2021

Top Tennessee Sportsbook Apps

Tennessee Promo Code

Tennessee Promo Value

DraftKings Sportsbook TNNo Code - Click Here for Bonus$50 Free Bet
$1,000 Deposit Match
FanDuel Sportsbook TNNo Code - Click Here for Bonus$1,000 Risk-Free Bet
BetMGM SportsbookLINEUPS$500 Deposit Match
Launch DateMobile & Desktop appsNovember 1st, 2020
Staff Verified3 Point-CheckJanuary 23, 2021

Top 3 Tennessee Sportsbooks

lineups 3-point check verfiedEventually, we believe the Top 5 sportsbooks will provide apps in Tennessee. These books are Draftkings, FanDuel, William Hill, PointsBet, and MGM. For now, three of the 5 are live. We do not know for certain which books will enter the market aside from DraftKings, FanDuel, and BetMGM. Tennessee is likely to be a top 20 state in terms of betting volume. All of the 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 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.

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#2 FanDuel Sportsbook

A crowd favorite FanDuel will be one of the first three major Sportsbooks to launch in Tennessee on November 1st of 2020. FanDuel is already operational in a Daily Fantasy capacity in Tennessee, and once the Sportsbook section goes live you will be able to connect your DFS and Sportsbook accounts to have your betting and fantasy needs all under one account.

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#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 3 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 $500 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.

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Tennessee Sports Betting Rules

tn state flag 300Sports 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.

DraftKings Banner Update $1,050

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

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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.

1

Choose your Tennessee Sports Betting App

here are four approved Sportsbooks in Tennessee: Draftkings, FanDuel, BetMGM, and Action 24/7. Action 24/7 is a TN only sportsbook, so no one has any experience with the platform. We can’t recommend it for this reason and will only cover the Top 3 apps. All three of which are fully online and ready to go.

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2

Create Your Account

Once you decide which of the Sportsbooks you would like to go with, download their app, or visit their website. Make sure you are connected to a wifi connection or using a device that has Geolocation so the corresponding Sportsbook can verify that your location is indeed in Tennessee.

Once you have downloaded the app or reached the website the only things you need to create your account will be: full name, E-mail address, address, date of birth, and a social security number. Here is the first registration screen for DraftKings.

draftkings sportsbook registrations

With that information and your wifi connection, the sportsbook will be able to confirm the details of your identity, age, and location.

Do not forget to use a promo code provided by Lineups.com when making your account to get amazing promotions that include: risk-free bets, bonuses, or game boosts. If there is no promo code needed, your bonus will automatically be applied to your account if you click on our links.

3

Deposit Money to Your Account

Almost every Sportsbook will accept deposits by credit card, debit card, or PayPal. Once the account is registered it should be a seamless process to deposit money and get betting right away.

You should also have the option to use online bill pay if that route is more comfortable for you. Here are the deposit options on FanDuel.com, which are available on all sportsbooks featured.

deposit methods fanduel

4

Place a Bet

Your account has been created, you have deposited money, now what? Well, each sportsbook will have its own set of sports and bets to place on. Do not get overwhelmed as you will be able to filter by sport and by the type of bet. There will also be a tab for live betting, which is a place where you can bet on games that are currently live and being played.

One process stays the same across all betting apps: to place a bet, simply select the bet you would like to go with. For example, the moneyline of the Titans winning their game at +110. Once selected, the game will be placed in your betslip where you can insert the amount of money you want to place on the game. For this example, if we placed $100 on the bet, then the payout should be displayed as $210, or a profit of $110, if you were to win.

DraftKings tennessee Promo Large

TN Sportsbook Rank

Tennessee Sports Betting Apps

Launch Date

#1DraftKings Sportsbook TennesseeNovember 1st, 2020
#2FanDuel Sportsbook TennesseeNovember 1st, 2020
#3BetMGM TennesseeNovember 1st, 2020
#4William Hill Sportsbook TennesseeExpected 1st Quarter 2021
#5PointsBet Sportsbook TennesseeExpected 1st Quarter 2021

Mobile Apps Launching in 2021

William Hill

William Hill is one of the largest Sportsbooks in the US and world. However, currently, they are not operational in Tennessee, nor do they have a planned date to move in on the state’s betting situation. Most experts would expect William Hill to make a move and get in on the action sooner rather than later. William Hill is currently a staple of online sports betting and has one of the best websites in the industry.

PointsBet

PointsBet is one of the more fresh ideas when it comes to sports betting. PointsBet not only has standard odds, including moneylines and spreads. However, they have their PointsBet system which allows the payout that you can win to swing drastically depending on the outcome of the game. However, PointsBet is currently not operational in Tennessee, nor do we currently have a timeline for them to launch their app in the state.

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 Population6,829,174 (2019)
Estimated TN Market Size$4.5 billion
Largest Tennessee Betting City PopulationsNashville (673K)
Memphis (647K)
Knoxville (191K)
Chattanooga (184K)
Clarksville (164K)
Murfreesboro (151K)
Franklin (88K)
Jackson (66K)
Tennessee Profesional Sports TeamsTennessee Titans, Nashville Predators
Tennessee College Sports TeamsMemphis Tigers, Tennessee Volunteers, Vanderbilt Commodores
Tennessee Legislature Bill Approval DateApril 30th, 2019
Law Commencement DateJuly 1st, 2019
Sports Available to Bet OnNFL, NBA, MLB, NHL, Soccer, UFC, Tennis, Golf

Tennessee Sports Betting FAQ

Can I bet Legally on Sports in Tennessee?

