Tennessee Action 24 7
Are you a Tennessee resident who wants to bet on the Tennessee Titans, Memphis Grizzlies, or Nashville Predators winning their next game? If so, you will need an online sports betting account.
Tennessee Action 24/7, LLC Funding details. Tennessee Action 24/7, LLC raised $5,325,000 from 34 investors on 2019-12-13. Action 247 Bonus. Tennessee Action 247 offers a 100% welcome bonus to all new customers. Bettors can claim this offer by signing up for an account and making a first deposit. Action 247 will match the first deposit with an equal amount in bonus funds for up to $100 extra after each customer’s account information is verified.
Choosing a sports betting app, also known as an online sportsbook, is an important decision to make as a sports bettor. Sports betting is now legal in Tennessee exclusively online. Residents of the Volunteer State can only bet on sports on their mobile phones or computers.
This guide will break down the best Tennessee sports betting sites by comparing the total number of sports and bets offered, odds, live betting features, mobile apps, educational resources, ease of use, as well as current bonuses and promotions.
Best Online Sports Betting Apps in Tennessee 2021
- DraftKings Sportsbook – Best Overall for Beginners
- FanDuel – Best Mobile App
- BetMGM – Good All-Around Offering
- William Hill – Good Odds
- Tennesse Action 24/7 – Best Local Sportsbook
Best Overall for Beginners
DraftKings is the complete package for both new and experienced sports bettors and daily fantasy sports players. While the live betting, education, and mobile app are all great, I found the unique bets and pre-game statistics DraftKings offers to be the best in the state. Read full review
Best Mobile App
Like its closest competitors, FanDuel is one of the most well-rounded sports betting options available. The high-quality live betting, bets offered, and the odds are worth emphasizing for both new and experienced bettors. FanDuel is also one of two sportsbooks available that offers daily fantasy sports. Read full review
Good All-Around Offering
Make no mistake, despite being a casino-based brand BetMGM is all-in on sports betting. The BetMGM App provides users with a wide collection of sports and bets to wager on, in addition to a full suite of casino and poker games.Read full review
Good Odds
William Hill combines excellent odds and new customer bonus offers with an above-average mobile app. While I wish the sportsbook offered more education and ongoing promotions, there is a lot to like about William Hill. Read full review
Best Local SportsbookTennessee Action 24/7 is a local sportsbook, only available in Tennessee. While the sportsbook does not offer as many promotions, features, or bets as competitors, customers can count on someone from Tennessee to answer their customer support calls.
Best Betting Odds in Tennessee
To determine which Tennessee sports betting sites offer the best odds, I recorded and analyzed data from hundreds of games for spread, moneyline, and total bets. The sportsbooks that provide the best odds for each sport are listed below. Odds are given the following rankings: best, above average, average, below average, and worst.
| Feature | DraftKings Sportsbook | FanDuel Sportsbook | BetMGM | William Hill |
| NFL Moneyline | Best | Average | Average | Above Average |
| NFL Spread | Below Average | Below Average | Below Average | Average |
| NBA Moneyline | Average | Average | Average | Best |
| NBA Spread | Below Average | Good | Average | Average |
| MLB Moneyline | Average | |||
| MLB Spread | Best | |||
| NHL Moneyline | Best | Average | Average | Above Average |
| NHL Spread | Average | Good | Worst | Best |
| Soccer Moneyline | Average | Average | Good | Above Average |
| NCAAF Moneyline | Below Average | Below Average | Average | Below Average |
| NCAAF Spread | Average |
Deposit Options
Here is a comparison of deposit options amongst top TN sports betting apps.
| Feature | DraftKings Sportsbook | FanDuel Sportsbook | BetMGM | William Hill |
| Minimum Deposit | $5 | $10 | $10 | $5 |
| Total Deposit Methods | 8 | 8 | 8 | 5 |
| No Debit/Credit Card Deposit Fees | Yes | Yes | Yes | Yes |
| Deposit Min/Max - Debit/Credit Card | $5/$2,000 | $10/Varies | $0/Varies | $20/$1,000 |
| PayPal | Yes | Yes | No | Yes |
| Deposit Min/Max - PayPal | $5/$2,000 | $10/Varies | $10/Varies | $5 |
Withdrawal Options
Here is a comparison of withdrawal options amongst top TN sports betting apps.
