Despite the lack of live gambling and historically restrictive stance, Tennessee was the 3rd state to explicitly legalize daily fantasy sports contests online. The Fantasy Sports Act was signed by governor Bill Haslam in April 2016. The licensing process was ready by the 1st of July that year. While DFS run in most states, this legal clarity was welcomed by both the DFS brands and those who enjoy the contests.
This page covers fantasy sports contests in Tennessee in depth. You’ll find out about the main websites in this space below. In addition, the details of the laws, types of DFS contest you can enter – and some beginner strategy tips are covered.
Fantasy sports is an old concept. In the pre-internet era, groups of friends, colleagues or family would pick athletes (for example in football) at the start of a season. The performances of these players through the season would then decide which line-up won, with these contests often awarding small, informal, prizes. There would also be opportunities to adjust line-ups at designated times.
What daily fantasy sports has done is shorten this type of contest. You still pick line-ups in the major leagues. They still compete against the line-ups picked by others. However, the time period is now between 1 day and 1 week. What is more, you can do it all on websites – allowing you to compete with others from around the country.
Instead of just private leagues, you can compete with others in a variety of ways. The basic distinction is between cash games (head-to-head or small contests) and tournaments (where you compete with potentially 1000’s of others for bigger prizes). Within each category there are different structures and ideas.
It takes skill and sporting insight to build up a roster (line-up) of players within the specified salary caps. Therefore, it would be a shame only to use these once.
Cash games subsequently allow you to go head-to-head with as many other line-ups as you wish. Both players put in a stake and the winner gets the money (minus the entry fee). You can choose to put a single line-up against a lot of others – or make variations of your line ups and enter them instead.
There are pro DFS players out there. The sites let you avoid competing with too many pro line-ups, by specifying how many rosters from individual players you are willing to compete against on any specific occasion.
Tournaments have more variations. These include big guaranteed prize games, which can attract 1000’s of entries, to smaller (even private) leagues. Here are some of the popular DFS tournament variations that TN residents can access:
There are more innovative and complex variations of these DFS contests depending on which site(s) you visit.
While deep knowledge of your sport and the form of individual players is a great starting point – there is more to DFS than just this. You’ll be competing against others who have experience in picking the types of line-up which do well in each category of contest. As with all forms of betting, you’ll need to focus on maximizing value – thinking as much about how to get an edge against other players as you do about the sports.
With all the major leagues (plus soccer) allowing line-ups, there are also sport-specific variations. These beginner DFS strategy tips are general enough to cover all the different sports in both cash game and tournament format.
In most states, DFS betting is in a legal limbo. While it is assumed to be legal – there is no explicit legislation authorizing it. A handful of states, including Hawaii, Alabama, Louisiana and Montana (and others) have banned DFS contests.
Tennessee were the 3rd state to legalize online daily fantasy sports contests – following Indiana and Virginia. This followed a negative opinion from the TN attorney general. From July 1st, 2016, DFS sites were licensed and taxed. Licensing cost $50,000 per year, with a 6% tax rate.
The major DFS sites welcomed this regulation – with both FanDuel and DraftKings issuing statements praising the clarity that the legislation brings for both players and operators.
Three years later, bill S 16 was signed into law. This set up a licensing and regulatory framework for mobile sports betting. With DFS the only type of legal online betting in Tennessee, it will be interesting to see what effect the new mobile sports betting sites have on traffic.
Both of the main DFS sites, DraftKings and FanDuel are active in the full sports betting area. With established player bases enjoying Fantasy Sports, both brands have the opportunity to hit the ground running when Tennessee sports betting goes live.
More than 90 DFS games offered online are played on just 2 sites. While there is a long list of sites (including some innovative new operators) which offer these games, the critical mass of DraftKings and FanDuel put them so far about the competition that few players visit anywhere else.
Here is a list of the biggest players in the DFS space:
DraftKings are based in Boston, MA. They grew from a small site to dominate the DFS market. You can access this site via their mobile apps (for both Android an iOS) or responsive website. While DraftKings started some 5 years after their main rival FanDuel (2012 vs 2007), they have grown to dominate the DFS contests space. Both brands are now owned by global betting giant Paddy Power BetFair.
In addition to the domestic pro leagues, DFS contests at DraftKings cover soccer, golf, auto racing and MMA. There are now contests involving the growing eSports market too. Picks contests cover all the main formats. There are 1000’s of head-to-head (cash games) contests, along with tournaments, 50/50s, qualifiers and private leagues.
New players at DraftKings get a small $3 welcome bonus (paid in ‘DraftKings Dollars’) with their first deposit.
If you enjoy contests with huge guaranteed prize pools – then FanDuel is the DFS site to check out first. While these do attract a lot of pros and experienced players, the rewards are huge if you manage to get a winning (or high finishing) line-up.
FanDuel are based in New Jersey. They were the pioneers in bringing DFS contests online, starting back in 2007. This site covers the major leagues in a lot of depth, but does not have quite the same coverage of minor sports or international sports as rival site DraftKings. Additional to the major leagues are soccer and golf.
There is a players’ club at FanDuel which rewards regular players. This is in addition to the small ($5) welcome bonus you’ll get with your first deposit.
A notable addition to the FanDuel apps and website is a flag showing how many experienced players have entered a contest. This allows you to choose contests with recreational type players – leveling the playing field and improving your chances of a win.
Many southern states have banned daily fantasy sports, either explicitly or via an Attorney General opinion. Tennessee took a more practical approach. In 2016, DFS contests for real money were legalized. This included tax and licensing. The move was welcomed by the sites, including positive statements from the major operators DraftKings and FanDuel.
With Tennessee sports betting sites going live soon, the opportunities for betting will expand way beyond picking line-ups.
DFS includes both cash games and tournaments. With some huge guaranteed prize pools out there, picking the right roster can pay off well. If you prefer, then you can set up private leagues for your friends or colleagues – playing Fantasy Sports online in the same way that it has been enjoyed for many years.