Tennessee Sports Betting: Top 4 Legal Betting Sites in 2024
The Tennessee sports betting market is online-only, allowing users to place bets via mobile apps at 12 Tennessee betting sites and collect Tennessee sportsbook promos from anywhere within Volunteer State lines. Learn more about Tennessee sportsbooks in our comprehensive state guide as we highlight the top four options available in 2024.
Best Tennessee sports betting sites
2 days
- BetMGM Benefits
- User-friendly mobile app
- Over a dozen deposit options
- Offers same-game parlays
- BetMGM Review
Within 24 hours
- Caesars Benefits
- Best customer support
- Top-tier rewards program
- NFL live streaming
- Caesars Review
Within 24 hours
- FanDuel Benefits
- Best user experience
- World-class mobile app
- Best for live betting
- FanDuel Review
- Fanatics Sportsbook Benefits
- NFL live streaming
- Flexible FanCash Rewards
- Improved app performance
- Fanatics Sportsbook Review
- Online sports betting is now live
- Legal age for sports betting is 21
- 12 legal online sportsbooks active
- Exclusive welcome offers below
Top 4 Tennessee sports betting sites
Tennessee sports bettors have ample choice when it comes to legal and regulated online sportsbooks. However, there is a handful of platforms that every Volunteer State punter should have in their sportsbook rotation. Here are the top four Tennessee sports betting sites:
1. BetMGM Tennessee
$1,500 in Bonus Bets
Bonus bets expire in 7 days. One new customer offer per user. Additional terms apply. 21+. Gambling Problem? Call 1-800-GAMBLER. CVRBONUS1500
BetMGM offers a stylish mobile platform and some of the best odds found in the industry. Sports fans can easily navigate through their impressive variety of sports markets and bet types. BetMGM rounds out as one of the more reliable mobile apps in the Volunteer State and one of the best Louisiana betting sites.
Giving our BetMGM Review can resolve any questions one may have.
- App Store rating: 4.8 (iOS), 4.4 (Android)
- Sign-up bonus: $1,500 in bonus bets
- Payout speed: 2 days
2. FanDuel Tennessee
Bet $5, Get $150 if You Win + 3 Months of NBA League Pass
New customers only. Deposit min. $5. Place first bet of min $5 and get $150 in bonus bets if your bet wins. FanDuel Tennessee has maintained a top-three spot on our list of the best legal sportsbooks in the state, thanks largely to its abundant sports market offerings, exclusive live-streaming partnerships, fantasy sports, competitive odds, and engaging mobile platform. The FanDuel Tennessee app has a sterling reputation and remains an elite option for daily fantasy sports.
More information can be found in our FanDuel Review.
- App Store rating: 4.8 (iOS), 4.6 (Android)
- Sign-up bonus: Bet $5, Get $150 if You Win + 3 Months of NBA League Pass
- Payout speed: Within 24 hours
3. Caesars Tennessee
Bet $1, Get 100% Boost on Next 10 Bets
New customers only. Must register using eligible promo code. Wager $1 to earn a profit boost on your next 10 bets. Max. winnings of $2,500 for each boost which expire 14 days after receipt. Void where prohibited. See Caesars.com/promos for full terms. COVERSBONUSDYW
Caesars Tennessee has an extremely user-friendly app — one of the best sports betting apps in the US — and boasts the top customer service programs in the industry and a highly fulfilling rewards program. Use promo code 'COVERSBONUSDYW' on your initial deposit to unlock its latest welcome bonus in Tennessee.
Any lingering queries can be put to rest by reading our Caesars Sportsbook Review.
- App Store rating: 4.6 (iOS), 4.4 (Android)
- Sign-up bonus: Bet $1, Get 100% Boost on Next 10 Bets
- Payout speed: Within 24 hours
4. Fanatics Sportsbook Tennessee
$1,000 in No Sweat Bets
Ends: Dec. 31, 2024
Fanatics — a licensed sports merchandiser — launched its online sportsbook in Tennessee on May 1, 2023. New TN bettors can register with Fanatics Sportsbook now to claim its latest welcome offer, join its great rewards program, and access an industry-best NFL live streaming experience.
Check out our Fanatics Sportsbook Review for more information.