Yes, you can bet legally on sports in Tennessee. On April 30th, 2019, the Tennessee Legislature voted to approve a sports betting bill. The bill became law without Tennessee Governor Bill Lee’s signature. On November 1st, 2020, sportsbooks officially launched their apps.

Are there any additional sportsbook apps proposed for launch in Tennessee?

Yes, beyond the first four sportsbook apps launched, there are an estimated dozen more competitors with pending applications nearing final approval. Tennessee-based sportsbook app Action 24/7 will make its debut before the end of 2020. William Hill, PointsBets, and Fox Bet are all likely to enter in the future.

Will Tennessee sportsbook apps be able to offer live in-game bets?

Yes, if approved. The ability to provide in-game betting odds is totally dependent on final approval by the Sports Wagering Advisory Council. Any in-game prop bet must purchase the in-game data from an official league data source to post in-play prop bets.

What is the legal betting age in Tennessee?

Unlike many U.S. states with new laws to permit sports betting, Tennessee did not set the age limit at 18 or older. In Tennessee, individuals must be 21 or older to register for a sportsbook app account legally and make bets on games.

Can you bet on college games in Tennessee?

Yes. Tennessee is home to a number of prominent NCAA sports programs. They have two teams, Vanderbilt and the University of Tennessee, which are members of the Power Five Southeastern Conference. There are a number of mid-major Division I programs, which will have weekly game odds posted.

Are there any retail sportsbook locations in Tennessee?

No. Tennessee is one state that has yet to provide a legal framework to allow physical sportsbook locations to accept sports bets. Currently, Tennessee has four licensed sportsbook apps available to Tennessee residents. The apps can be used anywhere in the state legally.

What welcome bonuses are offered in Tennessee?

The three major sportsbooks all offer unique welcome bonuses. DraftKings Sportsbook offers a deposit match worth up to $1,000 at a 20% match rate and a $50 free bet. BetMGM similarly offers a deposit match but $500 at a 100% match rate. Lastly, FanDuel has a $1,000 risk-free bet available for all new users.

Is there online casino betting in Tennessee?

No, currently only online sports betting is allowed in the Volunteer State. It seems that with how strict the online sports betting rules are, there is little chance that online casinos will be following sports betting in the immediate future. However, all three major online sportsbooks do have online casino platforms ready if they became legal.

What is the difference between Bovada and the Tennessee licensed sportsbooks?

Bovada is an offshore sportsbook that is unregulated by any governing body in America. This means that there is no consumer protection when it comes to your bankroll or wagers. All licensed sportsbooks in Tennessee are regulated by the Tennessee Government and fall under United States legal jurisdiction.

How do I download sportsbook mobile apps in Tennesse?

You can find the BetMGM, DraftKings, and FanDuel iOS apps on the Apple App Store. However, you will need to visit each of these sportsbooks’ sites to get the Android app download link, and then you will be able to use the Android version of the app. The Google Play Store does not allow for sportsbooks on its site.

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 sportsbooks will also offer you other collegiate sports such as basketball to place some wagers on.

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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 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 to bet on in Tennessee, and some even have partnerships with the major sportsbooks available in the Volunteer State.

Tennessee Titans – NFL

tennessee titansThe 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 is partnered with the Titans as their official online sportsbook.

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

memphis grizzliesThe 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.

The Grizzlies are currently partnered with the FanDuel Group as of November 2020. This strategic partnership will allow FanDuel exclusive daily fantasy and sports betting 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 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.

You can bet on college basketball and football with all three Tennessee sportsbooks, and that includes the Volunteers. There are even some special offers that you can get for being a Tennessee bettor with your hometown Volunteers.

Vanderbilt Commodores – SEC

vanderbilt commodoresVanderbilt 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 guide

Tennessee Sports Betting History

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 is using the comment made during the 45-day period to address and 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 may 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 off-shore betting sites.

The use of “official league data” is 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 have even voiced their concern over some of the proposed rules in Tennessee. DraftKings also voiced their concern over the parlay rule. Tennessee sees criticism from every angle. From local bettors to the leagues and even the companies who run the sportsbooks, they all seem to agree that Tennessee has a number of issues that need to be addressed before sports betting can launch.

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DraftKings Sportsbook Tennessee App
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Name: DraftKings Sportsbook Tennessee App

Description: DraftKings was one of the first sportsbook licensed in Tennessee. DraftKings is one of the most recognizable names in the legal US sports betting industry. The company leads with a functional and fun mobile app. The app can be downloaded via the Apple Store and via the website for the Android version.

Operating System: Apple, Android

Application Category: Game

Author: DraftKings Sportsbook

  • Pre-Launch Bonus
  • Mobile App Functionality
  • Mobile App Design
  • New User Sign Up Bonus
  • NFL Prop Best
4.9

Editor's Impression of DraftKings Tennessee Sports Betting App

The biggest players in the sports betting industry are entering the Tennessee market. The top 3 apps launch on November 1, 2020 and the competition will be fierce. We’ve seen nice growth from DraftKings in other states and they bring their same industry-leading mobile app to Tennessee. DraftKings is the only app offering a pre-launch free bet of $50, which we love. It’s an additional $50 free bet that new and existing users can claim. The mobile app will begin accepting bets on November 1st, 2020.

Well Done

  • Pre-launch bonus
  • Welcome bonus
  • Game Selection
  • Design & Functionality

Needs Help

  • Limited NFL prop bets
  • Lacking significant weekly promotions
  
Calvin is a sports betting enthusiast that has been in the business for over 10 years. He has created successful betting formulas for seven different sports. way too serious Packers, Mets, and Avalanche fan that hates everything Pittsburgh, despite living there.