Tennessee sports fans have access to some of the top betting apps in the industry, as well as all of the Tennessee sports betting bonus offers for new bettors. These offers are a great way for bettors to try many prestigious sportsbook brands. While this is great news, Tennessee bettors have a lot of information to sift through all at once. They may need help to parse through the bonus offers before settling on their favorite sports betting app.
Here are Tennessee’s opening bonuses and what bettors need to know before trying to redeem them on online sports betting apps.
Best Online Sports Betting Bonuses In Tennessee 2024
Tennessee Online Sports Betting Apps
The Tennessee Lottery has awarded 10 sports betting licenses so far, and nine of those licensees are live:
- BetMGM
- FanDuel
- Caesars
- DraftKings
- WynnBET
- Action 247
- Barstool Sports
- TwinSpires
- Wagr
Here’s how all of their welcome bonuses break down.
BetMGM Sportsbook Tennessee
Claim Bonus: Get up to $1,500 in bonus bets if your first bet loses with bonus code ROCKYBET
*Bonus Bets expire in 7 days. One New Customer Offer Only. Add’l terms.
BetMGM offers new users a chance to claim up to $1,500 in total bonuses. More specifically, you can get $1,500 ($250 in NV) back in bonus bets if your first bet loses. This gives bettors room to make several bets upfront without worrying about potential losses. But bettors can’t withdraw bonus bets as they can cash. Those site credits must be used to place bets.
BetMGM also requires bettors to deposit at least $25 within seven days of signing up for a new account. So, bettors must take advantage of this bonus in a timely manner.
FanDuel Sportsbook Tennessee
Claim Bonus: Bet $5, Get $150 in Bonus Bets if Your Wager Wins + 3 Free Months of NBA League Pass
FanDuel has led the way in welcome bonuses in the earliest stages of sports betting expansion. Its current offer is simple and generous. All you have to do is create a new account and then place a $5 wager using your deposited funds. If that wager wins, you’ll score $150 in bonus bets — and that’s in addition to any winnings from your initial bet.
In addition, you’ll also receive three free months of NBA League Pass, featuring live coverage of out-of-market games.
FanDuel offers ongoing promotion as well. FanDuel features multi-sport parlay bet insurance worth $25. If bettors lose a leg on a four-leg parlay bet, they’ll get $25 back in site credit. FanDuel offers multiple ways for new bettors to use bonus bets or receive them back for a second chance if your first bet loses. So, it’s worth checking out for rookies.
Caesars Sportsbook Tennessee
Sign up with Caesars Promo Code START1000 and make a deposit. If your first bet loses you’ll get up to $1,000 bonus bet on Caesars.
Claim Bonus: Get your first bet on Caesars Sportsbook Tennessee, up to $1,000
Caesars Sportsbook is offering a generous welcome bonus: your first bet is on Caesars, up to $1,000 dollars. If your first bet loses, you get the wager back in the form of a bet credit, with a maximum refund of $1,000.
This eye-popping welcome offer is one of the biggest in the sports betting industry. Sometimes when a new state launches, Caesars increases the offer to $1,500.
DraftKings Sportsbook Tennessee
DraftKings is offering new users up to $1,200 in bonuses, including Bet $5 get $150 in bonus bets with a winning initial wager. Also, new users can get a 20% deposit match up to $1,000. Keep in mind that there is a 25x playthrough requirement with this part of the offer. You’ll also get a $50 Bonus Bet with a $5 deposit and you can take advantage of DK’s daily King of the Court profit boost to bet on the qualifying NBA player prop of your choice
Hard Rock Bet Sportsbook
Hard Rock Bet is a new arrival in Tennessee as of October 2023. It is giving sports bettors a great head start when registering a new account.
New users will receive a No Regret First Bet, which means if your first bet doesn’t win, you’ll get a chance to try again with as much as $100 on the house.
Action 247 Tennessee
Bonus: $400 deposit bonus
Action 247 is a small sportsbook operator that followed the major brands into Tennessee. New Action 247 bettors can redeem a 100% deposit match up to $400. So, bettors are matched dollar for dollar when they make their first deposits. If bettors deposit $100, they’ll be eligible for $100 in site credits. To earn those site credits, bettors must wager $5 to receive $1 in site credits. So to redeem the full value of this bonus, bettors must deposit $400 and wager $2,000. This bonus should be redeemed over time. Bettors shouldn’t try to earn this bonus all at once.
TwinSpires Tennessee
Bonus: $1,000 bonus bet
TwinSpires used to be BetAmerica. So, it’s a popular product that’s been rebranded prior to its launch in Tennessee. TwinSpires users can get up to $1,000 site credits back if they lose on their first wagers. TwinSpires will credit site credits to bettors’ accounts equal to the amount bettors lost on their first bets. While bettors can drop $1,000 to potentially use this full bonus, bettors should only wager what they can afford to lose. Site credits aren’t withdrawable like cash.
Wagr Tennessee
Wagr has a very different take on sports betting. Wagr brands itself as an app that builds community. Therefore, bettors don’t play against the house. Instead, Wagr users challenge other Wagr users. For example, imagine that you and your co-worker are arguing because you think Florida is going to get destroyed by Alabama, but your co-worker, a loyal Gator fan, is adamant they will pull off an upset. Instead of asking your colleague if they want to make it interesting by putting money on it and then hoping that they actually pay up if they lose, Wagr will handle the logistics for you.
Plus, you can build a network, much like social media. You can challenge your connections, chat with them, and see their wagers against others.
