Tennessee Sports Betting Bonuses: $5,100+ in Promos in May 2026

Tennessee sportsbook promos summary

1. Fanatics Sportsbook Tennessee welcome promo

10 X $100 Bet Match in FanCash

New customers only. Deposit min. $5. Daily bonus issued within 72 hours. Terms & Conditions apply

Available in Tennessee

Claim $1,000

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 $1 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 ten days using the platform, allowing you to unlock up to $1,000 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. 

Read our Fanatics Sportsbook review to learn more. 

Fanatics Sportsbook iOS app

Fanatics Sportsbook promo pros and cons:

Instant 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 + $50 BetMGM Rewards Points

Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (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.

COVERS50

Claim $1,550

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 + $50 BetMGM Rewards Points' when inputting the BetMGM bonus code 'COVERS50' 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. Regardless of the outcome, you'll get $50 in BetMGM Reward Points instantly.
  
  
• 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 $150

New customers only. Deposit min. $5. Place your first $5 bet and receive $150 in bonus bets if it wins.

Available in Tennessee

Claim $150

FanDuel sits high on our list of the best Tennessee sportsbook bonuses thanks to its promise of $150 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.

• You must make a first-time minimum deposit of at least $5 and a $5 wager on any market to be eligible. 

• If your first wager wins, FanDuel Sportsbook provides $150 in bonus bets. 

• FanDuel Sportsbook Arizona deposits the bonus bets into your account within 72 hours of bet placement.

• You can use bonus funds on any sports betting market, and they can be split into multiple wagers.

• The entirety of the bonus funds must be used within seven days (168 hours), or it will expire. This FanDuel Sportsbook promotion is valid until June 3, 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

$150 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

Bet $1, Get (10) 100% Profit Boosts

Code: COVERSBONUSDYW

Claim Now

Caesars Entertainment has been in the casino and sports gambling game for a long time. Their sportsbook, appropriately named Caesars Sportsbook, is currently offering 'Bet $1, Get (10) 100% Profit Boosts’ new user promotion. You can redeem this sign-up offer through the following Caesars Sportsbook promo code 'COVERSBONUSDYW'.

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 10 100% profit boosts. Each boost has a maximum bet of $25 and has a total value of $2,500.
  
  
• Use the boosts within 14 days, or they will expire. This Covers-verified Caesars Sportsbook promo is valid until Aug. 18, 2026. 

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

Caesars promo pros and cons:

Only need to wager $1 to qualify

Easy to redeem

14 days to use boosts

Difficult to extract full value

You cannot spread boosts across multiple wagers

5. bet365 Tennessee welcome promo

Bet $10, Get $200 Win or Lose

Code: CVSBONUS

Claim $200

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 $10, Get $200 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 $10 bet on any market within 30 days of registering your account. 
  
  
• Bonus expires seven days from issuance. This promo is valid until June 1, 2026, at 6:59 a.m. ET. You can also choose a '$1,000 First Bet Safety Net' bonuses instead. 

bet365 promo pros and cons:

Guaranteed $200 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.

What online sportsbooks can I use in Tennessee?

Editor's note (May 13, 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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