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Tennessee Sports Betting Guide – Best TN Sportsbooks

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Are you a resident of Tennessee looking to bet on the best teams to win their next games? If yes, then this guide will provide you with the best Tennessee sportsbooks by comparing the welcome bonuses, markets available, payment methods, live streaming, deposit methods, and other important features. So keep reading to discover more.

The Best Tennessee Sports Betting Sites List 2021

If you are a sports betting enthusiast, then you must have heard the good news that the Tennessee sports betting bill was passed on 30th April 2019. Since then, various sportsbooks have been competing to attract the state’s residents. Here are the top five Tennessee betting apps and sites that bettor can choose from:

  1. BetOnlineOverall Best Tennessee Sports Betting Site 2021
  2. BetUS – Generous Betting Loyalty Program
  3. MyBookie – Loads of Great Promos
  4. Bovada – Best Tennessee Sportsbook for Live Streaming
  5. XBet – Excellent for Horse Racing Betting

Best Tennessee Sportsbooks Reviewed

Competition is fierce every time a state legalizes gambling, and this holds true for Tennessee online sports betting. Here are short reviews of the best Tennessee sports betting sites that are competing to attract as many bettors as possible.

1. BetOnline – Overall Best Tennessee Sportsbook

BetOnline

BetOnline is one of the most experienced sportsbooks in the business, having been founded in New York all the way back in 2001. It’s also one of the most popular around, ranking among the top 50 biggest sportsbooks by betting volume, and it’s easy to see why so many bettors favor BetOnline.

For starters, it offers a very generous welcome bonus that allows you to claim up to $1,000! This large offer is available to all new users who sign up. There are also some great promos to claim after for sports like football and basketball.

There’s a wide range of betting markets available at BetOnline, including all major US leagues as well as other events from around the world, such as global soccer leagues and tournaments. With so much variety, including many live markets, there’s something to suit bettors of all preferences at this Tennessee betting site. There’s also a great range of Esports betting markets, including Fifa, CS: GO, LoL, Dota 2, Valorant, Call of Duty, Starcraft 2, and Rainbow Six.

BetOnline supports a variety of different payment methods, including debit cards, credit cards and cryptocurrencies like Bitcoin. This is a very secure site that uses date encryption to keep your account secure, so you can bet in confidence. BetOnline also offers a racebook, online casino and poker section, so it’s perfect if you’re a fan of these also.

Pros:

    • Generous welcome bonus
    • Excellent variety of eSports markets
    • Great range of live markets
    • Secure and reputable sportsbook

Cons:

  • Doesn’t accept PayPal

2. BetUS – Largest Tennessee Sports Betting Welcome Bonus

BetUS

If you’re looking for a blockbuster betting bonus, you’ve come to the right place. If you sign up using the BetUS promo code JOIN125, you can bag a 125% deposit bonus worth up to $3,125! This is a 100% sports bonus and 25% casino bonus, so you can use it for different types of gambling on the BetUS platform.

This site is one of the oldest sportsbooks in Tennessee, having been formed way back in 1994. It accepts wagers on a wide variety of different sports, from football, basketball, hockey and baseball to soccer, golf, tennis, motorsports and combat sports. You can also bet on a number of different Esports.

As well as the welcome bonus, there are some fantastic reload bonuses available, such as the offer which allows you to claim a bonus worth up to 50% of your deposit everytime you make a payment using crypto! There’s also a 100% referral bonus, so you can bag even more bonus funds if you invite your friends or family to join BetUS, either via the desktop site or mobile betting app.

We also like the series of analysis articles covering sports like football, baseball and more, which you can use to help identify good bets.

Pros:

  • Huge welcome bonus
  • Great choice of reload bonuses and promos
  • Well designed site and intuitive app

Cons:

  • Not as many Esports as some other sites

3. MyBookie – Great Range of Different Markets

MyBookie

MyBookie is a popular sportsbook in Tennessee that is renowned for its wide range of markets. Of course, there are all the major sports like basketball, baseball, football and hockey, but you can also bet on a wide variety of other events from around the world. The live betting is particularly impressive, with plenty of betting options available every day all year round for both US and overseas sports.

Like BetOnline, MyBookie offers all new users a 100% deposit match bonus up to $1,000 that you can use to bet on your favorite sports. There’s also the option to go for a $1,000 Bitcoin betting bonus if you prefer to deposit and withdraw using cryptocurrencies.

