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Bettors won't find any retail sportsbooks in Tennessee, but 10 online sportsbooks — including DraftKings, FanDuel, and Caesars — are fighting for your business. 

Top Tennessee sports betting promos

21+ and present in TN. Gambling Problem? Call TN REDLINE 1-800-889-9789.

#1

Up To $1,500 Back In Bonus Bets

Bonus bets will expire in 7 days. One new customer offer only. Additional terms and conditions apply.

Features

  • Some of the best live-betting odds.
  • Great deposit options.
  • Earn MGM Rewards from betting activity.

BetMGM Review

BetMGM is one of the top-rated sportsbooks in the U.S. offering some of the best live betting odds in the industry. They’re also the largest iGaming operator across the U.S.

Features

#2

Bet $5, Win $300 in Bonus Bets

New customers only. Deposit min. $5. Place first bet of $5+ and win $300 in Bonus Bets (within 72 hours).

Features

  • Top-tier app experience.
  • Same Game Parlays and SGP+.
  • Extensive promos and odds boosts.

FanDuel Review

FanDuel reigns supreme right now as the No. 1 betting site in America. And it has largely earned that spot on the strength of superior brand recognition, an easy-to-use product, an overwhelming number of markets for North America’s most popular sports, and representation in every state in which it is permitted to offer legal sports betting.

Features

#3

$1,000 First Bet on Caesars

Terms and conditions apply. 

Features

  • Earn Caesars Rewards from betting activity.
  • Live streaming of NFL games.
  • User-friendly mobile app.

Caesars Sportsbook Review

Caesars is proving to be one of the most aggressively expanding brands in sports betting. Unfortunately, like all major U.S. sportsbooks, they are quick to limit you if you go on a tear and their odds boost promos offer low maximum bet limits.

Features

#4

Get up to $1,000 in Bonus Bets

Terms and conditions apply.

Features

  • Live in 21 states
  • Extremely powerful brand history and recognition
  • FanCash reward system is great for sports fans

Fanatics Sportsbook Review

Fanatics Sportsbook has launched its app in 21 states already, with plans to expand to more in the near future. Fanatics is poised to be a major player in the sports betting industry.

Features

Each product featured on our website has been meticulously researched and selected by our team of experts. If you sign up through our links, we may get a commission.

All Tennessee sportsbook promo codes

Of Tennessee’s 10 online sportsbooks, only BetMGM, Caesars, and Action247 require a promo code to be punched in at the first deposit to redeem its welcome bonus. Most of the other active operators in the state boast sign-up offers valued at hundreds, if not thousands, of dollars. The welcome promotions come in three types:

  • Deposit match bonus
  • First bet insurance
  • Bonus bets

Each of these bonuses possesses the possibility of adding value to your sportsbook wallet. Still, the catch is bettors must meet certain requirements before credits are applied to your account or before you can request a withdrawal. This is why it’s imperative to review each online sportsbook’s sign-up offer terms and conditions before registering a new account because the last thing you want is a surprise after placing a bet slip.

TN online sportsbook 🏆Welcome bonus 💰Promo code ✅
⭐BetMGMSBRBONUS
⭐FanDuelNo code required
⭐Caesars       SBRBONUS1000
⭐Fanatics SportsbookNo code required
⭐DraftKingsNo code required
ESPN BETUp to $1,500 in bonusesNo code required
Betly$250 first bet insuranceNo code required
Action247100% Deposit Match up to $400Get400
Hard RockUp to $100 backNo code required
WagrReferral programNo code required

FanDuel TN welcome offer 🔵

FanDuel’s app store ratings are among the best in the Tennessee market. So, in addition to an elite user experience on its sports betting app, new players can claim a welcome offer of $300 in bonus bets with any winning first wager of $5 or more. No FanDuel promo code is required.

  1. Register and download the mobile app to make your first deposit of at least $5.
  2. Place your initial $5 wager on any sports market.
  3. If your bet wins, you'll earn $300 in bonus bets.
  4. You will receive the bonus bets within 72 hours of placing your qualifying wager.
  5. The bonus bets must be used within seven days, or they will expire.
ProsCons
✅ Low-risk offer❌ Bonus bets expire quickly
✅ Can break up bonus into smaller bets❌ First bet must win

Why this FanDuel bonus is better than others

This FanDuel offer comes with one perk that truly makes it shine compared to others. The $300 in bonus bets are extremely flexible and can be used in any amount(s) you want. I loved being able to choose between making a $10 multi-leg longshot parlay or a safer $50 straight bet. And with $300 to play with, I was able to do plenty of both. 

