Do you love sports? Especially sports betting tennessee? Coming to Tennessee, you will experience a diverse world with sports betting opportunities not to be missed! From football, chess, horse racing to tennis and basketball, Tennessee is not only a paradise for sports fanatics but also a place to immerse yourself in exciting matches. Get your bestsoccertips ready to explore Tennessee’s fierce on-field battles and vibrant sports festivals!
History of sports betting in tennessee
In 2016, then-Gov. Bill Haslam signed the Fantasy Sports Act, which legalized daily fantasy sports in Tennessee. After the national law on legal sports betting changed in 2018, it took some time for the state to take meaningful action.
State Rep. Rick Staples introduced HB 0001 in 2019, and the bill made its way through the state legislature. Gov. Bill Lee didn’t sign it when it reached his desk, but Tennessee law allowed the bill to go through without his signature.
The first online sportsbooks made their debut in November 2020. The Tennessee legal sports betting market has been steadily growing.
- 2019: HB 0001 makes its way through the state Legislature and ultimately becomes law. Sports betting becomes legal in Tennessee in June.
- 2020: Legal online sports betting goes live in November. BetMGM, DraftKings, FanDuel and Action 24/7 all debut on opening day.
- 2021: In March, Action 24/7 was suspended by the TEL after an internal investigation discovered evidence of money laundering and proxy betting. An injunction by a federal judge later allows Action 24/7 to go back online. Tennessee has a record-breaking month in November as online sportsbooks in the state take in over $375 million in betting handle.
- 2022: The Sports Wagering Advisory Council takes over as the regulator for Tennessee sports betting, replacing the Tennessee Education Lottery.
Legal sports betting tennessee laws and regulations
The US Supreme Court opened the door for individual states to legalize sports betting in May 2018. While Tennessee did not pursue legalization right away, the situation changed the following year, as a sports betting bill made its way through the Legislature.
Sports betting officially became legal in the state in June 2019. It took a long time to get from that point to Sports gambling actually launching in the state. Rules and regulations finally went into place the following year, with online sportsbooks opening in November 2020.
Here are some key aspects of Tennessee Sports gambling law:
- The state taxes gross gambling revenue at a rate of 20%.
- Licensees must pay $750,000 annually.
- Sports betting is only available online, with no plans for retail sportsbooks.
- Sportsbooks have a mandatory hold requirement of 10% on all wagers.
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Top 5 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 five Tennessee Sports gambling sites:
1. FanDuel Tennessee
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.
FanDuel Tennessee’s interface is often designed with the goal of creating a fun and easy-to-use experience for users involved in online sports betting and entertainment activities.
The homepage usually displays a list of ongoing and upcoming sporting events, along with highlights such as odds, participating teams, and times. Notifications about promotions and offers can also be displayed here.
2. DraftKings Tennessee
DraftKings popularity owes a lot to its mobile app, and Tennesseans can see for themselves why it ranks first among the best sports betting apps in 2023. Everything is accessible within just a few taps on an intuitive layout, including a menu at the bottom of the screen that displays all the sections. Ultimately, placing a wager with DraftKings Tennessee’s mobile sportsbook is a delightfully simple experience and great for player props.
Not just limited to sports betting, DraftKings Tennessee also offers a wide range of online casino games, including slots, blackjack, poker and many more. This gives diversity and choice to players, allowing them to try their luck and enjoy varied entertainment on the same platform.
With a high level of security, 24/7 customer service, and accessibility from both a browser and a mobile app, DraftKings Tennessee offers an enjoyable and safe experience for online sports and entertainment lovers in the state of Tennessee.
3. BetMGM Tennessee
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.
BetMGM Tennessee is well known for offering a wide variety of bets on a variety of sports, including football, basketball, rugby, baseball, and many others. Players can enjoy the feeling of participating in top sporting events by placing pre-match bets, live bets, as well as participating in unique betting options such as exact scores, first place scorers, and many more.
4. Caesars Tennessee
Caesars Sportsbook offers the best welcome bonus available and an app to match. Caesars Tennessee has an extremely user-friendly app, one of the top customer service programs in the industry, and a highly fulfilling rewards program. Use promo code COVERSBONUSFULL on your initial deposit.
Caesars Tennessee’s live feature allows players to follow matches live and place bets during the event. This creates an interesting and authentic experience, helping players feel every moment of the match.
Besides sports betting, Caesars Tennessee also offers online casino games, including slots, blackjack, poker and many more. This creates unlimited variety and entertainment for players.
SuperBook is one of the biggest brands currently operating in the sports betting market. Tennessee bettors can search through its online sports betting app to discover good odds for top major leagues and professional teams. Ensure to use the SuperBook promo code ‘SUPERBOOK’ to grab their great welcome bonus upon signing up.
SuperBook is well known for offering a wide range of betting options across a variety of different sports. Players can participate in pre-play betting, live betting, and even unique betting options such as accurate score predictions, first goal scorers, and many more. The intuitive and easy-to-use interface helps players find their desired bets conveniently.
Frequently Asked Questions About Tennessee Sports Betting
Is sports betting legal in tennessee?
Yes, Tennessee has legalized sports betting. It was the first state to legalize sports betting before any other form of gambling.
Sports betting became legal in 2019, but the only options are online sportsbook apps as there are no brick-and-mortar sportsbooks or casinos in the state. The first legal sportsbooks debuted in November 2020.
Where can I bet on sports in TN?
Tennessee is an online-only sports betting state. There are no casinos within state lines and no plans to open retail sportsbooks at the present time. Since launching in 2019, there are now 11 sports betting apps active in the state including BetMGM, FanDuel and DraftKings.
Can you bet at offshore sportsbooks from Tennessee?
It is possible to do so but it is illegal. Offshore sportsbooks like Bovada and BetOnline don’t abide by any Tennessee or US rules, including the ones that aim to protect bettors. As such, you’re taking serious risks by choosing to do business with any offshore sportsbook. There could be no protections in place for your data or funds.
How old do you have to be to bet on sports in TN?
The legal age to bet on sports in Tennessee is 21. As part of the signup process, the sportsbook will verify your age and identity. If it has any trouble doing so, you’ll need to provide supporting documentation.
Is betting on horse racing legal in Tennessee?
There are no operating racetracks, off-track betting or simulcasting sites in Tennessee. You can bet online at TwinSpires, but TVG does not currently operate in the state.
Are daily fantasy sports legal in TN?
Daily fantasy sports contests have been officially legal in Tennessee since Gov. Bill Haslam signed the Fantasy Sports Act in 2016. DraftKings and FanDuel, the two major DFS operators, are both available in the state.
Is college sports betting legal in Tennessee?
Yes, you can bet on college sports in Tennessee. There are no restrictions for betting on in-state schools such as Tennessee or Vanderbilt, but the state doesn’t allow live prop bets during college games or prop bets on individual college athletes.
Is Action 24/7 legit?
Action 24/7 is a legal online sportsbook, authorized for play in Tennessee by the Sports Wagering Advisory Council. However, it has had more problems as an operator than any other regulated US sportsbook. The sportsbook was suspended by state regulators in 2021 for multiple violations of regulations, including lack of internal controls.
Don’t hesitate to jump in sports tennessee betting today and discover the incredible fun it has to offer! Don’t miss the opportunity to immerse yourself in the exciting atmosphere of the matches, cheer on your favorite team and inspire millions of fans around the globe. Tennessee sports betting is not only a game, but also an amazing experience, a bridge between people and sports. So what are you waiting for without hurrying up to experience memorable moments and make your life more exciting and interesting!