Another benefit of MyBookie is its fast payouts, as all withdrawal requests are processed within 48 hours. We’re also big fans of the MyBookie app, which is available on iOS and Android and offers a very smooth mobile betting experience.

Pros:

  • Excellent basketball coverage
  • Lots of ongoing promo deals
  • Good League of Legends market variety

Cons:

  • Could have more Esports markets

4. Bovada – Excellent Tennessee Sports Betting Site for Promos

Bovada

If you’re looking for a Tennessee sportsbook that offers plenty of bonuses, then Bovada is certainly one to check out. For starters, it offers a generous $1,000 deposit match bonus to all new bettors which you can claim using the Bovada promo code BVD1000. That’s just the tip of the iceberg in terms of Bovada bonuses, though, with plenty of regular betting promos and cash prizes available for existing users.

Bovada offers full Bitcoin support and very fast payouts, so it’s great if you prefer to deposit using cryptocurrencies. There’s a huge range of sports markets and live betting option, as well as a range of wagers for Esports like League of Legends, CS:GO and Call of Duty. The low bet limits mean you can make your wagers as small as you like.

This is a very popular and trusted Tennessee sports betting site, having been founded by Calvin Ayre back in 2011 and being favored by US bettors ever since.  Bovada also ranks well in terms of usability, with an intuitive website and impressive mobile app, so you can bet whichever way you prefer

Pros:

  • Fast Bitcoin payouts
  • Very low minimum bet limits
  • Extensive sports coverage

Cons:

  • Lacks e-wallet payment methods

 

5. XBet – New Betting Site in Tennessee

XBet Sports Bonus

Another sportsbook that’s worth considering is XBet, an exciting new sportsbook available to Tennessee bettors. While the $500 sign up bonus isn’t the biggest we’ve seen, there are some other great promos on offer.

For example, through the daily racing rebate promo, you can get up to 7% back on all wagers at race qualifying tracks! There’s a variety of races to bet on each day, so XBet is a great choice for racing fans. There’s also a $100 referral bonus which you can use an unlimited amount of times by inviting friends and family to sign up.

XBet is a crypto betting site that offers a variety of payment methods like Bitcoin, Litecoin and Bitcoin Cash, although you can also use credit and debit cards. Payouts are processed within 48 hours, so you don’t have to wait long to get your winnings.

Pros:

  • Generous horse betting rebate
  • Accepts a range of crypto payments
  • Fast withdrawals

Cons:

  • Small welcome offer than other sportsbooks

Tennessee Betting Sites Comparison

Each Tennessee sports betting site provides a generous welcome bonus. And at some sites, you do not need to use a promo code to claim. Also, each one of them offers a different number of markets and payment methods as well as special services such as live streaming. To help you compare the top five Tennessee sports betting sites in terms of these features, we have the following table for you.

Welcome Bonus Promo Code Live Streaming Highlights
Betonline.ag 100% deposit match up to $1,000 Not required No Large cash contests
High limit betting
BetUS 125% sportsbook deposit match up to $3,125 JOIN125 No Tips and analysis articles
Generous loyalty program
MyBookie 100% deposit match up to $1,000 INSIDERS No Weekly betting contests
Bitcoin boost bonus
Bovada 100% Bitcoin deposit  match up to $1000 BVD1000 Yes Prop bet builder
Live sports streaming
XBet 100% deposit match up to $500 Not required No Racing rebate promo
Unlimited referal bonus
SportsBetting.ag 100% deposit match up to $1,000 KICK100 No Free live betting promos
Big money NFL contests
BUSR 20% deposit match up to $500 WELCOME20 No Daily rebatee
Unlimited referal bonus
Intertops 100% deposit match up to $500 INSIDERS No Weekly NFL pools
Monthly parlay contest
BetNow 100% deposit match up to $500 BN100 No Weekly $10,000 MLB contests
Weekly horse rebate

Is Sports Betting Legal in Tennessee?

Tennessee’s legalization of online sports betting came as a surprise to many individuals. After the fall of PASPA, the state decided to legalize online sports betting on 30th April 2019. Tennessee introduced an online-only model in the USA, with legal sports betting apps and sites being allowed to operate in the state. Here is a short timeline about the Tennessee sports betting law:

  • 1987: The Racing Control Act was not fully implemented
  • 2002: Residents approved a Tennessee Lottery through voting
  • 2003: The state established a lottery
  • 2015: The Racing Control Act was repealed
  • 2016: Tennessee passed the Fantasy Sports Act to license and regulate the industry
  • 2019: Tennessee passed the Fantasy Football and March Madness Freedom and legalized online sports betting

Gambling Tax in Tennessee

In Tennessee, any licensed operator must pay 20% of their monthly adjusted gross income. From the tax collected:

  • 80% goes to the education programs
  • 15% goes to the general fund of the state, where it is distributed to the local governments on a per-capita basis
  • 5% goes toward funding substance abuse and the state’s mental health services

What Sports Can You Bet on in Tennessee?

