Now that sports betting in Tennessee is legal, sportsbooks are scrambling to sign up new customers. One of the best incentives to join is offering a free bet, matched bet, or sportsbook bonus.
Tennessee has joined other states such as New Jersey on offering legal online sports betting. We take a look at the best new customer free bet offers available in TN online and mobile, from the best sports betting apps & sites.
There are now several Tennessee sportsbooks offering a free bet or bonus when you join online or on mobile. The best ones are:
New sites such as Barstool Sports add more options for bettors in Tennessee. Also, keep your eyes peeled for any sportsbook promo code that appears for your favorite gambling site. Whether it be a FanDuel promo code or a bonus code for the Caesars sportsbook app, these codes give Tennessee bettors instant access to the welcome bonus. For example, if you have a bonus code for the Barstool sportsbook app, you can use it during the registration process and you will instantly receive a $1,000 risk-free bet as soon as the registration has been complete.
The Tennessee sports betting industry officially launched on Nov. 1, 2020, after it has been legal for more than a year. It took the Tennessee Education Lottery a long time to review and approve sports betting licenses, but there were four operators ready to launch on day one.
All of the sports betting in Tennessee must be done online at these operators, and that creates plenty of competition. One of the ways that these operators attempt to stand out is by offering bonuses or promotions to new customers.
There are at least four main types of bonus offers available in the state of Tennessee, and these all offer free bets of some sort. This guide will break down the free bets offered from each site and will also discuss all of the different free bet opportunities that are out there.
BetMGM is no stranger to the sports betting industry, and this operator wasted little time jumping on the opportunity to launch in Tennessee. BetMGM is a product of MGM Resorts International, which is a huge player in the gaming industry. Looking to bet on your smartphone? They have one of the most complete sportsbook app available and an easy-to-use betting site as well.
BetMGM is offering new customers a risk-free bet up to $500 in the state of Tennessee. This is a great free sports bet offer, and taking advantage of this bonus is a great way to get things started in the industry. They offer online sports wagering in several US states, not just TN so are a great sportsbook option.
This means that a customer can wager all of the money in their account with their first bet, and it will be refunded up to $500 in site credit. There really is no risk involved, and it could result in a huge payday as well.
DraftKings started out as a daily fantasy sports operator, but it has since evolved into one of the leaders in the sports betting industry. DraftKings has made a ton of progress since the US sports betting industry launched just two years ago and is one of the most popular sportsbook operators available. Offering mobile sports betting in a range of states, they have one of the best sportsbook bonus offers available. Add this to the competitive odds, live betting, and huge new player bonuses, your on to a winner.
DraftKings Sportsbook TN has the best welcome offer in the state as new customers are eligible for a bonus of up to $1,025. That’s right; you can earn more than $1,000 in bonus money just for giving DraftKings Sportsbook a try.
New customers will all receive a free $25 just for signing up at the site, and there is no deposit needed for that part of the welcome offer. After the initial free $25, customers are still eligible to receive two other offers worth up to $500 each.
DraftKings will match a new customer’s first deposit up to $500, and the site will also offer a $500 risk-free bet. The money can add up quickly at DraftKings Sportsbook for new customers. Claim online, or using the awesome DraftKings betting app.
Caesars Sportsbook is now live in Tennesee after buying and renaming the William Hill Sportsbook. If you have ever been to a Vegas sportsbook, you will have heard of William Hill. They are one of the biggest sports betting names in the US and are now available in Tennessee! Available online and on the excellent William Hill sportsbook app, they have an awesome new player bonus available. New customers at Caesars Tennessee can claim a $5,000 Risk-Free bet. The operator puts out great promos in the app and on the site. There are always some top offers for big events like the Super Bowl and March Madness with price boosts, special in-game bets, and free bet offers.
FanDuel is another company that started as a daily fantasy sports operator but has emerged in the sports betting industry. FanDuel Sportsbook Tennessee is another provider with a terrific welcome bonus that new customers will want to take advantage of.
