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Online betting is now live and legal in Tennessee, which means there are plenty of betting sites you can sign up to within the state. In this guide, we take you through the best sports betting sites in TN, including the bonuses on offer, betting options, and other unique features they offer. So, read on to learn more about the best offshore gambling sites that provide superior sports betting platforms.
BetOnline Sports
50% Bonus up to $1,000 50% Bonus up to $1,000
Bovada Sports
50% Bonus up to $250 50% Bonus up to $250
BetNow Sports
150% Bonus up to $225 150% Bonus up to $225
Everygame Sports
100% Bonus up to $500 100% Bonus up to $500
BetUS Sports
100% Sports + 25% Casino Combo Bonus 100% Sports + 25% Casino Combo Bonus
MyBookie Sports
50% Bonus up to $1,000 50% Bonus up to $1,000
BUSR Sports
100% Bonus up to $2,500 100% Bonus up to $2,500
SportsBetting.ag Sports
100% Bonus up to $500 100% Bonus up to $500
XBet Sports
50% Bonus up to $500 50% Bonus up to $500
Lucky Block Sports
200% Bonus up to $10,000 200% Bonus up to $10,000
TG.Casino Sports
200% Instant Bonus up to 10ETH 200% Instant Bonus up to 10ETH
Mega Dice Sports
200% Bonus up to 1 BTC 200% Bonus up to 1 BTC
WSM Casino
200% Up To $25,000 200% Up To $25,000
BetOnline Sports
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Bovada Sports
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BetNow Sports
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Everygame Sports
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BetUS Sports
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MyBookie Sports
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BUSR Sports
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SportsBetting.ag Sports
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XBet Sports
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Lucky Block Sports
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Top 10 Tennessee Online Sports Betting Sites
- BetOnline – The Very Best Tennessee Sports Betting Site Around
- Everygame – One of the Best Tennessee Sportsbooks for Soccer Betting
- Bovada – The Best TN Sportsbook for Newcomers to Online Betting
- BetNow – A Plentiful Supply of Promotional Offers
- MyBookie – Among the Best VIP Programs for Tennessee Betting Fans
- BetUS – Live Stream Sports with the BetUS TV Streaming Feature
- SportsBetting.ag – 24/7 Customer Support Across Multiple Channels
- Jazz Sports – Plenty of Promotions for Sports Betting in TN
- Lucky Block – The Best Bitcoin Sportsbook in Tennessee
- Mega Dice – Top TN Sportsbook for MLB Betting
Best Tennessee Sportsbooks Reviewed
1. BetOnline – The Very Best Tennessee Sports Betting Site Around
- Pay-out Time: Customers receive payouts in 48 hours
- Established: 2007
- License: The Republic of Panama.
- Headquarters: Panama City
- Restricted States: New Jersey
Our Verdict (Rating 9.8/10)
Here, we start things off with one of our favorite Tennessee sports betting sites. Before we get into the specific features of the sportsbook, it’s worth mentioning that BetOnline has an exciting welcome offer for new users to claim, as well as a number of other promotions for existing customers to cash in on. It also has top-notch customer service, available 24/7, and an array of secure payment methods to choose from.
Now, onto the more pressing matters at hand: the sportsbook. When we jumped into the BetOnline sportsbook, we first had a look at the sports from A to Z. We found that we had more than just a few options available to us. From our favorite US sports to things like League of Legends (eSports), the UFC, Formula 1, golf, tennis, and more, we had plenty to bet on.
BetOnline has more than just a decent range of sports to bet on, though. Aside from the usual moneyline, over/under, and spread markets, we found that we could use a prop-building tool for our betting slips, and we could make use of same-game parlays as well. These tools made our betting experience just a little bit more diverse and exciting on the site.
And finally, and probably our favorite feature of the site outside of the live betting feature, was the BetTV tool. BetTV is a stellar news source on the site that gives you an in-depth look into upcoming fixtures for popular sports like the NFL, NBA, NHL, golf, tennis, and more. It’s incredibly useful for all levels of gambling experience, as it gives you useful information on which way you should potentially be leaning with your bets.
