Tennessee sportsbook promos currently span at least eight licensed operators, with combined new-customer bonus value estimated at $3,000–$7,000+ depending on how many books you join. Every offer comes from a state-regulated app — Tennessee launched as the first exclusively online/mobile sports betting market in the US on November 1, 2020, and no retail sportsbooks exist.
Which Tennessee Sportsbook Promos Are Live Right Now?
The table below covers every operator with confirmed bonus terms from current research. Offers are for new customers only. Always verify exact terms on the operator's app before depositing.
| Sportsbook | Welcome Offer | Promo Code | Min. Bet | Bonus Bet Expiry |
|---|---|---|---|---|
| DraftKings | Bet $5, Get $200 in Bonus Bets Instantly | None required | $5 | 7 days |
| FanDuel | Bet $5, Get $300 in Bonus Bets if you win | None required | $5 | 7 days |
| bet365 | Bet $10, Get $150 in Bonus Bets Win or Lose | None required | $10 at -500 or better | Not specified |
| Caesars | Double Your Winnings for First 10 Days | EVGSBKDYW | Real-money wager within 30 days | Up to 2 weeks |
| Fanatics | 100% Bet Match Up to $100 in FanCash for 10 Days | None required | $20 at -500 or better | 7 days |
BetMGM, BetRivers, and Hard Rock Bet are also licensed and active in Tennessee. Specific welcome bonus terms for those three were not confirmed at time of writing — check each app directly or see the best Tennessee sportsbook promos ranked for 2026 for the latest verified details.
What Is the Difference Between a Bet & Get and a First Bet Offer?
These two structures dominate Tennessee sportsbook promos. They look similar but pay out very differently.
- Bet & Get (win or lose): Bonus bets are issued regardless of the qualifying bet's outcome. bet365's Bet $10, Get $150 works this way.
- Bet & Get (win only): Bonus bets are issued only if the qualifying bet wins. FanDuel's Bet $5, Get $300 falls into this category — the marketing can be misleading, so read the terms before placing your first bet.
The distinction matters most for bettors who plan to back a heavy favorite on their first wager. A win-or-lose offer provides more certainty. For a full side-by-side breakdown, see the DraftKings vs FanDuel Tennessee promo comparison.
How Do Tennessee Sportsbook Bonus Bets Work?
Bonus bets are non-cashable credits. The stake is never returned — on a winning wager with a $200 bonus bet, you collect only the profit. Most Tennessee sportsbooks give 7 days to use bonus bets once credited; Caesars may extend that window up to two weeks. Unused credits are forfeited permanently after the expiry date.
One important rule: bonus bets must be wagered once before any resulting cash winnings can be withdrawn. They are single-use and non-transferable between accounts or operators.
Are These Sportsbooks Legal in Tennessee?
All operators listed on this site are licensed by the Tennessee Sports Wagering Council (SWC), the sole state regulator. Tennessee requires geolocation confirmation before accepting any wager — your device's location services must be active while you bet. Residency is not required; anyone physically inside state lines and aged 21 or older can open an account.
Unlicensed offshore sportsbooks are illegal under Tennessee law and carry real criminal risk. Always verify an operator at the official SWC licensee list before depositing. For a deeper look at the legal framework, read is sports betting legal in Tennessee.
What Deposit Methods Can You Use?
Credit cards are banned by state law at all licensed Tennessee sportsbooks. A site that accepts them is a red flag for unlicensed operation. Accepted methods include ACH/eCheck, debit cards, PayPal, Play+ Prepaid, bank transfers, and online banking. Cryptocurrency is also prohibited at regulated Tennessee apps. See the full guide to deposit and withdrawal options at Tennessee sportsbooks for processing times by method.
Do You Pay Taxes on Tennessee Sports Betting Winnings?
Tennessee has no state income tax on gambling winnings. Federal tax still applies, and you report total annual winnings — not each individual bet. When a single win exceeds $600, the sportsbook issues IRS Form W-2G. Tennessee taxes operators on handle (total amount wagered) at 1.85%, not on gross revenue. Full details are in the Tennessee sports betting taxes guide.
Can You Claim Multiple Tennessee Sportsbook Promos?
Yes. Each licensed sportsbook runs its own new-customer promotion, and there is no rule preventing a bettor from joining several operators. Combined sign-up bonus value is estimated at $3,000–$7,000+ across all available books. Staggering sign-ups — claiming one offer, using the bonus bets, then moving to the next — is the most efficient approach. Have questions about how each promo works? The Tennessee sportsbook bonus FAQ covers the most common sticking points.
Must be 21+. Gambling problem? Call 1-800-GAMBLER or reach the Tennessee REDLINE at 800-889-9789.