Best Legal Tennessee Sports Betting Apps + Sportsbooks In 2024

Tennessee Sports Betting And Gambling Laws

Tennessee gambling laws post ted some strict requirements to follow when gambling in TN. TCA § 3-17-101 et seq. describes the Tennessee Nonprofit Gaming law which permits nonprofits to hold annual games of chance-based fundraising events. All proceeds must directly benefit the charity, with the law prohibiting 50/50 raffles.

All states have their own definition of “gambling,” but Tennessee has one of the most restrictive in the nation. The law explains why you will not find any casinos within the entire state. TCA § 39-17-501 et seq. defines gambling in the following way:

“Gambling is contrary to the public policy of this state and means risking anything of value for a profit whose return is to any degree contingent on chance, or any games of chance associated with casinos, including, but not limited to, slot machines, roulette wheels and the like.”

Timeline Of Tennessee Sports Betting

• November 11, 2024 – Bovada announces that they will no longer accept residents of Tennessee for legal sports betting
• April 2023 – A bill was passed that changed how local sportsbook apps pay taxes. Instead of paying tax on revenue, they will pay 1.85% on the handle.
• July 14, 2022 –he Consumer Choice Center ranks Tennessee fourth for sports betting out of 14 reviewed states. However, they are part of a three-way tie for that fourth place spot, so they could also be described as sixth place.
• June 29, 2022 –May was the lowest handle month in Tennessee sports betting since September, according to the Tennessee SWAC. About $261.5 million was wagered in the month.
• March 11, 2022 –The Tennessee SWAC approves BallyBet, SuperBook and GameWise to launch sportsbooks online in Tennessee.
• Jan 6, 2022The Tennessee SWAC, now in charge of the sports betting industry in TN, approved Angstrom Sports as a sports betting odds vendor, and will be looking at further approvals, both of vendors and of sportsbooks, in the future.
• Oct 23, 2021 – Tennessee’s SWAC, the governing body of the sports betting industry, hires Mary Thomas as an executive director.
• Oct 8, 2021 – SWAC will be taking over from the Tennessee Lottery in 2022, raising questions regarding Tennessee’s current 10% mandated hold.
• May 12, 2021 – The official date of the transfer between the Tennessee Lottery and the Tennessee SWAC has been established – the start of 2022.
• Apr 27, 2021 – Tennessee is looking hard at naming the Sports Wagering Advisory Committee to be the official governing body of sports betting in TN.
• Mar 29, 2021 – Suspended wagering operator Tennessee Action 24/7 receives a temporary reinstatement.
• Mar 23, 2021 – Tennessee Action 24/7 sues the Tennessee Lottery over its indefinite suspension of Action 24/7.
• March 12, 2021 – William Hill goes live in Tennessee just before March Madness, with other sportsbooks soon to follow, increasing TN’s market.
• Jan 8, 2021 – Tennessee lawmakers approved Flex Loans, loans offered for circumstances that can include sports betting.
• November 1, 2020 – Tennessee sportsbooks launch, with FanDuel, DraftKings and BetMGM among them.
• Apr 23, 2020 – Tennessee has begun accepting sports betting applications from those who wish to offer sports betting in TN.
• Dec 20, 2019 – Sports betting has been approved by TN, but regulatory hang ups are delaying the launch.
• May 24, 2019 – With the passage of HB 0001, Tennessee becomes the fourth state in 2019 to regulate sports betting, and the first to do so entirely online.
• Apr 26, 2019 – HB 0001 passes the Tennessee House with a vote tally of 58-37-2.
• Mar 28, 2019 – HB 0001, which would regulate sports betting in TN, is still stuck in committee.
• Mar 2, 2019 – TN HB 0001 passes out of a subcommittee, but remains in committee. The bill’s number makes it clear that this is a high priority for the legislature, however, and hope remains high.

Betting Restrictions In Tennessee

Tennessee applied several betting restrictions to those who would wish to operate sportsbooks in the state. The most onerous by far is a restriction on live bets and prop bets on collegiate athletics. However, this restriction is fairly minor compared to the way some states treat collegiate athletics – banning wagers on it altogether. Another major restriction is that you can only bet on actual sporting events, and not on other events such as awards shows or television shows.

Sportsbooks With Tennessee Football Player Prop Bets

In Tennessee, local sportsbooks cannot offer player props for college football, limiting your ability to bet on players from the Tennessee Volunteers. This restriction is due to specific state regulations on sports betting. Offshore sportsbooks offer a variety of player prop bets and operate under international standards. They are licensed and secure, ensuring a safe betting experience. Check out these online sportsbooks for a more extensive range of betting options.

When Will The Legal Tennessee Sports Betting Market Launch?

Tennessee’s legal sports betting apps​launched on November 1, 2020. The Tennessee Education Lottery (TEL) was finally able to stick to a deadline with the sports wagering market and rolled out the mobile applications on the scheduled date, which was the last of many potential launch dates that the Volunteer State had seen since the industry became regulated in May 2019. By law, Tennessee is strictly a mobile and internet sports betting state, offering no retail locations to their residents. On the day sportsbooks opened to the public, there were four licensed operators.

Many more are expected to be seen in the future as there is no cap to the number of sports betting businesses that can offer their services to Tennessee gambling enthusiasts after receiving licensure by the TEL. Sports bettors that were waiting for this day to arrive for well over a year wasted no time in placing bets. Within it’s first eight days as an operational business, the four sportsbooks in Tennessee brought in a combined handle of $27 million.