- App Store rating: 4.7 (iOS); 3.8 (Android)
- Sign-up bonus: $1,000 in No Sweat Bets
- Payout speed: Within 24 hours
Best Tennessee sports betting offers and bonuses
Tennessee sports betting sites continue to serve up generous welcome offers to new Volunteer State bettors. The best Tennessee sportsbook bonuses in 2024 come from the likes of Caesars, FanDuel, DraftKings, and BetMGM:
BetMGM - $1,500 Back in Bonus Bets: New BetMGM Tennessee users can swing for the fences with their first bet. If you lose, BetMGM will pay you back with one (if you wagered $49 or less) or five (if you bet $50 or more) bonus bets up to $1,500. Use BetMGM bonus code 'CVRBONUS1500' to redeem this offer that expires on Dec. 31, 2024.
FanDuel - Bet $5, Get $150 if You Win + 3 Months of NBA League Pass: Tennessee customers who create a new FanDuel Sportsbook account receive $150 in bonus bets, following an initial $5 deposit and winning $5 wager on any sports market. No FanDuel promo code is required for this offer, which expires on Dec. 22, 2024.
Caesars Sportsbook - Bet $1, Get 100% Boost on Next 10 Bets: Deposit at least $10 and place an initial wager of $1 to receive {{bonus/caesars-sportsbook/primary/bonus_breakdown/us}}. Each token has a maximum value of $25 and must be used within 14 days of issuance. Enter Caesars Sportsbook promo code 'COVERSBONUSDYW' by Jan. 27, 2025 to claim this offer.
DraftKings - Bet $5, Get $150 if You Win: New DraftKings Tennessee users score up to $150 in bonus bets instantly, following a qualifying $5 initial deposit and first-time $5 wager. If your bet wins, DraftKings disperses six $25 bonus bets instantly. This offer is valid through Jan. 5, 2025, and there is no need for a DraftKings promo code. You can also access a secondary '20% deposit match up to $1,000' welcome offer, which is valid until Nov. 30, 2024.
Fanatics Sportsbook - $1,000 in No Sweat Bets: New TN bettors can sign up with Fanatics Sportsbook today to earn one (1) no sweat bonus bet per day equal to the amount of their daily wager, up to $100, for their first 10 days if they are unsuccessful. No Fanatics Sportsbook promo code is required, but the qualifying wagers must be at least $1 and have odds of -500 or longer. This offer is valid until Dec. 31, 2024.
Terms and conditions apply to all bonuses and promotional offers.
Tennessee sports betting updates
On July 1, 2019, the Tennessee Sports Gaming Act came into effect as Gov. Bill Lee agreed to allow the bill to become law without his signature. Gov. Lee vehemently opposed gambling but understood that legal online sports betting was in his state’s best interest.
Review this timeline of Tennessee's sports gambling history for an overview of its milestones:
Nov. 14, 2024: Tennessee sports bettors wager a record $551 million in October.
Oct. 25, 2024: Tennessee fines Bovada $50k (and counting), for accepting wagers without a license. The Sports Wagering Council (SWC) had previously sent cease-and-desist letters to the online sportsbook’s Curacao address.
Oct. 18, 2024: Bally Bet officially goes live in Tennessee, making it the 12th online operator in the state.
Sept. 19, 2024: Tennessee Titans' Nicholas Petit-Frere joins a sports betting company as a fantasy expert after being suspended for sports gambling previously.
Sept. 12, 2024: Tennessee increases its sports betting handle and revenue in August thanks to the return of football.
July 23, 2024: A Tennessee man wins $900K at Fanatic Sportsbook after correctly picking the outcome of four 2024 T-Mobile Home Run Derby matchups.
July 22, 2024: SuperBook Sports pulls out of eight post-PASPA states, including Tennessee.
July 12, 2024: Tennessee's SWAC releases June sports betting numbers. With a $344.8 million handle, TN sportsbooks see a 49% increase in year-over-year action.
March 12, 2024: Tennessee's sports betting handle falls below $400 million in February — an 18.6% month-over-month decrease.
Feb. 24, 2024: Tennessee's sports betting handle continues to fall in January, bringing in $467.4 million in wagers, which is a 5.5% MoM decrease.
Jan. 25, 2024: PrizePicks adds a new peer-to-peer game in Tennessee and three other U.S. states — PrizePicks Arena.
Jan. 17, 2024: Tennessee's sports betting handle drops below $500 million in December, which is a 4.2% drop from November.
Nov. 14, 2023: ESPN BET goes live with online and mobile sports betting, launching in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET plans to launch on Nov. 14, 2023, with online sports betting going live in 17 U.S. states, including Tennessee.
Aug. 11, 2023: WynnBET Tennessee announces the closure of its online sports betting operation as soon as possible.
June 28, 2023: Tennessee will soon tax sportsbooks based on their betting handle instead of their revenue.