Screenshot of the FanDuel Sportsbook app for Android. 
FanDuel Android App

DraftKings TN welcome offer 👑

DraftKings has carved out a solid market share in Tennessee since launching in November 2020. However, they are still being aggressive in an effort to attract new players. The current sign-up bonus at DraftKings TN is a bet $5, get $200 in bonus bets offer. No DraftKings promo code is required.

  1. You must deposit a minimum of $5 and wager at least $5 on any market.
  2. Win or lose, you will receive $200 in bonus bets instantly.
  3. The bonus is awarded as eight (8) $25 pieces and cannot be split further.
  4. You can’t withdraw bonus bets as real cash.
  5. Bonus bets will expire seven days (168 hours) after being awarded, if unused.
ProsCons
✅ No promo code required❌ Lower total dollar value
✅ Only requires $5 initial deposit❌ Bonus bets will expire in seven days
✅ Great for new players❌ May not interest experienced bettors
✅ Easy to read terms and conditions

Why this DraftKings bonus is better than others

Some people might second-guess this DraftKings bonus for its $200 value, which is admittedly lower than the likes of BetMGM or Caesars. However, I actually prefer the DraftKings welcome offer for one simple reason: it's 100% guaranteed. 

Unlike other offers that require you to specifically win or lose your first bet, DraftKings doesn't actually care how your pick fares. I collected $200 in bonus bets even though my first bet ended up losing. So it cost me $5, but I had eight $25 bonus bets to play with before I needed to use my own bankroll again. 

Screenshots of the DraftKings Sportsbook iOS app.
DraftKings iOS app

BetMGM TN welcome offer 🦁

BetMGM Sportsbook’s efforts to woo new players to its Tennessee online sportsbooks and sports betting app involve a generous bonus bet welcome offer. Use our exclusive BetMGM bonus code SBRBONUS to claim this sign-up offer, which can protect you up to $1,500.

  1. A $10 minimum deposit is required.
  2. First bet must lose for bonus bets to be released.
  3. A dollar-for-dollar bonus bet amount is guaranteed, up to $1,500.
  4. First bet losing wagers of $49 or less will be paid out in a single bonus bet.
  5. First bet losing wagers of $50-or-more will be paid out in five 20% increments.
  6. A $1,500 first bet loss would earn five (5) $300 bonus bets.
  7. There is a seven-day expiration on bonus bets acquired.
  8. Bonus bets cannot be redeemed for cash.
ProsCons
✅ Low minimum deposit❌ First bet must lose to claim
✅ High total dollar value❌ Quick expiration date on bonus
✅ Second chance bet for new users

Why this BetMGM bonus is better than others

When it comes to first-bet offers, BetMGM leads the pack. Other sportsbooks offer similar terms, but no one matches BetMGM's maximum dollar value of $1,500. For experienced bettors or those with larger bankrolls, being able to make a large first bet, knowing you'll get a rebate if it loses, is extremely attractive

Even though my bankroll didn't support a $1,500 first wager, I found the BetMGM bonus simple to understand and claim. I made a $50 bet that the Titans would cover the spread, and they let me down (as expected). BetMGM quickly added five $10 bonus bets into my account, giving me multiple chances to win my money back. 

Screenshot of BetMGM Sportsbook app on Android.
BetMGM Android App

Caesars TN welcome offer 🏛

 Caesars online sportsbook and sports betting app continues to be aggressive in their marketing approach to Tennessee’s new players. Their current welcome offer consists of a $1,000 first bet on Caesars. The Caesars Sportsbook promo code SBRBONUS1000 is required at the time of first deposit.

  1. New users can sign up in TN using promo code SBRBONUS1000.
  2. Make your initial deposit of $10 or more.
  3. Place a qualifying wager within 30 days of registration on any sports market.
  4. If your bet loses, you'll get your money back, up to $1,000, as a single bonus bet.
  5. You must use the bonus bet within 14 days, or it will expire.
ProsCons
✅ High value bonus❌ First bet must lose to claim
✅ No market or odds restrictions❌ Bonus bets expire quickly

Why this Caesars bonus is better than others

The Caesars sign-up bonus is almost identical to BetMGM's, with a few small differences. The first (and most obvious) is that it's a lower dollar amount, only covering your first bet up to $1,000. The second important detail is that Caesars delivers its bonus as a single bonus bet, meaning you can't split it up into smaller bets.

