Tennessee Sports Betting
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Tennessee legalized sports betting in May 2019, officially launching the state’s industry on Nov. 1, 2020. What originally began as four sportsbooks has now expanded into nine online operators available to take your bets. And even more are on the way as the year progresses. Tennesseans now have the chance to wager on the Tennessee Titans, Tennessee Vols, Memphis Grizzlies, Nashville Predators, Nashville SC, Vanderbilt Commodores, Memphis Tigers and much, much more. And the most exciting part? They can do so from absolutely anywhere within the great Volunteer State.
Here’s more on Tennessee’s latest legal betting news and updates. Best of all, we’ve got exclusive bonus offers for you to take advantage of as a new Tennessee sports bettor.
Best Tennessee Online Sports Betting Sites
TN Gaming Industry News
Regional Gaming News
TN Sports Betting Sites
Here’s a look at the online sportsbooks currently live in Tennessee:
- FanDuel Sportsbook: FanDuel Sportsbook was among the first four books to launch on Nov. 1, 2020 and continues to be one of the most popular operators in Tennessee.
- DraftKings Sportsbook: Originally known for its daily fantasy platform, DraftKings Sportsbook Tennessee began offering sports betting to Tennessee players on launch day.
- BetMGM Sportsbook: BetMGM TN debuted alongside DraftKings and FanDuel on opening day, officially becoming the first sports betting partner of the Tennessee Titans.
- Action 24/7: Action 24/7 became the fourth sportsbook to launch in Tennessee. Although it was suspended by the TEL in Mach 2021, the sportsbook received and injunction from a Tennessee judge and is now back online.
- Caesars Sportsbook: Caesars Sportsbook Tennessee launched in August 2021, bringing with it the company’s beloved Caesars Rewards program. The Caesars casino brand is well-known throughout the US, and the company recently became an official sports betting partner of the NFL.
- WynnBET: The digital gaming division of Wynn Resorts, WynnBET arrived in Tennessee in April 2021.
- Barstool Sportsbook: Penn National Gaming received an operator license for its sports gaming brand on Aug. 29, 2021. Barstool Sportsbook officially launched in Tennessee on Sept. 8 — just in time for the start of NFL season.
- Wagr: This social sports betting app is a new Tennessee offering for 2022. As the first sportsbook of its kind in the US, the app currently offers point spread betting exclusively.
- SuperBook Sports: This “World’s Largest Sportsbook” launched in TN in April 2022, becoming the state’s ninth live operator.
Future Tennessee sportsbooks
- Fubo Gaming: (approved on Feb. 11, 2022, launch date TBA)
- BallyBet: (approved March 10, launch unknown)
- Betly.com: owned by Gamewise, a joint venture between Delaware North and GAMING1 (approved March 10, launch unknown)
- ZenSports: A Peer 2 Peer platform currently operating a traditional book in Nevada
- BetRivers Sportsbook: This online sportsbook’s parent company, Rush Street Entertainment, currently operates casinos in Pennsylvania, New York and Illinois. A Tennessee launch for BetRivers could be the perfect way for Rush Street to expand its brand recognition.
- Fox Bet Sportsbook: Fox Bet currently only operates in New Jersey and Pennsylvania. However, Tennessee’s low fees and alluring regulations certainly increase the possibility that Fox Bet will expand south if given the chance.
Using a TN Sportsbook app or website
Since Tennessee sports betting functions online only, you’re able to access each sportsbook directly from your desktop computer or your phone.
If it’s your first time accessing a book via desktop, your computer will likely ask you to add an extension from GeoComply in order to ensure that you are, in fact, within the Tennessee border. GeoComply is considered the top company when it comes to geolocation technology and works with every regulated market in the United States, so you should feel confident your computer is safe and secure with this installed extension.
How geolocation works & what it means
If you’d rather wager on your phone, you’ll need to download an app. This is because Geocomply’s software cannot accurately geolocate you when you’re using your phone’s browser.
Services like GeoComply use a combination of your IP address, your phone’s internal GPS system, and nearby cell phone towers to determine your precise location.
Since the laws for sports betting limits wagering to within the Tennessee borders, there are systems in place to ensure that no one can spoof locations using things like a VPN. With that in mind, this also means that if you’re trying to access an app while you’re close to the state line, your bet might be denied.
Downloading betting apps on your Android or iPhone
To download an app to your phone, simply search for it within the Apple Store or the Google Play Store like you would any other app. Once the download is complete, you can begin the registration process if you haven’t done so already.
Tennessee Sports Betting Features and Options
Once you have the apps downloaded on your phone, you’ll notice several of them might look and feel fairly similar. Most Tennessee sportsbooks use a simple, three-column setup.
- Left Column: Here, you’ll find a lengthy list of sports, with the in-season pro leagues and live betting options available near the top.
- Middle Column: In the middle column is where the games appear after you select your sport. There are filters to find the exact event you’re looking for, along with links to additional wagers.
