Every Licensed Tennessee Sportsbook Welcome Bonus, Ranked
Side-by-side ranking of TN sportsbook welcome offers: FanDuel Bet $5 Get $200, BetMGM up to $1,500, bet365 $150, and more. Updated September 2026.
The best Tennessee sportsbook promo right now depends on how you want to use it — a safety-net offer protects a big first bet, while a bet-and-get deal rewards you even if you win. I've gone through every licensed operator's current welcome bonus and ranked them below so you can grab the one that fits your style without reading pages of fine print first. Must be 21+. Gambling problem? Call the Tennessee REDLINE at 1-800-889-9789.
Which Tennessee Sportsbook Promos Are Available Right Now?
Tennessee has more than a dozen licensed sportsbooks as of 2025, all operating under the Tennessee Sports Wagering Council approved licensee list. Every operator below is verified on that list. Accessing an unlicensed offshore site is a crime under Tennessee law, so I only cover the legal apps here.
Here's the full ranked comparison. The top slots go to the biggest guaranteed value or the most flexible structure for a new bettor.
| Rank | Sportsbook | Welcome Offer | Min. Bet | Promo Code? | Bonus Expiry |
|---|---|---|---|---|---|
| 1 | BetMGM Tennessee Promo: First Bet Offer up to $1,500 | First Bet Offer up to $1,500 | Varies | Yes | Per terms |
| 2 | Caesars Sportsbook Tennessee Promo Code: 20 Profit Boost Tokens | Bet $1, get 20 × 100% Profit Boost Tokens ($25 stake cap, up to $2,500 bonus win each) | $1 | Yes — CZRDYW (enter before depositing) | 14 days |
| 3 | FanDuel Tennessee Promo Code: Bet $5, Get $200 in Bet Reset Tokens | Bet $5/day, get up to $200/day in Bet Reset Tokens for 5 days (up to $1,000 total) | $5 | No — auto-activates via link | 7 days per token |
| 4 | bet365 Tennessee Promo Code: Bet $10, Get $150 in Bonus Bets | Bet $10, Get $150 in Bonus Bets (win or lose); or up to $1,000 First Bet Safety Net | $10 | Yes | 7 days |
| 5 | DraftKings Tennessee Promo: Bet $5, Get $100–$150 in Bonus Bets | Bet $5, Get $100–$150 in bonus bets (two $25 bets every 7 days over 14 days) | $5 | Yes | Per terms |
| 6 | BetMGM Tennessee Sportsbook Promo: First Bet Offer Worth Up to $1,500 | First Bet Offer up to $1,500 (bonus bets if first bet loses) | Varies | Yes | Per terms |
| 7 | BetRivers Tennessee Promo: Second Chance Bet up to $500 | Second Chance Bet up to $500 | Varies | Yes | Per terms |
| 8 | Hard Rock Bet Tennessee Promo: $150 in Bonus Bets if First Bet Loses | $150 in bonus bets if first bet loses | Varies | Yes | Per terms |
How Do I Pick the Right Tennessee Sportsbook Promo?
It comes down to risk tolerance and how much you want to deposit. If you're comfortable putting up a large first bet, the BetMGM Tennessee Sportsbook Promo: First Bet Offer Worth Up to $1,500 has the highest ceiling of any offer on this list. If you'd rather start small, FanDuel's Bet $5 offer stretches across five days and rewards wins along the way — no promo code needed, which removes one more way to accidentally forfeit it.
Caesars is interesting because the entry bar is just $1, but the real value lives in those 20 Profit Boost Tokens — each one can boost a winning bet up to $2,500. The catch: you must enter code CZRDYW at signup, before you deposit a single dollar. Miss that window and the offer disappears.
If you want the guaranteed-value angle at a low commitment, look at the bet365 Tennessee Sportsbook Promo: Bet $10, Get $150 or a $1,000 First-Bet Safety Net — you get $150 in bonus bets whether your first bet wins or loses, with a minimum qualifying odds floor of -500. And if you prefer collecting bonus bets in installments, the DraftKings Tennessee Sportsbook Promo: Bet $5 and Collect Bonus Bets Over 14 Days spreads rewards across two weeks so you're not forced to use them all at once.
Not sure whether your chosen app requires a code at all? Check out which Tennessee sportsbook promos need a code — and which don't for a full breakdown.
What Are the Key Rules Across All Tennessee Sportsbook Promos?
- Qualifying bets must use real cash, not existing bonus funds.
- Bonus bets are non-withdrawable — only winnings from them may be cashed out.
- Bet365's minimum qualifying odds are -500 or better; check each operator's odds floor.
- Players enrolled in Tennessee's self-exclusion program cannot claim any welcome offer.
- You can claim one bonus per operator, but there's nothing stopping you from signing up with multiple licensed apps and stacking new-user offers across them.
- NCAA college player props are prohibited statewide — bonus bets cannot be used on those markets.
Tennessee has no state income tax on gambling winnings, but federal tax still applies. Keep records. And if you ever want to compare two of the top apps head to head, the FanDuel vs. DraftKings Tennessee promo code comparison breaks down exactly how those two stack up.
One more thing worth knowing: credit card deposits are prohibited for all licensed Tennessee sportsbooks. If a site accepts them, that's a red flag for an unlicensed operation. Stick to the apps listed here — all verified on the SWAC licensee registry — and you're on solid legal ground.