However, Caesars' bonus still has some key features that make it better than others. There are no market or odds restrictions on your first bet, nor are there any restrictions on how you use your bonus bet (if you get one). Add it to the valuable Caesars Rewards loyalty program attached to your new account, and it's a no-brainer to try out this bonus. 

Screenshot of Caesars Sportsbook for Android. 
Caesars Android App

Fanatics TN welcome offer 🧢

Fanatics Sportsbook only emerged after a major business deal between Fanatics (an online sports apparel company) and PointsBet (an Australian-based sportsbook). The result was a total rebranding of PointsBet's U.S. business assets, leading to Fanatics Sportsbook officially launching in late 2023.

Now, Fanatics is making a run at the more established industry brands, attempting to claw out some market share with a slick mobile app, competitive pricing, and a great welcome bonus. You can claim without a Fanatics promo code

  1. Download the Fanatics Sportsbook app and register a new account.
  2. Fanatics will give you up to $100 in bonus bets on Day 1 with up to $900 more available from Day 2-9.
  3. The daily bonus bet on day one is equal to your first qualifying bet (minimum $5 wager). Then, you must opt in before placing your qualifying wager in the next four days.
  4. Bonus bets will be awarded regardless of the outcome of your qualifying wagers.
  5. If you miss a day, you forfeit the bonus bet that day. However, you can resume collecting the bonus bets on the remaining days.
  6. Bonus bets cannot be cashed out or transferred and expire seven days after receipt.
ProsCons
✅ Bets don't have to win or lose❌ Must bet ten days in a row
✅ High total dollar value❌ Must bet $1,000 to collect full bonus
✅ No promo code required

Why this Fanatics bonus is better than others

Fanatics offers something slightly different in the TN welcome bonus department. Instead of first-bet insurance or a simple 'bet & get' deal, Fanatics offers a generous amount of bonus bets over five straight days

This bonus is better than others because it's guaranteed, instant, and scales to your bankroll. For example, if you're only comfortable betting $20 a day, you still get ten days of matched bonus bets. Or if you get maximum value by betting $100+ every day, the bonus bets are still instantly added to your account, regardless of how your wagers perform. 

Screenshot of Fanatics Sportsbook mobile app for Android devices. 
Fanatics Android App

For more info on Hard Rock Bet, see the Hard Rock Bet promo code page for all the latest bonuses and news.

Tennessee sports betting promos summary

🚀 TN apps launch dateNovember 2020
➡️ Legal betting age21+
🥇 Best TN bonus
📱 Sports betting apps10 (1 pending)
🤔 Do promos require codes?Sometimes
🤔 Can you withdraw bonus funds?No
🎰 Online casinosNo
🃏  Online pokerNo
🏆 Biggest TN bonus
🤑 Alternative biggest TN bonus
☎️ TN problem gambling hotline1-800-889-9789
🧑‍🤝‍🧑 Gambling addiction counselingYes
🔔 TN regulatorTennessee Sports Wagering Advisory Council

How we rate and review sports betting promotions

Our editorial team is helping educate those new to Tennessee sports betting on the ins and outs of the best online sportsbooks via independent and thorough reviews of all 10 operators.

However, our team of experts also applies similar grading philosophies when rating and reviewing sports betting app promotions. This step is where reading the fine print can be used to ensure you are earning the best bang for your welcome bonus buck. Here is what our experts concentrate on before rating a sportsbook’s welcome promotion.

  • What is the minimum and maximum value of the sign-up offer?
  • Is the welcome promotion guaranteed just by making a first deposit or wager?
  • Does the welcome bonus require a promo code at the time of the first deposit?
  • How much do new players deposit to unlock the welcome promotion?
  • What are the terms and conditions of the welcome bonus?
  • Are there playthrough requirements to request a withdrawal of funds from an account wallet?
  • What the expiration date is after acquiring bonus funds and first bet insurance?

Not all welcome bonuses are created equal. Some only require a minimal risk, as low as $5, while others need you to lose a large first bet in order to fully. Some welcome offers are great for novice gamblers who prefer low-stakes entertainment. Others, like Caesars, are better for experienced bettors who can easily handle a four-figure losing bet.

Types of Tennessee betting sign-up offers and bonuses

In the wake of vast sports betting legalization in many American states recently, operators appear hell-bent on sticking with what works and categorizing sign-up offers and welcome bonuses into three basic categories: the deposit match bonus, bonus bets, and, most popular, first bet insurance. Below is a detailed explanation of each promotion and how operators use them to earn your business.