This innovative app is certainly interesting, but it a very different spin on traditional sports betting. Therefore, it is almost a separate entity entirely, and it is unlikely to disrupt the main players in the space. Also, there are no welcome bonuses since the goal is not to encourage new bets against the house.
Types of Sports Betting Bonuses In Tennessee
Sportsbooks use several types of bonuses to attract and retain bettors. Welcome bonuses are larger than ongoing promotions, and they’re only available to new bettors. They’re usually first-bet safety net bonuses or deposit bonuses.
Sportsbooks also offer small ongoing promotions throughout the year. These can be small bet rebates, odds boosts, or other mechanisms that boost winnings. Finally, sportsbooks can offer VIP or loyalty programs to keep the highest of the high-rollers coming back for more.
Whatever type of bonus sportsbooks offer, the terms are almost all the same.
Deposit Bonuses
Deposit bonuses are one of the two most common types of welcome bonuses. These bonuses involve two steps. First, bettors qualify for site credits by making their first deposits. Then, bettors must wager their own money to slowly accumulate those site credits.
2nd Chance Bets
2nd Chance bets are the other common type of welcome bonus, and they go by many different names. Basically, bettors get a refund on their first wagers (up to a certain maximum) if the bet goes south. The refunds are paid out in site credits, not in withdrawable cash. Still, they are a great way to have a safety net if your first bet doesn’t win. In essence, you get two chances to start off with a win.
No-Deposit Bonus
No-deposit bonuses are the simplest and smallest type of welcome bonuses. These bonuses are small, but they’re not for winning lots of money. They’re just to allow bettors to make a small bonus bet so bettors can give sports betting a try. Sometimes, the no-deposit bonuses are split into multiple bets, but others come as single bets. Barstool Sports’ $10 no-deposit bonus is just $10 for bettors to wager however they’d like. It’s a small incentive to encourage bettors to make their first deposits and use that money.
Other Bonuses
There are a few other types of bonuses, but most of them are variations on what’s already listed. Sportsbooks could offer bettors a few hundred dollars in site credits with no strings attached. But that’s rare and is unavailable from any Tennessee sportsbook.
Bettors may also encounter VIP or loyalty programs where bettors can accumulate points for rewards. For example, WynnBET allows bettors to earn Wynn Rewards points. Wynn Rewards is Wynn Resorts’ rewards program, so bettors can earn points for complimentary meals or nights in Vegas.
But for the most part, bettors only need to be familiar with 2nd chance bets, deposit matches, and no-deposit bonuses.
How To Claim Online Sports Betting Bonuses In Tennessee
Claiming online sportsbook bonuses is easy. The terms and conditions for each bonus are spelled out on each sportsbook’s promotions page. However, bettors may have to hunt for the right page for the welcome bonus. But the steps to redeem that bonus are universal:
- Bettors must download the sportsbook with the welcome bonus they’d like to redeem.
- Bettors must complete registration through the app or website. During this step, bettors will find a box to enter a code to redeem the bonus.
- After registration, bettors must link a deposit method to their account and make their first deposits.
- Welcome bonus credits will usually be applied to bettors’ accounts once the bonus terms have been satisfied. Some sportsbooks may require bettors to accept the bonus from an on-screen pop-up.
For smaller ongoing promotions, bettors have to opt-in manually on the promotions page. At well-run sportsbooks, bonuses are easy to redeem. There will also be many bonuses throughout each major sports season. There will be plenty of bonuses for Tennessee bettors to play for as they become more familiar with sports betting.
Tennessee Sports Betting Bonuses FAQs
How Old Do I Need To Be To Place Sports Bets Online In Tennessee?
You’ll need to be 21 years of age or older. The legal sports betting age in Tennessee matches most states where sports betting is legal. Usually, limiting sports betting to people who are at least 21 allows bettors to visit retail sportsbooks at casinos, but since Tennessee has no commercial casinos, they’ve set their betting age out of convention.
Can I Claim A Bonus At More Than One Sportsbook In Tennessee?
Yes. Bettors can make accounts with as many sportsbooks as they’d like. That means they can redeem as many welcome bonuses as they want. However, bettors can only redeem each bonus once. Bettors cannot redeem the same bonus multiple times.
What Are The Playthrough Requirements On Legal Online Sportsbooks In Tennessee?
Playthrough requirements are the requirements for bettors to play their own money before earning bonus credits. These requirements vary across sportsbooks. The lowest playthrough requirements are usually around five times, and the highest is around 25 times. This ensures bettors actually wager at sportsbooks instead of trying to game bonus credits out of them.
What Is Bonus Abuse And How Can I Avoid It?
Bonus abuse is gaming sportsbooks to redeem the same welcome bonus multiple times. Borrowing someone else’s Social Security number to create another account and arbitrage against a bettor’s own account may seem like a sound strategy. But it’s the kind of behavior that can get bettors kicked off sportsbooks.
What Welcome Bonus Does FanDuel Offer Tennessee Bettors?
FanDuel Tennessee’s promo offer gives new users a shot at $150 in bonus bets after placing their first bet of $5 or more, if that bet wins. But bonus bets can’t be withdrawn like cash winnings. So, bettors must be prepared to keep betting if they’re going to accumulate that many credits.
Is There A Wagering Requirement At Tennessee’s Sports Betting Apps?
Yes. Bettors must usually wager with their own money before getting any site credits. For deposit bonuses, that means making wagers after bettors’ first deposits. For 2nd chance bets, that means placing a bet before getting site credits. Bettors will generally not get large amounts of bonus credits.
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If you or someone you know has a gambling problem and wants help, call or text the Tennessee REDLINE: 1-800-889-9789. Please Gamble Responsibly. 21+
