Bonus:125% up to $3,125
Bonus:125% up to $3,125
Bonus:50% up to $1,000
Bonus:50% up to $1,000
Bonus:50% up to $250
Bonus:50% up to $250
We have chosen the top Tennessee sports betting sites based on excellent bonuses, competitive odds, broader market coverage, and timely withdrawals.
To assist you in selecting the ideal platform for online betting in the Volunteer State, we present mini-reviews of these five best sports betting applications in Tennessee.
BetUS was among the first operators to launch in the Tennessee sports betting market in 1994. The online sportsbook is owned by Firepower Trading Ltd, which obtained a license from the Curacao eGaming Authority to run nationwide operations.
BetUS’s Loyalty Program is the standout feature of this site, providing a range of exclusive benefits to its members. This VIP program features six tiers – Blue, Silver, Gold, Platinum, Diamond, and Black – offering free payouts, bigger bonuses, and access to a toll-free number, among other perks.
As you place real-money wagers, you earn points that allow you to progress through the program’s levels. Each time you advance to the next tier, you’ll receive up to $500 free play, increasing the excitement of your betting experience. Upon reaching the top three levels, you’ll enjoy an additional bonus of up to 10% on each deposit you make, further boosting your potential winnings.
BetUS is also one of the best reduced juice sportsbooks around, allowing you to place bets at great odds.
BetUS offers one of the best welcome promotions in Tennessee online sports betting – a 100% up to $2,500. You can claim this bonus with a $100 minimum deposit. A 10x rollover requirement is attached to this bonus that has a 14-day expiry.
Use promo code JOIN125 to claim this one-time promotion.
Other promotions at BetUS include a 250% Casino Bonus up to $5,000, a 200% Crypto Bonus up to $5,000, and a 100% Sports Bonus up to $2,500.
Sports Betting Markets
BetUS covers a wide range of sporting events and leagues, including major ones and niche sports. You can place bets on popular sports like NFL, NBA, MLB, NHL, MLS, and college sports. Additionally, the platform offers diverse markets such as golf, tennis, volleyball, surfing, handball, politics, and even religion.
At BetUS, you have multiple banking methods to choose from. For deposits, the accepted options include three major credit cards – Visa, Mastercard, and American Express – along with four cryptocurrencies. Additionally, the platform supports wire transfers, Google Pay, and Apple Pay as deposit methods.
When it comes to withdrawals, you can conveniently use Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. If you prefer, you can also request a cash withdrawal by phone. Deposits with cryptocurrencies have a low minimum requirement of $10 and a maximum limit of $50,000, making BetUS one of the best low minimum deposit sportsbooks around. It’s worth noting that there are no fees for crypto deposits, allowing you to transact with ease.
Bovada was rebranded for the US in 2011 after the Morris Mohawk Gaming Group announced that the Bodog name would not be available after 2012. The owners acquired a license from Curacao to operate online gambling businesses in 45 US states, including Tennessee.
The Bovada prop builder tool is the most exciting feature of this site. Using this tool, you can control Tennessee’s prop betting action. For example, if you don’t like a line on the standard boards, you can create custom props on any major game. You can create thousands of props and increase your chances of winning larger payouts.
Bovada is also our pick among the best cash out sportsbooks available in Tennessee, so you can look forward to the option of settling bets before an event is over.
We’re particularly impressed by Bovada’s crypto bonus – a 75% crypto match up to $750. Make a minimum deposit of $20 worth of Bitcoin, USDT, Litecoin, Bitcoin Cash, or Bitcoin SV Deposit to qualify for this bonus.
This bonus has a 5x rollover requirement on both the initial deposit and the bonus amount. Use the bonus code BTCSWB750 on your first-ever deposit on this site.
Other Bovada promotions include a $250 sports welcome package, a $3,750 crypto welcome bonus, and a 100% poker welcome bonus of up to $500, making it one of our top Tennessee poker sites as well.