June 13, 2023: ZenSports launches in Tennessee, making it the thirteenth mobile operator in the state.
May 18, 2023: Gov. Bill Lee approves changes to Tennessee's sports betting tax rule.
May 1, 2023: Fanatics Sportsbook launches its mobile app in Tennessee and Ohio.
April 27, 2023: Fanatics plans to launch its sports betting app in Tennessee on Monday, May 1. Current Fanatics customers will receive a unique code to access the app.
April 25, 2023: Yahoo acquires Wagr, a social peer-to-peer sportsbook app founded in Nashville, TN.
April 21, 2023: The House approves HB 1362, an amended version of the Senate's SB 0475. If signed by Gov. Bill Lee, Tennessee will become the first state to tax sports betting operators on their total handle. A 1.85% tax on sports betting handle would replace the current 20% tax on gross revenue.
April 19, 2023: Tennessee sportsbooks take in $392.6 million in sports bets in March — a 20% bump from the state's February handle.
March 1, 2023: Fanatics receives its mobile sports betting license in Tennessee. However, it has no specific launch date planned.
Feb. 24, 2023: Following a strong showing in December, Tennessee's sports betting handle fell in January by nearly 7%.
Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) estimates that Tennessee missed out on about $11 million in tax revenue in 2022 because multiple operators — including Caesars, DraftKings, and BetMGM — failed to hit the state's 10% hold rule.
Feb. 13, 2023: ZenSports, recently acquired by KeyStar Corp, could become Tennessee's 14th legal betting site if its application is approved.
Dec. 19, 2022: BetMGM is named an official sports betting partner of the Nashville Predators. The multi-year partnership includes a BetMGM-branded restaurant and signage at Bridgestone Arena.
Dec. 15, 2022: November wagering translates to a new Tennessee sportsbook betting record, as betting sites handled $439.5 million in wagers.
Nov. 11, 2022: Tennessee sports betting hits a record high in October, as the state records an all-time handle of $405.3 million.
Oct. 24, 2022: Tennessee's sports betting regulator approves license renewals for BetMGM, DraftKings, FanDuel, and Action 24/7.
Oct. 18, 2022: Tennessee sports betting in September saw a big boost compared to August, as online sportsbooks generated more than $336.9 million in bets.
Sept. 6, 2022: Hard Rock Sportsbook launches in the state, becoming TN's 11th active sportsbook.
Aug. 16, 2022: Tennessee becomes the third state to launch a Betly online sportsbook.
Aug. 3, 2022: Caesars Sportsbook becomes an official sports betting partner of the Memphis Grizzlies.
April 27, 2022: SuperBook launches sportsbook operations in Tennessee.
April 14, 2022: Wagr, a Tennessee-based sportsbook, becomes the official sports betting partner of the MLS' Nashville FC.
March 10, 2022: The Tennessee Sports Wagering Advisory Council (SWAC) approves three new mobile sportsbooks. When Bally Bet, Betly, and SuperBook launch online operations, TN will be up to 13 licensed sportsbooks.
Feb. 17, 2022: Tennessee registers an all-time single-month record of $386 million in sports betting handle for January.
Feb. 10, 2022: Fubo is approved as the 10th sportsbook for online betting in Tennessee. A launch date is not announced.
Jan. 24, 2022: Wagr became the first peer-to-peer betting platform to receive a license in the U.S. and is the ninth legally licensed sportsbook operator in Tennessee.
Jan. 4, 2022: Record revenues generated by Tennessee-licensed sportsbooks continue, with close to $40 million in November.
Jan. 1, 2022: SWAC takes over the regulation of sports betting from the Tennessee Education Lottery.
Dec. 17, 2021: The Sports Wagering Advisory Council (SWAC) will assume sports wagering regulatory duties in January following a handoff from TELC.
Nov. 17, 2021: Tennessee becomes the fifth-fastest state to surpass $2 billion in bets, registering $2.335 billion in sports betting handle during the first 12 months.
October 2021: The Volunteer State recorded its largest-ever monthly handle in September; Tennessee sits $40 million shy of hitting the $2 billion mark for 2021.
Oct. 21, 2021: Bally becomes a sports betting partner of the Nashville Predators.
Sept. 8, 2021: Barstool Sportsbook launches in Tennessee.
September 2021: Barstool Sportsbook and Wagr, a social sports betting app, receive sports betting operating licenses from the Tennessee Education Lottery.
