Tennessee Sports Betting Bonuses: $5,200 in Promos in Feb. 2026

Tennessee sportsbook promos summary

1. Fanatics Sportsbook Tennessee welcome promo

If you are new to Fanatics Sportsbook, you can register today to earn a great welcome bonus, which we've outlined below:

• No Fanatics Sportsbook promo code is required. 
  
  
• You must make a $10 initial deposit and place a $5 qualifying wager on any market with -500 odds or longer. 
  
  
• Fanatics Sportsbook will issue you $100 in FanCash.
  
  
• This promotion is available for your first four days using the platform, allowing you to unlock up to $400 in FanCash bonuses.  
  
  
• The bonus bets are non-redeemable, and each expires at 11:59 p.m. on the day of issuance. This offer is available until Aug. 26, 2026. Alternatively, new bettors can opt to claim a 'Up to $1,000 Bet Matched FanCash' bonus instead. 

Read our Fanatics Sportsbook review to learn more. 

Fanatics Sportsbook iOS app

Fanatics Sportsbook promo pros and cons:

Up to $400 in FanCash

Reasonable initial deposit or wager required

Customer-friendly terms and conditions

Bonus bets expire in seven days

Have to wager for multiple days

Hard to keep track of

2. BetMGM Tennessee welcome promo

$1,500 First Bet Offer

Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA), 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR) 21+ only. Please Gamble Responsibly. See Sports Betting | Legal Online Sportsbook at BetMGM | BetMGM for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. This promotional offer is not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico.

COVERS

Claim $1,500

BetMGM is another massive player in the casino and sportsbook industries. New users residing in Tennessee are eligible to claim an '$1,500 First Bet Offer' when inputting the BetMGM bonus code 'COVERS' during registration to activate the offer. Before claiming your new player bonus, there are a few things to keep in mind:

• New users must provide some form of legal verification to confirm their identity when registering. You will automatically receive a $50 bonus after registration. 
  
  
• A minimum initial deposit of at least $10 is mandatory following sign-up. 
  
  
• Place a real money wager on any available market.
  
  
• It the wager settles as a loss, you will receive the entire amount back in bonus bets — up to $1,500 — within 24 hours of the qualifying bet settling.
  
  
• The bonus is issued as five bonus bets if you wager over $50. If you bet less than $50, you receive one bonus bet of equal value. For example, if you lose a $100 bet, you will receive five $20 bonus bets. Alternatively, If you wager $25 and lose, you will receive one $25 bonus bet.
  
  
• Only the winnings earned from each bonus bet can be withdrawn, as the bonus itself is non-redeemable. Each bonus bet expires seven days from issuance.

Visit our unbiased BetMGM Sportsbook promo code review for further insight.

BetMGM iOS app

BetMGM promo pros and cons:

Clear terms

Provides wagering flexibility

$10 minimum deposit

Lower value than previous promos

Bonus bets must be used within seven days (168 hours)

Bonus bets cannot be withdrawn as cash

3. FanDuel Tennessee welcome promo

Bet $5, Win $100

New customers only. Deposit min. $5. Place your first $5 bet and receive $100 if your bet wins.

Available in Tennessee

Claim $100

FanDuel sits high on our list of the best Tennessee sportsbook bonuses thanks to its promise of $100 in bonus bets.

While you won't have to hunt for a FanDuel promo code, there are accompanying stipulations you’ll want to know how to navigate:

• To claim the offer, new users must complete the registration process via the FanDuel Sportsbook app, one of Tennessee's best betting apps.
  
  
• After a minimum deposit of at least $5, you must place a $5 wager on any sports market. You will receive $100 in bonus bets if your wager wins.
  
  
• You can use bonus funds on any sports betting market.
  
  
• FanDuel Tennessee will award your bonus bets within 72 hours of your initial bet settlement. This bonus amount is non-withdrawable and not included in payouts. The offer is valid until March 8, 2026.

The FanDuel Sportsbook app is available for iOS and Android devices. Learn more about its mobile betting feature and more through our FanDuel Sportsbook review.