Sports Betting Markets
Bovada offers betting action on every sport in Tennessee, the US, and worldwide. So, besides betting on the NBA, MLB, NHL, and NFL, you will find odds on England’s Premier League, Italy’s Serie A, Spain’s La Liga, and more.
Click ‘All Sports (A-Z)‘ to find every US event the site offers alphabetically.
Bovada offers a variety of deposit methods, including eight options such as Visa, Mastercard, and American Express. For added convenience, the site supports popular cryptocurrencies like Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and MatchPay, which are available for both deposits and withdrawals. In addition, you can also withdraw funds using a wire transfer and check by courier.
Bovada’s exclusive partnership with MatchPay allows them to provide e-wallet banking services in Tennessee. When using cryptocurrencies, you can make deposits with a minimum limit of $10 and a maximum limit of $5,000. Notably, crypto deposits do not incur any fees, providing a cost-effective option. However, it’s important to be aware that credit card deposits on this site are subject to a significant 15.9% fee.
MyBookie is another established online sportsbook brand in Tennessee. It became operational in 2014. The Curacao-licensed site is owned by Duranbah Ltd, which also owns prestigious gambling platforms like XBet and MYBCasino.
MyBookie is renowned for its exciting ongoing contests, which provide a platform for experienced Tennessee bettors to showcase their knowledge and compete for substantial winnings amounting to hundreds of thousands.
Currently, the site offers two captivating contests – MYBRACKET and SQUARES. Simply navigate to the main page and click on the “Contests” tab to discover and participate in these engaging competitions.
MyBookie offers an excellent sign-up bonus – 50% up to $1,000. The minimum deposit to get this promotion is $50. This bonus has a 10x rollover, and you must clear the bonus terms in 30 days.
Use promo code MYB50 to activate this one-time bonus.
Other initial deposit bonuses at this site include a 150% Casino Bonus up to $750 and a 10% Cash Bonus up to $200. MyBookie also offers some decent promos for existing players, such as a 25% Sports Reload up to $1,000.
Sports Betting Markets
MyBookie offers odds on every professional and college sporting event in Tennessee. You can bet on the big four, NCAA college games, esports, and US politics. You will also find odds on Aussie Rules, CFL, and WNBA on this site.
At MyBookie Sportsbook, you have a wide range of 13 deposit methods to choose from. These include popular credit cards such as Visa, Mastercard, and American Express, as well as convenient options like MoneyGram and 10 different cryptocurrencies. For withdrawals, you can use Bitcoin, wire transfer, and e-check.
The minimum deposit amount at MyBookie is $20, providing flexibility for bettors. When it comes to fees, there is a moderate 4.9% fee for Mastercard deposits and a 6% fee for Visa deposits. However, it’s worth noting that deposits made with cryptocurrencies are completely free of charge, offering a cost-effective alternative.
Many top Tennessee sportsbooks offer enticing risk-free bet promotions, allowing you to receive a refund for your initial wager if it happens to be a loss. For instance, at BetUS, you can take advantage of their risk-free bet, also known as a No-Lose Bet. With this promotion, your first qualifying real money bet is covered up to $500. In the event that you lose your first qualifying bet, the site will credit back the risk amount in the form of bonus bets, ensuring you have another chance to win.
A deposit match bonus is where a Tennessee sportsbook matches a percentage of your initial deposit and awards it as a bonus bet. For example, BetUS Sportsbook’s 100% deposit match up to $2,500 will get you an additional $2,500 in bonus bets.
An odds boost is a special feature offered by Tennessee sportsbooks that enhances the potential payouts for specific bet types and games. For instance, BetOnline’s Odds Boosters can provide you with boosted odds of +800 on the Atlanta Braves winning the World Series. Without the odds boost, the same futures event would have had odds of +500.
Parlay insurance is a beneficial feature that provides a refund if you lose a parlay bet by only one selection. In a typical parlay, you need to win all of your selections (or legs) for the bet to be successful. However, it is important to note that currently, none of our recommended top Tennessee sports betting sites offer parlay insurance.
