Sports betting in finally underway in the Volunteer State.
Tennessee residents have been hungry for some sports gambling action.
The state managed to rack up an impressive $27 million handle in the very first week of betting.
For the sake of comparison, Colorado only brought in $25 million worth of wagers during its first month of sports betting. Tennessee accomplished more in just one week.
Since the industry is so new to the state, gamblers have to sort through all of their betting options.
Which sportsbook should you sign up with? What are the differences between the four online betting apps? Which one has the best deals?
PlayTenn has a full breakdown of the options to make your life easier.
Whether you’re brand new to sports betting or just new to the legal market, this look at Tennessee sportsbook bonuses will help you decide where to plant your roots.
DraftKings free $25, $1,000 Deposit Bonus
When it comes Tennessee sportsbook bonuses, DraftKings has the most to offer new customers.
In other words, if you’re looking to give sports betting a try, you should probably start there.
To start, DraftKings will give you $25 for free just for signing up.
It’s a nice bonus that’s unique to DraftKings. No other sportsbook in the state offers it.
That’s a great way to give your account’s wallet a jump start. After all, who doesn’t love free money?
The $25 is a nice bonus, but it’s not all that DraftKings offers.
The sportsbook is also handing out a 20% deposit bonus to new customers up to $1,000.
So for example, if your first deposit is $100, then DraftKings will give you an extra free $20.
That 20% bonus is good for up to $1,000 of free money, but you can snag some extra cash even if your first deposit isn’t the max ($5,000).
DraftKings is one of the biggest operators in the US, so its services are reliable and fine-tuned.
Its website and app are incredibly easy to use and feature tons of unique betting options that you won’t find anywhere else.
All of that combined with its new user deals should make DraftKings a go-to option if you’re dipping your toes into the sports betting waters for the first time.
FanDuel $1,000 risk-free bet
FanDuel is another betting behemoth that is live in Tennessee.
The book is DraftKings’ top competitor, so it also features a very easy-to-navigate website and mobile app.
However, unlike DraftKings, FanDuel is giving out a huge risk-free bet to its new customers.
Once your make your first deposit, you’ll have a risk-free bet up to $1,000 to use on whatever you like.
In other words, if your first bet is a $900 wager on the Titans to win their next game, FanDuel will refund you if they lose.
So there isn’t $1,025 worth of free money on the table like there is at DraftKings, but a risk-free bet is still a nice way to give sports gambling a try without any of the worry that comes along with possibly losing your bet.
Any bonus money from the free bet must be wagered at the sportsbook, but winnings from that wager can be cashed out.
FanDuel also really excels in the world of live betting, which is something that DraftKings hasn’t quite perfected yet.
If betting on the big game as it’s happening sounds like fun, then FanDuel could be a perfect sports betting home for you.
BetMGM $500 deposit match
Even if you’re not a big gambler, you’ve probably heard of MGM Resorts International before.
MGM is one of the biggest casino operators on the planet, and the sports betting arm of the company has been working on expanding.
That work brought BetMGM Sportsbook to Tennessee. Now the company is tying to elbow its way past the rest of its competition.
BetMGM is matching deposits for new customers in hopes of attracting new bettors.
If you sign up for BetMGM, the company will match your first deposit up to $500.
So, if you deposit $400, BetMGM will match that and give you an extra $400.
The deal is a straight-up 100% deposit match, which is nice compared to DraftKings’ offer of only matching 20% of your first deposit.
That DraftKings deal works out better for you if you’re depositing a few thousand dollars into your account, but that’s not how most sports gamblers approach things.
The majority of people are casual, small amount bettors, so the chances are you will be too.
BetMGM is a good match for you if you’re only depositing a small chunk of change. Since the sportsbook will match 100% of your first deposit, that’s a good way to get the most bang for your buck.
Action 24/7 $10 sign up bonus
Action 24/7 is the fourth and final online sportsbook in Tennessee. It’s also the only one that isn’t owned by a massive corporation.
The sportsbook is owned and operated in Tennessee, making it the only one local to the Volunteer State.
That’s an interesting spot to be in, but being the underdog does come with limitations.
Since Action 24/7 isn’t a big-time company, it doesn’t have the same amount of money to spend on things like new user bonuses.
Right now, the sportsbook will credit your account with a free $10 for signing up.
That’s certainly the least valuable out of the new user offers out there, but it’s still something.
Although Action may not be the most lucrative of the Tennessee sportsbook bonuses, if you’re looking for something different, it is still worth checking out.