| Feature | DraftKings Sportsbook | FanDuel Sportsbook | BetMGM | William Hill |
| Minimum Withdrawal | $1 - $15 | None Listed | $10 | $20 |
| Total Withdrawal Methods | 4 | 4 | 6 | 6 |
| No Withdrawal Fees - Check | Yes | Yes | Yes | Yes |
| Check Payout Speed is < 10 days | Yes | Yes | Yes | No |
| Withdrawal Min/Max - Check | $5/Varies | None listed | $0/Varies | N/A |
| Withdrawal Min/Max - PayPal | $5/Varies | None listed | $10/Varies | $20 |
Tennessee Sports Betting Timeline
Here is a short timeline of how Tennesssee sports betting became a reality:
- 2018 - Representative Rick Staples introduced a bill to legalize sports betting in Tennessee.
- 2019 -House Bill 1 passed the House and the Senate. Governor Bill Lee let the bill turn into law without signing it.
- 2020 - Tennessee finalized sports betting regulations in April of 2020. Some of these regulations, which include a mandatory 10% hold for operators, made entering the state less attractive for sports betting operators. On November 1, 2020, sports betting launched with four operators: DraftKings, FanDuel, BetMGM, and Tennessee Action 24/7.
Best Tennessee Sportsbooks Summary
| Feature | DraftKings Sportsbook | FanDuel Sportsbook | BetMGM | William Hill |
| Overall | 5 | 4.5 | 4 | 4 |
| Sports & Bets Offered | 5 | 4.5 | 4.5 | 4 |
| Odds | 3 | 3.5 | 2.5 | 5 |
| Live Betting | 5 | 5 | 4 | 3.5 |
| Mobile Betting | 5 | 4.5 | 4 | 4 |
| Education | 4 | 4 | 3.5 | 3.5 |
DraftKings Sportsbook
DraftKings delivers the ultimate package for sports bettors, including unique contests and bet types, industry-leading pre-game statistics, excellent education for beginners, Daily Fantasy contests, and private pools with friends. This outstanding all-round experience makes DraftKings our top overall sportsbook in 2020. Read full review
Tennessee Action 24 7 Clothing
Minimum deposit: $5
Who choose DraftKings Sportsbook:
- Great for beginners. DraftKings’ noteworthy educational materials include guidance on how to bet and different bet types, as well as sport-specific guides that cover common strategies for betting success.
- Unique bets and contests. The variety of sports and bets offered —one of the largest selections of unique bet types and contests we’ve seen — and an excellent live betting experience makes DraftKings one heck of a sportsbook.
- Bonuses: Promotions change throughout the year, but typical ones include risk-free bets up to $1,000 for new bettors, and deposit matches, among others. Keep in mind there are typically rollover requirements attached to each bonus.
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FanDuel
FanDuel Sportsbook is a winner in 2021 for its easy-to-use website and mobile app, variety of prop bets, and its top-of-the-line live betting. FanDuel combines all of that with competitive odds and daily fantasy sports integration to deliver one excellent sportsbook. Read full review
Minimum deposit: $10
Why choose FanDuel Sportsbook:
- Excellent mobile app. With its focus on usability, we found the FanDuel Sportsbook app to be one the best-designed apps overall.
- Great for bettors. High-quality live betting, variety of bets offered, and noteworthy odds are all features new and experienced bettors will appreciate.
- Bonuses: Promotions change throughout the year, but typically FanDuel offers a risk-free bet up to $1,000, and several other smaller seasonal offerings. Keep in mind there are typically rollover requirements attached to each bonus.
