Tennessee Sportsbook Promo Codes, Bonus Offers, and New User Incentives
Let's be honest, every TN betting promo looks impressive when you see the headline splashed across an ad. The difference shows up once you dig into the details and see how the bonus actually works in real betting situations.
If you're looking into sports betting in Tennessee, most players do not have the time or desire to comb through lengthy terms and risk their own bankroll experimenting with different offers. That is exactly why I have done the legwork. I have tested and analyzed the major sportsbook promotions available in Tennessee to determine which ones genuinely provide value. In this guide, I explain why BetMGM, Caesars, DraftKings, FanDuel, and Fanatics consistently offer the strongest promos in the state.
The Best Tennessee Betting Bonuses in June
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
New Users – Get $350 in Bonus Bets Guaranteed - When You Bet $5 for 7 Days!
New DraftKings Customers: Bet $5+ Get $100 in Bonus Bets Instantly!
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 11 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 sportsbook welcome bonuses, 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 or $150 in Bonus Bets respectively if your first $5 wager is a winner. The most unique signup promo in the Volunteer State, however, is the one at Caesars Sportsbook, where 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
New Users – Get $350 in Bonus Bets Guaranteed - When You Bet $5 for 7 Days!
New DraftKings Customers: Bet $5+ Get $100 in Bonus Bets Instantly!
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 restrictions or special rules about sportsbook promo codes 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
- 11 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 11 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 |
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 Predictions, NBA Predictions, and MLB Predictions. 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 can use a Caesars Sportsbook promo code at registration to ensure you're activating the best available offer.
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. You can also use a DraftKings promo code at signup to lock in the best new-user offer.
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 Predictions, 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. You can also grab a FanDuel promo code at sign-up to make sure you're getting the top available offer.
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
Fanatics Sportsbook - Bet $50 per day for 10 days and earn up to $500 in Bonus Bets
Fanatics Sportsbook rounds out our top five with a welcome promo that rewards consistent early activity. Wager at least $50 per day across your first 10 days, and you'll earn 10% back in Bonus Bets each day — up to $500 total. It's a structured offer that suits bettors who plan to be active from day one, rather than relying on a single qualifying wager. Fanatics also stands out for its loyalty program, FanCash, which ties your sportsbook play to rewards you can use across the broader Fanatics merchandise ecosystem. For existing users, the site regularly runs odds boosts and props-focused promotions tied to the biggest upcoming games. Use a Fanatics Sportsbook promo code at sign-up to make sure you activate the full welcome offer.
Fanatics Sportsbook promo T&Cs
- Minimum deposit: $10
- Minimum qualifying bet per day: $50
- Maximum bonus: $500
- Bonus Bet expiry time: 7 days
- Bonus Bets are cashable: No
- Wagering requirements: None
Sportsbook bonuses in Tennessee - Summary
To finish with a roundup, there are 11 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 Fanatics Sportsbook beat the rest.
At BetMGM, you can get your first bet stake back in Bonus Bets up to $1,500 if you lose. At Caesars Sportsbook, you can get 20 x 100% profit boosts, which is ideal to build your P/L record in the early stages. DraftKings and FanDuel offer up to $200 and $150 in Bonus Bets respectively if your first bet wins. And at Fanatics, you can earn up to $500 in Bonus Bets by wagering $50 a day for 10 days. If you want to compare offers across the broader region, it's also worth checking out sports betting in Kentucky and sports betting in Indiana for neighboring-state context.
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 June with these betting bonuses
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
New Users – Get $350 in Bonus Bets Guaranteed - When You Bet $5 for 7 Days!
New DraftKings Customers: Bet $5+ Get $100 in Bonus Bets Instantly!
Tennessee betting promos FAQ
What sportsbooks have the best promos in Tennessee?
All 11 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 Fanatics Sportsbook.
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.