All the leading Tennessee sportsbooks offer a referral bonus. You will get rewarded for referring your friends to your site. For example, BetUS offers a 300% Referral Bonus up to $6,000. So refer your friends to this site and get rewarded once they make their first three deposits.
Yes, Tennessee sports betting is exclusively available online. There are no physical sportsbooks in the state. Tennessee made history by becoming the first in the nation to launch an online-only sports betting industry in November 2020.
Initially, four applications played a pivotal role in kickstarting Tennessee’s online sports betting market. Since then, the state’s mobile betting market has expanded to include 11 active mobile betting applications. Additionally, Fanatics Sportsbook, the 12th app, has expanded its beta testing program in Tennessee, further diversifying the options available to bettors in the Volunteer State.
Tennessee sports betting rules and regulations went into place in 2020, a year after the legalization. The state allows unlimited online licenses. Anyone willing to pay the $750,000 per year can apply for a Tennessee sports betting license.
Here are some key features of House Bill 1 (Tennessee Sports Gaming Act):
In April 2019, the Tennessee General Assembly made history by becoming the first state to pass legislation for an online-only sports betting industry. The bill, known as House Bill 1 (a substitute for Senate Bill 16), aimed to regulate online wagering exclusively through the internet and mobile sites, without any provision for retail wagering.
On April 30, 2019, the state’s Senate approved the bill by a vote of 19-12, just six days after it cleared the House by a vote of 58-37. The bill underwent some amendments in the Senate, leading to its return to the House for concurrence. Following the House’s concurrence by a vote of 51-40, the bill was sent to the governor’s desk for his signature.
On May 24, 2019, the legislation was returned without Gov. Lee’s signature, as he expressed his opposition to any gambling expansion in Tennessee. Nevertheless, he allowed the bill to pass into law. The legislation officially became law on July 1, 2019.
However, it took the Tennessee Education Lottery Corporation nine months to approve the final set of sports betting rules, which happened in April 2020. Nearly six months later, on November 1, 2020, the state’s first online sportsbooks were allowed to go live. BetMGM, DraftKings Sportsbook, FanDuel, and Tennessee Action 24/7 became the first operators to accept sports bets in Tennessee on the launch day.
The legislation was introduced by Rep. Rick Staples and Sen. Steve Dickerson as House Bill 1 and Senate Bill 16, respectively, to establish legal sports wagering in Tennessee.
Tennessee’s online sports betting faced opposition from lawmakers in both the House and Senate. The proposed legislation, HB1, encountered resistance in the House State Committee, while the Senate Government Operations Committee delayed taking action.
Initially, the proposal aimed to regulate both retail and online sports betting. However, Rep. Rick Staples, the bill’s sponsor, amended the language to remove the provision for retail wagering.
Staples argued that residents from neighboring states without legal sports wagering, such as Kentucky, Arkansas, Alabama, and Georgia, would cross the border to place legal sports bets in Tennessee. Since then, Arkansas and Kentucky have legalized sports betting.
One of the key lawmakers expressing concerns about Staples’ bill was Rep. Jason Powell. Powell attempted to introduce several amendments to the legislation, such as allowing major cities in the state to hold referendums on permitting brick-and-mortar sports betting venues, reducing the licensing fee from $750,000 to $75,000, and prohibiting wagering on Sundays. While these amendments did not become part of the bill, they garnered enough support to defer action on the legislation for another week.
Rep. Johnny Shaw also voiced concerns, highlighting potential risks associated with young athletes falling victim to game-fixing. He expressed moral concerns about gambling, stating, ‘I think we’re moving down the wrong path when we start legalizing gambling online… folks are going to be sitting up in church on Sunday, and everywhere else they’re going to be playing.’
Additionally, Rep. David Hawk stated that the sentiments of his district prevented him from voting in favor of Tennessee sports betting legislation.
During the legislative process, Governor Bill Lee expressed opposition to online sports betting. Following the passage of HB 1 in the House, Rep. Jerry Sexton urged the governor to veto the bill.