Features Overview
- Promotions & Rewards: 9.1/10
- Desktop Experience: 9/5/10
- Mobile Experience: 9.4/10
- Registration Process: 8.9/10
- Payment Methods: 9.3/10
- Sportsbook: 9.8/10
- Customer Support: 9.2/10
Top Sign-Up Offers:
Bonus name
Bonus amount
Promo code
Rollover
Minimum deposit
Bitcoin accepted?
Welcome Bonus
50% up to $1,000
BET1000
10x
$55
✅
Crypto Welcome Bonus
100% up to $1,000
BET1000
14x
$20
✅
Pros: Cons:
2. Everygame – One of the Best Tennessee Sportsbooks for Soccer Betting
- Pay-out Time: Customers receive payouts in 5 to 10 business days
- Established: 2013
- License: The Government of Curacao
- Headquarters: Florida, USA
- Restricted States: Kentucky, Louisiana, Maryland, Missouri, New Jersey, New York, Washington State
Our Verdict (Rating 8.8/10)
Everygame earned its spot in our list with its superb sportsbook, but more so than that, it has gotten many other elements right as well. For instance, the $200 welcome bonus is a great way for new users to get things started on the site. It also has a couple of other promos for both new and existing customers as well. In fact, there always seems to be some kind of offer you can claim on Everygame.
It’s great to know that you can claim a few promos on the site, but what you will enjoy most, as we did, is the sportsbook itself. On the left of your screen at Everygame, you can see the list of the most popular sports, including football, ice hockey, golf, basketball, tennis, and soccer. Below that, you can find the rest of the 25+ sports on the site.
If you want to expand your horizons beyond pre-match betting markets (of which there are many on the site), you can use the live betting feature. The live betting feature comes with its own markets and set of odds, so it gives you an added element to sports betting with Everygame. Another feature we liked in the sportsbook was the hottest bets that we found, where you can check out what the biggest and most popular bets of the day are.
You will likely notice the same thing that we did, which is the fact that Everygame does seem to lean into the popularity of soccer markets. We say this because we found, clear as day, soccer coupons and soccer outrights in the menu above the sports. We checked them out and found the soccer coupons to basically be odds boosters, whereas the outrights just made things easy for you when it comes to adding soccer events to your betting slip.
Features Overview
- Promotions & Rewards: 9.2/10
- Desktop Experience: 9.2/10
- Mobile Experience: 8.9/10
- Registration Process: 8.5/10
- Payment Methods: 8/10
- Sportsbook: 8/9/10
- Customer Support: 8.5/10
Top Sign-Up Offers:
Bonus name
Bonus amount
Promo code
Rollover
Minimum deposit
Bitcoin accepted?
Welcome Bonus
100% up to $750 (3 x $250)
WELCOME200
8x
$10
✅
Pros: Cons:
3. Bovada – The Best TN Sportsbook for Newcomers to Online Betting
- Pay-out Time: Customers receive payouts in 24-48 Hours
- Established: 2003
- License: Panama Gaming Commission
- Headquarters: Panama City, Panama
- Restricted States: Delaware, Maryland, Nevada, New Jersey, New York
Our Verdict (Rating 8.7/10)
First things first, you can get your hands on a pretty nifty welcome bonus up to a very decent $1,000 when you sign up at Bovada. The 50% match could be better, but you can still get more cash to bet with, which, at the end of the day, is what you want. There is also a stellar loyalty program on the site where you can get yourself some extra cashback offers and bonuses as well.
It’s worth mentioning that what we liked about the site first was the actual user interface. We had a really smooth experience making our way through the site, finding sports, checking out deposit options, and more. This translated well when we had a look through the various sports that include about 25+ options. These sports have a number of markets for you to choose from, as we found a couple hundred per event we looked at.
Bovada may not have live streaming available right now, but instead, it has a fantastic live sports betting feature. What’s key with a feature like this is that it runs without any delay. We tried our hand at a few small live bets, and we were more than happy with not only the speed at which the bets were placed but also with the range of markets we could choose from and the competitive nature of the odds as well.