August 2021: Caesars acquires William Hill, and subsequently, the William Hill app is replaced by the Caesars Sportsbook app in Tennessee.
April 30, 2021: WynnBET launches online operations in Tennessee following its approval from the state's Education Lottery.
March 2021: William Hill sportsbook launches in Tennessee with its mobile app.
Nov. 1, 2020: The first online Tennessee sportsbooks go live, kicking off the state's legal online sports betting industry.
September 2020: TELC approves its first three sportsbook operators: DraftKings, FanDuel, and BetMGM.
April 2020: After months of criticisms and revisions, the Tennessee Education Lottery Corporation (TELC) approves finalized regulations, including a 10% hold mandate for all operators. All operators are subsequently permitted to begin applying for licenses.
Nov. 2019: The Sports Betting Advisory Council is assembled by Tennessee lawmakers. The council begins devising the first draft of Tennessee sports betting regulations.
July 2019: The Tennessee Sports Gaming Act officially becomes sports betting law.
May 2019: Gov. Bill Lee allows the bill to become law without his signature. Despite being morally opposed to gambling in Tennessee, Lee believes legalizing sports betting is in the state’s best interest.
Nov. 2018: Rep. Rick Staples introduces a bipartisan bill to legalize Tennessee sports betting.
Is sports betting in Tennessee legal?
Yes, sports betting is legal in Tennessee. The Tennessee Education Lottery Board established regulations on April 15, 2020, and online wagering commenced on Nov. 1, 2020 — legalized sports betting occurs exclusively online in the Volunteer State.
Permanent online sports betting regulations were officially adopted by the Tennessee Sports Wagering Advisory Council on March 10, 2022, taking over formal regulatory responsibilities.
What sportsbooks are legal in Tennessee?
In 2024, there are 12 legal online Tennessee sportsbooks. Fanatics Sportsbook launched in TN on May 1, 2023, while Bally Bet went live on Oct. 11, 2024 with its mobile sports betting app.
- BetMGM - Best for banking
- FanDuel - Great betting app
- Caesars - Best welcome bonus
- Fanatics Sportsbook - Reputable brand
- DraftKings - Best sportsbook
- Hard Rock - Superb live betting
- ESPN BET - Great bet selection
- Action 247 - Big event specials
- Betly - User-friendly platform
- Wagr - Best for social betting
- ZenSports - Peer-to-peer betting
- Bally Bet - Nice odds boosts
Legal sportsbooks in Tennessee
Online and mobile wagering remains the lone option for Tennessee sports bettors. There is no retail sports betting or land-based sportsbooks in Tennessee. There are currently 12 legal sportsbooks in the state. With no limitations on the number of licenses allowed, we could see a continued influx of sportsbooks in the Tennessee market.
TwinSpires TN stopped taking wagers on March 16, 2022, and is no longer available to Tennessee sports bettors. ZenSports went live in Tennessee on June 8, 2023, and Bally Bet launched on Oct. 18, 2024.
Tennessee's online and mobile sportsbooks
| Online sportsbook | Mobile app | Odds provider | Online casino |
|---|---|---|---|
| Action 24/7 | Yes | Action 24/7 | No |
| Bally Bet | Yes | Bet.Works | No |
| Betly | Yes | IGT | No |
| BetMGM | Yes | BetMGM | No |
| Caesars | Yes | Caesars | No |
| DraftKings | Yes | SBTech | No |
| ESPN BET | Yes | PENN | No |
| Fanatics Sportsbook | Yes | Amelco | No |
| FanDuel | Yes | Flutter | No |
| Hard Rock | Yes | GiG | No |
| Wagr | Yes | Wagr | No |
| ZenSports | Yes | ZenSports | No |
Latest Tennessee sports betting news
Who can bet on sports in Tennessee?
If you are at least 21 years of age and physically present in the state of Tennessee, you may place a sports bet with a licensed sportsbook. With the absence of casinos or racinos, all sports wagers must be placed online in the Volunteer State.
Head on over to a sports betting website or download its accompanying app to get started. Here’s a rundown of the things you need to know before placing your first bet:
Legal age
You must be 21 years or older to partake in Tennessee sports betting.
Mobile betting
You can place wagers with legal Tennessee sports betting sites or mobile sports betting apps. As of Jan. 1, 2022, the Sports Wagering Advisory Council is responsible for regulatory duties.
Remote registration
As there are no in-person options in Tennessee, those wanting to make a sports wager have the benefit of completing the entire registration process online. Tennessee bettors can simply enter some personal information and get started online in minutes.