Deposit match bonus

If an operator offers a deposit match welcome bonus, jump on it, as they are a rarity these days. Deposit match bonuses are typically a percentage of your first deposit, up to a specific amount. For example, a 100% deposit match up to $500 would take a $500 initial deposit and double your account funds to $1,000. A 50% deposit match, like at Action 24/7 in Tennessee, would take an $800 first deposit and kick in $400 in bonus funds for a bankroll total of $1,200 to start.

Bonus bet

Bonus bets have risen to prominence over the past year or so. Many of the best TN sportsbooks offer some form of a 'bet & get' deal. This type of offer has proven extremely popular among new bettors, and for good reason. 

These bonuses normally require only a minimum deposit ($10 or less) and a small real money wager of $5 or $10. After that, your account is credited with a chunk of bonus bets, normally in the $100 to $200 range. 

You can't withdraw these bonus bets as cash. Instead, you must use them to make additional wagers. That gives you extra chances to make some profit while you get familiar with a new sportsbook platform. Just watch out for any extra conditions, like needing your first bet to win in order to qualify, or how quickly your bonus bets expire. 

First bet insurance

The most common sign-up offer for new players in Tennessee these days is first-bet insurance. This type of bonus benefits both the player and operator as there is a chance no welcome bonus funds are awarded should the player win their first wager.

In other cases, operators will stake one’s account up to a specific amount of the first bet when a first bet loses. For example, Caesars often uses a $1,000 first-bet insurance offer. You can wager up to $1,000 on a first bet, and if it fails, they will credit your account back with $1,000 in bonus bets. In most cases, you don't earn any bonus funds if your first bet ends up winning.

Referral bonus

Sportsbooks frequently offer more than just welcome bonuses. A common promotion is to hand out referral bonuses to existing players who can recruit their friends to sign up for the first time.

You'll get a unique code or link to send out. If someone makes a new account and a first-time deposit using that link, you'll earn a small reward — usually a $10 to $100 bonus bet or cashback equivalent. Check out our best sportsbook referrals page for more information on how to claim these bonuses.

Tennessee online sportsbooks

With no retail sportsbooks in the state, Tennessee is unique in that the Sports Wagering Advisory Council currently has unlimited sports betting licenses to award interested operators. The state started 2024 with 12 online sportsbooks but has since lost three (TwinSpires, WynnBET, and SuperBook) and gained another (Fanatics). However, the 10 active sports betting apps could have more operators join them shortly as BallyBet and ZenSports are in the pipeline, ready for launch and application approval.

Tennessee online and mobile sportsbooks

TN sportsbookBest known for
Action247Tennessee-based company
BetlyLive betting
BetMGM“King of Parlays”
CaesarsCaesars rewards points
DraftKingsIndustry leader in sports betting
ESPN BETPersonality-driven promotions
Fanatics SportsbookFanCash reward system
FanDuelLeading mobile app
Hard RockLimited video streaming
WagrSocial betting

Tennessee betting resources

You might be confused if you’re new to sports betting and first stumbled upon this Tennessee sportsbook promos page. This page is just one of several Tennessee sports betting resources SBR’s editorial team published to help interested players make an educated decision. You’ll also want to check out each page below and start with Tennessee’s best sportsbooks and betting apps. Don’t forget to look into a full rundown of how various sports betting app bonuses work and our deep dive review of the best TN online sportsbook, FanDuel.  

Sports betting by category

It doesn't matter what sport or league is your favorite; there's a great sportsbook bonus waiting for you at any number of legal and licensed sportsbooks in your state. Here's a list of the best sportsbooks by category, to make your decisions even easier:

Responsible sports betting with Tennessee promos

The  (SWAC) replaced the Tennessee Education Lottery as the governing body of sports betting in the state back in January 2022. In addition to reviewing applications, issuing licenses, enforcing laws, and performing regular audits of sports betting site operators, the SWAC is also a problem gambling liaison.

The council works with the state’s  department to help those struggling with responsible gambling.  

Treatment options are available via an in-person meeting or telehealth video conferencing.

For more information, you can contact:

Dr. James Whelan, Executive Director, The Gambling Clinic  
The University of Memphis, Department of Psychology
(901) 678-3736
jwhelan@memphis.edu

The SWAC also provides individuals with resources to help identify problem gambling. Operators do their part by limiting sports betting app session times and allowing players to set a bankroll budget over a specific period so they don’t risk more than they can afford.

