Best Tennessee Sports Betting Bonuses and Promo Codes for February 2023
There are some excellent sportsbooks available across the Tennessee sports betting landscape that are offering welcome bonuses to new users. Claiming your welcome bonus has never been easier, either — some of the best Tennessee betting bonuses around can be found on the following four best sports betting sites: Caesars Sportsbook, FanDuel, BetMGM, and WynnBET.
Top-four Tennessee sports betting bonuses
#1 Top-rated sportsbook
BetSmart™ Rating: 4.7/5- Generous welcome bonus
- Offers same-game parlays
- Ample betting options
Payout Speed:Deposits & withdrawals
BetSmart™ Rating: 4.7/5- Competitive pricing
- Offers same-game parlays
- Exclusive live streaming
Deposits & withdrawals
BetSmart™ Rating: 4.4/5- User-friendly mobile app
- Good deposit options
- Offers same-game parlays
Deposits & withdrawals
BetSmart™ Rating: 4.1/5- Secure banking options
- User-friendly mobile interface
- Live betting and early cash out
Deposits & withdrawals
Quick facts: Tennessee promo codes
| Online launch date | Jan. 21, 2021 |
| Number of betting sites | 11 |
| Best bonus | Caesars |
| Online betting | Yes âś… |
| Retail betting | No ❌ |
| Betting on college sports | Yes âś… |
| Remote registration | Yes âś… |
| Online casinos | No ❌ |
| Legal betting age | 21 |
1. Caesars Tennessee welcome offer
Up to $1,250 on Caesars
Promo code: COVERSBONUSFULL
Caesars Entertainment has been in the casino and sports gambling game for a long time. Their sportsbook, appropriately named Caesars Sportsbook, is currently offering an ‘Up to $1,250 on Caesars’ first bet promotion, along with 1,000 Caesars Rewards® Tier Credits and 1,000 Caesars Rewards Reward Credits. You can redeem this sign-up offer through the following Caesars Sportsbook promo code — COVERSBONUSFULL.
There are just a few things to know before you register for a new account:
- New users must provide some form of legal verification to confirm their identity when registering.
- You must deposit and wager at least $10 to qualify for this promo. Deposit and wager the maximum $1,250 for the best value.
- The bet credit amount will always match the amount of your first real money wager, with a limit of $1,250. For example, if you were to deposit $1,600 and made a real money wager of that amount, you would only receive $1,250 in bet credit if the bet lost.
- Caesars will release Tier Credits and Reward Credits to your Caesars Rewards account within seven (7) days of your first wager settling as a win, loss, or push.
Want more details? Find them in our thorough Caesars Sportsbook review.
Caesars promo pros and cons:
Bet credit cannot be withdrawn as cashBet credit must be used on one wagerWhat does an 'Up to $1,250 on Caesars' promo mean for you?
Caesars’ promo code welcome offer is a great entry point to the sportsbook for both new and experienced bettors. If the first wager made loses, Caesars will provide the opportunity for a second crack at winning big via bet credit of up to $1,250.
Tier Credits and Reward Credits are great additions to the welcome bonus, especially if you regularly visit a Caesars Rewards resort or casino. The higher the tier, the more impressive the rewards. You can redeem Reward Credits for slot and table play, hotel stays, dining, shopping, and much more.
How much can you earn with a $1,250 bet credit?
The Caesars sign-up bonus has the potential to be the most lucrative offer in the state, depending on how much money you initially put down. Due to there being no odds requirements for this promo, you can wager on any market of your choosing. For example, if you bet on the Tennessee Titans at odds of -600 using the maximum $1,250 amount, you would take home $208.33 in winnings should your bet prove successful.
Why is this bonus better than the others?
More than any other reason, Caesars' sign-up bonus earns its place among the best Tennessee betting bonuses thanks to its high maximum amount of $1,250.
2. FanDuel Tennessee welcome offer
$3,000 No Sweat First Bet
No code required
FanDuel boasts one of the best sports betting apps in the U.S. — and is one of the top sportsbooks in Tennessee. New users can now claim a generous sign-up bonus without the use of a FanDuel promo code: a $3,000 no sweat first bet.
