Tennessee is one of the more unlikely places to find a robust online sports betting market. There are no casinos of any kind in the state, including tribal casinos. And there are no retail sportsbooks of any kind. Dipping its toe into the online sports betting world is a brand new venture for the Volunteer State.
The legalization bill was narrowly passed in 2019, Governor Bill Lee did not sign the bill, allowing it to become law by default, and on November 1, 2020, legalized online sports betting went live in all its forms, with Tennessee free bets, bonus offers, and a number of sportsbooks rushing to claim new customers.
The availability of Tennessee free bets and bonuses is far greater at online sportsbooks than at their land-based retail counterparts. When you’re inside a sportsbook, you are already their committed customer. But when you’re online, competing sportsbooks are just a webpage away. An online sportsbook therefore needs to get you to sign up and stop looking at the competition.
They do this by giving you bonus money for signing up for a new account. That bonus money comes in the form of free bets, risk-free bets, and deposit matches. Or, in some cases, actual cash right into your account just for becoming a customer.
The daily fantasy sports provider has the top bonus offer for new Tennessee sports bettors. With a new account, all customers will qualify for a $50 free bet. DraftKings also gives its new customers a deposit match bonus at 20%, up to $1,000.
The other DFS provider turned sports betting giant, FanDuel, offers a risk-free bet of up to $1,000. It is for new customers only, and it is for your first bet only. If the bet loses, the amount of the loss is returned to you in the form of free betting credits.
BetMGM offers its new customers two ways to cash in. First, there is a free bet offer of up to $25. This is automatically credited to your account when you make a deposit. The total amount of that first deposit is important because it will be matched, up to $600.
This is the newest sportsbook in Tennessee. William Hill offers a risk-free bet of up to $500 for first-time customers. Just register for a new account and make a deposit. The very first bet you make will become your risk-free bet.
Action247 is a local sportsbook headquartered in Tennessee and focused on Tennessee sports. It gives its new customers a deposit matching bonus of 100%, up to $100. To unlock the bonus money, just wager the total your deposit and bonus three times within the first 14 days.
WynnBET is making its way across the country, and it is coming to Tennessee in 2021. It offers its new customers a risk-free bet of up to $500. Deposit at least $20 and the first bet you place (up to $500) will become your risk-free bet.
With Tennessee going online as a brand-new market in November of 2020, there were no previous customers. So while everyone who is a sports bettor flooded the market at the same time, the competition to get those customers was fierce. And what better way to attract new business than with the promise of free money.
And now, as new sports betting operators come online in the months ahead, they too will have to offer customers attractive incentives. It’s a never-ending cycle of trying to one-up the other guy, and you are the one who ultimately benefits.
Online and mobile sportsbooks offer four different types of new customer bonuses. From the novice bettor to the big money pro, there's something for everyone.
If you are a new bettor or an experienced one, this is an attractive bonus. It works just like it sounds, in that you are given a free bet by the sportsbook that is yours to use on most available wagers. All you have to do is sign up for an account.
The betting credit is added to your account automatically once you complete the registration process, and the money you win with the bet is yours to keep. Free bets tend to be smaller than other bonuses, but their ease of use makes them popular.
A risk-free bet is different from a straight free bet in a couple of ways. The first is the stake. While a free bet is paid for by the sportsbook, a risk-free bet is paid for by the customer. The sportsbook promises you credit should the bet lose, but it’s your money being used.
The other difference is the amount of the risk-free bet. With a free bet, since it’s being paid for by the sportsbook, the value is usually between $10 and $20 and might get as high as $50. A risk-free bet, since you pay for it, can go as high as $1,000. But if you lose that bet, even when it’s as high as $1,000, the sportsbook will fund a second bet in the same amount.
Like a free bet, a sign-up bonus tends to be for amounts of $20 or less. But since all you have to do to qualify for the money is sign-up, and the money is yours to use as you see fit, these are some of the best bonus offers out there.
No betting is required. Not even a risk-free bet, where you only cash in on your bonus if you lose the bet. This is unlocked cash in your account that you can withdraw immediately or use to start building up your bankroll.
A deposit matching bonus can be the most lucrative bonus offered by a sportsbook. But it’s also the bonus that requires the most reading of the fine print. When you make your first deposit after signing up for a new account, that deposit will be matched by the sportsbook, in some cases dollar-for-dollar, up to $1,000.
