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Tennessee Online Sports Betting

 
Sportsbook Directory · States · Tennessee ·
Tennessee Online Sports Betting

This article will give you an insight into the current situation regarding Tennessee online sports betting. If you’re a sports aficionado, you must have heard the news that Tennessee online sports betting is legal now. The bill allows residents to place legal sports bets online, and it became law in July this year.

The goal is to launch four sports betting apps in Tennessee at the same time, no later than November 1, 2020. If the operators are ready, it could be slightly earlier for Tennessee Online Sports Betting. Those four sports betting apps are DraftKings, FanDuel, BetMGM and Tennessee Action 24/7.

Tennessee Online Betting Sites

In spite of that, we will still discuss some of the top sports betting sites that might start operating in TN, sports betting odds, and generally, all of the betting opportunities you might come to find. Therefore, let’s start our Tennessee sports betting journey with the sports betting websites where you might be able to place bets in the near future.

Since there are still some things to sort out before launching TN sports betting sites, we can only talk about some popular operators that might hit the Tennessee sports betting market. Asides from the four sports betting apps listed above, here’s a list of some online sportsbooks that might also become a part of the Tennessee online sports betting market:

Obviously, this is just our assumption on what the Tennessee online sports betting platforms will be. Nevertheless, we’ll have to be a bit more patient and wait until the sportsbooks go live in Tennessee. Like other states with mobile sports betting, once a few sports betting apps are up and running, it is expected to become a crowded field with plenty of legalized sports betting options.

Tennessee Betting Laws

The Tennessee Sports Gaming Act was enacted on July 1, which made Tennessee online sports betting legal. Both the state Senate and the House passed the bill, and it became law, though without the signature of Gov. Bill Lee.

This process included the Tennessee Education Lottery Corporation and its board to create the regulations which would allow online betting in the state. However, even though Tennessee online sports betting is legal now, the law also requires each county holds a special election which would result in a nine-member advisory council. Completing all these requirements will take some time. Therefore, you won’t be able to place online sports bets just yet. In addition, we still have to wait for the online sportsbooks to receive special licenses before they can start accepting wagers. As a result, we expect Tennessee online sports betting sites to go live faround November 1, 2020.

An interesting fact is that the only form of sports wagering will be the Tennessee online sports betting. The retail sportsbooks aren’t legal, and once the top sports betting sites go live, you’ll be able to place sports bets.

Tennessee Online Sports Betting: Events and Betting Markets

The following paragraphs contain information about sporting events, betting odds and markets, and also teams you’ll be able to bet on as soon as the Tennessee online sports betting platforms go live.

Common Types of Bets

In case you aren’t familiar with the types of bets you can place, we’ve got you covered. Following is a list of the most common types of bets:

  • Moneyline/ Win Bet - the most popular type of bet where you choose the team/players you think will win.
  • Handicap Bets - type of betting where a team(player is given a “handicap” they need to overcome in order for the bet to win
  • Specials / Prop Bets - these refer to different bets you can make, not necessarily on the outcome of the event, but rather on specific instances, such as the first goalscorer, etc.
  • Outright Bets - known also as the ante-post bets, meaning you can place a bet on an event that is still months away
  • Total Bets (Over/Under bets) - these bets refer to a wager on combined goals, points, etc. will be over or under what the oddsmaker sets.
  • Accumulator Bets - they involve placing multiple selections that are a part of one single wager.
  • Daily fantasy sports - Available across various sports betting apps. Pick a new team everyday and dominate the competition. Daily fantasy sports are highly customizable across different sports leagues.

Most Popular Sports to Bet On

Since we are talking about online betting in the United States, you can assume which sports leagues will be at the top of this list. Let’s see which sports we can expect to see on the Tennessee online sports betting websites:

  • Football
  • Baseball
  • Basketball
  • Hockey
  • Tennis
  • Soccer

Ultimately, it depends on the Tennessee online sports betting operator to decide which sports it will feature. Since the sports selection will vary, that means the betting odds will also be different. So, you should always check out what some of them offer before you choose the one you will use for your TN sports betting adventures.

Popular Tennessee Events

As you’ll see, Tennessee has some very strong teams you will definitely be able to bet on. Let’s see which Tennessee events will grab your attention:

  • Stanley Cup
  • NBA playoffs
  • Bristol Motor Speedway - Car racing
  • NFL home games of the Tennessee Titans
  • AutoZone Liberty Bowl
  • Nashville sounds

Of course, these are some of the Tennessee events you might like to follow. Once the Tennessee online sports betting websites are launched, you wll be able to enjoy sporting events happening all over the country.

Best Teams to Bet On

Some bettors really enjoy betting on their favorite local teams. And while some, unfortunately, aren’t always successful, Tennessee has some popular teams you could bet on:

  • Nashville Predators (NHL)
  • Nashville Kats (AFL)
  • Tennessee Titans (NFL)
  • Memphis Grizzlies (NBA)

Of course, these are the most popular TN teams known in the whole country. There are other teams that might be less popular, but that doesn’t mean their game isn’t top-notch.

Common Payment Options

In order to place bets, you’ll need to fund your account. Of course, it’s much easier to do so when you have payment options to choose from. Because of that, we hope operators will accept a wide range of payment methods. Below is a list of some of the most popular and trustworthy banking options:

  • Credit/debit cards
  • PayPal
  • PayNearMe
  • Neteller
  • ACH
  • Prepaid cards

Usually, these methods can be used for making both deposits and withdrawals. But, unfortunately, not all of them support withdrawals. We suggest you check these details out before choosing your preferred payment option.

TN Sports Betting FAQ

Due to the Tennessee online sports betting situation still being in the developing phase, below are some frequent questions we were happy to answer. Hopefully, it will resolve some doubts or questions you might have about Tennessee sports.

Are sports betting sites legal in the United States?

In some states, yes, sports betting websites are legal. New Jersey and Pennsylvania were among the first ones to legalize online sportsbooks. Now they have a wide range of top sports betting sites. In addition to these states, we’re excited Tennessee online sports betting sites will join the group in the near future.

What do I need to do to register at an online betting site in Tennessee?

First, we need to wait until the four sports betting websites discussed above become active in TN. But, based on our previous experience, we can tell you what the usual procedure looks like. Before you join any online sportsbook, check out the complete TN sports betting offer.

If you decide to create an account, you will need to fill out a registration form with all the required info. But, no need to worry. The procedure is relatively simple and straightforward.

Usually, you will need to verify your account by sending a copy of your personal document. This is a necessary step since it will make your account more secure. It is expected to be the same with TN sports betting as well.

Is it safe to deposit money at sports betting sites in Tennessee?

As soon as the Tennessee online sports betting sites go live and you register an account, you’d need to fund it. You could do so via payment methods provided to you by the operator. Depositing money at online betting sites is safe.

But, you should always opt for the websites you know are trustworthy and reputable. You can simply check that by looking for certain licenses the operator has. That way, you can be sure your fund will be safe.

Can I set betting limits?

Yes, online sportsbooks offer that option to every player. And, it’s highly advisable to do so. That way, you can make sure you don’t exceed the betting limits you set.

Final Thoughts on Betting in Tennessee

We’ve arrived at the end of our Tennessee online sports betting review. Online sports betting industry is getting bigger by the day in the US as some of the states are realizing the potential benefits of legalizing online sports betting.

Thankfully, the rest of the obstacles will be resolved soon, and we will be able to enjoy some sports wagering on diverse online betting platforms available in the state of Tennessee.