Tennessee Online Sportsbooks
There are a lot of options for Tennessee residents to use online sportsbooks to wager on their favorite sports. Whether you are hitting up the Southland Mall, or watching the Tigers played biggest rival Cincinnati, bettors can place wagers from their mobile device, and watch the outcome unfold live, or simply not check it until the game is over. Online sportsbooks have been helping the Secret City residents bet on sports for many years. These online books do not just accept some bettors in Tennessee, but bettors from all 346 cities, located in the state. It does not even matter if you cross one of the eight boarders, these online books accept bettors from all surrounding TN states and will help fulfil all betting needs. The state also approved regulated online sports betting in 2020, which is another option for TN bettors, but these books do have some betting restrictions.
Best Online Sportsbooks That Accept Tennessee Residents
|Tennessee Sports Betting Sites||New U.S. Player Bonus||Go To U.S. Betting Site|
|Review||50% Up To $250|
|Review||50% Up To $1,000 NEW!|
|Review||50% New Member Bonus!|
|Review||100% Up To $300|
|Review||50% Up To $1,000 NEW!|
Where Can Tennessee Residents Bet Sports Online?
Sports Bets As Low As 50 Cents In Tennessee
Bovada was established in 2011, but is a spinoff of the Bodog network that provided so much of early online gambling to players in TN. It has been around longer than any state-regulated TN book, and is still arguably the most popular sportsbook in America. With wager limits ranging from 50 cents to $2000, and deposit options ranging from cryptocurrency to debit cards, Bovada has everything covered.
Find Titans Betting Lines And Odds
Operating out of Panama City, BetOnline is a great book to wager on the Tennessee Titans with, because they’re not forced to account for local bettors like the state-regulated books are. Local bettors change the odds on local teams, usually for the worse, but BetOnline, being international, doesn’t have this issue.
Grizzlies Props In The Hundreds
Established in 1998, SportsBetting is a top betting option for fans of the Memphis Grizzlies who are looking for the most cutting edge odds. SportsBetting is focused almost entirely on providing odds that are as good as or better than their competition. This occasionally comes at the cost of website optimization, but that’s a good price to pay.
Easiest Way To Bet On The Volunteers
MyBookie has been in operation since 2014, and is a licensed sportsbook operating out of Costa Rica, and is accessible in Tennessee. MYB100 is a code that can get you 100% matching on your first deposit with MyBookie, and they offer odds on TN teams such as the Tennessee Volunteers - and not just Vols football, but basketball and other sports as well.
Ranging In Payout Methods
Payout times at XBet in Tennessee can be as fast as instant or as slow as one week. This is because they’re focused heavily in cryptocurrency, which works instantly, but anyone not involved in crypto will likely end up choosing a slower withdrawal method. Crypto is the best option at XBet if you want fast payouts.
A Tennessee Only Sportsbook
Although this sportsbook launched very quickly after the announcement of sports betting in TN, Action 24/7 was forced to shut down after it was suspended. It went back online after a mild suspension, and is currently up and running.
Known For The Social Following
Barstool Sportsbook launched in Tennessee in September 2021, so it’s one of the newest sportsbooks in the state. Operated by Penn National Gaming, Barstool is generally regarded as one of the top five sportsbooks in the US, and it is approaching that status in TN as well.
Partners With The Titans
BetMGM launched on the first day of sports betting in TN, and partnered with the Tennessee Titans, running ahead of several of its major competitors. BetMGM - owned by the famous MGM Resorts brand - remains a partner with the Titans, and this helps give them a leg up in TN.
Up To Date Live NFL Betting Odds
Famous for the advertising blitz that accompanies their entry into a state, Caesars Sportsbook launched in August of 2021 in Tennessee. While BetMGM is the official partner of the Titans, Caesars is partnered with the entire NFL.
Switch From Sports Betting To DFS
DraftKings was one of four sportsbooks to launch on the first day of sports betting in Tennessee, and it has continued to do so as one of the top sports betting options in TN. Like FanDuel - it’s largest competitor - DraftKings offers highly regarded daily fantasy sports play as well as sports betting.
The Most Used Regulated Sportsbook In TN
FanDuel is the most popular regulated sportsbook in Tennessee, and offers excellent DFS options as well as a large variety of bets and lines. It launched in November of 2020, and has been running ever since.
Getting Out Of The Game
Operated by Churchill Downs, Inc., TwinSpires has recently announced plans to start shuttering their sports betting operations. We are currently unsure what will happen to their customers, but we advise removing all money from TwinSpires books before this happens.
Bet On Sports Without The House
A bit different from the typical sportsbooks is Wagr, which is a social sports betting app where you wager against other people, and not against the house. Currently, they have limited offerings, which makes sense considering they’re still trying to figure out how to make their sports betting model work.
Bonuses When Signing Up And Betting
Opening in April 2021, WynnBet features intriguing bonuses and offers that can help TN players get a boost to their bankroll. However, you should be wary of the rollover on these bonuses before applying them to your account.
How Good Of A Tennessee Sportsbook Is Bovada?
Bovada is arguably the best Tennessee sportsbook available. With so many sportsbooks available, in TN, it’s hard to pick the best one, but Bovada makes a compelling case. They accept both traditional finance methods and cryptocurrency, they offer not just sports betting, but politics and entertainment betting, and they do all of this with a highly developed deposit and withdrawal program that means you’ll get your money within seconds of making a withdrawal.
Are Online Sportsbooks Accepting Tennessee Residents Regulated?
Yes! Online sportsbooks including Bovada, BetOnline, and MyBookie do fall under the regulated online sites in Tennessee despite having their own regulations in place. They are deemed federally legal by the United States government as they have governing bodies backing them with rules and regulations in other countries and are allowed to offer their services in the United States. With all said and done, they can be treated normally as a regulated online sportsbook in Tennessee that will fulfill your betting needs.
What Teams Can I Bet On In Tennessee?
The Volunteer State is home to 12 division 1 schools, and three major professional sport teams. With this much sports action, there is always some type of event of game to wager on. Between college sports, and an NFL, NBA, and NHL teams, there is no shortage of games to watch and even bet on. If using online sportsbooks, all fans can wager on any college props of game lines. However, there are restrictions on college betting for all mobile sportsbooks that are regulated by the state of Tennessee.
Division 1 College Teams To Bet On
|Austin Peay State University||Ohio Valley|
|Belmont University||Ohio Valley|
|University of Tennessee||SEC|
|University of Memphis||American|
|East Tennessee State University||Southern|
|Middle Tennessee State University State University||C-UAS|
Professional Teams To Bet On
|Tennessee Titans||Over their last 30 games, the Tians have gone 15-15 against the spread.|
|Memphis Grizzles||The Grizzlies went 19-11 against the spread in their last 30 games during the 2022 season.|
|Nashville Predators||Bet the over on the Predators, who have a 20-10 record hitting the over to end the 2022 season.|
Popular Betting Types In Tennessee
With all of these different online sportsbooks on the Tennessee market, one of the consistent themes is the types of betting types that exist. Some of the most popular betting types can be found below:
- Moneyline Betting – This is the most common method, and is simply betting on the team or player that will win the game or event. The Titans recorded a record of 8-5 since 2018, in games where they were the underdog at home. To keep the underdog trend rolling, the Titans went 6-2 in all games played as the underdog in 2021.
- Spread Betting – An example of spread betting would be betting on the margin that a team will win by. For the Titans, they covered the spread 55.6% of the time in 2021. If the spread was -2.5, the Titans would have to beat the Colts by at least 3 points, which they did in both divisional matchups during the 2021 season.
- Betting On Point Totals – When wagering on the total points, bettors can wager on whether the projected total would hit the over or the under. For the Titans in 2021, their games resulted in the over being hit 8 times, and the under 10 times, showing value in betting on the Titans under for future games.
Politics And Entertainment Betting In Tennessee
Both political races and entertainment events such as award shows and television shows fall under special markets that are only allowed on certain online sportsbooks. When it comes to political odds, you can bet on things such as state elections, the presidential election, presidential prop bets, and more. Entertainment odds are a bit broader as they deal with award shows such as the Oscars, reality television like Survivor, and even cryptocurrency projections. Only licensed online betting sites like BetOnline or Bovada have the ability to offer these odds as they do not need to follow the same restrictions that the state-regulated online sportsbooks do.
What Is The Sports Betting Age In Tennessee?
In order to bet on sports in Tennessee, you need to be at least 21 years of age. That age restriction is set by the Tennessee Education Lottery Corporation and must be followed by both state-regulated online sportsbooks and licensed online sportsbooks.
Is It Legal To Bet On Sports In Tennessee?
It is legal to bet on sports in Tennessee. Tennessee lawmakers passed legislation to regulate sports betting in May of 2019 and the market has been live since May 2020. SB 0588 is the legislation and the law allows for mobile and online sports betting only; no local physical locations are able to host a sportsbook.
Tennessee Online Sports Betting Handle + Revenue
Tennessee online sportsbooks rake in hundreds of millions of dollars in the monthly betting handle. This leads to sportsbooks raking in upwards of $22 million dollars in revenue month to month. Tennessee taxes sportsbooks at a 20% rate which means tens of millions in gross gaming revenue (GGR) is being collected into the state coffers annually. 80% of the taxed revenue from betting goes into the Tennessee Lottery for Education account. 15% goes to the General Fund while the remaining 5% goes to the Department of Mental Health and Substance Abuse Services.
Tennessee Sportsbook Deposits And Withdrawals
With state-regulated and internationally-regulated sportsbooks a full go in the Volunteer State, competition amongst all the top online and mobile sportsbooks have resulted in all of them offering incredible deposit options, deposit bonuses, and withdrawal options. DraftKings and FanDuel are regarded as the top state-regulated sportsbooks in Tennessee, but even their banking options pale in comparison to those of the international sportsbooks. In particular, cryptocurrency deposits and withdrawals are not offered by Tennessee-specific sportsbooks. That has proven to be a huge detractor from those books, as crypto deposits and withdrawals have proven to be the safest, quickest, and easiest transactions to make. Using crypto to deposit is especially beneficial because of the large bonuses that come with it.
|Sportsbook:||Deposit Methods:||Withdrawal Methods:||Bonus Match Percentage:||Maximum Bonus:|
|FanDuel||7||4||N/A||Up To $1,000 Risk-Free Bet|