Within state borders
Users must have both feet within state lines to place a sports wager in Tennessee. Online sportsbooks are required to verify your exact whereabouts, so if geolocation services are blocked, you will not be permitted to place a bet.
Retail sportsbooks
Of the states to have legalized sports betting, Tennessee is one of only two states not to offer an in-person gambling experience. As such, there are no brick-and-mortar sportsbooks in the Volunteer State — and no plans to add any in the near future.
Taxable winnings
Although all winnings and gaming revenue from sports bets are taxed at the federal level, there is no personal state tax on these winnings in Tennessee.
Sports betting law dictates that Tennessee sportsbooks typically withhold 25% of all winnings, provided you share your SSN. If you decline to do so, 28% of your winnings will most likely be held.
The pros and cons of Tennessee sports betting
The ability to register and place bets remotely is a big plus for sports bettors in Tennessee. This ease of access is sure to encourage beginner and intermediate sports gamblers to try out the handful of online sportsbooks operating in the state.
Placing a physical bet can be enjoyable as well, but unfortunately, that won’t be an option for Tennesseeans. Additionally, the mandated 10% hold on all wagers means sports bettors have access to less favorable odds compared to other states with legalized sports betting.
No in-person bettingCan't bet college player propsMandatory 10% holdHow to start betting in Tennessee
Tennessee is one of just two states (Wyoming) that feature online-only sports betting. You will not be able to engage in legal sports betting via retail casinos or physical sportsbooks
There’s only a single option if you’re looking to get started with Tennessee sports betting. In order to place your first bet, you must register with an online sportsbook via their website or mobile app.
Select a sportsbook
When perusing the offerings of the various Tennessee sports betting sites, be sure to consider not only promotional offerings but the odds and prices offered by each provider.
Tennessee’s 10% mandatory hold of sports wagers far exceeds the national average, so it’s important to find the most favorable betting opportunities.
After checking out some sportsbook reviews and reading over the terms and conditions of each provider, you’ll be ready to move forward with the sportsbook that best meets your betting needs.
Register online
Tennessee’s fully online sports betting provides users with a streamlined registration process.
New users can register on a Tennessee sports betting site or a mobile app. After selecting a sportsbook, simply enter some personal information and verify your identity. It’s that easy.
Claim a bonus
Like other states, Tennessee sportsbooks regularly offer sign-up bonuses to reward users for choosing their betting platform. It’s especially important to sniff out the most lucrative offers in Tennessee, however, as online providers are required to withhold a larger portion of your winnings than sportsbooks in other states. Here are some of the most common sportsbook sign-up bonuses in the Volunteer State:
- Second chance bets: This offer gives you the opportunity to place your first wager stress-free. Lose your bet? No problem. The sportsbook will refund the amount, usually in the form of site credit.
- Deposit match: Some Tennessee betting sites will match your initial deposit. Read the fine print to see if there is a maximum amount and/or playthrough requirements.
- No deposit bonus: This is essentially bonus money — a small bonus credited to your account just for signing up.
Choose your bet
Aside from the inability to live bet college sports, you’ll find all other popular bet types on Tennessee online sportsbooks. These include moneylines, point spreads, Over/Under (totals), futures, prop betting, teasers, and more.
Deposit
Tennessee bettors can fund their accounts with ease using the best sportsbook deposit and withdrawal methods, including debit cards, credit cards, bank transfers, PayPal, PayNearMe, and more.
Start betting
Line shopping is always a good idea — and this especially rings true in Tennessee. It’s crucial to identify the sportsbook(s) offering the best lines. Not every Tennessee online sportsbook will offer the same betting lines, so it’s up to players to make sure they’re not leaving any money on the table.
Withdraw
While deposits will be nearly instantaneous, players should expect withdrawals to take a bit longer to process. Be sure to familiarize yourself with each Tennessee sportsbook’s terms and conditions and keep an eye on the fees associated with your institution or payment processor of choice.
Odds explained
Tennessee sportsbooks use American Odds as the default option. Favorites are shown with a minus (-) sign and tell you the amount you have to wager in order to win $100. For example, if the Nashville Predators have -120 odds, $120 needs to be wagered to take home $100 in profit.
A plus (+) sign is used to determine the underdog. This line shows you the amount you’ll win when placing a $100 bet. If the Predators face a tough opponent and have +180 odds, you’d take home $180 in profit when placing a wager of $100. You are less likely to win wagering on an underdog — but receive a more favorable betting line and potentially a bigger payout.
