The list of current sportsbook apps received licenses to start operating in Tennessee from November 2020: BetMGM, Betfair, Fanduel, Draftkings sportsbook.
Tennessee Online Sports Betting Apps Guide
The 16th-largest state in the USA in terms of population, Tennessee is scheduled to go live with legal online sports betting apps on Nov. 1. Estimates are that the state could generate up to $4.5 billion per year in sports betting revenue.
Sports betting in Tennessee will be regulated by the Tennessee Education Lottery Corporation. There are some stipulations in the Tennessee sports betting laws that are unique.
For starters, all in-play wagering results must be based on official data supplied by the leagues. While betting on local college teams such as the Memphis Tigers, Tennessee Volunteers and Vanderbilt Commodores will be permitted, in-play wagering on college sports is to be prohibited.
Tennessee plans a 20 percent tax on sports betting revenue. That would be the second-highest in the USA following Pennsylvania (36 percent).
With no brick and mortar retail gambling sites in the state, Tennessee will be the first state to offer 100 percent online sports betting.
Three online sports betting sites have already been approved for licenses.
A trusted brand that’s been a presence in the industry for over three decades, Tennessee will be the sixth state in which BetMGM has set up shop. The company is already present in New Jersey, West Virginia, Colorado, Indiana and Nevada.
In other states, new players to BetMGM can access a risk-free first bet valued up to as much as $500. If a player’s first wager turns out to be a losing proposition, BetMGM will refund the value of that wager back into the player’s account, up to a maximum amount of $500.
BetMGM’s mobile app is compatible with Android and iOS devices.
As a perk to encourage new registrations, this week DraftKings is offering a list of $1 100/1 wagers on NFL Week 3 games and also on the UFC 253 card.
The standard DraftKings sign up bonus offer is currently a risk-free first bet worth up to $500.
The DraftKings mobile app is available for both Android and iOS devices.
In other states where they are already operational, FanDuel is currently offering new players a $1000 risk-free first bet as a signup bonus. Make your first bet after joining FanDuel. If you lose, they’ll give you a refund of up to $1000 in credit to wager at their site. The money will be refunded to your account within 72 hours.
The FanDuel app is easily downloadable through their website and is compatible with both iOS and Android operating systems.
Tennessee plans to announce future sports betting apps that have been granted licenses on Oct. 5 and Oct. 16. There is no cap on the number of licenses that the state intends to permit.
These are some of the leading sports betting apps that figure to ultimately have a presence in Tennessee.
The Australian company has aggressively moved into the USA market. Known for their unique style of wagering called pointsbetting, which enables bettors to win more money based on the margin in the outcome of their winning wager, Pointsbet is an official betting partner of Major League Baseball and of NBC Sports.
New players to Pointsbet can access a $1,000 signup bonus in the form of two risk-free bets – $500 on their first straight bet and $500 on their first pointsbetting wager.
PointsBet’s mobile app is available for both Android and iOS users.
Partnered with Caesars Entertainment since the Eldorado Resorts/Caesars merger, William Hill has the largest presence of any online sportsbook in the USA. They are actively operating in 13 states.
Newcomers to William Hill in other states are being offered a 100 percent matching signup bonus worth up to $300. This bonus is awarded in the form of a risk-free first bet.
The William Hill mobile app can be downloaded to any iOS or Android device.
Mobile Betting in Tennessee
Tennessee legalized sports betting in 2019, and things have progressed much since that time. Betting operators could launch in Tennessee by Nov. 1 2020 and may launch even sooner, according to the Tennessee Lottery.
Expected betting apps in TN: BetMGM, DraftKings, FanDuel, Tennessee Action 24/7, bet365 TN, and probably William Hill sportsbook app.
The state of Tennessee is going to launch sports betting in a very different way than most other states, as they are strictly going to legalize mobile and online betting. There aren’t any casinos in the state, and it only makes sense that all of the betting be done via desktop or mobile device.
Major gambling companies are lining up to offer a sports betting app when it finally gets launched in Tennessee, but it might not be until November 2020. We expect several betting apps to go live in Tennessee, such as bet365, BetMGM, William Hill, Unibet TN and other sportsbook apps.
BetMGM betting app is not live in Tennessee yet, but expected. bet365 TN is not coming there any time soon.
Tennessee sports betting app launch: mobile apps should go live in November 2020 or 2021 if operators, vendors and suppliers are ready. BetMGM, DraftKings, FanDuel, bet365, William Hill and Tennessee Action 24/7 expected.
Best betting markets/leagues/events via TN sports bet apps: Official rules have not been posted, but expect all of the major sports leagues and events to be available. Horse racing is currently legal in the Volunteer State.
Betting on horse races is legal in the state of Tennessee, and both TVG and TwinSpires are legal apps to bet on the races for residents of the state. There will likely be a ton of betting sites applying to offer a mobile sports gambling app in 2020 and beyond, but a few companies have already made their plans known.