The Tennessee REDLine can be reached 24/7 via phone or text at 1-800-889-9789

National U.S. gambling helpline: 1-800-GAMBLER

Tennessee sports betting recent updates

Oct. 7, 2024: FanDuel switches its TN welcome bonus, now offering new users a bet $5, win $300 in bonus bets deal. 

Sept. 20, 2024: DraftKings lowers its TN welcome offer from $250 to $200, and also removes the NFL+ Premium subscription voucher from the deal. 

Aug. 19, 2024: Fanatics and DraftKings both increase their respective TN welcome offers, as the new NFL season quickly approaches. 

Aug. 12, 2024: The Tennessee Sports Wagering Council reported a July 2024 betting handle of $273.9 million, down 20.6% from the previous month. It was still up 20.7% year-over-year compared to July 2023, though. 

July 29, 2024: SuperBook announces it will stop taking new bets and deposits in Tennessee (and seven other states) effective immediately as it prepares to exit the U.S. market entirely.

June 17, 2024: Fanatics slightly alters its welcome offer. New users can still earn up to $1,000 in bonuses, but they can now do so by placing $200 wagers in each of the first five days following account registration.

June 6, 2024: DraftKings and FanDuel, two of TN's most popular online sportsbooks, make changes to their respective welcome promotions. 

May 28, 2024: Tennessee followed the national sports betting trends in April 2024, with monthly betting totals dropping off from March but still being up 20% year-over-year. 

Mar. 12, 2024: Tennessee announces its performance results for the first two months of 2024, with betting activity up 14.4% from the same time last year.

Jan. 2024: PrizePicks launches peer-to-peer gaming in Tennessee.

Jun. 2023: The state of Tennessee announces that it will soon tax sportsbooks based on handle as opposed to revenue.

Dec. 2022: Online Tennessee sportsbooks set an all-time handle record, accepting $439.5 million in wagers during November 2022.

Aug. 2022: Betly becomes the 10th active online sportsbook within the state.

Dec. 2021: The TELC gives control of sports wagering regulations to the Sports Wagering Advisory Council (SWAC).

Nov. 2021: Tennessee surpasses $2 billion in annual betting handle in its first 12 months since launching online sportsbooks.

Nov. 2020: Three approved commercial online sportsbooks (BetMGM, DraftKings, FanDuel) become the first to go live in Tennessee.

Apr. 2020: The Tennessee Education Lottery Corporation (TELC) approves finalized sports betting regulations, allowing operators to begin applying for licenses.

Nov. 2019: Tennessee lawmakers officially form a Sports Betting Advisory Council responsible for drafting the state's first set of sports betting regulations.

May 2019: Gov. Bill Lee allows sports betting bill to pass without signing off on it, making Tennessee the first state in the nation to allow online sportsbooks.

Tennessee sportsbook bonus FAQs

What’s the best sports betting bonus in Tennessee?

After reviewing all 10 online sportsbooks, while knowing the term 'best' is subjective to the individual, we think that FanDuel, Caesars, and Fanatics have welcome bonuses that are among the very best in Tennessee. 

Which verified Tennessee sportsbook promos are the best value?

The TN sportsbook promo with the best value is subjective to your betting style and bankroll. Some bettors may prefer a shot at a larger first-bet insurance promo, while others could find more value in a simple 'bet and get' offer like DraftKings has. 

How old do I need to bet on sports in Tennessee?

You must be at least 21 to wager at Tennessee online sportsbooks and sports betting apps.

Do all Tennessee sportsbooks provide sports betting promo codes?

No, not every Tennessee sportsbook online requires a promo code at the time of first deposit. Most sign-up offers are automatically credited to one’s account without the need to punch in a code. In other cases, the code is automatically applied during redemption.

What are the playthrough requirements on legal online sportsbooks in Tennessee?

Playthrough requirements at Tennessee’s legal online sportsbooks vary by operator. Before accepting any sign-up bonus or daily promotions within the app/site, read the terms and conditions first to ensure you understand what needs to occur before you can withdraw any future winnings.

How many sign-up bonuses can I claim in Tennessee?

New players can claim one sign-up bonus per online sportsbook. This rule means Tennessee bettors can enjoy up to 10 unique sign-up bonuses and promotions. Operators crack down on sign-up bonus fraud by limiting users to one account per person, so they request your social security number during the registration process.