It’s now legal to bet online in Tennessee
It’s now legal to place online sports bets in Tennessee! You can place bets anywhere in the state whether you are in the country music capital Nashville, Memphis “home of Elvis Presley” or in Knoxville home of the “Vols” you always have a sportsbook available through your online connection. Online sports betting is only available to persons over the age of 21that are within the state’s lines.
At the moment there are three available online sportsbooks in Tennessee that together offer thousands of sports and events to wager on.
- Action 24/7
We are your guide to the best sports betting in Tennessee
We help you navigate what applies to online sports betting in Tennessee, whether it’s the legal aspects of who offers the best bonuses Gamblingjoker.com has a mission to offer clarity over the situation. We rank and list the operators according to a number of factors such as functionality,mobile-friendliness, ease of use, etc.
Best online betting sites in TN 2022
Below you will find our comparison list of the best online gambling sites in the US. The list presents the bonuses and perks of each gambling site, to find out more information about the providers you can read our review.
Winning factors of betting on sports online
Bet on nearly all sports
You are able to bet on nearly all sports available not only in Tennessee but the whole country!
You never have to rush anywhere to be able to place your bets, you can do it from everywhere.
Open all day long
No opening and no closing hours, online sports betting is always open.
Online sports bets in Tennessee 2022
Governor Bill Lee first opposed the expansion of gambling in the state but would not stand in the way of the legislation that was passed on November 1, 2020.
The regulated online sports betting industry has since been well received and 4 operators have now been approved to take bets in the state. The approved online sports betting operators are FanDuel, BetMGM, DraftKings, and Action 24/7. All operators who have an interest in working in the state must apply for this through the Tenessee education lottery.
Being approved as an operator comes with some licensing fees:
- 50,000 dollars to apply for the Tennessee online sports betting license.
- 700,000 dollars to purchase license approval.
- And 750,000 dollars annually to maintain the license.
- As well as a tax of 20% of all gross revenue.
Legal online sports betting in Tennessee
It is legal to place online bets on sports in Tennessee provided the player is within the state’s lines and is over 21 years old. There are some restrictions regarding what kinds of bets you can place when betting on college sports/leagues.
Sports betting in Tennessee is not income taxed as in other states, however, the state has applied something called a “Hold requirement”. This means that operators have to withhold “10% of handle” which limits the payouts from bet to 90% of the total winnings. You must also register your winnings with the IRS even though you do not have to pay a dedicated winnings tax.
Legal online sportsbooks in TN
Many opponents of the state’s hold requirement say this will drive players to place bets on illegal sportsbooks or to go to neighboring states to get 100% of their payouts.
However, we at Gamblingjoker.com never recommend our players to bet at illegal sportsbooks as this may lead to them refusing to pay out your winnings or in some cases even legal complications. There are currently 4 operators to choose from and more are underway so there is no shortage of variety in the future.
Pending online sports betting licenses in TN:
- William Hill
- BetAmerica Sportsbook
- Caesars Sportsbook
- BetRivers Sportsbook
- FOX Bet Sportsbook
Tennessee mobile sportsbetting
Nowadays, you are able to place sports bets from your mobile device in Tennessee, it doesn’t matter if you have a smartphone or a tablet. The devices have access to downloadable apps and mobile-adapted betting sites. They offer the same exciting range and entertainment as on the sportsbooks website on your desktop. If you love sports betting, this is a perfect way to wager, because you usually have your mobile device with you wherever you go.
Sports betting from your mobile device is very popular and common all over the world and in other parts of the USA. This is not particularly strange, for those who have a relatively new mobile device with a decent internet connection will have access to their own bookie in their pockets.
How does it work?
The whole thing is very simple, some sportsbook operators and online sportsbooks have their own apps that you can easily be downloaded and setup. While other sportsbooks in Tennessee have websites that are optimized to work with the smaller screens of mobile devices. With mobile sports betting, you can bet on e.g. football, hockey, tennis e.g. The range of games is exactly the same, regardless of whether you place sports bets online through your desktop or from your mobile device. It’s easier than ever to place your sports bets. Mobile sports betting has definitely come to stay.
It is no wonder that mobile betting is the fastest growing form of betting, online right now. More and more people are realizing that it is both convenient and fun to be able to place a bet directly from their mobile devices, wherever you are. Live betting while watching a game in person, at the bar, or with a good friend betting works great with all types of mobile devices. You may also deposit and withdraw your money through your mobile device, watch live-streamed sports, check statistics and see the different results. Mobile sports betting is just as easy as placing bets from your desktop, and even easier than betting in person.
Key features of mobile sports betting apps:
- Register new account
- Cashier for deposits and withdrawal
- Keep track of your bets anywhere
- Live betting
Placing an online sports bet in Tennessee 2022
Step-by-step we at Gamblingjoker.com will lead you through how the the registration may look at most online sportsbooks in Tennessee.
Create your account
- First of all, you need to open up a sportsbook operator’s website, after that, you need to find where to sign up for a new account.
We recommend following one of our links to take advantage of any bonuses.
- On the registration page, you must fill in your personal details, including name, social security, address, username, and more.
- If you have one, use any bonus code in the selected field in the registration form.
- The last step is to press the Create Account button.
Deposit money into your account
There are several different deposit options and most sportsbooks in Tennessee have roughly the same options
- PayPal – The most common form of online transaction in the USA.
- Credit and debit cards – Visa, Mastercard, or American Express.
- ACH transfers – Electronic bank transfer option.
- Bill pay and bank transfer – Another form of electronic bank transfer.
- PayNearMe – A reliable payments platform that lets the customer pay how, when, and where they want.
Place a bet
There is a whole number of different sports and events to wager on in Tennessee, there are also different types of bets to place.
4 examples of the common bets are:
- Moneyline bets– bet on which team you believe will come out as victors.
- Parlay bets – a combination of two or more bets.
- Teaser Bets – similar to parlay bets.
- In-play Bets – also called live betting.
- Straight Bets– win the game by covering the point-spread / pushing.
Withdraw your winnings
The different withdrawal options are usually the same as the deposit options. But keep in mind that Tennessee’s online sportsbooks have to uphold the legal holding requirement of 10% which means you may only withdraw 90% of your winnings. And also do not forget to register these winnings as income with the IRS.
Ten Tennessee teams you can bet on
|Tennessee State Tigers||Nashville||NCAA Basketball|
|The Belmont Bruins||Nashville||NCAA Basketball|
|Lipscomb Bisons||Nashville||NCAA Basketball|
|Knoxville Ice Bears||Knoxville||SPHL|
|Tennessee Volunteers||Knoxville||NCAA Basketball|
|Chattanooga Mocs||Chattanooga||NCAA Basketball|
FAQ’s About Online Sportsbetting in Tennessee
Is it legal to gamle online in Tennessee?
Online sports betting is the only form of online gambling that is legalized in the state as of 2022 .
How do i place sports bets online in Tennessee?
It’s pretty easy with only a few steps, create your account,deposit money, place bets and withdraw your winnings. Click here to read more.
Can i win real money at a Tennessee online sportsbook?
If you choose to place your bets with the 4 regulated online sportsbooks in Tennessee, you may win real money!