House Speaker Glen Casada, on the other hand, believed that the governor would not veto the legislation if it cleared the Senate. Casada pointed out the significant number of Tennesseans using unregulated online betting sites, emphasizing the need for regulation and oversight.
Sexton, however, argued that lawmakers should not involve themselves in the gambling business and stated, ‘If they want to gamble, let them gamble.’
When the bill reached the governor’s desk with close votes in both the GOP-supermajority Senate and House, Governor Lee indicated that he would allow it to become law without his signature.
A day after the bill cleared the Senate, Governor Lee’s spokeswoman, Lain Arnold, stated, ‘The governor has said he does not believe that the expansion of gambling is best, but he recognizes that many in the legislature found this to be an issue they want to explore further.
Using an offshore betting site is completely safe if you do proper research when joining a site in Tennessee. For secure TN online wagering, stick to the top offshore sites we have reviewed above.
These TN betting sites use advanced SSL encryption to secure user data online. Besides, they offer excellent bonuses, competitive odds, and timely withdrawals.
Here is a quick outline of the Tennessee sports betting history:
Tennessee is the first state in the nation to launch an online-only industry in Nov. 2020. There is no retail betting nor a sports betting partner in the state. All the state’s 12 online sports betting applications operate independently and get an untethered license from the state.
Here is the list of all the online sportsbooks operational in the Volunteer State:
All our recommended offshore betting sites are 100% mobile-friendly. These sites can run on any mobile device, especially Android and iOS.
Check out our guide to the top Tennessee betting apps.
All of our top picks for the best Tennessee sportsbooks are fully optimized for Android sports betting. You can easily sign up with any of these sites and place your online sports bets directly in your Android device’s browser.
These sportsbooks do not require any downloads, which is convenient, as their Android browsers are specifically designed for seamless mobile betting. You won’t have to worry about software update requirements interrupting your live betting action on your favorite sports.
iOS users in Tennessee will also find an excellent mobile betting experience using our offshore sites. You can place online bets directly on your iPhone or iPad’s browser to place a quick sports bet on Tennessee Titans, Memphis Grizzlies, or any team or league in the state, nation, or worldwide.
Many experienced bettors in Tennessee prefer offshore betting for several reasons:
You can place a wide range of bet types in Tennessee. Before you start wagering on the top Tennessee betting sites, it is important to know all the major types of wagers you can place in Volunteer State.
A moneyline bet is a straightforward wager on the outcome of an event. Let’s take an NFL game between the Tennessee Titans (+150) and the Jacksonville Jaguars (-200) as an example. The minus (-) odds represent the favored team, while the plus (+) odds represent the underdog.
In this scenario, if you bet $100 on the Titans (the underdog) and they win the game, you would receive a payout of $150. On the other hand, if you bet $200 on the Jaguars (the favorite) and they win, you would receive a payout of $100.
A parlay is a combination of different bets on a single ticket. You must win all your selections (single wagers) to cash your parlay. It is harder than a single wager like moneyline, but it is more rewarding if you win your parlay.
Let’s take an example with a 3-team parlay on the moneyline:
If you put a $100 parlay on these three teams, and all your selections win their respective games, it will cash you around $132. (Every win and the original stake will roll over to the next bet and become the risk until the Ravens win their game.)
The total, also known as the over/under, is a type of bet where you predict whether the combined score of both teams in an event will be higher (over) or lower (under) than the total set by the oddsmaker.
Let’s consider a game between the Titans and Vikings, with a total set at 50.5 by your sportsbook. If you believe it will be a high-scoring game and the final score turns out to be 61 or any other score above 50.5, your over bet would be successful and you would win your wager.
However, if the final score is below 50.5, such as 45, your over bet would be unsuccessful, resulting in a loss. It is important to note that the final score must exceed or fall short of the total by at least half a point to determine the outcome of an over/under bet.
Points spread is a type of bet that allows bettors to wager on the margin of victory or loss for a particular team in a given game. The oddsmakers assign a point spread to each team based on their perceived strength, with the underdog receiving points and the favorite giving points.
