Sports Betting in Tennessee

Licensed Sportsbooks

State-licensed regulated sportsbooks. Operator tax rate: 20%. Online betting legal since November 2021.

DraftKings★ 4.9

Same-game parlaysDFS integration

Hard Rock Bet★ 4.9

Flash Drops rewardsTiered progression

FanDuel★ 4.8

Cash outLive in-play betting

BetMGM★ 4.8

Parlay builderCustom odds

Fanatics★ 4.8

FanCash rewardsFast signup

theScore★ 4.8

Integrated mediaStats-driven

Bet365★ 4.8

40+ sportsEarly payouts

Caesars★ 4.7

Caesars RewardsProfit boosts

Bally Bet★ 4.7

Unified walletCasino integration

Sporttrade★ 4.5

State-licensed exchangePeer-to-peer tradingLow fees

Betly★ 4.4

Tribal operatorHard-to-find markets

Prediction Markets

Federally regulated by the CFTC. Trade event contracts on an exchange model — separate from state-licensed sportsbooks. Federally protected: a federal preliminary injunction (February 2026) allows Kalshi to operate in Tennessee while litigation proceeds.

Kalshi★ 4.9

CFTC-regulatedSports event contractsLive trading

Polymarket US★ 4.6

CFTC-regulatedFully collateralizedNo margin or leverage

Robinhood★ 4.7

Powered by Kalshi0% commission50-state availability

FanDuel Predicts★ 4.6

CFTC-regulated50-state availabilitySports contracts in 18 states

DraftKings Predictions★ 4.6

CFTC-regulated38-state availabilitySports contracts in 17 states

Crypto.com Event Contracts★ 4.5

CFTC-regulated10 major sportsUSD + crypto deposits

Peer-to-Peer Sweepstakes Exchanges

Dual-currency model. Trade directly against other users instead of against a sportsbook.

Rebet★ 4.4

Social sportsbookDual-currencyMobile-first

Legal Status

First state to legalize without physical casinos — online-only model. October 2024 handle hit $548M, a state record.

Online sports betting has been legal in Tennessee since November 2021.

Tax Information

20% on adjusted gross revenue plus licensing fees.

College Betting Restrictions

No college player props. Game outcomes allowed.

How DawBets Helps Tennessee Bettors

DawBets compares odds across every sportsbook available in Tennessee in real time. Instead of checking each app individually, see all prices side-by-side and always place your bet at the best available line.

Frequently asked questions