Features Overview
- Promotions & Rewards: 8.5/10
- Desktop Experience: 8.6/10
- Mobile Experience: 8.5/10
- Registration Process: 8.5/10
- Payment Methods: 8.4/10
- Sportsbook: 8.7/10
- Customer Support: 8.2/10
Top Sign-Up Offers:
Pros: Cons:
Bonus name
Bonus amount
Promo code
Rollover
Minimum deposit
Bitcoin accepted?
Welcome Bonus
50% up to $250
BTCSWB750
5x
$20
✅
Crypto Welcome Bonus
75% up to $750
BTCSWB750
5x
$20
✅
4. BetNow – A Plentiful Supply of Promotional Offers
- Pay-out Time: Customers can expect a payout within 48 hours
- Established: 2014
- License: The Government of Curacao
- Headquarters: Costa Rica
- Restricted States: Delaware, Florida, Hawaii, Nevada, New Jersey, New York, Pennsylvania, Washington State
Our Verdict (Rating 8.5/10)
The BetNow welcome bonus may seem a little small at face value, and sure, it could be a little bigger. With that said, it does give you a big percentage boost, which means that you can claim the $300 by depositing very little on your part, as the percentage match is 150%. If you need more in the way of promos, there are offers like the sports betting rebate, weekly contests where you can win big, and more.
Now, the range of sports at BetNow is great. The sportsbook itself isn’t going to blow anyone away with its artistic approach, but we didn’t really care as we found a number of sports that we could bet on, and that’s what we were really there for. From motorsports, combat sports, and eSports to soccer, baseball, basketball, and more, we were happy with what was available to us.
A feature on the site we liked was the bet builder option. It really just made creating our bets with the range of prop bets and markets on the site a lot easier, so before we knew it, we had created an interesting betting slip. Plus, the live betting options on the site were also great, so all in all, we were happy with the fact that we could mix and match to our heart’s content with BetNow.
Features Overview
- Promotions & Rewards: 8.7/10
- Desktop Experience: 9.1/10
- Mobile Experience: 8.4/10
- Registration Process: 8.6/10
- Payment Methods: 8.3/10
- Sportsbook: 8.8/10
- Customer Support: 8.5/10
Top Sign-Up Offers:
Bonus Name
Bonus Amount
Promo Code
Rollover
Minimum Deposit
Bitcoin Accepted?
Sports Welcome Bonus
50% up to $500
BN150
10x
$20
✅
Pros: Cons:
5. MyBookie – Among the Best VIP Programs for Tennessee Betting Fans
- Pay-out Time: Customers receive payout in 24-48 Hours
- Established: 2003
- License: Panama Gaming Commission
- Headquarters: Panama City, Panama
- Restricted States: Available in all states
Our Verdict (Rating 8.4/10)
MyBookie sportsbook certainly surprised us as we browsed through it for this review. The UI is smooth, so navigating between the different sports was easy. The number of sports available on the site was plentiful, so we found everything we wanted, from popular options like the NBA and English Premier League to the more niche choices like handball and even eSports like Counter-Strike.
Plus, MyBookie also keeps things in line with the industry standard when it comes to its sportsbook bonus. New users can grab up to $1,000 when they sign up and if they choose. The matched percentage is 50%, so you will need to make a sizable deposit if you want the whole bonus. Outside of that, you can get dedicated customer service, monthly cashbacks, extra bonuses, and more via the VIP program. However, it is invite-only, so you will need to do some serious betting on the platform to catch an invite.
There are also a couple of other features that we enjoyed using on the site. The live betting feature was definitely a standout. We could clearly see the lines for moneyline, spread, and totals for the live events. Placing a few bets was easy, and we could even use a few odds boosters for the live markets as well.
That wasn’t everything, though, we also found heaps of contests we could enter for things like the NFL. We also found a useful news section on the site where we could stay up to date with any important happenings in popular sports that could help us make smarter betting decisions.
Features Overview
- Promotions & Rewards: 8.5/10
- Desktop Experience: 8.6/10
- Mobile Experience: 8.5/10
- Registration Process: 8/10
- Payment Methods: 8.6/10
- Sportsbook: 9/10
- Customer Support: 8.1/10
Top Sign-Up Offers:
Bonus name
Bonus amount
Promo code
Rollover
Minimum deposit
Bitcoin accepted?
