Tennessee Sports Betting Promos: $6,250 in Bonuses for April 2025

All Tennessee sportsbook promo codes

Of Tennessee’s 12 online sportsbooks, only bet365, BetMGM, Caesars, and Action247 require a promo code. These four sportsbooks, as well as most of the other active operators in the state, boast sign-up offers valued at hundreds, if not thousands, of dollars. While Wagr allows users to join a referral program, the other nine sportsbook promos come in three types:

• Deposit match bonus
• First bet insurance
• Bonus bets

While each of these bonuses can add value to your bankroll, bettors must meet certain requirements before credits are applied to their accounts or before they can request a withdrawal. This is why it’s imperative to review each online sportsbook’s sign-up offer terms and conditions before creating a new account.

bet365 TN welcome offer 🟢

Tennessee players have another sportsbook to choose from, as bet365 launched in the Volunteer State in March 2025. New players in Tennessee can grab a bet $5, get $150 in bonus bets (win or lose) welcome offer by using the bet365 Tennessee bonus code SBR365.

1. Register at bet365 Tennessee and use our unique SBR365 promo code.
2. A $10 minimum deposit is required.
3. You can only claim the bet365 welcome bonus in the mobile app.
4. Place a qualifying bet of $5 or more to get $150 in Bonus Bets (min odds of -500 or greater).
5. The bonus bets can be used all at once or split into smaller chunks.
6. There is a seven-day expiration on bonus bets acquired.
7. Bonus bets cannot be redeemed for cash.

Alternatively, you can claim a different new player offer instead: a $1,000 First Bet Safety Net. With this offer, you get your money back (up to $1,000) should you qualifying first wager lose.

March Madness Super Boost 🏀

To celebrate launching in Tennessee, bet365 is offering all new players in the state a special Super Boost. You can bet on "Tennessee to win their first game in the March Madness tournament" and see the moneyline odds boosted up to +100. (Max. betting limits apply.)

Tennessee is a No. 2 seed and are up against No. 15 Wofford in the Opening Round. They are -4000 favorites to advance to the Round of 32, if you don't consider this special Super Boost. While upsets can (and do) happen in this tournament, these is still amazing value for TN bettors. 

Why this bet365 bonus is better than others

The best thing about bet365's welcome bonus is its simplicity. Unlike similar promos that require your initial bet to win, bet365 credits you with $150 in bonus bets no matter the outcome of your wager. 

I also appreciate that bet365 gives you a choice between two very good bonuses. If the guaranteed bonus bets don't interest you, you can go with the First Bet Safety Net instead and make a big initial wager without worrying about losing your stake.

BetMGM TN welcome offer 🦁

BetMGM Sportsbook’s efforts to woo new players to its Tennessee online sportsbooks and sports betting app involve a generous bonus bet welcome offer. Use our BetMGM bonus code SBRBONUS to claim this sign-up offer, which can protect your first bet up to $1,500.

1. A $10 minimum deposit is required.
2. A dollar-for-dollar bonus bet amount is guaranteed, up to $1,500.
3. First bet must lose for bonus bets to be released.
4. First bet losing wagers of $49 or less will be paid out in a single bonus bet.
5. First bet losing wagers of $50-or-more will be paid out in five 20% increments.
6. A $1,500 first bet loss would earn five (5) $300 bonus bets.
7. There is a seven-day expiration on bonus bets acquired.
8. Bonus bets cannot be redeemed for cash.
9. This offer expires on Sept. 1, 2025.

Why this BetMGM bonus is better than others

When it comes to first-bet offers, BetMGM leads the pack. Other sportsbooks offer similar terms, but no one matches BetMGM's maximum dollar value of $1,500. For experienced bettors or those with larger bankrolls, being able to make a large first bet, knowing you'll get a rebate if it loses, is extremely attractive. 

Even though my bankroll didn't support a $1,500 first wager, I found the BetMGM bonus simple to understand and claim. I made a $50 bet that the Titans would cover the spread, and they let me down (as expected). BetMGM quickly added five $10 bonus bets into my account, giving me multiple chances to win my money back. 