FanDuel iOS app

FanDuel promo pros and cons:

Can use bonus across multiple future wagers

Easy to claim

$100 in bonus bets

Bonus funds cannot be withdrawn as cash

Can take up to 72 hours to receive bonus bets

4. Caesars Tennessee welcome promo

$250 Bet Match, Win or Lose

Code: COVERS250BM

Claim $250

Caesars Entertainment has been in the casino and sports gambling game for a long time. Their sportsbook, appropriately named Caesars Sportsbook, is currently offering '$250 Bet Match, Win or Lose’ first bet promotion. You can redeem this sign-up offer through the following Caesars Sportsbook promo code 'COVERS250BM'.

There are just a few things to know before you register for a new Caesars Sportsbook account:

• New users must provide some form of legal verification to confirm their identity when registering. 
  
  
• You must deposit at least $10 and wager $1 within 30 days of opening your account to qualify for this Caesars Sportsbook promo. 
  
  
• You'll receive up to $250 in bonus bets, win or lose.
  
  
• Use the bonus within 30 days, or it will expire. This Covers-verified Caesars Sportsbook promo is valid until March 18, 2026. 

Want more details? Find them in our thorough Caesars Sportsbook review.

Caesars Sportsbook iOS app

Caesars promo pros and cons:

Only need to wager $1 to qualify

Easy to redeem

30 days to use bonus

Bonus cannot be withdrawn as cash

You cannot spread bonus across multiple wagers

5. bet365 Tennessee welcome promo

Bet $5, Get $150 Win or Lose

Code: CVSBONUS

Claim $150

bet365 is the newest online sportsbook to hit the Tennessee sports betting scene, and to celebrate, the operator is presenting all new Volunteer State bettors a user-friendly welcome promo — Bet $5, Get $150 Win or Lose in bonus bets, win or lose. Here's what you need to know about this sports betting promotion:

• Enter the exclusive bet365 bonus code 'CVSBONUS' during sign-up. You must register on the bet365 app to qualify. 
  
  
• Make a minimum deposit of at least $10 following your account creation.
  
  
• Place a $5 bet on any market within 30 days of registering your account. 
  
  
• Bonus expires seven days from issuance. This promo is valid until March 17, 2026, at 6:59 a.m. ET. You can also choose a '$1,000 First Bet Safety Net' bonuses instead. 

bet365 iOS app

bet365 promo pros and cons:

Guaranteed $150 in bonus bets

Extremely low wagering requirement

Very friendly for new bettors

Still requires a $10 real-money deposit

Bet credits do not equate to winnings

Bets tied to events with odds of -500 or better

Latest Tennessee betting news

Most common Tennessee sign-up bonuses

The three most popular sign-up bonuses are second-chance bets, deposit matches, and no deposit bonuses. Sports betting operators use these and a wide range of other bonus types to attract new customers. You can learn all about the most common sportsbook sign-up bonuses via our guide.

Second chance bet

Sometimes called first bet offer, second-chance bets are a great way for sports bettors to wager with a reduced fear of losing. Should your first bet lose with this type of promotion in your pocket, the sportsbook will refund the amount wagered up to a predetermined number. Second-chance bets provide good opportunities for you to maximize your winnings by selecting wagers with longer odds.

Deposit match

A deposit match is when a sportsbook agrees to match a new user’s initial deposit with site credit. For example, if you sign up with a sportsbook and make an initial deposit of $500, you will receive $500 in site credit to bet with if the sportsbook’s welcome bonus is a deposit match. Keep in mind that the site credit is typically non-withdrawable and, as such, needs to be wagered before you can take out any funds. 

No deposit bonus

A no deposit bonus is when a sportsbook offers currency, often site credit, to be used on bets without requiring you to make an initial real money deposit. This is generally offered during significant events — like the Super Bowl or March Madness — which draw in more sports fans, meaning more casual bettors are likely to participate.

No deposit bonuses may also be offered by new sports betting sites launching in new markets. By gifting bettors a small courtesy bet with no strings attached, sportsbooks can acquire new customers for a relatively low cost.

What online sportsbooks can I use in Tennessee?

Editor's note (February 27, 2026): Betly Sportsbook will exit the Tennessee betting market shortly. Users can still wager and withdraw funds from their Betly TN account until Dec. 29, 2025. 

There are 13 legal online sports betting sites currently operating in Tennessee, of which the first three were: FanDuel, BetMGM, and DraftKings.

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