Tennessee Sports Betting off to flying start
Tennessee sports betting has started life with a huge $27 million handle in the first…read more
Sports betting in Tennessee has arrived. As of Sunday, 1 November, 2020, people who are physically located in the Volunteer State can register with TN sports betting apps, or online sportsbook and place wagers.
Players can now bet on their favorite sports on their mobile device, tablet, or any other internet-connected devices. Tennessee is unique compared to other states that have a regulated sports betting industry. Tennessee sports betting can only be done online with no brick-and-mortar sportsbooks available.
There are now three online and mobile sportsbooks available in Tennessee, they are:
The above sites Tennessee sports betting apps are now accepting bets in the state. They have already enjoyed a considerable amount of success with their NJ sportsbook apps and will be looking to replicate that in Tennessee.
It has been a long road to this point, as the Tennessee sports betting bill was initially approved in July 2019. The Tennessee Lottery Corporation finalized all of TN betting apps’ rules and regulations to finally launch on 1 November. Any sportsbook operator is permitted to apply for a sports betting license in Tennessee and join the current sports betting platforms operating in the state.
Being able to wager on your mobile provides Tennessee residents with a plethora of options. There is no need to travel to a retail sportsbook. Instead, bettors can download betting apps to their iPhone or Android devices and take advantage of live betting options, which allow them to place wagers while the action is underway.
Due to the straightforward process for Tennessee sports betting sites to enter the market, residents and visitors will likely have numerous options at their fingertips as more betting apps launch in the months ahead. With sports betting online now official in the Volunteer State, this page is your source of information about Tennessee sports betting apps. We bring you all of the latest updates, including new attractive bonus offers, how to read those NFL betting lines, and more.
Updated 3 November 2020.
Over a year after the Tennessee sports betting bill was approved, Tennessee online sports betting is now here. DraftKings sportsbook, BetMGM, and FanDuel have launched their TN sports betting apps. Tennessee based company Action 24/7 has also received conditional approval from regulators to launch its platform. Even though the operator is local, competition in the market is already high as popular brands DraftKings, FanDuel, and BetMGM have already received approval.
Action 24/7 is made up of investors throughout the state, and their mantra is “made for Tennesseans by Tennesseans,” which they hope will strike a chord with locals. Before it can launch, regulators are carrying out a background check on action’s provider, Amelco. If and when the check is cleared, Action 24/7 will join what is already a crowded Tennessee sports betting scene, with competition likely to increase over the next few months.
With the requirements for entry into the Tennessee sports betting market straightforward, we expect to see big online sports betting brands apply for a license in the state. All wagering in Tennessee will be done online, and this is an attractive proposition for operators.
We can get a good idea of which brands will apply for a sports betting license in Tennessee by looking at other states with a regulated and legal sports betting industry. New Jersey and Pennsylvania both have a thriving online sports betting industry with several online sportsbooks live.
The NJ and PA sports betting markets are home to both major international and domestic brands. Some of the operators who could enter the legal online sports betting market in Tennessee include:
Some international brands already have a presence in the United States and will see Tennessee as a fantastic opportunity to expand. The Tennessee online sports betting rules mean there is no requirement for a company to partner with an existing sportsbook brand or casino, which could see brand new operators launching in the state.
TN sports betting apps offer all of the major sports you will find available in other states with a legal sports betting industry. If you want to bet on sports in Tennessee, you will have the following options available:
The above list contains significant sports, but as sports betting in Tennessee gathers momentum, online sportsbooks will offer more niche sports betting options unique to other countries. Betting on college sports in Tennessee is restrictive, with the state banning in-game betting on collegiate sports. Additionally, prop bets on individual players are not permitted.
Many sports have betting options that are specific to them; for example, you could bet on who you think will score the next touchdown in an NFL game, or you could do some period betting in a basketball game. Furthermore, standard single bets and multiple bets cover a wide range of sports.
Futures bets are popular in online sports betting markets. The potential winnings increase as you are betting on something that will be decided a long way in the future, so naturally, things can change. For example, you could bet on the Super Bowl winners before the season begins. Single bets include moneyline and total wagers. Mobile sports betting in Tennessee will also give players the option to bet on multiple events with parlays, round robins, and teasers.
Perhaps the most popular sport on Tennessee online sportsbooks is football. Players can access NFL odds for regular-season matches, the playoffs, and Super Bowl 2020. If you really want to check the most competitive odds for NFL matches, you could always check Vegas Insider before placing your bet on a TN sports betting app.
Each sports betting app will feature its own unique approach and design; however, they will all feature a cashier and a ‘my account’ section so players can deposit and sign up for an account on the app. The aesthetics and navigation of each sports betting app in Tennessee will be different, and all will have different themes. All sports betting apps in Tennessee will have pages that contain ongoing promotions, bonus offers, and the latest news.
Tennessee sports bettors should look out for some key features of online sports betting apps, including:
Live betting has grown to become one of the most popular features of the sports betting market globally. Each TN sports betting app have this feature, which means players can bet on games that have already started. The odds change in real-time, reflecting what is happening on the field. Live betting in Tennessee will add an element of excitement for bettors while watching the match.
As we have mentioned, with sportsbooks in Tennessee now live, the competition in the Volunteer State will continue to grow. As new sports betting platforms launch in Tennessee, they will aim to create some noise by advertising numerous attractive looking bonus offers to encourage customers to register. These bonus offers will include:
There will be plenty of free bets available for Tennessee bettors, so make sure you look out for them a new sports platforms launch. Additionally, keep an eye out for loyalty schemes. These typically look different depending on which sports betting app you are using, but players can potentially win some fantastic prizes such as weekends away and unique dining experiences.
The Tennessee sports betting industry is regulated, which means there are numerous safe payment methods available for bettors. Familiar online payment options you will have used for other internet-based transactions are all on offer on TN sports betting websites. The deposit and withdrawal options available on sports betting platforms in Tennessee include:
One standard payment method you may have noticed is missing from the above list is credit/debit cards. This is due to Tennessee sports betting law dictating that only cash-based transactions are allowed as deposit methods.
Betting in Tennessee has been legalized under a stringent set of rules and guidelines. Sports betting in TN is the single online-only model in the United States to date. This means all Tennessee betting has to be done online. Other details of the Tennessee sports betting law include:
Tennessee regulators have also created a controversial minimum hold not used anywhere else in the United States. This rule creates a required 10% hold on all wagers received pushback from industry professionals.
When does Tennessee sports betting start?
It has already started! Betting in Tennessee is up and running as of Sunday 1 November 2020, with three sports betting apps live and accepting bets in the state.
Is online sports betting legal in Tennessee?
Yes, online sports betting was legalized in Tennessee in July 2019 and launched on 1 November 2020. Retail sports betting is not permitted in Tennessee. Current online sportsbooks available in Tennessee include DraftKings, FanDuel, and BetMGM. Local company Action 24/7 has received a conditional license and could soon be available.
Is it safe and legal to use offshore sportsbooks in Tennessee?
We would recommend not using any offshore betting sites such as Bovada, or MyBookie. They do not offer bettors the same protection that you have when using a licensed Tennessee sportsbook app.