Welcome Bonus
50% up to $1,000
MYB50
10x
$50
✅
Pros: Cons:
Tennessee Online Sports Betting Legislation Timeline
The mission to get legal Tennessee sports betting was completed in May 2019. This is the point when Governor Bill Lee allowed a sports betting bill to become law without his signature. The legislation, HB0001, legalized online and mobile sportsbooks in the state. Tennessee became the first state to only allow online sports betting without the need for brick-and-mortar sportsbooks.
The Tennessee Education Lottery Corporation began accepting license applications for sports betting sites on July 1, 2019. The first four operators were approved in March 2020.
Sports betting officially launched in Tennessee on November 1, 2020, with the four licensed operators offering various wagering options. On January 1, 2021, the sports betting regulatory authority transitioned from the Tennessee Education Lottery Corporation (TELC) to the Sports Wagering Advisory Council (SWAC).
Key Dates & Events
- March 2023: SB 475 / HB 1362 that both would put unbalanced taxation on gaming companies is still put behind budget.
- January 16, 2023: The state of Tennessee ends 2022 on a high note, announcing a record-breaking $440 million in sports wagers.
- September 1, 2021: Tennessee’s sports betting market surpasses $1 billion in total wagers.
- January 1, 2021: The power transfer from the Tennessee Education Lottery to the Sports Wagering Advisory Council (SWAC) happens. Both organizations collaborated closely during the transition period.
- November 1, 2020: Sports betting officially launches in Tennessee with four licensed operators.
- May 19, 2019: Governor Bill Lee allows a sports betting bill, HB 0001, to become law without his signature.
Tennessee Online Sports Betting Regulation
The Tennessee Lottery Corporation was the initial regulator of TN sportsbooks. TELC was created in 2003 as an independent state government agency.
Now, Tennessee’s online sports betting regulation falls under the responsibility of the Sports Wagering Advisory Council. SWAC’s main duties include supervising the registration and licensing procedure for operators and vendors. It also ensures that these entities comply with the Tennessee Sports Wagering Act and its relevant regulations.
Additionally, SWAC monitors the activities of sports betting operators and industry vendors. Its goal is to ensure that operators follow state rules and regulations governing online sports betting.
Sports Betting Licensing in Tennessee
Tennessee online gambling officially began in May 2019, when Governor Bill Lee allowed an online sports betting bill to become law without his signature. The bill legalized online and mobile sports betting in the state, making Tennessee the first state to only allow online betting without accompanying physical sportsbooks.
The Tennessee Education Lottery Corporation began accepting license applications for sports betting operators on July 1, 2019.
Sports betting officially launched in Tennessee on November 1, 2020, with the four licensed operators offering many sports and betting options. On January 1, 2021, the sports betting regulatory authority transitioned The Tennessee Education Lottery Corporation to the Sports Wagering Advisory Council (SWAC).
Tennessee Online Sports Betting Bonuses
Whether you’re new to sports betting or an experienced bettor, you should appreciate the Tennessee sports betting bonuses. All TN sportsbooks offer bonuses, which are excellent ways to maximize winnings and try out new betting sites. If you’re a new player, make sure you claim a generous welcome bonus upon registering. If you’re a returning customer, you’ll find promotions that will reward your loyalty and boost your bankroll.
TN sportsbooks constantly update their bonuses to keep things interesting. So check out a sportsbook’s Promotions section for the latest offers. Understanding a bonus’ terms and conditions before redeeming it is also essential. Our Techopedia experts have covered some common TN sportsbook promotions below to get you started.
Welcome Bonuses
A welcome bonus greets new players when they register at TN sports betting sites and can include free bets, deposit matches, or no-deposit bonuses. It can only be claimed once per new sportsbook account.
Deposit Match Bonuses
With deposit match bonuses, Tennessee online sportsbooks match a percentage of your deposit up to a set amount. For instance, a 100% deposit-match bonus of up to $200 means that your first deposit will be matched up to $200. Remember, you must play through your winnings to fulfill wagering requirements before cashing out.
