Since when has online sports betting been legal in Tennessee?
Online sports betting has been legal in Tennessee since July 2019. Perhaps a surprise to many, with there not being any land-based casinos or racetracks in the state. The next part of the process is to finalize the state's regulations around legal sports betting.
The first mobile wagering in Tennessee went live on 1st November 2020
Sportsbooks live in TN are
How many sports betting sites will there be in Tennessee?
Unlike other US states, there is no limit to the number of sports betting websites or apps that could go live in Tennessee.
With sports betting in TN an online-only opportunity, a taxation rate at an ok 20%, and a population of 7m, the prospects for a competitive online sports betting industry in the state look good.
In addition, those living in the states surrounding TN without legal sports betting may journey over the border to place legal wagers. We have seen this happening in huge numbers throughout the US as other states have gone live with legal online sports wagering.
Which new sports betting sites will go live in Tennessee?
All the major US-wide sports betting operators will likely apply for licenses in Tennessee. Without the need to tether with a brick-and-mortar casino, paying fees, or sharing revenues, the access costs for TN are relatively low for the big sports wagering brands.
These are sports betting sites that we expect to see in TN at some point
| Sportsbook | Status | Where Available |
|---|---|---|
| BetMGM Sportsbook Review | Live | NJ, IN, CO, WV, NV, TN, IA, PA, MI, VA |
| Caesars Sportsbook Review | Live | NJ, CO, WV, IA,NV, TN, IL, MI, IN, Washington DC, RI (sportsbetRI) |
| Unibet Sportsbook Review | Pending | NJ,PA, IN |
| Pointsbet Sportsbook Review | Pending | NJ, IN, IL, IA, CO, MI |
| BetRivers Sportsbook Review | Pending | PA, IN, CO, IL, VA, IA, MI, NJ (as Sugarhouse) |
| FoxBet | Pending | NJ, PA, CO |
| BetFred | Pending | CO, IA |
Which sports can you wager on in Tennessee
Tennessee will allow legal wagering on most major sports, which will be very pleasing to sports fans in the state.
Home to major professional teams; Tennessee Titans in the NFL, Memphis Grizzles in the NBA, and the Nashville Predators in the NHL, these sports are likely to be especially popular amongst Tennessee sports bettors.
MLS has also now reached Nashville.
Whilst there is no professional MLB in TN, the states college is the biggest producer of MLB professional players. Our research showed that some 15 players had come from Vanderbilt University
Collegiate Betting in Tennessee
Proposition betting on collegiate events are restricted in Tennessee. So bear this in mind when looking at March Madness Betting this year
Tennessee Online Sports Betting Financials
The final month of 2022 saw Tennessee record its highest-ever monthly sports betting handle, with $440m being wagered.
The growth continues in the state as this figure was a full $100m greater than that in 2021.
Things are working out well with the state closing in on close to $10m a month in taxes from sports wagering activity.
| Year | Month | Betting Handle | Tax | Handle growth |
|---|---|---|---|---|
| 2023 | June | $230,337,515.00 | $4,635,761.00 | -17.68% |
| 2023 | May | $279,794,996.00 | $7,145,077.00 | -12.13% |
| 2023 | April | $318,416,216.00 | $6,435,653.00 | -18.91% |
| 2023 | March | $392,667,304.00 | $8,752,898.00 | 19.96% |
| 2023 | February | $327,326,201.00 | $6,380,150.00 | -20.31% |
| 2023 | January | $410,773,606.00 | $7,269,600.00 | -6.74% |
| 2022 | December | $440,445,414.00 | $9,401,952.00 | 0.22% |
| 2022 | November | $439,456,908.00 | $9,030,021.00 | 8.42% |
| 2022 | October | $405,337,575.00 | $6,989,818.00 | 20.30% |
| 2022 | September | $336,933,437.00 | $8,716,963.00 | 63.67% |
| 2022 | August | $205,863,860.00 | $4,875,847.00 | 12.64% |
| 2022 | July | $182,769,323.00 | $3,668,804.00 | -15.30% |
| 2022 | June | $215,774,186.00 | $2,559,649.00 | -17.51% |
| 2022 | May | $261,582,468.00 | $4,766,458.00 | -10.66% |
| 2022 | April | $292,796,670.00 | $4,649,129.00 | -20.91% |
| 2022 | March | $370,230,004.00 | $4,550,242.00 | 18.17% |
| 2022 | February | $313,298,305.00 | $3,026,574.00 | -18.85% |
| 2022 | January | $386,059,756.00 | $5,817,504.00 | 12.95% |
| 2021 | December | $341,800,000.00 | $3,300,000.00 | -6.54% |
| 2021 | November | $365,700,000.00 | $5,900,000.00 | -2.56% |
| 2021 | October | $375,300,000.00 | $3,400,000.00 | 45.86% |
| 2021 | September | $257,300,000.00 | $3,300,000.00 | 78.06% |
| 2021 | August | $144,500,000.00 | $2,000,000.00 | 0.00% |
| 2021 | July | $144,500,000.00 | $2,600,000.00 | -17.19% |
| 2021 | June | $174,500,000.00 | $3,200,000.00 | 8.45% |
| 2021 | May | $160,900,000.00 | $2,700,000.00 | -6.67% |
| 2021 | April | $172,400,000.00 | $2,800,000.00 | -16.27% |
| 2021 | March | $205,900,000.00 | $3,200,000.00 | 16.79% |
| 2021 | February | $176,300,000.00 | $2,600,000.00 | -16.56% |
| 2021 | January | $211,300,000.00 | $4,300,000.00 | 16.80% |
| 2020 | December | $180,900,000.00 | $3,080,000.00 | 37.62% |
| 2020 | November | $131,444,523.00 | $2,363,918.00 | N/A |
Can you Register Online for Tennessee Sportsbooks?
Tennessee has no in-person requirement for either new account online registration or funding.
You can create a new account online from your mobile or home if you are located within the state and are 21+ years of age.
You can also make deposits, withdrawals, and account management actions from websites or apps.
TN Online Sports Betting Related Questions
FAQ
TN Online Sports Betting Sites FAQs
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What is the best sports betting site in TN?
Tennessee offers a range of sports betting site that can be used on mobile betting apps. To find the best our team has checked them all out and found the best for each sport you might want to place wagers on, or even if you want to make a teaser or parlay bet.
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Are there free bets available at TN sports betting sites?
To welcome you as a new customer many sports betting sites will offer TN free bets and welcome bonuses. Compare the best TN free bets to find which fits the best for you, remembering to read the terms and conditions and understand any wagering requirements required for the bonus funds.
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What is the legal age for using sports betting sites in TN?
To become a customer and use a sports betting site in the state of Tennessee you have to be aged 21 years or over. You will need to verify your age at the registration section when signing up
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Can I register for a sports bettig site in TN online?
You can both register and make your first deposit to a sports betting site in TN 100% online, with no requirement to make an in-person visit to register or fund your account.
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How many Online Sports Betting Sites will there be in TN?
There are currently 4 online Sportsbooks with licenses to operate online sports wagering. These include BetMGM, Fanduel and Draftkings