- Right Column: On the right side is your bet slip, which is where you store your game and bet selections before finalizing them. You can create single wagers, combine bets into parlays and place your bets here.
Live betting — also known as in-game betting — involves wagering on games that are already underway. It can add to the game’s excitement while you watch. Betting lines automatically adjust as the action unfolds using data supplied directly by the pro leagues.
Cash-out betting is one of the newest features available at Tennessee sportsbooks. This option allows you to redeem a bet early if you so choose. The current results in the game (or games, for parlays) will determine the price you are offered to cash in your bet early.
Tennessee’s ever-growing list of approved sports markets includes motorsports, golf, tennis, soccer and even geo-specific events like rugby, cricket and cycling.
In Tennessee, bettors can make a deposit onto their account using a debit card, PayPal, prepaid card or bank transfer. Credit, however, is not an approved method of deposit.
TN Sports Betting Laws and Regulations
When it comes to sports betting, no other state exists that’s quite like Tennessee.
Its unique status as a state with minimal gambling options means that this is all brand new territory for TN bettors and lawmakers. So far, regulations have not come without their share of concerns from operators and stakeholders alike.
Now that Tennessee’s Sports Wagering Advisory Council (SWAC) has taken over regulatory control, a new set of permanent rules is being finalized and will go into effect later this year. Below are the rules currently outlined when it comes to Tennessee sports betting.
Tax rates and tax dollar allocation
When it comes to the basic elements of Tennessee sports betting laws, these are the important numbers required of sportsbooks:
- $750,000 upfront licensing fee for all operators
- $750,000 annual renewal fee
- 20% tax rate
Compared to other states, this $750,000 licensing fee is on the low side, though the 20% tax rate is on the high side. That’s especially true considering Tennessee is an online-only marketplace.
Here’s how the state distributes the money generated by sports betting taxes and licenses:
- 80% goes into the Lottery for Education account, where Lottery proceeds are also deposited
- 15% goes to the TN General Fund
- 5% goes to mental health and substance abuse programs to support problem gambling initiatives
Moreover, the SWAC is responsible for compiling an annual report detailing how this 5% of sports betting tax dollars is being used to curb problem gambling in the state. That report will then be distributed to the governor as well as the speakers of the senate and house.
This report will include itemized lists of how the money is spent, as well as progress reports on addressing problem gambling issues.
There are some limits on college sports betting
Vols fans and Vanderbilt Commodores backers — be aware that there are some limits on what you can bet on regarding college sports.
Some states ban betting on college games altogether, while others prohibit wagers on state-specific teams and events. Fortunately, Tennessee sportsbooks offer odds on college games. But one thing you will not find is in-play prop betting. In-play betting, which offers updated odds after basically every play, is a popular form of wagering that’s only available for the major leagues in Tennessee.
Additionally, there are no prop bets on individual performances by college athletes, nor are there be any bets related to possible injuries of players.
There are other official league data limits on in-game wagering
If in-game wagering sounds fun to you, be aware there are other limitations as well — though these will impact sportsbooks themselves more than you as a bettor.
Tennessee betting regulations stipulate that any book that offers in-game wagering has to use official data to power those bets. That means sportsbook operators either work with the leagues directly or use an approved data partner like Sportradar to supply data.
Tennessee Sports Betting Timeline
Tennessee sports betting has officially been live for over 18 months, and plenty has taken place to get us to this point. Here is a look at key dates in Tennessee sports betting history:
Superbook Sports made its Tennessee launch in early April. Meanwhile, Twinspires Sportsbook opted not to renew its operator license, which came up for renewal this month.
On Feb. 11, 2022, Fubo Gaming was approved for an operator license in the state. The sportsbook’s official launch date remains unknown.
The new regulatory body for Tennessee sports betting, the Sports Wagering Advisory Council, took over on January 1, 2022. A temporary set of emergency regulations are now in place for sportsbook operators until a new set of permanent rules is created.
Later in January, Tennessee’s first and only social sports betting app, Wagr, made its official launch.
The Tennessee Education Lottery approved sports betting operator licenses for Wagr and Barstool Sportsbook. The latter launched in Tennessee on Sept. 8.
After Caesars completed its acquisition of William Hill, the William Hill sports betting app became the Caesars Sportsbook app in Tennessee. Caesars integrated its famous Caesars Rewards program into the betting product so bettors earn points regardless of if their wager wins or loses.
The Sports Wagering Advisory Council held its first meeting as sports betting begins the transfer of regulatory power from the Tennessee Lottery.
Nationwide revenue reports for January through May revealed that Tennessee produces more tax from sports betting revenue than all but three other states.
Tennessee’s seventh sports betting app, WynnBET, hit the market on April 30 – almost four months after its sportsbook was officially approved in the state.
After months without a launch, Tennessee finally got a new operator on March 11. William Hill became the fifth app to go live in the state.
About a week later on March 19, TwinSpires launched as well, just in time for March Madness. The Tennessee market now has six betting apps to choose from.