No Deposit Bonuses
A no deposit bonus is a reward you can obtain from a Tennessee online sports betting site without depositing. Usually, these bonuses are welcome offers and will credit your account with bonus funds once you sign up. Although you can keep your winnings, you’ll typically need to fulfill specific requirements (e.g., 1x rollover). It’s always wise to check the terms and conditions of a no-deposit bonus before claiming it.
Sportsbook Bonus Codes
Tennessee sportsbooks use exclusive bonus codes to reward specific players. These bonus codes combine characters and letters that you enter during registration or when depositing. Bonus codes typically indicate what type of bonus a player can claim. For instance, a bonus code like “$20FREE” may provide $20 worth of free bets. Remember, though, that this is just an example and will not be valid on a Tennessee sports betting site.
Second Chance Bets
Tennessee sports betting sites provide second-chance bets as insurance on your first wager. If the bet loses, you will get a refund in the form of a bonus bet(s). If the wager wins, you keep your winnings (subject to the site’s terms and conditions).
Bonus Bets
Tennessee sportsbooks provide bonus bets, allowing you to place a wager on a particular sporting event without using your money. If your bonus bet results in a win, you can claim your winnings (subject to terms and conditions) but not the initial stake. Also, in most cases, you can only cash out after you’ve made a first deposit.
Parlay Insurance
Parlay insurance is a promotion offered by Tennessee online sports betting sites that acts as a safety net for parlay bettors. If you place a parlay bet and miss one or more of your selections, you’ll receive a refund of your bet amount. The purpose of parlay insurance is to encourage you to make more parlay bets. Parlays are riskier than individual wagers, but they normally pay out more when successful.
Odds Boosts
Tennessee sports betting sites offer odds boosts to increase the potential payout for a specific bet. This deal provides better odds for you and potentially increases your winnings. Boosted odds are often available for a limited time and may have certain restrictions or limitations.
How to Register with Tennessee Online Sports Betting Sites
Signing up with a Tennessee online sportsbook is quick and easy. By following the step-by-step guide below, you can get started within minutes.
- Click any link on this page to visit a Tennessee sports betting site.
- After choosing a Tennessee sportsbook, create an account by providing your personal details, including name, date of birth, and address.
- To comply with state regulations, you may need to verify your account by providing additional identification documents (e.g., driver’s license).
- After verifying your account, you can deposit funds using a permitted banking option such as a credit card, e-wallet, or online bank transfer.
- Once your account has funds, select the sport and market you wish to bet on. Tennessee allows wagering on various sports, including football, basketball, baseball, hockey, and more.
- Choose the type of bet you want to place, enter the stake, then confirm your wager.
- Wait for the outcome. If your bet wins, you will receive the payout according to the odds and entered stake.
- If you’re a lucky winner, withdraw your winnings using an available banking option. Note that different withdrawal methods may have varying processing times. Before you can withdraw, you must verify your identity and address.
Tennessee Online and Mobile Sports Betting
State betting law in Tennessee was one-of-a-kind when it was signed, creating the country’s first online-exclusive market. You can gamble anywhere in the Volunteer State if you’re over 21 and within state lines. Find out more details about Tennessee online sports betting below.
Desktop Sports Betting
Some Tennessee online sportsbooks offer a desktop client that’s easy to navigate and provides many sports betting options. Although a computer isn’t always as accessible as a mobile phone, TN desktop sportsbook clients provide a user-friendly interface, fast loading times, and full menus. So placing bets and managing your account from your computer is a breeze.
Desktop sports betting clients also offer rich features, including in-depth information on various sports and events, real-time updates, and statistics. Plus, everything is laid out for you comfortably on your screen. You can also make deposits and withdrawals using various payment methods, ensuring a hassle-free betting experience.
Mobile Sports
If you’re looking to bet from anywhere in TN, mobile sports betting is also legal in Tennessee. You can place bets on your favorite sports events from anywhere in the state using smartphones or tablets. Tennessee sportsbooks offer both responsive mobile HTML5 sites and native betting apps. Whichever TN mobile betting experience you choose, you’ll get the best live streaming, real-time updates, and in-depth information (i.e., predictions and statistics).
