Is sports betting legal in Tennessee?
|
Last Updated: Jul 30, 2024
|
Fact Checked By:
Hunter Hewitt
Yes. Tennessee sports betting was legalized in 2019 and launched in 2020.
Legalized sports betting seemed like a long shot until late 2018 and that eventually led to the governor allowing the current bill to pass in 2019. Since it has no casinos, Tennessee is the only state that has online-only sports betting.
If you are ready to start betting, be sure to check out our Tennessee sportsbook promos guide to take advantage of sign-up offers.
Lottery officials approved final rules, regulations and processes in April 2020 and there was a glaring number that stood out. Tennessee is capping payouts at 90% with a 10% minimum hold rule, which is higher than the national average of 6.8% following the repeal of PASPA. This hold worsens odds for bettors, which could in turn hurt the state's chances of succeeding with legalizing sports betting. If things don't go to plan, the state can go over the rules and regulations in a year and adjust as needed.
Because Tennessee is set to be the first with online-only sports betting, it can't base its system off a different state's framework, which is partly why this has become a process.
Daily Fantasy Sports were legalized after passing a bill in 2016, and it includes some of the usual regulations for fantasy sports like deposit limits, identity verification and annual audits.
Tennessee also has a bill for office pools, which states the max entry can't be greater than $25 and total prize pools are no greater than $1,000. The state allows horse racing betting, though that can only be done online.
Read More Sports Betting Q&As
A futures bet is a bet on a future event, usually before a season starts.
Yes. Where legal, the Super Bowl is one of the most popular sporting events to bet on in the world, if not the most popular.
A hedge is a method to reduce risk and secure winnings for a specified bet.
If you've never bet before, there are surely a lot of words and phrases you've never heard before and even if you have bet before, you may not know...
Vig, or vigorish, is the cut or amount charged by a sportsbook for taking a bet, also known as juice.
Yes. Sports betting is legal in North Carolina, but it will be fully operational on March 11, 2024, with pre-registration beginning on March 1, 2024.
Pennsylvania passed legislation to allow sports betting in 2017 and sportsbooks began taking bets in 2019.
Yes. Indiana passed a bill to allow sports betting in 2019 and wagering started in October with online betting opening a couple months later.
Yes, sports betting is legal in the state of Ohio.
Yes. Sports betting is legal and regulated in Arizona as of football season in 2021.
Yes. Pennsylvania passed legislation to allow sports betting in 2017 and sportsbooks began taking bets in 2019.
Yes. Michigan passed legislation to allow sports betting in December 2019 and the first physical sportsbooks opened in March 2020.
Yes, sports betting is live in Massachusetts.
Yes, sports betting is legal in Maryland. It launched on November 23, 2022.
Sports betting is legal in Ohio, and takes bets as of January 1, 2023.
Yes. Sports betting is legal in Virginia and residents began betting via FanDuel in January 2021.
NFL Week 1 odds came out on all the best sportsbooks following the release of the 2024-25 NFL schedule in May.
Yes. Colorado legalized in-person and mobile sports betting in November 2019.
Yes. New Jersey was one of the first states to legalize sports betting and online wagering after the 2018 Supreme Court decision.
Yes, FanDuel pays out real money. Whether you use the DFS portion of the website, sportsbook, or online casino, you will be paid out in real money.
Yes. Illinois passed sports betting legislature in 2019 and launched at legal sportsbooks in March 2020.
Yes. Sports betting can be a career if you make it your full-time job and put in the hours.
Bonus bets in sports betting are often connected to deposits and are also referred to as bonuses.
The plus (+) and minus (-) in sports betting can refer to either the point spread or betting odds.
FanDuel Sportsbook is legal in 22 states. These states are AZ, CO, CT, IL, IN, IA, KS, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY.