If you are looking to wager with one of the new legal TN Sportsbooks, then using PayPal as a banking method is one of the fastest and safest ways to make deposits and withdrawals.
The best betting sites in TN allow PayPal deposit and PayPal withdrawals. Each PayPal betting site on this page offers a wide range of payment methods such as a credit card, debit card, play card (Prepaid Card) and online transfers that go directly to your bank account. However, this page explains why PayPal betting deposits are the best payment method when it comes to gambling transactions.
As a sport bettor, you want all sports betting sites to offer fast, reliable payouts. The PayPal sports betting sites below offer all of that and more including an excellent user experience, competitive betting odds, generous bonuses and fantastic customer service.
This guide will tell you all you need to know about using PayPal with TN sportsbooks and sports betting apps. We will explain how to bet using PayPal once you have created your online sports betting account, why you should choose PayPal sports betting sites and the benefits of choosing PayPal as a deposit option.
TN Sportsbooks accepting PayPal
Up To $1,500 in Bonus Bets
- Amazing choice of sports
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Claim A New Player $1,000 Free Bet
- Huge welcome bonus
- Amazing sports betting markets
No Sweat First Bet Up To $1,000
- User friendly app & site
- Bet on all your favorite sports
Bet $100 & Get $100 In Bets
- Live sports
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Get A $1,000 Bonus Bet
- Massive new customer free bet
- Simple and easy to use
If you want to use PayPal as your banking method, then these are the TN sportsbooks and betting sites that accept PayPal:
- BetMGM sports
- DraftKings Sportsbook
- Caesars Sportsbook
- FanDuel Sportsbook
- WynnBET Sportsbook
- TwinSpires Sportsbook
Tennessee sports betting apps officially launched on Nov. 1, and the industry is mobile-only in Tennessee. There were just four Tennessee sportsbooks ready to go on opening day, and that remained the case for the entire first month.
PayPal plays a large role in the sports betting industry in the United States, and Tennessee is no exception. Other banking options are available in the state, but PayPal is the preferred option for sportsbooks and sports bettors.
Mobile betting on horse racing in Tennessee is another industry that is legal, and PayPal is a banking option used on that platform as well. If you are planning to bet on sports in Tennessee, then finding sportsbooks that accept PayPal is the only way to go. PayPal betting sites offer instant deposits and withdrawals and multiple betting options. Once you have created your sports betting account, you can select PayPal deposits as your preferred choice and you are ready to go.
BetMGM Sportsbook
BetMGM is the sportsbook arm of MGM Resorts International, which is one of the biggest gambling companies in the United States. BetMGM sportsbook has a presence in several states throughout the country, but it is looking to make a big splash in Tennessee.
BetMGM offers a nice welcome bonus for new customers, and PayPal is an acceptable payment option at the site. The welcome bonus and the use of PayPal immediately make BetMGM a great sports betting option in Tennessee. BetMGM is an excellent PayPal betting site.
Up To $1,500 in Bonus Bets
- Amazing choice of sports
- Fast payouts
DraftKings Sportsbook
DraftKings Sportsbook has a welcome bonus offer of up to $1,025 for new customers, which is one of the best in the industry. DraftKings was originally known for daily fantasy sports, but it has quickly grown into a leader in the sports betting industry.
DraftKings offers PayPal as an acceptable banking option, and it is one of the preferred options at the site. This sports betting site should become one of the leaders in the Tennessee sports betting industry, and using PayPal will make the banking process simple and quick.
Claim A New Player $1,000 Free Bet
- Huge welcome bonus
- Amazing sports betting markets
Caesars Sportsbook
The latest sportsbook to go live in Tennessee, Caesars Sportsbook, also accepts deposits and withdrawals by PayPal. All new players can get a $1,250 bet on Caesar when they join and deposit at the book. Using PayPal with Caesars is fast and convenient as well as being a secure way to deposit to your betting account.
$1,000 First Bet on Caesars
- Promo Code: GUSAFULL
- Amazing mobile app
- Trusted name
FanDuel Sportsbook
FanDuel Sportsbook is currently offering new customers a no sweat first bet up to $1,000 when signing up for the site, and PayPal is one way to make an initial deposit at the site. FanDuel is another site that was originally a daily fantasy sports operator but has become a major player in the sports betting industry.
There are other banking options offered at FanDuel Sportsbook, but PayPal remains the best option to use.
No Sweat First Bet Up To $1,000
- User friendly app & site
- Bet on all your favorite sports
Tennessee Action 24/7 Network
Action 24/7 Network is a local sportsbook, but it was available from day one in the state of Tennessee. This sportsbook might not have the credibility or popularity of some of the other sportsbooks in the state, but it is still a great Tennessee sports betting option.
Even though 24/7 Action Network is much smaller than some of the other sportsbooks in the state, PayPal is an accepted banking option at this sportsbook. Other banking options are offered as well, but the process goes much smoother when using PayPal to make deposit and withdrawal transactions.
TwinSpires Sportsbook
Among the PayPal sportsbooks in Tennessee is the TwinSpires betting site. The TwinSpires online sportsbooks is owned by Churchill Downs, who run the Kentucky Derby. It began life as an online racebook, and has since delved into the online sports betting and and online casino gaming industries. Anybody with a PayPal account can access this online gambling site and use PayPal for deposits.
Other Operators Coming
The Tennessee Education Lottery has received several other sports betting licenses, and a few have already been approved. Next year should see the launch of a handful of new sports betting operators, and PayPal will be an available banking method at almost all of the sites. Expect to see more online sports gambling sites and PayPal gambling sites in Tennessee soon.
Be sure to check out the cashier before making any banking transaction to see if PayPal is accepted by the operator.
About PayPal
PayPal was first launched in 1998, and it is now one of the most well-known and trusted e-wallet options on the internet. PayPal works as a third-party online money transfer program, and it is one of the preferred banking options for sportsbooks.
PayPal is a very easy program to use, and it allows sports bettors to send money back and forth quickly. PayPal is a safe and secure site, and there is never any worry about any money being lost or account information being stolen.
With more than 20 years as a third-party banking option, PayPal has emerged as a leader in this industry. Even though there are other e-wallet options available in the industry, using PayPal continues to be the preferred option chosen by online betting sites and sports bettors.
Reasons For Choosing PayPal
There are several reasons for choosing PayPal, but speed is the most important. The processes are extremely fast when using PayPal, and the money can be transferred in minutes.
Using PayPal with a TN sportsbook is also very safe. As your card details are stored and encrypted by PayPal, you don’t need to put in any card details when making deposits or withdrawals on the operator’s site or mobile app.
Another benefit of using PayPal for gambling is it is widely accepted for online betting. Making a PayPal transaction is extremely common in a lot of sectors and the e-wallet is widely accepted at most online sportsbooks. PayPal can be used at service providers and online retailers, so it is helpful to be a regular PayPal user with an active PayPal account. Lots of bettors like to have several accounts with different betting sites, which means they can claim numerous bonuses and look at the best odds for each game. You can use PayPal for an online betting site and then check how much profit you have made by logging in to your PayPal account which means you have a good degree of control over your betting activity.
PayPal is also a mobile friendly option. You can make instant deposits via the PayPal app which saves you having to enter card details which you would if you chose an online bank transfer or credit card deposit option. Using the PayPal app means you can quickly start betting on the NFL and NBA or other popular sports leagues.
A PayPal credit card is now also available. Users can earn 2% cashback on PayPal MasterCard cards or earn points on any purchases made with a PayPal Extras MasterCard.