Caesars TN welcome offer 🏛

Caesars online sportsbook and sports betting app continues to be aggressive in their marketing approach to Tennessee’s new players. Their current welcome offer includes a Bet $1, Get Ten 100% Profit Boost Tokens. The Caesars Sportsbook promo code SBRBONUSDYW is required at the time of first deposit.

1. New users can sign up in TN using promo code SBRBONUSDYW.
2. Make your initial deposit of $10 or more.
3. Place a qualifying wager of $1 or more on any sports market.
4. Receive (10) 100% Profit Boost Tokens to use on any market.
5. The max wager for each rewarded Profit Boost is $25.
6. The max additional winnings for each Profit Boost is $2,500.
7. You must use the Profit Boosts within 14 days, or they will expire.

Why this Caesars bonus is better than others

The Caesars sign-up bonus is unique among the leading sportsbook operators. Instead of getting first bet protection or a fixed dollar-amount bonus, you get Profit Boost Tokens that can be used as you see fit. The main upside is that it greatly increases the ceiling on your potential winnings, as each Profit Boost can net up to $2,500 in winnings.

There are also no market or odds restrictions on your first bet. Add it to the valuable Caesars Rewards loyalty program attached to your new account, and it's a no-brainer to try out this bonus. 

FanDuel TN welcome offer 🔵

FanDuel’s app store ratings are among the best in the Tennessee market. So, in addition to an elite user experience on its sports betting app, new players can claim a welcome offer of $200 in bonus bets with any winning first wager of $5 or more. No FanDuel promo code is required.

1. Register and download the mobile app to make your first deposit of at least $5.
2. Place your initial $5 wager on any sports market.
3. If it wins, you'll win $200 in bonus bets.
4. You will receive the bonus bets within 72 hours of placing your qualifying wager.
5. The bonus bets must be used within seven days, or they will expire.

Why this FanDuel bonus is better than others

This FanDuel offer comes with one perk that truly makes it shine compared to others. The $200 in bonus bets are extremely flexible and can be used in any amount(s) you want. I loved being able to choose between making a $10 multi-leg longshot parlay or a safer $25 straight bet. And with $200 to play with, I was able to do plenty of both. 

Fanatics TN welcome offer 🧢

Fanatics Sportsbook only emerged after a major business deal between Fanatics (an online sports apparel company) and PointsBet (an Australian-based sportsbook). The result was a total rebranding of PointsBet's U.S. business assets, leading to Fanatics Sportsbook officially launching in late 2023.

Now, Fanatics is making a run at the more established industry brands, attempting to claw out some market share with a slick mobile app, competitive pricing, and a choice of two great welcome bonuses.

Grab the bet $30, get $300 in bonus bets deal OR ten daily $100 No Sweat Bets, for up to $1,000 in total bonuses. No Fanatics promo code is necessary for activation. 

The best offer is arguably the Bet & Get deal, giving new players $300 in bonus bets in exchange for three $10+ wagers. 

• Register a new account with Fanatics and choose the Bet $30, Get $300 welcome bonus.
• Deposit at least $30 into your account.
• Make a wager of $10 or more on Day One of having your account, with -500 odds or longer.
• Win or lose, get $100 in Bonus Bets in your account.
• Repeat on Day Two and Day Three for another $200 in Bonus Bets ($100 per day).
• Bonus bets cannot be withdrawn as cash and expire after seven days.

The daily $100 No Sweat Bets require a daily wager of $1 or more at -500 odds or longer. If your bet loses, Fanatics will return your stake as a bonus bet, up to $100 every day. 

Here are the details:

• Register a new account with Fanatics Sportsbook (mobile app only).
• Deposit at least $10 into your account.
• Make a daily qualifying bet of $1 or more, with minimum odds of -500 or longer.
• If your bet loses, Fanatics will refund the entire stake as a bonus bet, up to $100.
• Repeat this process for the first ten days after creating your account (10 x up to $100 per day).
• Opt-in required on every day except Day One.
• Bonus bets are only awarded if your daily qualifying wager loses.
• Missed days are forfeited, but you can still earn the bonus on any remaining days.
• Bonus bets cannot be withdrawn as cash and expire after seven days.

Why this Fanatics bonus is better than others

Simply put, the freedom to choose is a rarity in the world of online sportsbook bonuses. Most brands give you a single option as a welcome reward, and you can either take it or leave it.

Fanatics offers a choice of two totally different (but still potentially lucrative) welcome offers. That means you can pick the bonus that bet suits your bankroll and betting style. And that's a huge win, in our books. 

DraftKings TN welcome offer 👑

DraftKings has carved out a solid market share in Tennessee since launching in November 2020. However, they are still being aggressive in an effort to attract new players. The current sign-up bonus at DraftKings TN is a bet $5, get $150 in bonus bets offer. No DraftKings promo code is required.

1. You must deposit a minimum of $5 and wager at least $5 on any market.
2. Win or lose, you will receive $150 in bonus bets instantly.
3. The bonus is awarded as six (6) $25 pieces and cannot be split further.
4. You can’t withdraw bonus bets as real cash.
5. Bonus bets will expire seven days (168 hours) after being awarded, if unused.

Why this DraftKings bonus is better than others

Some people might second-guess this DraftKings bonus for its $150 value, which is admittedly lower than the likes of BetMGM. However, I actually prefer the DraftKings welcome offer for one simple reason: low cost of entry.

You only have to risk $5 to qualify for this bonus. Even better, your first bet doesn't even have to win to collect the prize. Plus DK's minimum deposit is also only $5, meaning this bonus works for bankrolls of any size. 

Tennessee sports betting promos summary

How we rate and review sports betting promotions

Our editorial team is helping educate those new to Tennessee sports betting on the ins and outs of the best online sportsbooks via independent and thorough reviews of all 10 operators.

However, our team of experts also applies similar grading philosophies when rating and reviewing sports betting app promotions. This step is where reading the fine print can be used to ensure you are earning the best bang for your welcome bonus buck. Here is what our experts concentrate on before rating a sportsbook’s welcome promotion.

• What is the minimum and maximum value of the sign-up offer?
• Is the welcome promotion guaranteed just by making a first deposit or wager?
• Does the welcome bonus require a promo code at the time of the first deposit?
• How much do new players deposit to unlock the welcome promotion?
• What are the terms and conditions of the welcome bonus?
• Are there playthrough requirements to request a withdrawal of funds from an account wallet?
• What the expiration date is after acquiring bonus funds and first bet insurance?

Not all welcome bonuses are created equal. Some only require a minimal risk, as low as $5, while others need you to lose a large first bet in order to fully. Some welcome offers are great for novice gamblers who prefer low-stakes entertainment. Others, like Caesars, are better for experienced bettors who know how to maximize their winning potential.

Types of Tennessee betting sign-up offers and bonuses

In the wake of vast sports betting legalization in many American states recently, operators appear to be sticking with what works and categorizing sign-up offers and welcome bonuses into three basic categories: the deposit match bonus, bonus bets, and, most popular, first bet insurance. Below is a detailed explanation of each promotion and how operators use them to earn your business.

Deposit match bonus

If an operator offers a deposit match welcome bonus, jump on it, as they are a rarity these days. Deposit match bonuses are typically a percentage of your first deposit, up to a specific amount. For example, a 100% deposit match up to $500 would take a $500 initial deposit and double your account funds to $1,000. A 50% deposit match, like at Action 24/7 in Tennessee, would take an $800 first deposit and kick in $400 in bonus funds for a bankroll total of $1,200 to start.

Bonus bet

Bonus bets have risen to prominence over the past year or so. Many of the best TN sportsbooks offer some form of a 'bet & get' deal. This type of offer has proven extremely popular among new bettors, and for good reason. 

These bonuses normally require only a minimum deposit ($10 or less) and a small real money wager of $5 or $10. After that, your account is credited with a chunk of bonus bets, normally in the $100 to $200 range. 

You can't withdraw these bonus bets as cash. Instead, you must use them to make additional wagers. That gives you extra chances to make some profit while you get familiar with a new sportsbook platform. Just watch out for any extra conditions, like needing your first bet to win in order to qualify, or how quickly your bonus bets expire. 