Moneyline odds are displayed for other types of bets as well. Some players prefer to view decimal odds, and some Tennessee sportsbooks may support that functionality. Check out our odds converter to switch from American to decimal or fractions.
What you can't bet on in Tennessee
There are very few limitations on Tennessee sports betting rules, but a few types of college wagers are unavailable. You won't find any high school athletics to wager on either, as all amateur sports involving underage athletes are off-limits.
NFL Draft
The hype around the league's signature offseason event is real, especially with regard to betting. Tennessee bettors reside in one of the states where you can legally bet on the 2024 NFL Draft for all seven rounds. Follow along for the latest NFL Draft betting odds for daily changes to the props markets.
College sports
College sports betting is fair game in Tennessee, with the exception of live betting and college player props. Aside from that, sports bettors are free to place wagers on both in and out-of-state college games.
esports
Tennessee is one of few states to include esports gambling in their sports betting laws. Tennessee offers legal esports betting sites; however, The Tennessee Sports Wagering Advisory Council (SWAC) does need to approve each event individually before online sportsbooks can offer any odds to interested bettors.
Politics
Tennesseans are not permitted to bet on politics, at any level, in the Volunteer State.
What about Tennessee college sports betting?
College sports betting are fair game in Tennessee, with the exception of live betting and college player props. Aside from that, sports bettors are free to place wagers on both in and out-of-state college games.
What about the NFL Draft?
The hype around the league's signature offseason event is real, especially with regard to betting. Tennessee bettors can capitalize on this legal market for all seven rounds of the NFL Draft. Daily changes to the prop markets and the barrage of news updates fuel the betting action.
What about esports?
Tennessee is one of few states to include esports gambling in their sports betting laws. Tennessee sportsbooks are able to offer esports betting; however, the Tennessee Sports Wagering Advisory Council (SWAC) does need to approve each event individually before online sportsbooks can offer any odds to interested bettors.
Tennessee sports betting handle
Although sports betting — and gambling in general — is relatively new to Tennesseans, the Volunteer State became the quickest in the nation to reach $1 billion in sports bets. It took Tennessee just six months to hit 10 figures.
Here’s a breakdown of Tennessee’s sports betting earnings thus far:
Yearly breakdown
| Year | Total handle | Revenue | Hold percentage | Tax revenue |
|---|---|---|---|---|
| 2024 | - | - | - | - |
| 2023 | $4.29B | $451M | 10.6% | $83.6M |
| 2022 | $3.83B | $379.4M | 9.9% | $68M |
| 2021 | $2.6B | $239.9M | - | $39.3M |
| 2020 | $312M | $27M | 8.8% | $5.4M |
Monthly handle
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
| 2024 | $467.4M | $380.3M | $473.6M | $384.2M | $381.8M | $344.8M | $273.9M | $344.4M | $524.7M | - | - | - | $2.43B |
| 2023 | $410.7M | $327.3M | $392.6M | $318.4M | $279.8M | $230.3M | $215.5M | $243.5M | $420M | $445.2M | $517.1M | $495M | $4.29B |
| 2022 | $386M | $313.3M | $370M | $292.8M | $261.6M | $216M | $182.8M | $205.9M | $336.9M | $405.3M | $439.5M | $440.4M | $3.83B |
| 2021 | $211M | $176M | $206M | $172M | $160M | $174.5M | $144.5M | $144.5M | $257M | $375.3M | $365.7M | $341.8M | $2.6B |
| 2020 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $131M | $181M | $312M |
Home team advantage: Tennessee sports
While it’s legal to bet on hometown teams in Tennessee, it’s important to ensure that sports fans research all bets and place them carefully. As much as you may like the Tennessee Titans or the Memphis Grizzlies, always try to stay objective when assessing your favorite team’s odds of coming out on top. Brush up on key terms and bet types with our how to bet guides.
Although no upcoming fights are scheduled in the Volunteer State, the best UFC betting sites and top boxing betting sites allow you to easily browse the markets and back fighters you can cheer on as passionately as your hometown teams.
Tennessee sports betting law
Tennessee sports betting law mimics the European-style licensing system, allowing unlimited online and mobile wagering licenses.
Take a closer look at the legal Tennessee sports betting environment:
- The Sports Wagering Advisory Council regulates sports betting in Tennessee.
- Persons 21 years of age can partake in Tennessee sports betting.
- 12 online sportsbooks operate within Tennessee.
- Wagering on college sports and the NFL Draft is legal in Tennessee.
- Betting on esports is regulated, and each league and its events must be submitted for approval first.