All online betting Tennessee apps and websites offer the same sports to place bets on. Unsurprisingly, the most popular sports that you’ll find in all of the best Tennessee sportsbooks are NFL and college football. But there’s far more on offer than just the gridiron: NBA betting, college basketball, Euro League, Soccer, MLB, Tennis, Golf, Cricket, Rugby, MMA, Boxing, and UFC

Even then, these options are just the main ones, with lots of more niche markets and events popular in other countries and regions likely to be offered.

That said, when wagering on most Tennessee sports betting app platforms and websites, you should expect some limitations in terms of college sports. Tennessee explicitly banned some bets on college sports, including in-game props. Also, the state does not allow sportsbooks to offer wagers on individual college athletes as well as possible injuries on players.

ESports Betting in Tennessee

ESports betting in Tennessee has been growing tremendously ever since its legalization. Tons of eSports tournaments are being organized in different parts of the state, providing bettors with lots of options to wager on.

Some of the eSports games that dominate the eSports market in Tennessee include League of Legends, SMITE, Call of Duty, Dota 2, Hearthstone: Heroes of Warcraft, and Counter-Strike: Global Offensive. Lottery-style games are also available for eSports fans to place bets on.

Horse Racing

Residents of Tennessee are permitted to bet on the outcome of horse races. There aren’t any licensed tracks in the state though, meaning no off-track betting – unless you head online.

You can place a wager on horse racing by visiting one of the many dedicated betting sites licensed to operate in Tennessee. All our recommended Tennessee sportsbooks offer a range of different horse racing markets.

Are Daily Fantasy Sports Legal in Tennessee?

DFS has been legal to play in Tennessee since 2017. However, operators only allow contestants of 18 years and older to participate in the fantasy leagues, and anyone caught entering prior to that age can expect to receive a fine or a short stint doing community service.

Some of the best DFS betting apps available to use in Tennessee include DraftKings and Fanduel.

Types of Betting Markets

All of the popular types of sports markets are available for Tennessee bettors to try out. Among them, you’ll find the following:

Point Spread

The most popular type of sports betting market in Tennessee. In a point spread, one team is favored by a given number of goals or points in a certain match. Bettors are then required to choose either an underdog or favorite. For each side, the handicap balances the betting odds to approximately -110. A spread bet listing can look like this:

  • Cleveland Browns + 11.5 (-110)
  • Tennessee Titans – 11.5 (-110)

Moneyline

Moneyline is the most fundamental type of bet in all of the best Tennessee sportsbooks. It is simply a bet on nothing more than a team to win a given match. All other factors do not affect a moneyline bet apart from the winning team. Whether a match is a blowout or a buzzer, the moneyline will pay wagers on the winning team only. Here is an example of a moneyline listing:

  • Los Angeles Lakers – 200
  • Memphis Grizzlies +185

The positive number represents the amount of cash that you will win from any successful bet. On the other hand, the negative number represents the amount of money that you must pay to win.

Prop Bets

Also known as propositions, prop bets are wagers on sporting events that don’t directly depend on the result of the match for their resolution. They don’t care about who wins the match and by how much. Prop bets are only concerned with whether some conditions in a match are met or not.

Parlay

A parlay is a combination of bets that fold several wagers into one. Each section of the parlay bet is known as a leg. And for bettors to win, each prediction that they made must be true. A parlay bet is a high-risk but highly rewarding bet.

Over/Under

An over/under bet mainly involves the goals scored. But in sports like football, can also involve things like corners, free kicks, and many other possible outcomes. With this type of bet, bettors only need to predict whether the goals, corners, or any other outcome will be over or under a given number that is usually determined by a sportsbook. A bet will only win when you predict the correct outcome.

Pleasers/Teasers

In a pleaser bet, the betting website adjusts the lines in its favor. In a teaser bet, a bookmaker promises to move all legs of the parlay in favor of the bettors. Every leg gets the same adjustment, irrespective of its initial numbers.

