DraftKings Tennessee gives new customers $200 in bonus bets instantly for placing a $5 first bet — no promo code required. It is one of the most straightforward welcome offers in the state, and one of the longest-running apps in Tennessee's regulated market.
What Is the DraftKings Tennessee Promo Right Now?
The current offer: Bet $5, Get $200 in Bonus Bets Instantly. Place any $5+ first bet and $200 in bonus bets lands in your account regardless of whether that bet wins or loses. One offer per new customer. Bonus bets are non-withdrawable and expire in 7 days (168 hours) after being issued. The stake is not returned in any winnings from a bonus bet.
No minimum odds restriction is stated for the qualifying $5 bet itself, which is a meaningful advantage over offers like bet365's Bet $10, Get $150, which requires odds of -500 or better. Must be 21+. Gambling problem? Call 1-800-GAMBLER.
How to Claim the DraftKings Tennessee Bonus
- Download the DraftKings Sportsbook app or visit the website while physically in Tennessee.
- Create a new account and verify your identity with a government-issued ID.
- Make a deposit — debit card, PayPal, ACH, or Play+ Prepaid are all accepted. Note: credit cards are prohibited by state law at all licensed Tennessee sportsbooks.
- Place a minimum $5 real-money bet.
- $200 in bonus bets credits to your account immediately — win or lose.
- Use all bonus bets within 7 days or they expire permanently.
DraftKings Tennessee Promo vs. Other TN Sportsbooks
| Sportsbook | Offer | Min. Bet | Win Required? | Bonus Bet Expiry |
|---|---|---|---|---|
| DraftKings | Bet $5, Get $200 | $5 | No | 7 days |
| FanDuel | Bet $5, Get $300 if you win | $5 | Yes | 7 days |
| bet365 | Bet $10, Get $150 win or lose | $10 | No | Not specified |
| Fanatics | 100% bet match up to $100 for 10 days | $20/day | No | 7 days per credit |
| Caesars (code EVGSBKDYW) | Double Your Winnings for First 10 Days | Within 30 days of reg. | Yes (winnings doubled) | Up to 2 weeks |
The DraftKings offer stands out because it requires no winning first bet and needs only $5. FanDuel's $300 is larger on paper but demands a winning qualifier — a meaningful distinction. See a full head-to-head in the DraftKings vs FanDuel Tennessee promo comparison.
What Markets Can You Bet on With DraftKings in Tennessee?
DraftKings is known for depth in player props, alternate lines, and live in-game totals. Tennessee bettors get full coverage of Titans, Grizzlies, Predators, and Nashville SC games. Live-bet markets update quickly during games, which suits bettors who like to react to in-game momentum shifts.
For a broader look at which apps are licensed and active, check the guide to sports betting legality in Tennessee. DraftKings was one of the four original apps live at Tennessee's November 1, 2020 launch and holds a current license from the Tennessee Sports Wagering Council. You can verify this at the official SWAC licensee list.
Deposits and Withdrawals at DraftKings Tennessee
Accepted deposit methods include debit cards, PayPal, ACH/eCheck, Play+ Prepaid, and online banking. Credit cards and crypto are both prohibited at all licensed Tennessee books. For withdrawal speed, PayPal is the fastest option — sometimes clearing in hours. ACH transfers average 2–5 business days. See the full breakdown at the Tennessee sportsbook payment methods guide.
Tennessee Taxes on DraftKings Winnings
Tennessee has no state income tax on gambling winnings. Federal tax still applies, and any single-event win over $600 triggers an IRS Form W-2G from DraftKings. Federal liability is calculated on your total annual winnings, not bet by bet. Full details are in the Tennessee sports betting taxes guide.
Who Should Claim the DraftKings Tennessee Promo?
DraftKings suits bettors who want a guaranteed bonus without needing their first bet to win. The $5 minimum entry is the lowest friction route to $200 in bonus bets available in Tennessee. Prop bettors and live-bet enthusiasts will also find the market depth useful beyond the welcome offer.
Bettors chasing maximum combined bonus value across operators should review the best Tennessee sportsbook promos ranked for 2026 — stacking multiple books can yield $3,000–$7,000+ in combined sign-up value. Common questions about how bonus bets work, expiry rules, and withdrawal restrictions are covered in the Tennessee sportsbook bonus FAQ.