First bet insurance

The most common sign-up offer for new players in Tennessee is first bet insurance. This type of bonus benefits both the player and operator as there is a chance no welcome bonus funds are awarded should the player win their first wager.

In other cases, operators will stake one’s account up to a specific amount of the first bet when a first bet loses. For example, BetMGM uses a $1,500 first bet insurance offer. You can wager up to $1,500 on a first bet, and if it fails, they will credit your account back with $1,500 in bonus bets. In most cases, you don't earn any bonus funds if your first bet ends up winning.

It's important to note that these bonuses are not withdrawable until they've been played through at least once. Make sure to read the terms and conditions to know exactly what is required.

No deposit bonus

A no deposit bonus is becoming increasingly rare, with most sportsbooks now requiring at least a minimal real money deposit or a small first wager to qualify for any potential bonuses. However, no deposit bonuses still come around every once in a while. They are typically not very valuable, overall, but you can claim them with absolutely zero risk, since they don't even require you to add funds to your sportsbook account or make any bets. 

Referral bonus

Sportsbooks frequently offer more than just welcome bonuses. A common promotion is to hand out referral bonuses to existing players who can recruit their friends to sign up for the first time.

You'll get a unique code or link to send out. If someone makes a new account and a first-time deposit using that link, you'll earn a small reward — usually a $10 to $100 bonus bet or cashback equivalent. Check out our best sportsbook referrals page for more information on how to claim these bonuses.

Tennessee online sportsbooks

With no retail sportsbooks in the state, Tennessee is unique in that the Sports Wagering Advisory Council currently has unlimited sports betting licenses to award interested operators. The state started 2024 with 12 online sportsbooks but has since lost three (TwinSpires, WynnBET, and SuperBook) and gained another (Fanatics). However, the 10 active sports betting apps could have more operators join them shortly as BallyBet and ZenSports are in the pipeline, ready for launch and application approval.

Tennessee online and mobile sportsbooks

Tennessee betting resources

You might be confused if you’re new to sports betting and first stumbled upon this Tennessee sportsbook promos page. This page is just one of several Tennessee sports betting resources SBR’s editorial team published to help interested players make an educated decision. You’ll also want to check out each page below and start with Tennessee’s best sportsbooks and betting apps. Don’t forget to look into a full rundown of how various sports betting app bonuses work and our deep dive review of the best TN online sportsbook, FanDuel.  

Sports betting by category

It doesn't matter what sport or league is your favorite; there's a great sportsbook bonus waiting for you at any number of legal and licensed sportsbooks in your state. Here's a list of the best sportsbooks by category, to make your decisions even easier:

Responsible sports betting with Tennessee promos

The Tennessee Sports Wagering Advisory Council (SWAC) replaced the Tennessee Education Lottery as the governing body of sports betting in the state back in January 2022. In addition to reviewing applications, issuing licenses, enforcing laws, and performing regular audits of sports betting site operators, the SWAC is also a problem gambling liaison.

The council works with the state’s Mental Health and Substance Abuse Services department to help those struggling with responsible gambling.  

Treatment options are available via an in-person meeting or telehealth video conferencing.

For more information, you can contact:

Dr. James Whelan, Executive Director, The Gambling Clinic  
The University of Memphis, Department of Psychology
(901) 678-3736
jwhelan@memphis.edu

The SWAC also provides individuals with resources to help identify problem gambling. Operators do their part by limiting sports betting app session times and allowing players to set a bankroll budget over a specific period so they don’t risk more than they can afford.

The Tennessee REDLine can be reached 24/7 via phone or text at 1-800-889-9789

National U.S. gambling helpline: 1-800-GAMBLER

Tennessee sports betting recent updates

Sportsbook promos and bonuses in other regions

The legal status of sports betting varies from state to state. That means you'll find different sportsbooks with a variety of different promos (or none at all) depending on which state you're in. See our legal sports betting state tracker for information on all 50 U.S. states.

Sportsbook promos & bonuses in legal U.S. states

Sportsbook promos & bonuses in international regions

• Canada sportsbook promos (excluding Ontario)

• U.K. sportsbook promos