An overview of betting promos in Tennessee
You're probably aware of this: betting promos are special offers that sportsbooks use to incentivize their customer base. The first type of sportsbook promo that you're likely to come across is the welcome offer. No surprises there.
There are currently 12 active Tennessee sportsbooks, and all of them are fighting it out for your custom. One of the main ways that they try to win you over is through their welcome promo, which can come in many different shapes and sizes.
For example, at BetMGM, you can get up to $1,500 in Bonus Bets if your first wager loses. FanDuel and DraftKings have taken the opposite approach, as you can get up to $200 in Bonus Bets if your first $5 wager is a winner.
At bet365, on the other hand, you get $150 in Bonus Bets just for placing your first $5 wager. It doesn't matter if it wins or loses.
The most unique signup promo in the Volunteer States, however, is the one at Caesars Sportsbook. Here, you can double your profits on your next 20 bets if you place an initial wager of just $1.
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Bet $5 & Get $150 in Bonus Bets Win or Lose
Up to $250 Bonus Bet
TN betting promos - The pros and cons
Although there are a couple of restrictions on college sports betting props and in-play bets, Tennessee has fairly liberal online sports betting rules overall. Thankfully, there are no massive reactions or special rules about sportsbook promos for me to warn you about here.
Nevertheless, here's a roundup of the main pros and cons of using sportsbook promos in the Volunteer State:
- Diverse selection of promos to choose from
- 12 welcome promos available
- Reasonable bonus T&Cs overall
- Loyalty rewards and existing player promos
- Bonus Bets are usually non-cashable
The five best sportsbook promos in Tennessee
As I said at the top of the article, all 12 TN sportsbooks have a welcome promo available to you, but some are better than others. To save you the time and hassle of sifting through each one, here are my top five options:
| 🏈 Tennessee Sportsbook | 🏆Sign-up promo | 🎁 Promo code | 💲 Minimum deposit |
| BetMGM | Up to $1,500 back in Bonus Bets if your first bet loses | Not required | $10 |
| Caesars Sportsbook | Bet $1 and get 20 x 100% Profit Boost Tokens | Not required | $5 |
| DraftKings | Bet $5 and get $200 in Bonus Bets if your first wager wins | Not required | $5 |
| DraftKings | Bet $5 and get $150 in Bonus Bets if your first wager wins | Not required | $5 |
| bet365 | Bet $5 and get $150 in Bonus Bets | Not required | $10 |
BetMGM - No-sweat first bet up to $1,500
- Coverage for more than 25 sports
- Features a parlay builder and cashout
- Multiple payment methods
- Mobile applications for Android and iOS
- Delayed responses via email
- Review of withdrawal requests can take up to 5 days
The hard truth of sports wagering is that you're going to lose as much, if not more, than you win, even as an expert. However, as a new Tennessee customer at the BetMGM online sportsbook, you can get a second bite of the cherry.
If your first bet loses, you'll receive its value like-for-like in Bonus Bets, up to a maximum value of $1,500. For example, if you were to put down $100 on the Titans to win on the moneyline and they lost, you'd get $100 in Bonus Bets. On the other hand, if they surprised us all and actually won, you'd get your cash winnings, but no Bonus Bets.
The rewards at BetMGM don't stop there, as there are great rolling promos for existing users. The site is especially good for SGP boosts and early payout specials for the major leagues, including the NFL, NBA, and MLB. Moreover, as a BetMGM customer in TN, you automatically become a part of the MGM Rewards program.
BetMGM promo T&Cs
- Minimum deposit: $10
- Minimum qualifying bet: $10
- Maximum bonus: $1,500
- Bonus Bet expiry time: 7 days
- Bonus Bets are cashable: No
- Wagering requirements: None
Caesars Sportsbook: Bet $1 and double your profits on your next 20 wagers
- Generous welcome offers
- Wide range of markets
- Live chat support
- No esports available
If you have a reasonably sized bankroll and are a fairly frequent bettor, the unique welcome promo at Caesars will definitely interest you. If you sign up and place a first bet of just $1, you'll get 20 x 100% Profit Boost Tokens.
This means that you can double your profits on your next 20 wagers if they win. So if you're looking to get your bankroll off to a good start with a decent P/L record, this is a promo that's worth cashing in on.
You have to use your Profit Boost Tokens within 14 days, so make sure that this matches up with your regular betting habits. If you don't regularly place around 10 cash wagers a week as standard, a one-off welcome offer like the BetMGM no-sweat bet might be better suited to you.
Caesars Sportsbook promo T&Cs
- Minimum deposit: $10
- Minimum qualifying bet: $1
- Maximum bet with Profit Boost Token: $25
- Maximum win cap with Profit Boost Token: $2,500
- Profit Boost Token expiry time: 14 days
DraftKings - Bet $5 and get $200 in Bonus Bets
- Great mobile apps
- Supports live streaming
- Withdrawal takes 1 to 3 days
- Subpar customer service
Not only is DraftKings one of the biggest names in TN sports betting, but it also has one of the largest signup promos. With a first bet of $5 or more, you will get $200 in Bonus Bets if your first bet wins. The offer is credited as 8 x $25 Bonus Bet tokens, each of which lasts for seven days.