Tennessee Top Betting App*
- BetMGM Sports
- DraftKings App
- FanDuel Sports
- William Hill
- Caesars Bet App
- Bet365 TN
- Unibet App
- TheScore App
- Points Bet App for Tennessee
- Betfred TN
- Betway TN
*Expected (best) betting apps in Tennessee in 2020. Mobile Sportsbooks Only. 21+. Free bets bonuses and other promotions to be expected in Tennessee.
Tennessee Online Sportsbooks & Bonus Offers
|TN Sportsbook App||Bonus Offer||Expected Launch|
|BetMGM Tennessee||up to 500 matched bonus||November 2020|
|bet365 Tennessee||up to 100 in bet credits||November-Dec 2020|
|William Hill Tennessee||free bets promotions||2020/2021|
*Expected sportsbook apps in Tennessee by end 2020/early 2021. Once mobile applicaitons are live in TN state, we will list the best offers and promotions they may present to their new customers. We expect betMGM Tennessee will offer up to $500 bonus in free bets.
Tennessee became the latest U.S. state to move closer to going live with legalized sports betting with news that mobile sports betting sites, such as BetMGM, will be operational before the end of the year.
The state could launch online sports betting by Nov. 1 2020, although there’s hope among state officials that the launch date could be moved up if Tennessee betting apps can be put in place and are ready to go earlier than currently anticipated.
It’s clear that in a perfect world, the state would like to have online sports betting up and operational by Sept. 1, in time for the kick off of the NFL season.
The Tennessee Education Lottery Corporation (TEL) and its board will be the regulator deemed with the task of approving and licensing the operators, vendors and suppliers that will run the state’s program.
According to the TEL, they’ve not yet approved any operators for the online gambling system. The TEL did acknowledge being in receipt of four completed operator applications as of Aug. 18. They are still awaiting criminal background checks to be finalized on those four operators before their identities will be revealed to the public. Those are expected to arrive by the end of the month.
TEL officials also are reporting that they’d already approved four marketing affiliate vendors in their June meeting. They began the process of taking up the applications of 19 additional vendors at meetings held earlier this week.
- William Hill
There is strong speculation that BetMGM app will be among the first sportsbooks to launch in Tennessee. DraftKings and 888Sport have also indicated that they will be keen on entering the Tennessee market. William Hill and Bet365 have also been mentioned as potential players in TN.
Not Everyone On Board
The approval of online sports betting in Tennessee proved to be a long and drawn-out process. That was partially because some major figures in state government were against the idea of legalized sports betting.
Heading the anti-sports betting lobby was Tennessee Governor Bill Lee, who told The Tennessean that he did not believe allowing online sports gambling was “in the best interest of the state.”
In May of 2019, Lee allowed the bill to pass into law without putting his signature on it. It was officially passed on July 1, 2019.
In the 16 months since, while Tennessee fiddled over whether to follow through with the legalization of sports betting, six other states – Colorado, Illinois, Iowa, Michigan, Montana and New Hampshire – all legalized and launched sports betting.
Tennessee will be operating legal online sports betting in a manner completely opposite of how it works in every other state that’s gone forward with sports wagering. Elsewhere, partnerships with brick and mortar casinos and sportsbooks are required before an online operation will be granted the go ahead.
In Tennessee, there are no brick and mortar betting sites – no land-based casinos or sportsbooks.
The state also hasn’t placed any limits on the number of operators, which means any operator with the $50,000 application fee and proof of access to the $750,000 a year operating capital required can apply for a license.
Tennessee Betting Markets
The NFL’s Tennessee Titans are the big game in the state. There’s also the NHL’s Nashville Predators and the NBA’s Memphis Grizzlies for major pro sports.
One bonus in the state is that Tennessee will permit bettors to wager on college sports teams such as the Tennessee Volunteers and Memphis Tigers (we should expect a lot of special free bets bonuses and promotions designed by TN betting sites, such as BETMGM). Many U.S. states prohibit wagering on local amateur sports. Tennessee will not allow live betting on college sports, however.
In fact, the state won’t approve live betting on any pro sport unless the sportsbook has a deal in place to acquire official data from the league.
Free Bets Bonus with Tennessee Sports Apps
Laws And Taxes
Perhaps the biggest drawback in Tennessee’s plan to legalize online sports betting is the 10 percent hold that will be required from each sportsbook. That’s much higher than the majority of states. For instance, in New Jersey the hold is 6.9 percent. Only Delaware (13.09 percent) and Mississippi (10.9 percent) show a higher hold among states that have already legalized sports betting.
This cost will be passed on to the customer, meaning that Tennessee sports bettors can expect higher juice, or vig on the odds they get on games. That’s the percentage of the bet that goes to the sportsbook. In other words, a bet that might offer odds of -110 elsewhere could go up to -120 in Tennessee to gain the required 10 percent hold.
Things could’ve been much worse, though. Originally, Tennessee wanted a 15 percent hold.
Tennessee has reserved the right to revisit this portion of the sports betting law one year into operation.