- Tennessee does not tax lottery winnings, but the federal government does.
- Sports wagering is taxed at 20% of gross gaming revenue (GGR).
- House Bill 1 authorizes online and mobile wagering on professional and collegiate sporting events.
Other types of gambling
Gov. Bill Lee has been openly and adamantly opposed to the idea of casinos — or any other retail operation — opening its doors in Tennessee. Consequently, it’s doubtful we’ll see any form of retail gambling in the state any time soon.
Tennesseans may not have a racetrack or off-track betting (OTB) outlet to visit in person, but pari-mutuel bets may be placed online. Daily fantasy sports have also been a popular choice in Tennessee since 2016.
Casino
Although you won’t find a single casino in the state, Tennesseeans do have some options if they’re willing to travel outside of state lines.
Neighboring states such as Alabama, Arkansas, Missouri, Mississippi, and North Carolina are all home to a number of casinos. For those residing in Memphis, Tunica, Mississippi may be the best option for in-person casino gambling. Tunica is home to six large casinos — all boasting an impressive lineup of table games and slot machines.
Those looking for legal online casino alternatives in Tennessee can enjoy sweepstakes casinos like Chumba Casino and LuckyLand Slots. Here, you’ll find a variety of slots, blackjack, video poker, and more.
Poker
Unsurprisingly, there is no live poker in Tennessee. The only online option for Tennesseeans is Global Poker, which uses the sweepstakes model to remain legally compliant in the state.
Horse racing
Tennessee gamblers are free to place pari-mutuel bets online with the best horse racing betting sites — TVG and TwinSpires. There is no horse racing in the state itself, but it is legal to wager on other races around the country.
There have been some attempts to bring horse racing back to the Volunteer State, but strict gambling laws have thwarted these recent efforts.
Daily fantasy sports
Tennessee lawmakers passed a bill to legalize daily fantasy sports back in 2016. It was somewhat surprising to see the historically conservative state become just the third to legalize and regulate DFS.
FanDuel and DraftKings were early to market in Tennessee and lead the way in terms of offerings and prizes. Just download a sportsbook app and you're all set. Other sites include Yahoo, Fantasy Draft, Draft Day, Monkey Knife Fight, and Daily Number.
Quick facts: Tennessee sports betting
While Tennessee doesn't offer any brick-and-mortar retail sportsbooks or casinos, bettors still have the option of mobile betting.
Keep an eye on our Tennessee sports betting quick facts table below for all the latest:
| Launch date | Nov. 1, 2022 |
| Legal age for betting | 21 |
| Online sports betting | Yes ✅ |
| Number of betting licenses | 13 |
| Number of betting sites | 12 |
| Remote registration | Yes ✅ |
| Retail sportsbooks | No ❌ |
| Online casino sites | No ❌ |
| Online poker | No ❌ |
| Retail casinos | No ❌ |
| Betting on college sports | Yes ✅ |
| Betting on esports | Yes ✅ |
| State population | 7.05 million |
| Total handle (2023) | $4.29 billion |
| Tax rate | 20% |
| State regulator | Tennessee Sports Wagering Advisory Council |
| Last Verified | Dec. 3, 2024 ✅ |
Responsible gaming in Tennessee
With sports betting legal in Tennessee, state regulators have introduced a variety of resources for individuals dealing with a gambling addiction. Helplines, educational services, counseling, and support groups are easily accessible for those looking for ways to tackle their gambling problems.
Additionally, 5% of all sportsbook revenue in Tennessee is donated to the Tennessee Department of Mental Health and Substance Abuse’s problem gambling resources.
Players can also set maximum bet and/or deposit limits for themselves when visiting a casino.
Legal U.S. sports betting markets
While Tennessee introduced online-only legal sports betting legislation, other states have adopted both in-person and online wagering. Currently, sports betting is legal in the following U.S. jurisdictions:
Recent legal U.S. sports betting launches
Legal North Carolina sports betting went live on March 11, 2024. Tar Heel State bettors can now register with FanDuel, DraftKings, bet365, and more to take advantage of sign-up offers.
Vermont sports betting launched on Jan. 11, 2024. Three operators — FanDuel, DraftKings, and Fanatics Sportsbook — became available to VT bettors on day one.
Legal Maine sports betting became a reality on Nov. 3, 2023, with the arrival of online betting giants DraftKings and Caesars Sportsbook. Retail sports betting is set to follow suit, but the timeline for legalization is currently unclear.
Kentucky sports betting kicked off on Sept. 7, 2023, with retail operations going live. Online sports betting touched down in the Bluegrass State a few weeks later, launching on Sept. 28.