Downloading a Tennessee sportsbook app provides the most intuitive navigation and best connectivity, allowing you to customize in-app alerts and stay informed on odds, promotions, and upcoming events. All you need is a mobile device and an internet connection to enjoy the complete mobile sports betting experience at your fingertips.
Payment Methods in Tennessee
Tennessee online sportsbooks offer secure and convenient payment methods for both depositing and withdrawing funds. Popular payment options include credit and debit cards, e-wallets (e.g., Neteller), bank transfers, and prepaid cards.
When choosing suitable payment methods, you should consider processing times, fees, and convenience. Here are some commonly available payment options available at Tennessee sports betting sites.
- Credit and Debit Cards: These are the most widely accepted payment methods to fund TN sportsbook accounts. Some banks still surprisingly block gambling-related transactions due to old anti-gambling laws.
- Bank and Wire Transfers: Transfer funds directly from your account to your chosen TN online betting site. Transfers are secure and convenient, but they’re slower payment options.
- E-wallets: Skrill and Paypal are popular payment options among TN bettors. E-wallets are secure and fast and may offer exclusive bonuses. In addition, using e-wallets prevents the need to share your bank details with betting operators.
- Prepaid Cards: PayNearMe provides a convenient and secure payment option. You can buy a card at a convenience store like 7-Eleven, top it up with your desired bankroll, and then upload it to your Tennessee betting account. You don’t have to provide any bank details when depositing because prepaid cards are also a good way to control your bankroll. Unfortunately, you cannot withdraw money via this method.
- Play+: This card allows you to fund online gambling accounts safely and conveniently. The card can be loaded with funds using various payment methods, including bank transfers and debit cards. Many real money online casinos and sportsbooks accept Play+ cards and offer fast and secure transactions with added protection for sensitive financial information. You can also withdraw funds onto a Play+ card while easily accessing winnings afterward.
Responsible Gambling in Tennessee
SWAC is responsible for ensuring responsible gambling practices are in place at TN sports betting sites. It has implemented various measures to help prevent problem gambling and ensures that players can access resources if needed.
One of the critical measures in place is a voluntary self-exclusion program, which allows players to exclude themselves from accessing sports betting services for a set period. Players can sign up for the program through the SWAC’s website, and the exclusion period can range from six months to five years. Once a player is on the self-exclusion list, they cannot access sports betting services, and operators must take steps to prevent them from creating new accounts.
In addition, the SWAC requires licensed sports betting operators to display responsible gambling resources prominently on their websites and Tennessee betting apps. These resources include links to organizations providing support and counselling for problem gambling and information on setting deposit and time limits for betting sessions.
You can also contact national organizations like Gamblers Anonymous, which organize meetings across the US, including in Tennessee. Most of these national organizations offer 24/7 support and invaluable resources to those struggling with addiction and other gambling-related issues.
Tennessee Responsible Gambling Resources
- National Council on Problem Gambling Tennessee – 1-800-522-4700
- Problem Gambling Programs
Teams to Bet on in Tennessee
Take a look at the best teams to bet on in the great state of Tennessee.
Pro Sports
Nashville Predators
The Nashville Predators are a professional ice hockey team based in Nashville, Tennessee. They play in the National Hockey League (NHL) and have made 15 playoff appearances, including a trip to the 2017 Stanley Cup Finals.
Tennessee Titans
The Tennessee Titans are a professional football team based in Nashville, Tennessee. Founded as the Houston Oilers in 1959, the team relocated to Tennessee in 1997. The Titans play in the National Football League (NFL) and have won 11 divisional titles. They’ve also captured one conference championship and have played in a Super Bowl.
Memphis Grizzlies
The Memphis Grizzlies are a professional basketball team based in Memphis, Tennessee. They play in the National Basketball Association (NBA) and have made 13 playoff appearances, including one trip to the Western Conference Finals.
Nashville SC
Nashville SC is a professional soccer team based in Nashville, Tennessee. This team plays in Major League Soccer (MLS) and made the playoffs in its first two seasons. Formerly playing its home games at Nissan Stadium, the team moved to its owned-and-operated soccer-specific stadium, GEODIS Park, at Nashville Fairgrounds in May 2022.