For example, if a team is listed as +3, it means that they are considered the underdog and are given a 3-point advantage. If you bet on this team and they win the game or lose by less than 3 points, you win the bet. Conversely, if a team is listed as -3, they are the favorite and must win by more than 3 points for you to win your bet. If they win by exactly 3 points, the bet is considered a push, and you get your money back.
In a futures bet, you bet on the outcome of an event that may finish weeks, months, or years in the future. For example, betting on who will win the 2023 MLB World Series. BetUS offers MLB World Series odds. You can pick Atlanta Braves, the favorite to win the series, or any other MLB team and wait until the event concludes in Nov. 2023.
Prop bets are those in-game bets that may not necessarily be linked to the final outcome. Instead, bettors place wagers on a team or player to accomplish something in a game. For example, you can bet on which team will score first in a game or which player will score the first touchdown, goal, or run.
Live or in-game betting is placing bets on a game or event that is already in progress. It is different from pre-game betting, where you have to pick among the fixed odds before the game starts. In live betting, you can see the odds change in real time as the game progresses. For example, if the Titans fall behind early but you believe they will mount a comeback, you might get very attractive odds for that bet during the game.
Prohibited bets are those markets not allowed by the law. For example, Tennessee gambling laws don’t allow bettors to place props or live bets on college sporting events. You can enjoy prop and live betting on college events using the top offshore sites we have recommended.
The Tennessee Titans, a member of the American Football Conference South division, are based in Nashville. Previously known as the Houston Oilers, the team relocated to Nashville in 1997. Since 1999, they have played their home games at Nissan Stadium.
When it comes to betting on Tennessee Titans games, Bovada is a top NFL betting site that offers a wide range of betting options. You can find competitive odds on game lines, props, and futures for the professional football league. Additionally, Bovada provides various promotions, reliable customer service, and secure banking options.
Although you can bet on any professional and college team nationwide, most Tennessee sports bettors love to identify with their home teams. Here are all leagues and sports you can bet on in Tennessee.
The Memphis Grizzlies, a member of the Western Conference Southwest Division, compete in the NBA. Originally established as the Vancouver Grizzlies in 1995, the team relocated to Memphis after the 2000-01 season.
Having made the playoffs seven times in the last decade, the Grizzlies achieved a notable milestone by reaching the Western Conference Finals in 2013. Their home games are held at FedEx Forum in Memphis.
For the latest Grizzlies odds and lines, BetOnline is a reliable option. This top-class NBA betting site promptly releases professional basketball betting lines for every game. New Tennessee sports bettors will also enjoy numerous bonuses and promotions upon joining BetOnline. It’s an excellent choice for NBA enthusiasts.
Despite several attempts, Nashville has never had an MLB team. The nearest teams you can cheer for are the neighboring Atlanta Braves and St. Louis Cardinals.
BetUS offers the latest MLB odds and betting lines. You can place your bets on your favorite teams. Each of the 30 MLB teams plays 162 games over six months in a regular season. New bettors will get a head start of up to a $2,500 welcome bonus to start MLB betting in Tennessee.
The Nashville Predators, an NHL expansion team established in 1998, have been playing their home games at Bridgestone Arena. Competing as a member of the Central Division in the Western Conference, the Predators have established themselves as a prominent hockey team.
In 2004, the Predators made their first appearance in the playoffs, and in 2017, they reached the Stanley Cup Finals for the first time, ultimately losing to the Pittsburgh Penguins in a six-game series. The following season, Nashville accomplished a significant feat by winning their first President’s Trophy, awarded to the team with the best overall regular-season record.
For NHL betting enthusiasts, BetUS Sportsbook offers a wide range of options. From moneylines to props, totals, and futures, the site provides a diverse selection of hockey markets to choose from. Additionally, BetUS offers a competitive welcome promotion deal, making it an attractive option for NHL bettors to place their bets on their favorite teams and players.
Nashville Soccer Club, an MLS team, commenced its inaugural regular season in February 2020, facing off against Atlanta United FC. Presently, Nashville SC shares Nissan Stadium with the Tennessee Titans, providing a vibrant atmosphere for soccer enthusiasts.
