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Tennessee (TN)

The Volunteer State legalized sports gambling in 2020, opening its doors to various TN betting apps. Many big names, like FanDuel, BetMGM, and DraftKings, were among the first sportsbooks to get the party started, and currently, this state has nine sportsbooks in operation and three more are expected to be added in the near future.

All this gives the sports betting fans a pretty nice selection of bonus offers to choose from. So, it’s not surprising that Tennessee is one of the US states with a high number of sports gambling enthusiasts. Mobile sports betting is the only way to wager on sports in the Volunteer State as there are no physical casinos allowed.

Legal and licensed apps:

Arvostelu 5/5
+21 only | T&C apply | Gamble responsibly
Arvostelu 4/5
+21 only | T&C apply | Gamble responsibly
Arvostelu 3/5

DFS ONLY | 18+ (19+ or 21+ where required) | T&C’s Apply | Available in AK, AR, CA, CO, DC, FL, GA, IL, KS, KY, MA, MD, MI, MN, NC, ND, NE, NJ, NY, NM, OK, OR, RI, SC, SD, UT, TN, TX, WI, WV, & WE.

Arvostelu 5/5
+21 only | T&C apply | Gamble responsibly
Arvostelu 5/5
+21 only | T&C apply | Gamble responsibly
Arvostelu 4/5
+21 only | T&C apply | Gamble responsibly
Arvostelu 4/5
+21 only | T&C apply | Gamble responsibly
Arvostelu 5/5

Stay tuned for more details.

Online Sports Betting in Tennessee

After Iowa, Montana, and Indiana, Tennessee became the fourth US state to legalize sports betting. But unlike these other states, TN focused on mobile sports gambling. As there are still no legal, physical sportsbooks in the state, bettors can only gamble online via mobile applications or websites.

However, this is by no means a limitation since bettors have many Tennessee online sports betting sites to use. Besides, residents also have access to various offshore bookies, all offering a good range of betting markets. Understandably, in-person wagering has its thrills, which we can't ignore. But in TN, if players prefer in-person sports gambling, they can visit neighboring states like Virginia and North Carolina, where these retail sportsbooks are legal.

For the more modern bettors, online sports betting sites in the state are perfectly compatible with desktop and mobile. So, bettors can easily place their bets while on the go. Some bookies even have downloadable mobile apps to offer a personalized gaming experience.

Concerning functionality, these applications are top-notch. Menus and navigation links are easily accessible, making the overall sports betting experience exciting. Notably, the state tasked the Tennessee Education Lottery Corporation to oversee all sports gambling activities in the state. However, on January 22, the SWAC (Sports Wagering Advisory Council) assumed this role.

Sports Betting Legislation in TN

For a long time, Tennessee was one of the US' "anti-gambling" states. It is still one of the few states where gamblers don't have commercial or tribal casinos to bet through. Still, since physical gaming rooms were out of the question, discussions on legalizing online sports betting in the state weren't too complicated.

Ultimately, TN moved things pretty fast in the wake of PASPA, a Supreme Court ruling that took down the ban on sports betting in the US. Rick Staples, a democratic resident from Knoxville, and Steve Dickerson pre-filed HB1 and SB16 legislation, respectively. This was in 2018.

In 2019, the measure moved through the legislative process, encountering hiccups at Governor Lee's desk. Later, the same year, the Senate and the House passed the bill.

On July 1, 2019, the Sports Betting Act became effective. However, Lee didn't want to develop a new regulatory body. So, he gave the Tennessee Education Lottery Corporation (TELC) the work of overseeing all sports gambling activities in the state. After passing the sports betting bill, TELC needed time to craft rules and regulations within which sportsbooks should operate.

Eventually, online sports betting in TN started officially on November 1, 2020, and the state hasn’t looked back since. Sports betting handle has now surpassed $6 billion since its launch.