FanDuel Sportsbook does not give out any free money to new customers, but a risk-free bet is part of the welcome offer. New customers can receive a risk-free bet up to $500 at the FanDuel Sportsbook TN site.
This operator also has a number of other promotions that it runs that will give customers a chance to earn more free bets. There is a reason that FanDuel Sportsbook is a leader in the sports betting industry. The sports betting app from the operator is one of the fastest and easiest to use on the market. The FanDuel sportsbook app offers one of the widest choices of sports to wager on, competitive odds, and access to some unique betting markets.
Outside of the three huge sportsbooks that launched on Nov. 1 in Tennessee, Tennessee Action 24/7 Sportsbook also launched their online sportsbook. This is a local sportsbook that is based out of Nashville, and this is the only state that will see this operator.
Action 24/7 Sportsbook is offering new customers a 100 percent first deposit match up to $100, which is a terrific offer for a small operator. This is much smaller than some of the other welcome bonuses, but it is still extremely competitive. They may not have the most popular sports betting site, but it is great to see a local company offering legal sports betting in the state.
Now that you know the top welcome bonuses and promotions offered by the four sportsbooks in Tennessee, it is time to explain some of these offers a little more. Even though all of these offers equal more cash in your sports betting account, they are all paid out a little bit differently. All of the Tennessee betting sites listed above are 100% legal and available to any legal sports bettor in the state.
Taking advantage of any welcome bonus is a good thing, but it’s important to know what type of bonus you are looking to receive. You don’t want to be too picky, but you need to know and understand what you are signing up for when choosing an operator. You can use the sportsbook deposit bonus on a range of sports and events including the Super Bowl, March Madness, the World Cup, and a huge range of sports.
One of the most common types of bonuses offered in the sports betting industry is what is known as a deposit bonus. This does not unlock until you make your first deposit, and operators will match your first deposit up to a specified dollar amount.
Some operators such as Action 24/7 Network will offer a 100 percent first deposit match, while other operators will only offer a percentage match. Receiving any deposit bonus is good, but some offers are better than others.
Another common type of bonus offer is what is called a risk-free bet. This has started to become the most popular bonus offer in the industry, and it is offered by the operators in Tennessee as well.
This offer applies to the first bet that you make at a sportsbook, and your bet will be refunded if you happen to lose with that first wager. Sportsbooks will set a limit when offering a risk-free bet, but customers are able to bet all the way up to that amount.
A money-back bet is similar to a risk-free bet, but there are some differences as well. With a money-back bet, you are eligible to receive some money back in site credit if a certain part of your bet loses.
For example, FanDuel offers parlay insurance, and it will refund bets if all but one of your legs hit. This is usually a much smaller dollar amount than the risk-free bet offer.
A match bet offer used to be extremely popular, but it is not a bonus offer that you will see very much anymore. With this bonus offer, sportsbooks will match your first bet in site credits whether you win or lose.
This is actually a better offer than the risk-free bet because you are eligible to receive this bonus even if you win your first wager.
All the offers are available to claim online, or using one of the TN sportsbook apps that are now legal and available in the Volunteer State. Check back regularly as we are always adding to our guide on the latest free bet offers available in Tennessee.
Naturally, operators are not in the business of giving out lots of free money for nothing. Players are typically required to wager the amount of the bonus a specific number of times so the it can become eligible to be withdrawn. Consequently, customers must make a minimum amount of wagers before claiming the money. This is what is known as a wager requirement.
Generally, the bonuses given out by sportsbooks are different than ones you would find at an online casino. Online sportsbooks prefer offers such as no deposit cash awards, free bets and risk-free bets. Casinos usually prefer deposit match bonuses.
The good news is, if you prefer betting on sport over playing at an online casino, these types of offers usually come with a low wagering requirement, like a 1X play-through. For example, if you got a $300 bonus credit from a risk-free wager at a TN sports betting site, you would need to put in $300 worth (1x) of action to be able to withdraw the bonus money.