Futures

Futures is a bet on a player or a team to win in the future. For example, bettors can wager on a team to win a tournament or to lead the league table before or during the season. This type of bet requires bettors to be patient since they will collect their winnings only at the end of the season or competition.

Bonuses at Tennessee Sportsbooks

One aspect that makes a sportsbook stand out from the crowd is the presence of generous and attractive bonuses. All of the leading online betting Tennessee sportsbooks offer different types of bonuses and promotions to attract new customers and retain them. Also, they offer lots of ongoing bonuses to keep existing bettors happy. The most common types of bonuses available in the Tennessee online sports betting market include:

Matched Deposits

In matched deposit bonuses, a sportsbook matches a portion or all of your deposit amount. These bonuses are the most popular type, and they come with fair terms and conditions, including wagering requirements. A typical example is a 100% match up to $1,000 on your first deposit, meaning that if you deposit $1,000 you’ll receive a $1,000 bonus. Also, bettors will have a very short timeframe to claim and use them.

Reload sportsbook bonuses and promotions also function in the same way as matched deposits, except they are for existing customers.

Risk-Free Bets

Risk-free bets offer a refund on the first wager up to a given amount or percentage if the bet loses. For example, a Tennessee sports betting site may offer a 100% match of the value of your first losing bet, up to $1,000.

Once you deposit for the first time and place a wager at such a sportsbook, you will get up to $1,000 as a refund if the wager does not win. However, if the bet wins, the refund will not apply. A risk-free bet simply functions as a free wager offer for new signups at a given sportsbook.

No Deposit Bets

Also known as free bets on registration, no deposit bets simply put free credits in your bonus account just for signing up with an online betting website. Many Tennessee sportsbooke, such as BetOnline and BetUS, offer small no deposit bonuses alongside higher matched deposit offers.

Key Bonus Terms

There’re various key bonus terms and conditions for each of the above-mentioned bonuses. When you access the bonus section of every sportsbook, you will discover that each deal features a fine print.

The fine print usually provides some important rules that you must meet in order to enjoy the whole of your bonus. Here are the most important bonus terms and conditions to consider before you can accept any welcome deal or ongoing promotion.

  • Wagering Requirements: Each bonus comes with some wagering requirements. The wagering requirements simply provide the number of times that you need to wager the bonus amount plus any profits associated with it. Many welcome bonuses and other promotions usually come with wagering requirements between 10x and 35x. But BetRivers comes with the most generous wagering requirement. The bonus cash at BetMGM is non-withdrawable until you fulfill the 1x wagering requirement.
  • Maximum Withdrawal Limits: All bonuses and promotions that you will find out there have maximum withdrawal limits, which are in some cases referred to as maximum cap on withdrawals. Maximum withdrawal limits simply put a cap on the total amount that you can receive from the bonus winnings generated. Any winnings above the maximum withdrawal amount cannot be withdrawn or used. At FanDuel, you can only withdraw a maximum of $100 from a welcome bonus.
  • Bonus Validity Period: A validity period is another common term and condition in sports betting in Tennessee. This term requires you to use your bonus within the specified period. At many sportsbooks, you will find a validity period between one and two weeks. You must use the bonus and meet all wagering requirements as well as other terms and conditions within the stated period. If not, then your bonus will be invalid.

Tennessee Sports Betting Sites Bonus Comparison

Welcome Bonus Promo Code Minimum Odds
Betonline.ag 100% deposit match up to $1,000 Not required 2
BetUS 125% sportsbook deposit match up to $3,125 JOIN125 2.8
MyBookie 100% deposit match up to $1,000 Not required 2.5
Bovada 100% Bitcoin deposit  match up to $1000 BVD1000 2
XBet 100% deposit match up to $500  

Not required

2
SportsBetting.ag 100% deposit match up to $1,000 KICK100 2.5
BUSR 20% deposit match up to $500 WELCOME20 2.5
Intertops 100% deposit match up to $500 INSIDERS 2
BetNow 100% deposit match up to $500 BN100 2.6

Deposit and Withdrawal Methods for Tennessee Betting

If you are planning to sign up with any of the top five Tennessee online sports betting sites and place bets, then you will need to deposit some funds into your account after opening it. To achieve this, you will need to have a deposit option. Luckily, all sportsbooks offer a wide range of payment methods that you can choose from. Some of the most common methods of payment that you can use to deposit funds include:

  • Debit/credit cards like Visa, MasterCard, and American Express
  • E-Checks like VIP Proffered and ACH
  • Electronic wallets such as PayPal
  • Prepaid cards like Play+
  • PayNearMe
  • Wire transfer or online bill pay

With all these top Tennessee sports betting sites and apps, you can use the deposit methods to withdraw your funds. This means that you will not need to have two or three payment options in order to deposit and withdraw your funds.