All of that money does come with some requirements. It isn’t cash in your account automatically. In order to make that happen, it first must be wagered, and in some cases, it must be wagered multiple times. For the really high amounts, you might need to wager 5x the bonus amount - called a playthrough requirement - before you can cash it out.
With two different bonus offers for Tennessee customers, the daily fantasy sports giant turned full-time sports betting provider is one of the best bets in the state.
The first offer is a free bet of up to $50. Just make a deposit, and a free bet of up to $50 will automatically appear in your new account. You must deposit at least $50 to qualify for the full free bet.
The second bonus offer is a deposit match at 20% that maxes out at $1,000. That means that a $5,000 bet is required to get the full $1,000. The same initial deposit triggers both bonuses.
For a maxed-out risk-free bet, FanDuel is hard to beat. When you sign up for a new FanDuel account, you are eligible for a risk-free bet of up to $1,000 on your initial wager. Just register for a new account, fill up your account with cash and then place any sized wager you want. If that wager loses, the total of the loss - up to $1,000 - will go back to your account in the form of free bet credits.
The first bet you place will be used as your risk-free bet, and any betting credits that go back into your account will appear within 72 hours.
One of the big names that have come to the Tennessee sports betting market, BetMGM offers its new customers two different bonus offers. The first one is a $25 free bet that automatically activates when you make your initial deposit. The $25 is valid for any bet offered by BetMGM.
The second bonus type is a 100% deposit match on initial deposits of up to $600. In order to turn that $600 into withdrawable cash, the total of your deposit and bonus - $1,200 if maxed out completely - must be wagered two times. The playthrough requirement must be completed within seven days.
A 2021 entry to the Tennessee sports betting market, William Hill brings one of the most experienced sportsbooks in the world to Tennessee bettors. They also bring a risk-free bet for up to $500 for first-time customers. No deposit is required, other than enough to cover the wager.
When you sign up for a new William Hill account and add money to your account, the first bet you place will be the risk-free qualifying bet. If that wager loses, the amount of the bet up to $500 will be credited back to your account in the form of a bonus betting credit. That bonus bet must then be used within seven days, or it will be forfeited.
This is a Tennessee-based sportsbook with a customer service center located in Nashville, as opposed to the other sportsbooks in the state, which have a national presence. Action247 offers its new customers a deposit matching bonus of 100%, up to $100.
In order to unlock the $100 bonus, the playthrough requirement is 3x, meaning that $600 must be wagered ($100 deposit + $100 bonus a total of three times) to turn the bonus into cash. The bonus code to use is ACTION100, and it must be completed in 14 days. Otherwise, the bonus will be forfeited. The bonus is only good for a customer’s first deposit.
Another new sportsbook entry into the Tennessee market is WynnBET. They were awarded their license in early 2021. WynnBET offers its new customers a risk-free bet of up to $500, based on the amount of the customer’s first deposit. Since the minimum deposit amount is $20, the risk-free bet will be between $20 and $500.
Just place your bet, and if it loses, the amount of the bet - up to $500 - will be automatically added to your account in the form of a betting credit. The first bet you place following your initial deposit will count as your risk-free bet.
Tennessee is one of the newer states to come online with sports betting, but the laws they have adopted are standard throughout the country. Anyone who is at least 21 years old is legal to open a sports betting account in the state. There are restrictions on what sports can be wagered if you are an athlete, coach, or other sports official who can impact the outcome of a game.
When you are inside the borders of Tennessee, you are legal to use your account, and at that time, all account holders are free to use any free bets and bonuses they may have earned.
Yes. While some states don’t allow betting on local college athletics, Tennessee does. So all college sporting events can be wagered in Tennessee, and all free bets and bonuses can be used on college sports going on in the state and with local teams.
The only legal restriction is in-play wagering on college sports. That is not allowed by Tennessee state law.
Some sportsbooks may offer slightly different methods to fund your sports betting account, but the state of Tennessee as a whole has a wide variety of ways that you can transfer money into your account. You can use credit or debit cards, ACH/E-checks, e-wallets like PayPal and Neteller, wire transfer, prepaid cards, and PayNearMe terminals located inside area 7-Eleven stores.
Unlike other states that allow you to use cash at a retail sportsbook to fund your online account, there are no retail gambling establishments of any kind located in Tennessee. It is strictly an online sports betting market.
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