When it comes to MLS betting, Bovada stands out as one of the premier sportsbooks. The site offers early-released soccer odds and lines, allowing you to bet on Nashville SC or any other favorite soccer club in the MLS. Bovada also provides live odds, keeping you engaged in the game as it unfolds.
Joining Bovada opens up the opportunity for anonymous betting in Tennessee by making crypto deposits. As an added incentive, the site offers up to $750 in crypto bonus specifically for betting on MLS in Tennessee, enhancing the excitement of wagering on your favorite MLS teams.
Tennessee boasts a rich basketball culture, housing renowned programs such as the Tennessee Volunteers, Vanderbilt Commodores, Memphis Tigers, and Belmont Bruins.
The Tennessee Volunteers, who have earned the No. 2 seed in the March Madness tournament three times in the last 15 years, continue to pursue their first appearance in the Final Four.
The Vanderbilt Commodores have participated in 15 NCAA tournaments and reached the Sweet Sixteen on six occasions but have yet to secure a spot in the Final Four.
The Memphis Tigers have a strong tournament record, having reached the Sweet Sixteen 11 times and the Final Four three times, with their most recent appearance in 2008.
The Belmont Bruins have enjoyed tremendous success in their conference, claiming the championship in 12 of the past 16 seasons. They have made eight appearances in the NCAA Tournament in the 21st century.
For the latest odds and lines on college basketball, including your favorite teams from Tennessee, BetOnline is the go-to sportsbook. The site offers competitive NCAAB betting odds and presents a variety of promotions and ongoing contests specifically tailored for March Madness betting enthusiasts.
While Canadian Football League (CFL) betting is not as widely popular in Tennessee as other sports, there are options available for those interested in placing wagers on the CFL. Bovada is a recommended choice for CFL betting, offering a comprehensive selection of betting markets for the entire 2023 CFL season, from preseason week to the Grey Cup, which serves as the championship game of the CFL.
At Bovada, you can find various bet types such as moneylines, point spreads, totals, and live betting options for each CFL game. Additionally, the site provides CFL futures betting with competitive odds.
The basketball punters in Tennessee can still enjoy basketball betting after the March Madness and NBA seasons have ended. The WNBA season takes place during the summer months, providing ample opportunities for wagering.
If you’re looking for the best WNBA betting site in Tennessee, look no further than BetOnline. The site releases early odds and lines for WNBA games and is among the fastest sites to update their WNBA odds. An attractive welcome bonus of up to $1,000 is also available for basketball bettors in Tennessee.
Tennessee Volunteers, the Commodores, and Memphis Tigers are among Tennessee’s most prestigious college football teams.
The Volunteers boast six national championships, with the most recent coming in 1998. The Commodores have made nine bowl appearances, with five of them occurring in the past decade. They have two unclaimed national titles from 1921 and 1922.
The Memphis Tigers have won eight conference titles, most recently in 2019. They have appeared in 13 bowl games and have won five of them.
Bet on your favorite college football team at Bovada. The site features the best college football odds on props, game lines, and futures for NCAAF betting. Tennessee bettors will find exciting promotions to kickstart their college football betting experience. You can conveniently make deposits using cryptocurrencies or credit cards.
Among the new Tennessee online sportsbooks, XBet is the most considerable. This Curacao-licensed site began digital operations in 2013. Although it includes all the major leagues and college events, we have ranked it for its live betting and unique betting options, such as religion and weather.
When choosing the best Tennessee betting site, consider the following points:
Reviews: Read comprehensive reviews of the sportsbook you’re considering joining. Websites like LetsGambleUSA provide detailed reviews of major offshore sportsbooks operating in Tennessee. Additionally, check customer reviews to gather more information.
Licensing Information: Ensure that the sportsbook you choose is licensed and regulated. Look for recognized jurisdictions such as the Panama Gambling Authority and Curacao eGaming Authority, as they indicate a safe and trustworthy site.
