Tennessee Online Sports Betting Sites & iPhone Mobile Apps for Launch
It has been a long time coming, but sports betting in Tennessee will be happening quite soon. The state is a hotbed for football from the Tennessee Titans in Nashville to multiple top-tier college football programs and a plethora of SEC football fans. Sports betting will be very popular in the Volunteer State, and sports betting is expected to be offered before football season begins in 2020. The state of Tennessee has some different laws from other states, as it will be an online-only sports betting state but with plenty of sportsbook operators expected to enter. Let’s take a look at where you can bet, how you can bet, which betting apps will be available and more in Tennessee.
Where Can I Bet in Tennessee?
When Can I Bet on Sports in Tennessee?
There is no official launch date for sports betting in Tennessee, but it is fully expected to be ready by the fall of 2020. With college football, pro football, the Masters, and many other sports being offered in the fall it is widely expected that a launch date will happen before then. Tennessee is a large tourism state, from Nashville to the smokey mountains, so having the ability to bet online before football begins is massive.
Tennessee Sports Betting Apps
Expect there to be many other offerings in the state, as Tennessee law does not prohibit a limit on operators. The one barrier to entry is a $750,000 annual license fee and a 20% tax.
Expect to see the following legal sportsbooks in Tennessee:
- FanDuel Sportsbook
- DraftKings Sportsbook
- Unibet Sportsbook
- William Hill
- Circa Sports
- and more!
What Sports Can I Bet in Tennessee?
Tennessee offers the following sports to wager on:
- Auto Racing
- Basketball (Pro and College)
- Football (Pro and College)
- Mixed Martial Arts
- Track and Field
What Types of Bets Can I Place in Tennessee?
No prop bets on collegiate athletics can be offered in the state of Tennessee, with the only other caveat being that the sports leagues can technically choose not to offer certain types of bets.
Tennessee sportsbooks offer the following types of wagers:
- Parlays and Teasers
- Live In-Game Betting
- and more!
How Can I Deposit Money at Tennessee Sportsbooks?
Expect to see the following cashier methods on sportsbook apps in Tennessee:
- Electronic Bank Transfers
- Debit Cards
- Other online payment types
This was written into the law, so it will be interesting to see the exact offerings when Tennessee sports betting apps are launched.
Tennessee Sports Betting Law
Tennessee Governor Bill Lee said that he would essentially allow the Tennessee sports betting bill become law without his signature, giving the “floor room to talk”, per se. This means if anyone opposed it, they could hash it out in congress but that was met with little resistance. In late April 2019, the Tennessee Senate passed S16 with H1 that allowed for Tennessee to offer legal sports betting in Tennessee. Some specifics of Tennessee law:
- Online sports betting only
- Tax Rate is 20% and a $750,000 annual license fee
- Must have major sports league data to offer in-play wagering
- These leagues can restrict types of bets if they choose
- No collegiate prop betting
- Must be 21 years of age or older
- 5% hold
- No limits on sportsbook operators
Tennessee Sports Betting Frequently Asked Questions
Is sports betting legal in Tennessee?
Yes. With H1 passing in Tennessee, sports betting is officially legal in the state.
How old do I have to be to bet on sports in Tennessee?
You must be 21 years of age or more to bet on sports in Tennessee.
Do I have to live in Tennessee to bet on sports?
No. As long as you are physically located in the state, you may place a wager on sports.
Can I bet if I visit Nashville from another state?
Yes, as long as you are physically located in Tennessee, you may legally wager assuming you meet the requirements.
What does the tax revenue go to in Tennessee?
Per legislation, the tax revenue in Tennessee from sports betting will go to:
- Education (80%)
- Infrastructure (15%)
- Mental Health and Substance Abuse (5%)