College Sports
University of Tennessee Volunteers
The University of Tennessee Volunteers football team plays in the Southeastern Conference (SEC) and has won six national championships. This school enjoys a strong following and plays home games at Neyland Stadium in Knoxville, Tennessee. Its basketball program made several NCAA tournament appearances, including a trip to the Elite Eight in 2019. The Vols play home games at Thompson-Boling Arena in Knoxville, Tennessee.
Vanderbilt University Commodores
The Vanderbilt University Commodores baseball team plays in the Southeastern Conference (SEC) and has won two national championships. They have consistently been one of the top baseball programs in the country.
University of Memphis Tigers
The University of Memphis Tigers basketball team competes in the American Athletic Conference (AAC). It has clinched several NCAA tournament berths, including a trip to the 1973 championship game. The Tigers play home games at FedEx Forum in Memphis, Tennessee.
Middle Tennessee State University
The Middle Tennessee State University Blue Raiders football team plays in Conference USA. The Blur Raiders were a Division I Football Championship Subdivision (FCS) program from 1911-1998, before progressing to the Football Bowl Subdivision (FBS). The school has had several successful seasons, including six bowl game victories and 13 conference titles.
Types of Bets in Tennessee
There are many common bet types available at Tennessee online sports betting sites. Read our guide to the most common types of bets below.
- Moneyline: This is the simplest betting market available at Tennessee online sports betting sites. You simply predict who will win a sporting event and, if you’re correct, the sportsbook will pay out.
- Points Spread: A point spread involves a TN sportsbook placing handicaps on the favorite and underdog. You must predict which team will cover their handicap/spread to win this wager.
- Totals: With a totals bet, a sportsbook sets a betting line on a certain event (e.g., points in a basketball game). To win a totals bet (a.k.a. over/under), you must predict whether the total statistic will be over or under the set line.
- Player props: A player proposition bet, or “player prop,” involves whether an individual player will reach over or under a particular statistic (e.g., tackles in football). Do note that proposition wagering on college sports is prohibited in TN.
- Team props: Like player props, team props require you to predict if a team will go over or under a betting line. Again, prop bets on collegiate events are banned at Tennessee online sports betting sites.
- Parlays: This popular bet type combines multiple wagers, called legs, into a single bet. For a parlay to be successful, each leg must be successful. If one loses, the whole bet is a failure.
- Futures: Futures are bets placed on significant events in the future. For example, you can place a futures bet on Nashville SC winning the US Open Cup.
How does Tennessee Compare to Other States?
Market Coverage
Tennessee has a relatively open market with many operators competing for customers. But Tennessee’s strict licensing requirements have limited the number of sportsbooks legally operating in the state. It’s possible to use offshore sportsbooks.
Competitive Odds & Prices
Tennessee sportsbooks are generally competitive with other states regarding odds and pricing. However, due to the high taxes and fees imposed on operators, some sportsbooks have adjusted their odds to remain profitable. This has led to slightly higher prices for customers in Tennessee compared to other states with lower tax rates.
Gambling Revenue
The Tennessee sports betting market has been a success since its launch on November 1, 2020. In its first year, Tennessee sportsbooks generated over $2 billion in total handle and over $200 million in revenue. These numbers make it one of the country’s most successful sports betting markets.
Betting Taxes
All sports betting winnings in Tennessee are subject to state and federal taxes. In Tennessee, the taxation on sports betting winnings is regulated by the Tennessee Department of Revenue. The state imposes a 10% tax on all sports betting winnings, which must be paid by the individual who placed the bet.
When a bettor wins a sports wager, the sportsbook operator deducts a 10% tax from the winnings before paying out the remaining balance to the bettor. This tax is known as the “privilege tax,” which is required by law to be paid to the state.
Sportsbooks must report all winnings to the Tennessee Department of Revenue, and bettors will receive a W-2G form for any winnings over $600.
Tennessee DFS
Tennessee was the third state to legalize and regulate Daily Fantasy Sports in 2016, passing the Fantasy Sports Act. Operators must pay a $50,000 license fee and a 6% tax on all revenue from TN players.
Best Tennessee Online Sports Betting Site
With a huge range of sports markets, a user-friendly website, and great odds, BetOnline is one of the best online sportsbooks.