Note that your $5 wager has to win for you to get your $200 in Bonus Bets, so don't worry about the EV of your bet here. Just go for low odds, so you have a high probability of winning. The minimum odds limit is -500, so if you can find a bet around that mark, you have an 83.3% implied win probability.
For existing players, DraftKings rolls out a lot of regular promos, often for specific games. Each time the Grizzlies, Titans, or Predators have a game coming up, make sure to check in for SGP boosts and early payout specials.
DraftKings promo T&Cs
- Minimum deposit: $5
- Minimum qualifying bet: $5
- Maximum odds: -500
- Bonus Bet expiry time: 7 days
- Bonus Bets are cashable: No
- Wagering requirements: None
FanDuel - Bet $5 and get $150 in Bonus Bets
- Best in class usability
- Available in 25+ states
- Competitive odds and coverage
- Top tier brand rep
- No sportsbook VIP program
FanDuel gives you $150 in Bonus Bets if your first $5 wager wins. While this is $50 short of what its rival DraftKings is offering in Tennessee, there is no minimum odds limit for your $5 qualifying bet. You can therefore find the shortest odds market possible and back that to significantly boost your chances of securing your Bonus Bets.
When it comes to existing player promos, FanDuel is great for profit boosts, particularly for same-game parlays (SGPs). I've often been able to grab Profit Boost Tokens of up to 30% for the NFL, NBA, and college football, among other sports.
If you're a popular person and know plenty of other Tennessee sports fans, you might want to take advantage of the refer-a-friend bonus. You can get $50 per successful referral and can refer up to five friends every 30 days.
FanDuel promo T&Cs
- Minimum deposit: $5
- Minimum qualifying bet: $5
- Bonus Bet expiry time: 7 days
- Bonus Bets are cashable: No
- Wagering requirements: None
bet365 - bet $5 and get $150 in Bonus Bets (win or lose)
- Fast, reliable mobile app performance
- Quick deposits and fast withdrawals
- 24/7 live chat customer support
- Unavailable in some US states
- Phone support hours not 24/7
The biggest selling point of the bet365 signup promo is that you can get $150 in Bonus Bets if your $5 bet wins or loses. Just place a $5 first bet on any sports market at odds of -500 or longer, and boom, you qualify.
With bet365 being a UK-based brand, it's probably the best Tennessee sportsbook for promos that you can use on overseas sports. SGP profit boosts of between 2.5 and 100% are common for European soccer, cricket, rugby, and more.
That being said, I wouldn't be put off by this site if you consider yourself to be an all-American sports fan. This sportsbook offers great odds and a varied market selection of US professional and college sports.
bet365 promo T&Cs
- Minimum deposit: $10
- Minimum qualifying bet: $5
- Maximum odds: -500
- Bonus Bet expiry time: 7 days
- Bonus Bets are cashable: No
- Wagering requirements: None
Sportsbook bonuses in Tennessee - Summary and conclusion
To finish with a roundup, there are 12 sportsbook welcome promos that you can claim as a new customer in Tennessee. However, as I've explained above, the promos at BetMGM, Caesars, DraftKings, FanDuel, and Bet365 beat the other seven.
At BetMGM, you can get your first bet stake back in Bonus Bets up to $1,500 if you make a false start and lose. At Caesars Sportsbook, you can get 20 x 100% profit boosts, which is ideal to cap on your P/L record in the early stages.
DraftKings and FanDuel have similar offers, getting you up to $200 in Bonus Bets if your first bet wins. And last but not least, at bet365 TN, you can grab $150 in Bonus Bets with a $5 first wager, regardless of whether it wins or loses.
Have you already decided which one is right for you? Follow one of the promo banners on this page to sign up and claim your Bonus Bets today!
Get off to a great start in February with these betting bonuses
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Bet $5 & Get $150 in Bonus Bets Win or Lose
Up to $250 Bonus Bet
Bet $5 Get $100 in Bonus Bets If Your Bet Wins!
New Customers: Bet $5+ and get $300 in Bonus Bets if it wins!
Tennessee betting promos FAQ
What sportsbooks have the best promos in Tennessee?
All 12 of the legal TN sportsbooks have decent signup promos, but there are a few that stand out. In particular, I recommend the offers at BetMGM, Caesars, DraftKings, FanDuel, and bet365.
Which TN betting sites have the highest welcome promo?
At BetMGM, you can get up to $1,500 in Bonus Bets if your first wager loses, which is the highest maximum bonus. However, at DraftKings, you can get $200 in Bonus Bets with a $5 qualifying wager, which actually gives you more value.
How do I get $150 in Bonus Bets at FanDuel in Tennessee?
To start, you must create your FanDuel TN account, then deposit and wager $5 on any sports market. If that $5 bet wins, you'll be given $150 in Bonus Bets.