Sports Betting in Tennessee

Licensed Sportsbooks

State-licensed regulated sportsbooks. Operator tax rate: 1.85% of handle. Online betting legal since November 2020.

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

Prediction Markets

Federally regulated by the CFTC. Trade event contracts on an exchange model — separate from state-licensed sportsbooks. Contested: the Sixth Circuit reversed Kalshi's preliminary injunction against Tennessee on September 25, 2026, and state regulators sent new cease-and-desist letters on October 9. Kalshi has asked the full court to rehear the case.

Kalshi★ 4.9

CFTC-regulatedSports event contractsLive trading

Polymarket US★ 4.6

CFTC-regulatedFully collateralizedNo margin or leverage

Robinhood★ 4.7

Powered by Kalshi0% commissionSports contracts in most states

FanDuel Predicts★ 4.6

CFTC-regulatedAll 50 states + DCSports contracts in 17 states

DraftKings Predictions★ 4.6

CFTC-regulated48 states + DCSports contracts in 17 states

Crypto.com Event Contracts★ 4.5

CFTC-regulated10 major sportsUSD + crypto deposits

ProphetX★ 4.7

CFTC-regulatedPeer-to-peer sports exchangeSports-only contracts

Novig★ 4.8

CFTC-regulatedPeer-to-peer sports exchangeNo fee on pre-game trades

Sweepstakes Sportsbooks

Dual-currency social sportsbooks: play with free coins, or with a sweepstakes currency that can be redeemed for cash prizes where the operator's rules allow.

Legal Status

First state to legalize without physical casinos — online-only model. Monthly handle regularly tops $500M.

Online sports betting has been legal in Tennessee since November 2020.

Tax Information

1.85% privilege tax on handle (total amount wagered) since July 1, 2023 — the only state that taxes handle instead of revenue. It replaced the original 20% tax on adjusted gross income.

College Betting Restrictions

No college player props and no live in-game college props. Pre-game college 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