​

Tennessee Sports Betting Revenue

Tennessee became the fifth-fastest sports betting state to break a $2 billion handle. This happened in their first year of activity. Taxing sportsbooks at 20% of revenue, sports betting in Tennessee has helped. The money supports programs in Tennessee focusing on education and problem gambling. In 2021, bettors placed $23.1 million in bets on the Super Bowl in Tennessee.

• Total Sports Betting Handle: $5.2 billion
• Total Sports Betting Revenue: $466.3 million
• Total Sports Betting Tax Collections: $78.6 million

What Teams Can I Bet On?

Tennessee is home to a very strong sports culture thanks to the local college teams. Many Tennessee residents are die-hard local sports fans which is what makes sports betting in Tennessee so enticing. Online sportsbooks host betting lines for college teams like the University of Memphis and the University of Tennessee. Tennessee is also home to NBA team the Memphis Grizzlies and NFL team the Tennessee Titans. Tennessee sports bettors aren’t limited to local teams, however, since online sportsbooks offer residents of the Volunteer State betting lines from all teams in all major sports. you can bet on any sporting event, team, player, match, or fight that you want and all the odds and betting lines will be available at legal sports betting sites.

College

Professional

Tennessee Titans Betting Odds

With brand new head coach Brian Callahan, the Tennessee Titans look to have a better 2024-25 season than past years. BetOnline and other legal TN betting sites offer future odds on the Titans all year round. Bet on their odds to take the AFC South or for Callahan to win COY today at any of the legal NFL betting sites that take players in the Volunteer State.

Opening Super Bowl 59 Odds: +15000

Betting On The Memphis Grizzlies

The Memphis Grizzlies take the most action at NBA sportsbooks in Tennessee for live game lines and future wagers. Whether you want to bet on the live spread or the over for Ja Morant points in a Southwest Divisional matchup, there are sportsbooks ready to accept your bets. There are ways to bet on the Grizzlies during the entire year and many TN sportsbooks to choose from.

4Betting on the Nashville Predators 202

The Nashville Predators may not be a favorite for Stanley Cup betting, but there are still many profitable ways to wager on the team in 2024. The regular season is filled with game lines and NHL betting sites take wagers on every game of the year. Along with these game lines, you can wager on the total wins that the Preds will win during the regular season and if they will find their way back to the postseason.

Betting On The NFL In Tennessee

Between the state-regulated online books and the internationally licensed online sportsbooks, Tennessee bettors have many different ways to bet on the NFL in 2023. Whether placing a future wager on the Titans AFC South odds or any live game props for Derrick Henry’s rushing props, the online books in TN have all different types of NFL wagers. If looking for NFL betting sites that accept future and live wagers on the 2023-24 season, BetOnline is the site for you.

How To Bet On The Volunteers In Tennessee

Sports bettors in Tennessee can be confused to find that they are unable to wager on college props. This is due to state laws that prevent such wagers from being placed by bettors of the state. Bettors that would still like to bet Tennessee Volunteer prop bets can still do so on an internationally-based sportsbook like BetOnline. These legal college football sportsbooks fall outside of the purview of U.S. state and federal laws.

Betting On The CMT Music Awards

As previously stated, Tennessee’s state-sanctioned sportsbooks are not allowed to offer betting odds on any award shows, including the beloved CMT Music Awards held annually in Nashville. That is not a problem for bettors looking to get in on the action though, as international sports betting options such as MyBookie and BetOnline are not bound by the same restrictions are state-regulated books.

Tennessee’s Unique Online-Only Sports Betting Model

When Tennessee legalized sports betting in a mobile-only context, it was the first state to do so. Several states have now followed suit. The solution originally came up as a way of placating Gov. Bill Lee, who was adamantly against any method of expanding actual casino placement in the state. However, it swiftly became clear that Tennessee’s online-only method was actually more efficient than other methods. The first month of Tennessee sports betting saw a handle of over $130 million, in a state where less than seven million people live. It only got bigger from there, and Tennessee has since demonstrated the efficiency of this model by outperforming several similarly sized states.

Can I Bet Real Money On Sports In Tennessee?

Yes, online sportsbooks allow you to bet real money on sports in Tennessee. You can bet on the Super Bowl, March Madness, the Masters, and other major sporting events. Real money sports betting sites have instant deposit options so that you can start betting on sports the same day. When it comes time to collect your winnings, methods like Bitcoin ensure that your cash is delivered within hours. Betting real money on sports in Tennessee is the most exciting way to wager.

What Is the Sports Betting Age In Tennessee?

Tennessee law implemented a legal sports betting age of 21 and up. Standard to most states, once you are 21 or older you can have your pick of any online sportsbook. Keep in mind that legal sports betting sites are licensed in other countries like the UK where the betting age may be lower. You still need to wait until after your 21st birthday before joining an online sportsbook. The age to bet on sports in TN always takes precedence over the age required by the sportsbook.

Daily Fantasy Sports In Tennessee

Tennessee is one of the many states with legal Daily Fantasy Sports. Former Governor Bill Haslam (R) regulated daily fantasy sports by signing the Fantasy Sports Act of 2016. Tennessee was the third state to regulate DFS contests and create a legal framework governing the pastime. The Fantasy Sports Act requires operators to pay a 6% tax on revenue generated by TN residents and also stipulates that certain consumer protections must be in place. All participants in contests must be at least 18 years old.