Restrictions

Like any other US state where online sports betting is legal, Tennessee has a few restrictions. Any bettor intending to wager on sports in TN must be at least 21 years old without any exemptions. Secondly, even though players can bet online via the mobile app or website, bettors must be within Tennessee's state lines. Online sportsbooks in the state have geolocation software that verifies a player's location before allowing them to wager.

Besides this, placing props or in-game bets on college events is illegal. And if a player has already enrolled in a self-exclusion program in the state, they can't access any online betting services until the exclusion period is over.

Licensing and Taxes

Tennessee's sports betting law requires bookmakers intending to operate within the state to acquire a gaming license from the SWAC. Indeed, after paying the $50,000 nonrefundable application fee, the bookmaker should wait for up to 90 days, within which SWAC should approve or disapprove the application. This licensing fee money goes to the state's Promise Scholarship fund.

Once the application goes through, the bookmaker must pay $750000 annually as a license renewal fee. Regarding taxes, every licensed sportsbook operator in Tennessee must pay 20% on adjusted sports wagering revenue.

How profitable has sports betting been for Tennessee in 2023?

Since they legalized sports betting in 2022, the Volunteer State has received over $7 billion in betting handle. We'll take a look at their monthly numbers for handle, revenue, and tax income made by the state through sports betting.

  • November 2023:

    • Sports betting handle: $517.1m

    • Revenue: $51.7m

    • Tax income for the state: $9.51m

  • October 2023: Handle: $445.1m, Revenue: $44.5m, Tax Income: $8.19m

  • September 2023: Handle: $418.06m, Revenue: $41.8m, Tax Income: $7.75m

  • August 2023: Handle: $243.4m, Revenue: $24.3m, Tax Income: $4.46m

  • July 2023: Handle: $214.1m, Revenue: $22.1m, Tax Income: $3.95m

  • June 2023: Handle: $230.3m, Revenue: $25.5m, Tax Income: $4.63m

  • May 2023: Handle: $279.8m, Revenue: $35.7m, Tax Income: $7.1m

  • April 2023: Handle: $318.4m, Revenue: $32.1m, Tax Income: $6.43m

  • March 2023: Handle: $392.6m, Revenue: $45.5m, Tax Income: $8.75m

  • February 2023: Handle: $327.3m, Revenue: $34m, Tax Income: $6.3m

  • January 2023: Handle: $410.7m, Revenue: $41.3m, Tax Income: $7.2m

2022

  • December 2022: Handle: $440.4m, Revenue: $49.1m, Tax Income: $9.4m

  • November 2022: Handle: $439.4m, Revenue: $47.2m, Tax Income: $9m

  • October 2022: Handle: $405.3m, Revenue: $37.2m, Tax Income: $6.9m

  • September 2022: Handle: $336.9m, Revenue: $46.2m, Tax Income: $8.7m

  • August 2022: Handle: $205.8m, Revenue: $27.2m, Tax Income: $4.8m

  • July 2022: Handle: $182.7m, Revenue: $18.1m, Tax Income: $3.6m

  • June 2022: Handle: 215.7m, Revenue: $15.8m, Tax Income: $2.5m

  • May 2022: Handle: $261.5m, Revenue: $27.3m, Tax Income: $4.7m

  • April 2022: Handle: $292.7m, Revenue: $27.1m, Tax Income: $4.6m

  • March 2022: Handle: $370.2m, Revenue: $26.5m, Tax Income: $4.5m

  • February 2022: Handle: $313.2m, Revenue: $20.9m, Tax Income: $3m

  • January 2022: Handle: $386m, Revenue: $36.2m, Tax Income: $5.8m

What is legal to bet on in TN?

Until the 1990s, TN residents had to look elsewhere for sports betting services. But now that there are nine sportsbooks legally operating in the state with three more expected to be added soon, wagering on their favorite sports events is more accessible. The state has attracted three clubs in significant sports: Nashville Predators for NHL, Tennessee Titans for NFL, and Memphis Grizzlies for NBA.