Here are a few things to consider while claiming your FanDuel welcome bonus:
- New users must provide some form of legal verification to confirm their identity when registering.
- An initial deposit of at least $10 is required upon creating your account.
- Place a wager on any sports market.
- FanDuel TN will credit your account the equal value of your wager, up to $3,000, should your bet lose.
- Remember: Bonus bets are not transferable and cannot be withdrawn as cash. The promotion ends at 11:59 p.m. ET on Feb. 12, 2023.
Find out more about FanDuel TN via our detailed FanDuel review.
FanDuel promo pros and cons:
Bonus bets cannot be withdrawn as cashIt may take up to 72 hours to receive bonus betsWhat does FanDuel's "$3,000 no sweat first bet" promotion mean for you?
FanDuel gives new Tennessee bettors a great boost to their bankroll off of a $10 deposit. If the initial wager settles as a loss, FanDuel will issue equal value, up to $3,000 in bonus bets.
How much money can you earn with $3,000 in bonus bets?
We advise wagering on an underdog to improve your chances of scoring a larger payday. Luckily for bettors, there are no odds restrictions attached to this welcome bonus from FanDuel. That means you can select any market you like to make your wager.
Why is this FanDuel Sportsbook bonus better than the others?
This is the largest amount FanDuel has every offered in one promotion. Being able to break the bonus bets into multiple wagers is an added perk.
3. BetMGM Tennessee welcome offer
$1,000 back in bonus bets
No code required
BetMGM is another massive player in the casino and sportsbook industries. New users residing in Tennessee are eligible to claim up to $1,000 paid back in bonus bets as a welcome bonus — no BetMGM promo code needed. 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.
- A minimum initial deposit of at least $10 is mandatory following sign-up.
- Once $10 or more has been deposited, place your first real money wager.
- If that wager loses, you will receive bonus bets equal to the amount of the real money bet you just placed.
- For example, if you deposited $350 and then placed a $350 real money wager (that ends up losing), you would get back $350 in non-withdrawable bonus bets.
- The bonus bet amount will always match the amount of your first real money wager, with a limit of $1,000. For example, if you were to deposit $1,450 and made a real money wager of that amount, you would only receive $1,000 in bonus bets if the bet lost.
Visit our unbiased BetMGM review for further insight.
BetMGM promo pros and cons:
Promotion null and void if bettor wins first wagerBonus bets must be used within seven daysBonus bets cannot be withdrawn as cashWhat does $1,000 paid back in bonus bets from BetMGM mean for you?
The $1,000 paid back in bonus bets offer from BetMGM Tennessee allows bettors the chance to maximize their potential winnings on their first wager. Should you lose that bet, BetMGM will reimburse the entire stake up to $1,000. And if you win? You'll make a substantial profit.
How much money can you earn with $1,000 in bonus bets?
If you opt to bet the maximum $1,000 amount with your first BetMGM wager, then pick an underdog to increase your opportunity at a massive payout. Of course, the amount you can win will depend on how steep of an underdog you choose. Given two chances to come out victorious, there’s wiggle room attached to your initial wager.
Why is this bonus better than the others?
Not only does BetMGM return your initial stake up to $1,000, it provides your reward in five equal installments of $50. That means TN bettors can make five separate wagers with their bonus bets rather than being forced to use it all at once.
4. WynnBET Tennessee welcome offer
Bet $100, win $100
No code required
WynnBET, owned and operated by WSI US LLC, is relatively new in the world of sportsbooks. First-time customers in Tennessee are eligible to claim a unique sign-up bonus offer – bet $100, win $100. Before claiming your WynnBET sign-up bonus, there are a few things worth knowing:
- New users must provide some form of legal verification to confirm their identity when registering, but won't need a WynnBET promo code.
- A minimum initial deposit of at least $100 is mandatory following sign-up to redeem this offer.
- Once $100 or more has been deposited, place your first wager of at least $100 on a market with odds of -120 or greater.
- It doesn’t matter if your first real money wager wins, loses, or ties. You will receive a $100 free bet.
- The $100 free bet will be distributed in one installments and released within 24 hours.
Read our WynnBET review for more expert analysis.
