Best Tennessee Online Sports Betting Apps And Sites
Sports betting was legalized in Tennessee in the early spring of 2019 by the Tennessee State Legislature. On May 25, 2019, Tennessee Sports Gaming Act became law without Gov. Bill Lee signing it. The law allows for online and mobile betting without physical sportsbooks. As a result, the Volunteer State became the 4th US state in 2019 to legalize sports betting. Since the state doesn’t feature any casinos, it became the first state to institute online-only law. That’s the opposite of what the majority of the states have passed on the newly-legal US gambling market. Read on to learn everything about best Tennessee sportsbooks and TN betting apps.
In the first week of July 2020, it was announced that the state has 4 licensed vendors for their legal Tennessee online sports bet market. On the other hand, TEL (Tennessee Education Lottery) has 3 more sportsbooks awaiting approval. As per TEL’s official website, the newly licensed vendors who are approved to operate mobile sports betting in Tennessee include, dba Wedge Traffic Inc, Wedge Traffic Limited, Sports Betting ST, LLC, dba, SBST, Media Players US LLC, and Mark Knight. If you are a gambling enthusiast and interested in online gambling, keep on reading as we will explore the scenario of TN sports betting online. Let’s get started.
Process of Legalizing Tennessee Sports Betting
Online sports betting and casino betting are completely legal in the state of Tennessee. Even though the bill was signed in 2019, the regulatory bodies were finally established and activated in November 2020. Operators like FanDuel, DraftKings and BetMGM were the first to arrive on scene. Since the state does not have any land-based casinos, TN is one of the first states in the US to have an online-only infrastructure. Despite the steep $50,000 application fee, these three vendors were among the first to get their applications filed and approved by the state body.
Despite legalizing online betting, TN also has a very steep annual license renewal free of $750,000. On top of this, the operators will also have to turn over 20% of their total revenue to the state in the form of taxes. However, it is promising to note that all of the funds received by the state in the form of license fees and taxes will go towards funding education, scholarships and infrastructure projects in the state. So, it must be noted that the legalization of online gambling has become a financial boon for TN. It must be noted that these high licensing fees will make it difficult for smaller competitors to thrive in TN.
Moreover, Tennessee restricts people from certain groups to participate in gambling activities. They include:
- Any individual who holds power to influence the outcome of the sporting event directly
- Individuals who are employees or members of the governing bodies of any association, league, or sports team
- A player or a coach of a professional sports team or a college team
- Vendor or a licensee, supervisory employee or an officer, member of the board of directors, a partner, or a principal owner of a professional sports team
- An employee or a member of the gambling commission
- And individuals who are specifically categorized by the commission stating that their indulgence in sports bets could influence the integrity of online betting in Tennessee
Wagering commissioners allow for betting on professional sporting events, such as e-sports and motor sports, along with any athletic event, the Olympics, or college sports, which is sanctioned by an international or national organization. Nevertheless, the state of Tennessee has prohibited people from gambling on any individual events or actions during a collegiate sporting event.
With that said, the state doesn’t allow college side wagering or prop betting that could happen during the course of a game. Prop bets are related to team performance, including betting opportunities that are related to individual player output. So, in conclusion, there is no cap on the betting licenses in the state. If you are 21 or older, you are eligible to place a bet. And the in-play bets on collegiate sports events will not be allowed.
Choosing Best TN Betting Sites
Once real money betting sites get established to operate in Tennessee, you will see a hoard of them offering a selection of options. However, there are certain aspects that make an online gambling platform stand out from the rest. If you want to play at the best online casino, here are some factors to keep in mind:
The first thing you need to consider is the banking options, or the deposits and withdrawals method. In the majority of the cases, sites that offer variable payment options like credit cards, debit cards, e-wallets, mobile wallets, internet banking, direct transfer, etc. are preferred. The more options you have, the more you can gamble without any worries. Withdrawals, on the other hand, is a different ball game. In most cases, once you have deposited the amount, you will have to spend it gambling for sure. You cannot withdraw the deposited funds.
But there are certain sites that offer withdrawal options as well. It will depend on the casino provider altogether. Even if a site allows you to withdraw the deposit amount, it will take some time. Reputed sites with withdrawal options perform it within three business days.
It is the primary concern for many beginner gamblers playing online. Since a player will be sharing his/her personal information as well as financial details, the site must abide by the rules and regulations ordered by its regulatory authorities. On top of that, the website must be designed, keeping in mind the highest levels of security standards. With that said, established and trusted platforms are regulated by governing bodies like the UK Gambling Commission, Malta Gaming Authority, Curacao Gaming Commission, etc.
And when it comes to the safety of personal information, the site needs to be SSL-encrypted. SSL-encryption means the website cannot leverage the user data in any manner like to sell it to third parties or use it for personal gain.
Promotions and Bonuses
Online gambling platforms lure new players with bonuses and try to retain the existing ones with promotional offers. For example, if a new player signs up at the casino, the casino will provide him/her with a welcome bonus (up to $500 or more). Now, there are different aspects to it. Different casinos function differently. In order to provide bonuses to the new players, they all have different approaches.