Potential legal U.S. sports betting markets
Though places like Tennessee have generated thriving legal sports betting markets, there are states moving toward legal sports betting that are still looking to do the same.
Here's a list of regions which may potentially offer legal sports gambling soon:
Tennessee sports betting history
Governor Bill Lee somewhat reluctantly signed Tennessee sports betting into law. Now, 12 online betting sites call the Volunteer State home, and an unlimited number of operators may apply for a Tennessee sportsbook license.
2024: Bally Bet launched its online sportsbook in Tennessee.
2023: ZenSports applies for licensure and goes live; Fanatics obtains its Tennessee sports betting license and launches its mobile sportsbook. WynnBET shutters its Tennessee sportsbook.
2022: Online Tennesse sports betting launches on November 1.
2021: Senate Bill 588 sees the Tennessee Sports Wagering Advisory Council (SWAC) assume regulatory authority over sports betting from the Tennessee Education Lottery Corporation Board.
2020: SWAC adopts a series of Sports Gaming Rules.
2019: Despite Gov. Lee's opposition, Tennessee enacts an online-only sports wagering law.
Tennessee sports betting resources
We uncovered several resources to help you further navigate legal Tennessee sports betting:
- Sports Wagering Advisory Council: Tennessee regulator
- Tennessee REDLINE - 800-889-9789: 24-hour hotline for people and families seeking problem gambling services
- National Council on Problem Gambling: Resource for gambling and problem gambling in Tennessee
- Sports Gaming Rules: Tennessee sports betting rules
- House Bill 1: Tennessee online and mobile wagering bill.
- Senate Bill 475: Legislation in Tennessee to impose a 2% tax rate on the total sports betting handle of operators.
- Approved licensees and registrants: Complete list of approved Tennessee sports betting licensees
Tennessee sports betting conclusion
Tennessee sports betting has as much going for it as it does working against it. The availability of esports and remote wagering is a boon, as well as the lack of a cap on operators. The total handle will be sure to see a steady increase in the coming years.
On the other hand, the mandated 10% hold on all wagers is a massive hindrance to Tennessee sportsbooks. It means less favorable odds and less likelihood that sports fans will be sustainably profitable. Eager bettors also have no choice but to use online Tennessee sports betting sites, as no in-person betting or retail sportsbooks are permitted.
Sportsbooks to avoid in Tennessee
See all blacklisted sportsbooks 
Tennessee sports bettors do have access to offshore betting sites, but it is illegal to gamble with these unlicensed providers. Although it may be tempting to seek out better lines, it’s highly recommended you avoid these sportsbooks and stick to legal, regulated Tennessee sports betting sites.
- Allegations of withdrawal issues
- No license information available on site
- Poor customer service
- Multiple reports of slow payments
- Allegations of non-payments
- Risk of account closure simply for winning bets
- Reports of confiscated winnings
- Slow customer support response times
Tennessee sports betting FAQ
Yes, sports betting is legal in Tennessee if you are 21 or older. Tennessee sports betting sites are regulated by the Tennessee Sports Wagering Advisory Council.
No, you do not have to be a Tennessee resident to bet on sports in Tennessee. You do, however, need to be physically present in the state to place a wager.
Sports bettors can place wagers online by visiting a legal Tennessee sports betting site or downloading a mobile app.
No, there are no retail Tennessee sportsbooks as the state has legalized online sports betting only.
Yes, you may bet on both professional and collegiate teams in Tennessee. This is great news as you can place bets on the Memphis Grizzlies, Nashville Predators, Tennessee Titans, and more. Some bets, like college player props and live betting, are not permitted, however.
Tennessee’s online-only sports betting plan generated $83.6 million in tax revenue in 2023.
Sports bets can only be placed in Tennessee by visiting an online sportsbook website or downloading a sports betting app. In-person retail betting is not available in Tennessee.
As all sports bets must be placed remotely in Tennessee, bettors come from all across the Volunteer State. Memphis residents regularly jump across the border to bet in person at Mississippi casinos.
Yes, DraftKings was among the first online sportsbooks to launch in Tennessee on November 1, 2020.
Yes, FanDuel Sportsbook joined DraftKings as an early entrant into the world of Tennessee sports betting.
No, Barstool Sportsbook is not legal to operate in Tennessee, as the online sportsbook has ceased operations.
The best promo code in Tennessee is COVERSBONUS from BetMGM, unlocking up to $1,000 back in bonus bets.
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