Promotions: Compare bonuses and promotions offered by different sportsbooks. For example, BetUS provides an enticing promotion package, including a 100% up to $2,500 sports welcome bonus.
Accessibility: Opt for sportsbooks that are accessible 24/7 and offer a seamless experience across all devices, including Android and iOS. Ensure the site is fully mobile-friendly.
Betting Markets: Choose a sportsbook that covers a wide range of betting markets. While most sites offer odds on professional and college sports, top-tier offshore sites like BetOnline and Bovada provide additional markets such as college props and live betting on college athletes.
Odds Pricing: Compare the odds offered by different sportsbooks to find the best value. Look for better odds pricing on the same events or teams. For example, if sportsbook A offers +160 (bet $100 to win $160) moneyline odds on the Tennessee Titans, it provides better odds pricing than sportsbook B offering +150 (bet $100 to win $150) on the same team.
Deposit and Withdrawal Methods: Check if the sportsbook offers flexible banking options that suit your preferences. Ensure they support your preferred deposit and withdrawal methods. BetOnline, for instance, offers a wide range of options, including 27 deposit and 22 withdrawal methods.
Customer Support: A reliable sportsbook should have efficient customer support available through email, phone, and live chat. Prompt and responsive customer support is crucial in case you encounter any issues or have questions.
According to the Tennessee Sports Wagering Advisory Council’s March 2023 report, Tennessee’s sports betting industry has experienced a staggering 92% increase in revenue year-over-year. In March 2023 alone, Tennessee’s sports betting operators generated $43.7 million in revenue from a total monthly handle of $392.7 million. The state also collected $8.8 million in tax receipts from the industry during that period.
Since the industry’s launch in November 2020, Tennessee sports betting operators have generated over $766 million in gross gaming revenue (GGR) from lifetime bets totaling more than $8 billion. The state has collected more than $135.4 million in tax revenue from the industry to date. These numbers are expected to continue to grow as more sports betting operators enter the market, and sports betting becomes more widely accepted in Tennessee.
Tennessee levies a 20% tax rate on operators’ GGR. However, state lawmakers have approved a first-of-its-kind bill to impose a 1.85% tax on sports betting handle rather than revenue. The bill – SB 472 – is currently lying on Gov. Bill Lee’s desk for signature.
All these banking methods are available on our recommended Tennessee betting sites:
Visa, Mastercard, American Express, and Discover Card are available to deposit your betting account. Bovada and BetUS allow the first three, while MyBookie includes Visa and Mastercard.
BetOnline allows all four credit and debit cards. You can deposit as low as $25 and up to $5,000 with credit cards. The site charges a 9.75% fee on credit card deposits.
Top Tennessee sites offer Bitcoin and dozens of cryptocurrencies as banking options. However, with 18 crypto deposits and withdrawals, BetOnline is the best crypto sportsbook in Tennessee.
The site has a minimum deposit limit of $20 on all cryptos, and you can deposit up to $500,000 using Bitcoin. All the other 17 altcoins have a maximum deposit limit of $100,000.
All crypto deposits are absolutely free.
Most leading TN offshore sites include wire transfers as deposits or withdrawals. However, only BetOnline and Sportsbetting.ag allow wire transfers for deposits and withdrawals both.
BetOnline allows a minimum deposit of $500, and you can deposit up to $10,000 using this method. The site charges a fee on wire transfer withdrawals, ranging between a flat $45 fee and 3% of the total payout amount.
Bovada is the sole Tennessee sportsbook on our list that offers e-wallet banking options. To utilize this feature, you’ll need to create a MatchPay account, which will facilitate your e-wallet payments. By linking your MatchPay account to popular e-wallets such as PayPal, Apple Pay, CashApp, Chime, Venmo, and Zelle, you can conveniently process your transactions.
With MatchPay, deposits are free, and you can make a minimum deposit of $20, up to a maximum of $1,000, using this method. It provides a convenient and secure way to fund your betting account with the supported e-wallets, allowing for seamless transactions and ease of use.