Sports betting went live in Tennessee at 12:01 am on Sunday, Nov. 1. DraftKings, FanDuel, BetMGM and Action 24/7 all launched throughout the early hours of the morning, offering countless boosts and promotions.
WynnBet, BetAmerica, and William Hill are the next three operators in line to join Tennessee.
On Oct. 5, the TEL held a meeting and announced they conditionally approved a fourth sportsbook operator, Nashville-based Action 24/7. The sportsbook is currently the only local brand to receive a conditional license.
The TEL also stated three other operators applied for licenses but did not release the operator’s names.
On Sept. 23, the TEL announced that they had conditionally approved the first three sportsbook operators to launch in the state on Nov. 1. DraftKings, FanDuel, and BetMGM were all conditionally approved as sports betting operators.
In the history of Tennessee sports betting, Aug. 18 and 19, 2020 will be remembered as the day we finally started making real progress towards launching the first sports betting apps in the state. After two days of meetings, the TN Lottery announced they had four completed operator applications they were currently vetting. Moreover, they plan to have those apps up and running no later than Nov. 1.
Another interesting development from the meetings was how the lottery would handle sportsbooks that did not maintain the 10% hold requirement. The fine for not meeting the mandate is a mere $25,000, but the board did say that they would consider suspending and even potentially withholding license renewals from egregious violators.
The other thing ironed out regarding the hold mandate is how it would be measured. The group considered daily or weekly accounting, but settled on operators averaging out a 10% hold across a calendar year.
The TN Lottery finally approved something, but it isn’t an operator license application. The group did approve the first four sports betting-related licenses in the state, tapping four vendors for approval. These licenses come at a much lower cost than the $750,000 needed for operators, which might explain why those applications are coming in but operators are still on the sidelines.
Despite the application opening up two months prior, TN Lottery reported at its June meeting that there were still no completed sports betting operator applications. The state had three partial applications, but one of them was reticent to finish the paperwork, triggering the 10-day countdown to pay the full $750,000 licensing fee. TN Lottery denied the operator’s request for an extension.
In mid-April, the Tennessee Lottery Board met and approved finalized regulations that will govern the sports betting industry going forward. Those finalized regulations settled on a 10% hold mandate for all operators, which goes against the recommended 5% of the Advisory Council. Two days later, the Lottery released the paperwork for potential operators to apply as a licensee.
As the town of Nashville started shutting down over COVID-9 concerns, both the Advisory Council and the TN Lottery Board managed to meet and make progress on proposed regulations for the sports betting industry. Around the same time, lawmakers also introduced legislation that could potentially give the Advisory Council more control over the industry. At the time, the bill’s authors expressed concern the TN Lottery Board might be overstepping the power afforded to them by the law.
After a pair of meetings that addressed many concerns about the proposed regulations, lawmakers and other interested parties expressed concerns about the state of the regulations. As a result, the advisory board will meet once again to vote on and discuss the latest draft of regulations.
The 45-day public comment period produces over 300 comments criticizing the first round of proposed TN regulations. The advisory board has roughly a month to come up with a revised draft.
Months passed as the lawmakers tasked with appointing members of the Sports Betting Advisory Council. It is November by the time the 10-person panel is set. Thankfully, they get to work quickly and a first draft of regulations appears shortly before Thanksgiving.
After a month with no action, Gov. Lee returned the bill to the legislature without his signature. While he did not veto it, it passed into law without his approval.
Rep. Rick Staples files a bill in the House to legalize sports betting in Tennessee. Concurrently, a similar bill is introduced in the Senate.
Tennessee Online Gambling FAQ
Sports bettors in Tennessee need to be at least 21 years old in order to wager. Online sportsbooks require your date of birth and a partial Social Security number to verify your age before allowing you to bet.
No, if you are not within Tennessee state lines, you are not allowed to wager on TN betting sites.
However, you do not need to be a Tennessee resident in order to take part in Tennessee online sports betting. Anyone who is at least 21 years old and within state lines is eligible to wager online.
Online sportsbooks utilize geolocation technology to determine whether or not a bettor is within the state. On your computer, sportsbooks and geolocation providers like GeoComply use your IP address and a geolocation plugin to verify your location. Sports betting apps on your phone utilize your phone’s GPS functionality and nearby cell phone towers to determine your location.
Like all income, gambling winnings are subject to taxation and should be reported on your tax return.
Be advised, though — a sportsbook will likely not send you a W-2G gambling tax form from unless you trigger a certain threshold of winnings. For most sites, the amount is $5,000. That’s simply because many sportsbooks already use that number at casinos to trigger tax paperwork for withholding 25% of player winnings.
When it comes to college sports betting, Tennessee bettors are subject to a mixed bag of rules.
You’re able to make traditional spread, moneyline and over/under wagers on collegiate sporting events. You can even create a parlay featuring multiple games. What you aren’t able to do, however, is place in-game college prop bets or any type of prop bet on individual players.