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Tennessee became one of the latest states to legalize online sports betting when mobile sportsbooks officially went live in the state on November 1st, 2020. Today there are four sportsbooks operating in TN: BetMGM, FanDuel, DraftKings, and Action 24/7.
The reason for the slower rollout in Tennessee, at least compared to Colorado, Indiana, and Michigan three other states that legalized online sports betting in the past year, is the relatively high tax rate (20% on all revenue). That being said, given the total handle has rivaled both Colorado and Indiana, you can expect additional operators to enter the state in 2021. In fact, William Hill has already announced they should be active in TN by the start of the 2021 NFL season.
For the most part, Tennessee sports bettors will find any and every line they want in the state with one exception. Live betting on college sports is not permitted. You will still be able to wager on college football and college basketball games, but operators can not offer in-game wagering for these events.
Available sports and leagues to Tennessee bettors include the NFL, NBA, NHL, MLB, PGA, CFB, CBB, and eSports. Live betting on all professional sports, including international professional sports, is available on the BetMGM, FanDuel, and DraftKings apps.
Additionally, the minimum age requirement in Tennessee is 21. It is important to keep in mind that operators are required to verify a bettor's age and location prior to accepting a deposit, placing a bet, or making a withdrawal.
If Tennessee residents are looking to get started with online sports betting this February they have three options: William Hill, FanDuel, or DraftKings. Given the steep cost of doing business in Tennessee, it is unclear if additional online books will enter the market in 2021.
We do want to point out that it is worth reading the reviews for each of these sportsbooks, and they are linked above. The promotion listed for FanDuel and DraftKings may look better on paper, but we feel the lines, juice, and terms attached to the promotion at William Hill makes them the better choice for new Tennessee bettors.
Tennesse Sees $180+ Million Handle in December - After topping $130 million wagers in November, Tennesse extended it's historic start with a $180+ million handle in December. These were both record high handles for the first two months with legal gambling in the US, although it seems likely Michigan will surpass TN's total for December this month.
William Hill Close to Entering Tennessee Market - Given the strong start legal sports betting is off to in Tennessee, it is reasonable to expect additional operators will enter the market. There are currently four operators ready and waiting to enter the TN betting market in 2021 including William Hill, BetAmerica, WynnBet, and ZenSports. Increased competition always benefits the state's bettors as it leads to lower juice, more competitive products, and better promotional offers.
As we mentioned earlier in this article, we think the top new player bonus offer for Tennessee bettor is currently the $500 risk-free bet from William Hill.
We base this recommendation on a wide variety of factors ranging from the quality of line provided by the book, average juice applied to the lines, and most importantly the terms attached to each offer. For example, the William Hill deposit bonus has an industry-best 2x rollover requirement while the DraftKings deposit bonus has an industry-worst 25x rollover requirement.
We keep these promotions updated weekly to ensure you readers always find the best offer when opening a new sports betting account in Tennessee.
The Tennessee market has been as controversial as any in the US since legalizing sports betting in November of 2020. The state set a high bar for entry, which limited the number of sportsbooks. However, the surprisingly large handle has drawn a number of new sportsbooks and apps to the state.
With so much interest, and so many changes, bettors have a lot of questions regarding how sports betting in TN works. Below are answers to questions we get most frequently regarding Tennessee sports betting.