Online Sportsbooks in
The Volunteer State is now online and accepting bets!
The Volunteer State is now online and accepting bets!
Online sports betting legal in Tennessee
|Owner: Flutter Entertainment (previously Paddy Power Betfair)||Headquarters: New York City|
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:
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:
William Hill is one of the oldest sports betting companies in the world. It is based in London, UK and it is listed on the London Stock Exchange. William Hill launched its first retail outlet in the US in 2013.
It is now open for business in a number of states. However, it is online in the following:
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:
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.
The decision surprised the sports betting industry, not only because it would make the state the first southern state to legalize online sports betting but also because there are no legal physical sports betting establishments in the state.
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.
Legal sports betting is a relatively new arrival to Tennessee, so it's likely that you have a few questions. Here are some of our readers most common queries.
You must be 21 years or older to place a wager in Tennessee.
As it currently stands, you can only bet online - there are not physical casinos or sportsbooks - you will therefore need to provide a scan or copy of your ID.
Yes, there are a number of legal and licensed online sportsbooks in the state of Tennessee.
Yes, all the major online sportsbooks now accept PayPal in the state of Tennessee, both as a deposit and withdrawal method.
PointsBet is not yet licensed in the state of Tennessee.
It is legal to download the PointsBet app in Tennessee. However, to wager, deposit or withdraw cash with PointsBet you must be within a state where the online sportsbook is licensed. These states include New Jersey, Michigan, Pennsylvania, Indiana, Iowa, Illinois and Colorado.
Tennessee was the first state to launch sports betting only online.
Every other state that has legalized online sports betting has required new sportsbooks to partner with an existing casino.
However, 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.
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, the difference will be negligible for those placing small to mid-sized bets. If you are wagering thousands of dollars then you may notice that your winnings will be impacted by the hold requirement in comparison to other states.
Since the state of Tennessee never had any physical, bricks and mortar casinos, racetracks or sportsbooks everything has been designed from scratch with mobile wagering in mind.
This means that there are no frustrating in-person sign-up regulations that exist in some states like Nevada and Illinois.
All you need to do is follow the following steps.
Remember you will need a valid social security number and cell phone number in order to sign-up with a Tennessee sportsbook.
Online sports betting is still relatively new to the state of Tennessee, so it is an incredibly competitive market - with the few online sportsbooks licensed in the state doing everything to pick up new customers.
This means that there are two things working in your favour. First, you can find some of the best welcome bonuses in the country. Secondly, and most importantly, you can find some very high-value odds.
The reason for these two benefits is that online sportsbooks are eager to pick up as many customers as possible during these early phases of the legal sports betting market. In short - if a sportsbook offers a better welcome offer and odds than their competitors then they are more likely to get you as a customer, and as statistics show, once a customer is used to a certain sportsbook they usually remain loyal customer.
Fortunately, although there are not that many online sportsbooks to chose from in the state, there are some excellent alternatives to choose from.
FanDuel and DraftKings are both the two largest and most popular online sportsbooks in the country. BetMGM is the third most popular sportsbook and William Hill is one of the oldest and most trusted sportsbooks in the world. In short - you can't go too wrong!
However, all these sportsbooks have their strengths and their weaknesses and when it comes to moneylines we have found that there is one sportsbook that offers, on average, consistently higher value odds than its competitors.
FanDuel is currently the most popular online sportsbook in the state of Tennessee and for good reason.
FanDuel consistently offers the best odds for moneyline wagers in a number of different categories. Of course, they do not always offer the best odds for every event, but on average we find them to be the best performer in this category.
Football remains the most popular sport in the state. It is also the sport for which FanDuel offers the best value moneylines.
FanDuel shares this accolade with its main rival, DraftKings. The two sportsbook giants offer moneylines for the largest number of events.
If there was ever a time to sign-up to a Tennessean online sportsbook, it would be now.
It is a young market with huge potential and so sportsbooks are throwing all their weight behind marketing campaigns that will attract new customers.
One of the most popular campaigns is welcome bonuses. These are promotions you collect, almost always in the form of free bets, when you sign up and make your first deposit with an online sportsbook.
These welcome bonuses come in three main categories:
Deposit Bonus → This type of bonus means that you will be provided with free bets equal to the same value as your first deposit. You will be provided with a minimum and maximum amount you can wager when you sign-up.
Risk-Free Bonus → This bonus works as a form of insurance on your first wager. If you win your first wager then nothing will happen, but if you lose your wager then your original stake will be refunded to you in the form of a free bet.
No Deposit Bonus → This is the holy grail of bonuses and are incredibly rare. They are effectively free bets that you receive on signing up to a sportsbook. the difference between this form of bonus and others is that you do not need to put down any of your own money to receive them. It's equitable to walking into a store and being handed some vouchers for signing up for their loyalty program.
FanDuel's welcome offer simply offers the largest amount of risk-free bets compared to its competitors.
DraftKings technically offers a similar amount, but their terms and conditions include an unrealistic turnover requirement.
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:
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.