For instance, some offer a bonus to new players right after they sign up, while some offer bonuses only after the player has made his/her first deposit. So check for these aspects. For existing players, the casinos may offer cashback bonuses and sometimes free bets for making specific deposits.
Reputation and Legalization
The trustworthiness of the site is all that matters. It can be determined by the regulatory bodies governing the site. Moreover, online reviews also play a crucial role in figuring out the reputation of the gambling site. Look for how the website is in operation, how many users actively use it, what are the pay-out options available, what about the payment system, and more like that.
When you become a regular member of the platform, it is important that the casino offers loyalty programs. All the reputed companies offer loyalty programs to its existing players. This helps them in strengthening their bond towards the players, and for players, it enhances loyalty. Look for a site that offers loyalty programs. It can be anything from free bets to cashback offers, and more.
Although a good gambling website implies a lower probability for players to use their customer support, it still has its uses. One can have issues regarding anything, like payment options, how to create an account, how to make deposits through e-wallet, etc. To answer all the potential questions a player might ask, the casino has to be prompt with their customer support.
A good site will offer 24/7 customer service via phone, email, or live chat.
Choice of Games
It is not just the payment options and customer support, among other things that lure a player to the betting site. The choice of games available is also quite important.
One may not show interest in a site that only offers a couple of games to bet on. A good company will offer bets on numerous sporting events, including live betting. This includes NBA, horse racing, NFL, baseball leagues, and more.
Players nowadays love to bet on their favorite sports from the comfort of their homes. While they can switch on their PCs and open the website, mobile sports betting seems like a great option.
To expand their reach, reputed companies have introduced mobile applications that make sports betting a hassle-free job.
Last but not least, it is also important to determine who are the software providers for all the betting games available on the platform. Some of the reputed software companies include Micro gaming, NET ENT, etc.
What Best Tennessee Betting Sites Have Gone Live?
DraftKings, BetMGM and FanDuel were among the first national sportsbooks to get their applications in. In fact, their submission and approval was complete by March 1 2020. Here is a list of the best sportsbooks that are currently operational in TN. If you are a TN resident 21 years of old and above, then you can play at these websites.
- DraftKings Sportsbook — When you make your first bet, you will be able to enjoy a $50 free bet as well as a $1000 deposit match.
- FanDuel Sportsbook — They have an attractive $1000 risk-free bet that you will be able to take advantage of.
- BetMGM — They have a $600 risk-free bet if you use the code “PLAYBONUS”. They also have really good security.
- William Hill — This is one of the most recognizable names in the business and they are offering more than $2000 in the form of deposit matches and risk-free bets.
What Sports Can I Bet On in TN?
The state offers a selection of sports betting options, including numerous Division I colleges and some major professional leagues. PRO Leagues:
- Nashville Soccer Club (MLS)
- Nashville Predators (NHL)
- Memphis Grizzlies (NBA)
- Tennessee Titans (NFL)
College Division I
- Vanderbilt University
- The University of Tennessee at Martin
- Tennessee Tech University
- Tennessee State University
- University of Tennessee
- Middle Tennessee State University
- University of Memphis
- East Tennessee State University
- Austin Peay State University
Types of Sports Bets TN Offer
TN sports betting online offers the following sports bets to the players:
- Parlay bets
- Futures Bets
- Spread Bets
Private Information Use at Best TN Sportsbooks
You are required to provide the gambling operators, your Name, Age, Phone Number, Physical Address, and an Active Email Account. On top of that, you may also have to ping your payment options.
You are advised to create a separate email account for this purpose and not provide your official email. Always check with the website regarding their security aspect before adding your card, wallet, or banking details to the site.
COVID-19 Roadblocks Sports Betting in Tennessee
Sports betting gained major traction in Tennessee in recent years. Sadly, with the whole nation being decimated by the novel coronavirus, all major sporting events have been halted due to the outbreak.
And it seems like things won’t be returning to normal anytime soon. All the NCAA, NFL, NHL, and NBA competitions have been completely canceled until further notice. And with the 2020 United States Presidential Elections on the rise, sports betting may take a while to surge.
With the Biden administration in charge, the attitude of the federal government towards legal gambling has softened considerably. Legalisation schemes are going to be rolled out in the next couple of months.
Is sports betting legal in TN?
- Yes, TN online sports betting is completely legal. The law allows for online and mobile bets without physical sports books.
Who can bet on sports in Tennessee?
- Any individual who is 21 or older can bet on sports in TN.
Will TN sports betting market be competitive?
- Yes, it is going to be extremely competitive, given its online-only operation.
Is horse racing legal in TN?
- Yes, horse racing, among other lucrative sports, is legal in Tennessee.
When will TN sports betting go live?
- All registered TN online sports betting sites are slated to go live in September 2020.
What companies will enter the online sports betting market in TN?
- Given that they can pay the annual $750,000 licensing fee, anyone can apply to enter the TN betting market.