Online Sportsbooks in
Tennessee
The Volunteer State is now online and accepting bets!
Online Sportsbooks in
Online sports betting legal in Tennessee
Best online sportsbooks in TN
DraftKings Sportsbook
- Easy-to-use mobile app
- Lots of payment options
- Wide variety of bets
- Misleading welcome bonus
Summary
Author: Nils Edmondson 
DraftKings is the largest fantasy sports operator in the US. Since 2018, they have established themselves as one of the country's most successful online sportsbooks. According to BettingScanner's 2020 survey, DraftKings can boast the country's highest brand awareness at 44%.
Draftkings sportsbook is operational in the following states:
- New Jersey
- Indiana
- Pennsylvania
- New Hampshire
- Iowa
- West Virginia
- Illinois
FanDuel Sportsbook
- Tried and tested brand
- Excellent mobile betting
- Lots of deposit options
- Less withdrawal options
Summary
Author: Nils Edmondson
The New York-based company began life as a daily fantasy sports provider but now can claim to be the country's most popular sportsbook. According to BettingScanner, it enjoys the second highest brand awareness rate in the US (41%).
Fanduel Sportsbook is operational in the following states:
- New Jersey
- Pennsylvania
- West Virginia
- Nevada
- Indiana
- Iowa
- Illinois
- Tennessee
- Michigan
- Colorado
- Virginia
BetMGM Sportsbook
- Wide selection of bets
- Official NFL provider
- Easy to use App
- In-game betting could be improved
Summary
Author: Nils Edmondson
PlayMGM and BetMGM are owned by MGM Resorts International. The sportsbook is branded as PlayMGM in Nevada and BetMGM in New Jersey and West Virginia.
The iconic brand's transition into the online sports betting world has been seamless. Its NJ sports betting app is one of the most highly rated in the state.
BetMGM sportsbook is operational in:
- New Jersey
- West Virginia
- Nevada (PlayMGM)
Online Sport Betting in Tennessee
In late 2019 Tennessee announced that it was going to legalize sports betting in the state, becoming the twelfth state in the US to do so.
What was unusual about this decision was that the state currently has no physical gambling establishments.
This means that, unlike in every other state which has legalised sports betting, online sportsbooks would be allowed to set up in the state without partnering with an existing casino.
In October 2020 the state finally pushed through legislation that allowed online sports betting. Then in November 2020, in time for the NFL season, FanDuel, DraftKings and BetMGM all launched products in the state.
BETTING IN TN - WHAT YOU CAN AND CAN'T DO
Bet on sports online ✅
Online sign-up ✅
Deposit & withdraw funds with a sportsbook online ✅
Bet on collegiate teams or collegiate games ❌
Bet on high/school sports ❌
FAQS online sports betting Tennessee
Betting is new to the state of Tennessee, so things might not be crystal clear. Here are some of your most frequently asked questions.
⚖️ Is sports betting legal in Tennessee?
Yes, sports betting is legal now in Tennessee. These sportsbooks are currently operational in the state:
👍 Are there any online sportsbooks in Tennessee?
Yes. There a few licensed online sportsbooks in the state as of November 2020.
They are:
Is Fanduel active in Tennessee?
Yes, FanDuel Tennessee are now licensed and operational in the state.
Is DraftKings active in Tennessee?
Yes. The sportsbook DraftKings Tennessee launched their online product in the state on November 1st 2020.
Online sports betting in Tennessee
Tennessee was the first state to launch sports betting only online.
Almost every other state that has launched online sports betting has required new sportsbooks to partner with an existing casino.
However, the Tennessee did not have any existing casinos to partner with, so the state had to create entirely new legislation.
The state has opted to make this legislation as easy as possible for the customer, doing away with many of the requirements, such as in-person sign-ups, that exist in other states such as Nevada.
What are the rules for customers?
- Mobile wagering only
- In-state bets only
- 21+ age restriction
- 10% hold (payouts capped at 90%)
- College bets allowed (in-game restricted)
There is one thing that customers should really be made aware of and that is the 10% hold requirement. This effectively means that sportsbooks are required to hold 10% of the money accepted in wagers.
A holding requirement is a normal regulation to ensure a sportsbooks financial liquidity. However, Tennessee's rate is about 5% higher than other states. This means that sportsbooks will have to push some of this cost onto bettors. However, you will need to be betting huge amounts to really notice much of a difference.
What are the rules for sportsbooks?
- $800,000 annual license fee (of which ($50,000 is an application fee)
- 20% tax rate for sportsbooks
- All sportsbooks must be licensed with the Tennessee lottery Corporation
Sports teams in Tennessee
For a state with a population of less than seven million the state does pretty well when it comes to professional sports.
The state currently has three teams playing in the pro leagues:
Memphis Grizzlies (NBA)
Nashville Predators (NHL)
Tennessee Titans (NFL)
As we have seen in other states, sportsbooks will look to sponsor local teams. Due to the conservative nature of the state, we are not sure how this will play out, but the lure of big bucks may prove too much for the local sports teams.
The fact that there are three pro teams in the state will mean that there will be a high level of interest in mobile betting. In-play betting has proven hugely popular in the US since mobile betting was introduced and there is no better time to bet live than watching your local team.
Tennesseeans will be able to place in-play bets on their pro teams but not on college sports.
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