Payment Methods and Comparison

Sportsbook Deposit and Withdrawal Methods Min Deposit Min Withdrawal Payout Time
BetOnline Credit card, debit card, wire transfer, money order, Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple $10 $100 1-48 hours
BetUS MasterCard, Visa, Bitcoin, Bitcoin Cash, Litecoin, Ethereum $10 $100 1-24 hours
MyBookie Credit card, debit card, wire transfer, Bitcoin, Bitcoin Cash, Ripple, Ethereum $25 $100 1-48 hours
Bovada Credit card, debit card, Zelle, Bitcoin, Bitcoin Cash, Litecoin $10 $500 1-24 hours
XBet VISA, Mastercard, AmEx, Bitcoin $25 $100 24-48 hours

Tennessee Mobile Betting Apps

As you already know, Tennessee is the first state to offer online sports betting exclusively. There’re no racetracks, OTBs, or casinos in Tennessee, and the law that allowed sports betting to the state didn’t provide retail sportsbooks with the freedom to operate.

Bettors in Tennessee can only use their desktops, laptops, and mobile devices to place bets on their favorite teams and sporting events. The majority of wagers take place on mobile devices, so it is important to understand all the ins and outs of using Tennessee sports betting app platforms.

The good news to all those that want to use betting apps to place wagers is that all top sportsbooks operators have applications for two major operating systems, Android and Apple iOS. BetOnline, BetUS, MyBookie and Bovada all have dedicated mobile apps for Android and iOS operating systems.

Live Betting and Streaming in Tennessee

The newest innovations that many Tennessee betting sites offer are live streaming and live betting. These two innovations have a strong relationship when it comes to betting. To place successful live betting wagers, you need to have the latest information, which live streaming provides you with.

Live streaming allows you to watch the match and track odds at the same time and place. While streaming the game, you can see how it is shaping up and how the odds are fluctuating and place your bet accordingly. All of our recommended Tennessee online betting sites have dedicated live betting sections.

Bovada is a popular Tennessee sports betting site that offers live streaming services. If you want to combine both live betting and streaming to create some winning bets, then you should consider these three sportsbooks. But if you are just looking for live betting services, you can pick any platform from the top five sites mentioned above.

How to Compare Tennessee Sportsbooks

Tennessee is currently home to many sports betting sites. The huge number of the best Tennessee sportsbooks in the state makes it difficult to pick the best betting platform, especially when you are a newbie. Fortunately, there are various features that you can keep in mind when comparing different sportsbooks. These features are as follows:

  • Bonuses – We always recommend you read the terms and conditions of bonuses before deciding on a Tennessee online sports betting site. Make sure you particularly look out for the minimum odds, wagering requirement and expiry date of bonus offers.
  • Payment methods – Accepted payment methods, as well as minimum limits and banking fees, can vary a lot from sportsbook to sportsbook, so make sure they suit you before signing up.
  • Range of markets – All the Tennessee sports betting sites we recommend offer excellent coverage of all the major sports like football, basketball and horse racing, but if you want to bet on more niche sports or Esports, check there’s a good number of betting options before signing up.
  • Licensing and security – It’s vital you make sure you’re using safe and secure Tennessee sports betting sites. All the sportsbooks we recommend fall into this category, but if you browse others always check they’re licensed and secure.
  • Mobile compatibility – Most bettors these days prefer to place their wagers on mobile, so we recommend going for a Tennessee sports betting app that offers a smooth and intuitive experience for iPhones or Android, depending on what device you have.

Sportsbooks at Tennessee Casinos

The Tennessee betting law does not allow land-based or physical casinos to operate in the state, meaning there are no retail bookmakers. It is one of the states in the US that do not have any type of gambling facility. The law only allows online sports betting in Tennessee on mobile and desktop devices.

Conclusion

The Tennessee sports betting bill of 2019 was the foundation of the gambling industry in the state. As a bettor, you should only expect to see many sportsbooks joining the market, providing you with lots of options.

But don’t wait for new sportsbooks to launch so that you can sign up with them and start betting. Some already established operators like BetOnline, Bovada and MyBookie are available for you to sign up with.

FAQs

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David is a vastly experienced sports writer who is a huge fan of soccer, football and basketball. He also covers online casino guides and reviews.