WynnBET promo pros and cons:
New users onlyOdds restrictions on qualifying wager and free betsFree bet must be used within 10 daysWhat does winning a $100 free bet from WynnBET mean for you?
As with FanDuel's welcome offer, WynnBET’s sign-up bonus is guaranteed currency. New customers can make a qualifying $100 wager after depositing the same amount to instantly receive a $100 free bet.
How much money can you earn with a $100 free bet from WynnBET?
Keep in mind that WynnBET's free bet has an attached odds requirement of -150 or longer. This means you cannot wager on heavy favorites (ex. -250, -300, etc.). If you decide to back a favorite at -50, your $100 free bet could net you $66.67.
Going with an underdog at plus money will give you a shot at more withdrawable cash. For example, if you use your $100 free bet on odds of +250, you could take home $250.
Why is this bonus better than the others?
Another welcome bonus that's ideal for bettors gambling casually, the $100 free bet is guaranteed so long as you make a $100 initial wager. There are few offers in Tennessee that are as easy to garner.
Latest Tennessee betting news
Most common Tennessee sign-up bonuses
The three most popular sign-up bonuses are risk-free bets, deposit matches, and no deposit bonuses. Operators use these and other bonus types to attract new customers. You can learn all about the most common sportsbook sign-up bonuses via our guide.
Risk-free bet
Risk-free bets, sometimes called first bet insurance, are a great way for bettors to wager with a reduced fear of losing. Should your first bet flop with this type of promotion in your pocket, the sportsbook will refund the amount wagered up to a predetermined number. Risk-free 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 free 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 since more casual sports betters 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 free bet with no strings attached, sportsbooks can acquire new customers for a relatively low cost.
What online sportsbooks can I use in Tennessee?
There are 10 legal online sports betting sites currently operating in Tennessee. Three of those sportsbooks went live in the Volunteer State on Nov. 1, 2020, to kick off legal online wagering: FanDuel, BetMGM, and DraftKings.
| Online sportsbook | Mobile app | Odds provider | Online casino |
|---|---|---|---|
Action 24/7  |
Yes | Action 24/7 | No |
| Bally Bet (coming soon) |
Yes | Bet.Works | No |
| Barstool |
Yes | Kambi | No |
| Betly |
Yes | IGT | No |
| BetMGM |
Yes | BetMGM | No |
| Caesars |
Yes | Caesars | No |
| DraftKings |
Yes | SBTech | No |
| FanDuel |
Yes | Flutter | No |
| Hard Rock |
Yes | GiG | No |
| SuperBook |
Yes | Stadium | No |
| WynnBET |
Yes | GAN | No |
| Wagr |
Yes | Wagr | No |
More TN betting resources
Tennessee sportsbook bonus FAQs
The top online sportsbooks available to those who live in Tennessee include FanDuel, Caesars Sportsbook, BetMGM, and WynnBET.
The best sportsbook bonus available in Tennessee is the Caesars Sportsbook promo code that grants you two chances to hit on your first bet of up to $1,250.
The Caesars TN sportsbook promo code is COVERSBONUSFULL. With this code, new Caesars Tennessee users can claim 1,000 Caesars Rewards® Tier Credits, 1,000 Caesars Rewards Reward Credits, and bet credit of up to $1,250.
You can claim as many sign-up bonuses as you wish, provided you only do so once with each sportsbook. Creating multiple accounts with the same sportsbook is illegal, and therefore so is claiming multiple sign-up bonuses with the same sportsbook.
Bonus abuse occurs when a single person makes multiple accounts with the same sportsbook to claim numerous sign-up bonuses. Each user is only allowed one account with each sportsbook and one sign-up bonus. Any instance of having more than one account with a sportsbook to obtain several sign-up bonuses can be characterized as bonus abuse.
You need to be at least 21 years old to bet on sports in Tennessee. You must also possess a valid U.S. social security number.
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Joshua Howe is a sports betting editor at Covers, helping make smarter sports bettors since 2021. The experienced writer and editor has reviewed over 20 sportsbooks and has been placing his own wagers for three years and counting. He prefers FanDuel for its sleek app design and variety of NBA markets.
