Tennessee Online Sports Betting Guide 2024
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Tennessee’s passion for sports runs deep, and now fans can take their love for the game to the next level. Online sports betting is fully legal in Tennessee, making it the first state to adopt an online-only sports betting model.
In this guide, we’ll break down everything you need to know—from Tennessee’s sports betting laws to the best platforms where you can place your bets. Plus, we’ll cover key tips, like how to manage winnings. Ready to dive in? Let’s explore the Volunteer State’s betting scene!
🔑 Key Takeaways
- Understand the conditions of online sports betting stance in Tennessee.
- Explore the top TN online sportsbooks to place bets.
Sports Betting Sites in Tennessee: Top 5
Sports betting was legalized in 2019 with the lifting of the PASPA Act. Currently, Tennessee has 11 legal online sportsbooks within the state. To guide your gambling journey, we gathered the best five platforms:
Is Online Sports Betting Legal in Tennessee?
Tennessee legalized online sports betting in 2019, and the first sportsbooks launched in November 2020. However, the state only allows online betting, with no in-person wagers permitted.
Here are the key events of TN sports betting regulation:
- 2018: PASPA Act overturned, giving states the power to legalize sports betting.
- 2019: Tennessee’s sports betting bill signed into law.
- 2020: BetMGM, DraftKings, and FanDuel become the first legal sportsbooks in the state.
- 2023: Taxation updates see operators taxed 1.85% on betting handle instead of 20% on revenue.
Note: By January 2024, Tennessee bettors contributed to a total handle of $467.4 million, making the state a top destination for online sports betting.
Are There More Gambling Options in Tennessee?
As we know, online sports betting is legal in Tennessee, but in-person wagering isn’t–so what other gambling options are allowed in the Volunteer State? Let’s see:
Horse Racing
As part of the legalization of sports betting in Tennessee, the ban on horse racing wagering was also lifted. So, you can use your chosen regulated sportsbook sites to bet on races across America and overseas.
Daily Fantasy Sports
Many jurisdictions consider fantasy sports to be skill-based gaming rather than gambling, which is why it is allowed in so many more states than sports betting. Tennessee is no exception–you can join sites such as DraftKings and FanDuel and begin drafting your lineups in football, basketball, baseball, and more.
Sweepstakes Casinos
Online casino gaming is prohibited in Tennessee. However, sweepstakes casinos–where the games are free to play, but there are occasionally cash-based prizes to be won–aren’t.
Popular Sports and Teams in Tennessee
From Olympic gold medalists Wilma Rudolph and Tracy Caulkins to NFL star Reggie White, Tennessee’s sports legacy is rich and inspiring. Tennessee shines in football, basketball, and hockey, offering fans and bettors plenty of excitement: NFL betting, NBA betting, MLB betting, soccer betting, and NHL betting.
Football
Tennessee Titans: Relocating to Nashville in 1997, the Titans have won multiple AFC divisional titles, with their last Super Bowl appearance in 1999.
Basketball
Memphis Grizzlies: The Grizzlies, in Tennessee since 2001, are playoff regulars, with a Western Conference Finals run in 2013.
Tennessee Volunteers: This iconic college program boasts 24 national championships and is nearing 150 SEC titles.
Hockey
Nashville Predators: Debuting in 1998, the Predators claimed the Western Conference in 2017 but lost in the Stanley Cup Finals.
Baseball & Soccer
Memphis Redbirds: A Triple-A team and 2018 Triple-A National Champions, filling the MLB gap.
Nashville SC: Tennessee’s MLS team has made the playoffs every season since 2018, with quarterfinal runs from 2019-2021.
Understanding TN Taxes and Payouts
Tennessee imposes no state or local taxes on sports betting winnings, so bettors keep their profits. However, if you win $5,000 or more, a 24% federal tax applies, which must be reported on your tax return.
For more details, check out our expert guide on taxes on sports betting.
So, Will You Bet from Tennessee Tonight?
The Volunteer State is open for business! Sign up with one of the top Tennessee sportsbooks featured here and start wagering on your favorite teams and events today. Explore our TrustnBet website’s expert advice and tools to boost your betting success.
Curious about how Tennessee’s laws compare to others? Dive into the full details of online sports betting legislation in the US and discover more insights.
References
- Tennessee Sports Wagering Council — Retrieved Nov 25, 2024
Frequently Asked Questions
Yes, mobile sports betting is fully legal in Tennessee. You can place wagers using licensed sportsbook apps as long as you are physically located within the state’s borders.
Tennessee law requires bettors to be at least 21 years old to legally participate in sports betting.
Sports betting became legal in Tennessee in May 2019 with the signing of its first sports betting bill. The first legal wagers were placed in November 2020.
