Top 7 Sports Betting Bonuses in Tennessee 2025

Find the best Tennessee sports betting bonus for you in the chart below, including great welcome bonuses, unique sport-specific promotions, and dedicated loyalty programs.

Remember, even though this is a ranked list, the best bonus for your particular needs might be further down the list depending on your financial restrictions and betting preferences.

1. FanDuel — $1,000 No-Sweat First Bet

FanDuel Welcome Bonus: When you sign up for FanDuel sportsbook in Tennessee, you can receive a no-sweat first bet worth up to $1,000. To qualify, place an opening bet of at least $5. If your first bet loses, you’ll receive a free bet of equal value up to that $1,000 limit.

Refer A Friend: FanDuel has one of the most easily obtainable referral bonuses in the industry. If you have a friend who wants to join the site, you can both earn $50 in bonus bets when they use your referral code to sign up and make a qualifying bet of at least $10.

Bonus Bets: FanDuel definitely isn’t shy about giving out free bonus bets! Complete unique betting challenges to earn free bets across a wide range of sports.

2. BetMGM — $1,000 First Bet Insurance

BetMGM Welcome Bonus: Like FanDuel, BetMGM also offers new customers $1,000 insurance on their first bet, meaning you’ll receive the value of your first bet back if it loses (up to $1,000). Keep in mind that this bonus has a short seven-day expiration date, so make sure to use it quickly.

Light the Lamp Wednesdays: Hockey fans are sure to love BetMGM’s Light the Lamp Wednesdays promotion. When you bet $25 or more on a specific player to score a goal during any Wednesday NHL game, you’ll receive $2 for every goal scored in that game, regardless of if your original bet lands.

First Basket Insurance: NBA fans can have a little extra piece of mind with First Basket Insurance. If your First Basket Scorer bet doesn’t land, you’ll receive your stake back in the form of bonus bets (up to $25).

3. DraftKings — 20% Deposit Bonus up to $1,000

DraftKings Welcome Bonus: DraftKings has one of the best welcome bonuses for serious bettors with a hefty 20% deposit bonus up to $1,000. Before signing up, take note that this bonus comes with a 5x rollover requirement. For example, if your initial deposit was $1,000, you’ll need to bet at least $5,000 to receive your full $200 bonus.

Free to Play Pools: One of the best free promotions around, DraftKings Free to Play Pools lets you compete against other players in daily challenges for a chance to win some serious cash prizes.

Refer A Friend: DraftKings keeps things simple with their beneficial referral program. If you refer a friend, you can each earn a bonus equal to the value of their initial deposit (minimum: $25 maximum: $100).

4. Caesars Sportsbook — $1,250 First Bet Offer

Caesars Sportsbook Welcome Bonus: When it comes to bonuses for new customers, it’s hard to find one better than Caesars. New bettors not only get a first bet offer up to $1,250, but they also receive 1,000 rewards credits and 1,000 tier credits for the Caesars loyalty program.

Caesars Odds Boosts: Although this isn’t exactly one single promotion, it must be mentioned that Caesars offers more odds boosts than just about anyone. If you’re a bettor who’s constantly looking for a deal, this is something to keep in mind.

Refer A Friend: Like many of the most popular sportsbooks, Caesars offers a profitable refer a friend promotion. You and a friend can each receive a $100 bet credit if they sign up and deposit at least $50.

5. WynnBET — Bet $100 & Get $100

WynnBet Welcome Bonus: New customers at WynnBET will receive a $100 free bet. To receive this bet, make a qualifying bet of $100 or more at odds of -120 or greater.

Multi-Sport Parlay Bonus: WynnBET has a great promotion for bettors who like to make risky parlays. Make a 5+ leg worth at least $50 on Monday-Wednesday and you’ll receive an extra $10 free bet.

Live Bet & Get: If you like to bet on the action while it’s happening, then you’re sure to enjoy WynnBET’s Bet & Get promotion. Get a free $10 bet when you place at least two $50+ live bets on any given weekend.

6. Barstool Sportsbook — $1,000 New Player Bonus

Barstool Sportsbook Welcome Bonus: Barstool Sportsbook thanks all new customers with a bonus of up to $1,000 for new players. To be eligible for this bonus, be sure to place your initial bet at odds of at least -200.

Parlay+: Barstool’s Parlay+ is one of the best parlay builders currently available. Users have the option to place parlays across multiple sports and markets in a single wager, which isn’t found on many other sportsbooks.

Bet with Barstool: In this unique promotion, you can gamble with Barstool and get personalized parlays from a host of well-known Barstool media celebrities like Dan “Big Cat” Katz.

7. Bally Bet — $550 First Bet Offer

Bally Bet Welcome Bonus: Bally Bet Tennessee provides new customers with a conventional $550 first bet offer as part of their welcome package. If your first bet is unsuccessful, you will receive a free bet up to $550 as compensation. Remember that this free bet has one of the shortest expiration periods around at just seven days.

Progressive Parlays: Bally Bet’s main unique feature, progressive parlays can provide you security while placing risky multi-leg bets. You can miss up to one leg on a 4-6 leg wager, two on 7-9 legs, and three on 10-12 legs and still win by selecting the progressive parlay option.

Betting promotions are designed to benefit both customers and the sportsbook. You make more money off your bets, and the sportsbook welcomes new customers while enticing loyal ones to come back. Tennessee residents who gamble have access to welcome bonuses, specialized betting markets, and odds on specific sports and events.

To get the most of your betting bonuses, you must adhere to all the offer’s particular criteria, such as rollover requirements, minimum and maximum odds, and expiration dates. Below is additional information on the most common promotion requirements.

Rollover

The “rollover” is the amount of money a sportsbook wants you to wager before you are allowed to withdraw a particular bonus. For instance, if you joined a betting site and received a $25 free bet with a 4x rollover requirement, you would need to wager at least $100 on the website before you could withdraw your winnings.

For you to place more bets on their website, sportsbooks require a rollover. Before signing up, you should always examine the website’s rollover requirements to make sure you can satisfy them.

Bonus Expiration Date

The expiration date represents the amount of time you have to complete the bonus requirements. Longer rollover periods are advantageous to the consumer because you have more time to make the necessary bets.

For instance, a bookmaker might give $100 in free bets to new customers with a 30-day expiration date and a 2x rollover requirement. To withdraw your bonus, you must wager $200 or more within 30 days.

Minimum Odds

The smallest bets that can be placed to be eligible for a bonus are the minimum odds. The minimum odds rule was established to prevent players from using free bets on odds that are almost assured and costing the bookmaker money.

Your eligible bet must be placed at those odds or greater to qualify. For instance, if the minimum odds for a particular bonus are +100, your qualifying wager can be +200 or +300 but not -200. Always look for the lowest odds because the best betting sites frequently provide better odds than their competitors.

Minimum and Maximum Deposit

The range of value for a legitimate bonus is represented by the minimum and maximum deposit amounts. The bonus can only be earned if the minimum criteria is satisfied, and no additional amount will be awarded if you exceed the maximum.

There is almost always a maximum deposit amount for bonuses, but you can always deposit more and still be eligible for a bonus. For instance, if you meet the requirements for a 50% profit boost up to $100 and win $400 on the wager, you will only be eligible for a $100 maximum bonus.

Even though Tennessee might have as many sportsbooks as other states, they still offer plenty of bonuses with exceptional value and variety.

Whether you’re looking for a profitable welcome bonus, a unique promotion for your sport of choice, a loyalty program that rewards consistent customers, or a beneficial referral program to get your friends involved, you’re sure to find the right bonus for you in Tennessee.