As long as bettors are 21 years or older, they place bets on in-state college teams. Even so, live betting on these events isn't applicable. Other top sports gambling options for bettors in TN include soccer, NASCAR, boxing, and golf, and Esports is also available on bookies like DraftKings.

Most importantly, betting on horses, daily fantasy sports, and the lottery is illegal in TN. Apart from these entertainment-related events, other sports are available for a bet in Tennessee. Some offshore bookies have limitations, but we advise against such bookmakers. While most of them are reputable, the TN government cannot intervene should problems arise.

Tennessee Sports betting at casinos

The Volunteer State is one of the most unfriendly states regarding gambling. As it is, wagering on any sports events in person in Tennessee is illegal, and there are no physical casinos or racinos within the state's borders.

While DFS and horse racing events are pretty popular in the US, this state is yet to allow physical gaming rooms within its state lines. Even so, with the high revenue TN rakes from online sports betting, it's only a matter of time before they start considering physical sports betting. But before then, players can bet in person by visiting neighboring states.

When Tennessee legalizes physical casinos and retail sportsbooks, we will update this information as needed.

Gambling news and updates from Tennessee

  • June 29, 2023: Tennessee Titans offensive lineman Nicholas Petit-Frere has been suspended for six games due to gambling violations. The lineman was not wagering on the NFL, but he was wagering on other sports within team facilities.

  • June 23, 2023: Starting in July, the state of Tennessee is set to become the first state to tax sportsbook operators based on sports betting handle instead of revenue.

  • May 24, 2023: Tennessee's soon-to-be newest sportsbook, ZenSports, will be ditching the idea of a new customer sign-up bonus and instead will be offering cashback on betting handle for the customer's first few days. This style of promo has yet to be attempted in the States.

  • March 24, 2023: Legislators in the state have delayed the discussion around the change to the tax structure for sports betting. Currently, HB 1362 and SB 475 are waiting to be discussed as HB 1362 tax operators at 1.85% of the handle they make, and SB 475 would be a 2% tax on the handle.

  • March 2, 2023: The Fanatics Sportsbook has received a license to operate in Tennessee, which will make it the 13th mobile sportsbook in the state when it launches.

  • February 13, 2023: ZenSports Sportsbook has applied for a license in the state of Tennessee. Currently, the peer-to-peer sportsbook is only operating in Nevada.

  • December 22, 2022: The Nashville Predators have officially partnered with BetMGM Sportsbook to become their official sports betting partner.

Tennessee (TN) - Some commonly asked questions (FAQ):

Is sports betting legal in Tennessee?

Yes, online sports betting is legal in the Volunteer State. Tennessee legalized sports gambling in 2019, but the actual kickoff was in 2020. Because of that, there are many mobile betting apps available, all providing options tailored for TN residents.

What sportsbook apps are there available in TN?

At the moment, there are several sportsbook apps up for grabs in Tennessee. The first group of bookies to launch in the state were the state-owned Tennessee Action 24/7, DraftKings, BetMGM and FanDuel. Later, Caesars and Barstool joined in.

How does online sports betting work in Tennessee?

Online sports betting in Tennessee involves a few simple steps. All a bettor needs to do is choose a sportsbook app, open an account, fund it, and then place bets. However, TN sportsbooks only allow players 21 years or older, in their premises.

Who regulates sports betting in TN?

On January 7th, 2022, the regulation work was assigned to the SWAC (Sports Wagering Advisory Committee). To date, this is the acting sports betting regulator in TN and all sportsbooks have to acquire a gaming license from this body.

What sports can I bet on in Tennessee?

Online sportsbook apps in Tennessee have a wide array of sports to bet on. Baseball fans have a good range or bet options, and so do football and basketball lovers as all of the bookies cover the major US leagues, including NFL, NHL, MMA, NASCAR and NBA.

Can I sign up for multiple sports betting apps in TN?

Yes, of course. Bettors can definitely sign up for as many Tennessee sports betting apps as they want. However, opening more than one account on the same sportsbook is not allowed and doing this will cause all of your accounts to be closed for good.