Tennessee is bordered by eight states, including five sports betting states – Kentucky, Virginia, North Carolina, Mississippi, and Arkansas. Alabama, Georgia, and Missouri don’t have legal sports betting.
Kentucky is the latest to legalize sports betting, with Gov. Andy Beshear signing the legislation on March 31. However, the legal KY sports betting applications will go live by Dec. 28.
Virginia also followed Tennessee’s example by launching its online-only market in Jan. 2021. However, unlike Tennessee, Virginia has plans to build casinos and subsequent retail betting venues.
Between Jan. 2021 and Feb. 2023, the VA sportsbooks have generated over $856.6 million in GGR from more than $9 billion in the handle. The state has raised slightly over $83 million in sports wagering receipts.
North Carolina law allows retail sports betting at three tribal casinos. A new bill, HB 347, is underway to legalize NC online sports betting.
Sports betting has been legal in Mississippi since Aug. 2018. However, residents must visit one of the 28 physical sportsbooks to place sports bets in the state. Between Aug. 2018 and Feb. 2023, the Mississippi sportsbooks generated over $238.3 million from the lifetime betting handle of over $2.1 billion. It led the state to collect $$28.6 million from legal wagering.
Arkansas legalized retail sports betting in Nov. 2018, and online sports gambling launched in April 2022. The state’s three casinos, which offered legal retail wagering, were granted mobile licenses in 2022.
Between July 2019 and March 2023, the Arkansas sportsbooks generated nearly $41 million in sportsbook revenue from a total sports betting handle of more than $396.3 million. In addition, the state has collected roughly $5.8 million in taxes.
You can check out all the USA gambling laws by state in our dedicated guide.
Yes. Tennessee online sports betting has been legal and available since Nov. 1, 2020. While four mobile applications began operations on the launch day, the industry has grown to 12 mobile applications.
Unfortunately, none of the top TN sportsbooks on our list currently offer any no-deposit bonus. A no deposit is when a sportsbook gives new customers some free bets just for joining the site.
Tennessee lawmakers passed an online sports betting bill – HB 1 – on April 30, 2019. It became law when the legislation was returned without Gov. Lee’s signature on May 24, 2019.
Yes. Leading offshore sportsbooks like BetOnline and BetUS accept Tennessee residents aged 18 and above to participate in online sports betting. You can place a sports bet on live college props and individual college athletes, in addition to betting on professional sports and leagues.
Yes. You can play daily fantasy sports in Tennessee, as it has been legal since 2016. Popular DFS platforms like FanDuel, DraftKings, and Yahoo are currently accepting Tennessee players to participate in DFS contests.
BetUS Sportsbook is a licensed operator in Tennessee. It is approved by the Curacao eGaming Authority to run US-facing businesses.
DraftKings sportsbook is legal in Tennessee and was one of the four applications that kickstarted Tennessee online sports betting on Nov. 1, 2020. The Boston-based operator is also running DFS operations in the Volunteer State.
Tennessee is one of 45 states where Bovada exists as a legit online sportsbook. This Canada-based site is licensed by the Curacao government.
BetOnline has been accepting Tennessee bettors since 2001 when it began digital operations. This online gambling giant has an operating license from the Panama Gaming Authority.
FanDuel is legal in Tennessee both as a sportsbook and a DFS operator. The New York-based operator was also one of the four applications that became operational on the launch day.
MyBookie Sportsbook is a licensed operator accepting Tennessee players since 2014. Curacao licenses the offshore site to run US-wide businesses.
Anyone above 21 can place a legal sports wager in Tennessee. However, the top offshore TN sites accept Tennessee residents aged above 18 to bet on sports online.
The Sports Wagering Advisory Council (SWAC) regulates online sports betting in Tennessee. The council took over the job on Jan. 1, 2022, following a law change in 2021. Before that, the Tennessee Education Lottery was responsible for regulating TN sports betting.
Tennessee has yet to regulate online casino gaming. However, we have reviewed the top Tennessee online casinos for real money. You can check them out if you want to play thousands of casino games from the comfort of your home in Volunteer State.
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