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BetMGM
Make no mistake, despite being a casino-based brand, BetMGM is all in on sports betting. The BetMGM Sportsbook app provides users with a wide variety of sports and bets to wager on, in addition to a full suite of casino and poker games for applicable states. Read full review
Minimum deposit: $10
Why choose BetMGM?
- Ability to edit open bets. BetMGM is one of the only sportsbooks that allows bettors to modify an open wager. This type of flexibility is a cool feature for those who enjoy live betting.
- Bonuses: Promotions change throughout the year, but typically BetMGM offers a risk-free bet up to $500, as well as an array of ongoing seasonal promotions. Keep in mind there are typically rollover requirements attached to each bonus.
Tennessee Action 24/7
Tennessee Action 24/7 is a local sportsbook, only available in Tennessee. While the sportsbook does not offer as many promotions, features, or bets as competitors, customers can count on someone from Tennessee to answer their customer support calls.
Who should consider Tennessee Action 24/7?
- Support Local Business. Tennessee Action offers fewer bests, promotions, and features than all other sportsbooks available in Tennessee. There are two distinct benefits of Tennessee Action. First, the sportsbook is run by Tennesseans. It offers phone support from Tennessee residents. Second, you can deposit cash for your online account at a variety of locations throughout Tennessee.
- Bonuses: Promotions change throughout the year, but typically Tennessee Action offers an initial deposit match up to $100 for new bettors. Tennessee Action can not compete with the vast array of ongoing seasonal promotions offered by DraftKings, FanDuel, and BetMGM.
How do I bet online in Tennessee?
- 1. Create an account. Every online sportsbook has an online website as well as a mobile app. To create an account on the app or website, you will need your name, address, phone number, and email address. Some sportsbooks might ask for more information such as social security number; which is normal.
- 2. Fund the account. Deposit money into your newly created account. In Tennessee, standard banking methods include credit/debit cards, PayPal, ACH (e-check), Bank Transfers, Play+ Cards, and PayNearMe.
- 3. Add your bet(s) to the betslip. To do this, click on the bet that you want to place.
- 4. Select the wager amount. Enter the amount of money you want to wager. The bet slip will display your total wager and potential payout. Keep in mind, the potential payout includes the money that you are wagering. For example, in the screenshot below, you are betting $10 to win $8.80. Thus, the potential payout is $18.80 (total wager $10 + potential winnings $8.80).
- 5. Finalize the bet. Place your bet and set an alarm for game time!
- Online Sports Betting - Legal (launch - November of 2020)
- Online Horse Betting - Legal
- Daily Fantasy Sports - Legal
- iGaming (online slots) - Not Legal
- Online Poker - Not Legal
- Online Lottery - Not Legal
- Offshore Sportsbooks - Not Legal
- Memphis Grizzlies (NBA) Team Website // Schedule // News
- Nashville Predators (NHL) Team Website // Schedule // News
- Nashville SC (MLS) Team Website // Schedule // News
- Tennessee Titans (NFL) Team Website // Schedule // News
- Football - NFL, NCAA, CFL
- Basketball - NBA, NCAA, WNBA, International Leagues
- Soccer - English Premier League, MLS, International Leagues
- Baseball - MLB + International Leagues
- Hockey - NHL + International Leagues
- Golf - PGA Tour, LPGA Tour, International Leagues
- Tennis - All Major U.S. Tournaments + International Matches
- Other Sports - UFC/MMA, Motor Sports, Boxing, Cricket, etc.
- Odds have either a plus or minus in front of them.
- Odds are in terms of 100.
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What types of gambling are legal in Tennessee?
Tennessee has a limited selection of online gaming products to choose from. Here are the forms of gambling legal in Tennessee:
Popular Tennessee Sports Teams
Tennessee is fortunate enough to have four professional sports teams, and college powerhouses such as Tennessee, Vanderbilt, and Memphis. Residents of Tennessee can bet on all professional and collegiate teams, which includes the following professional teams:
What sports leagues can I bet on in Tennessee?
Almost all domestic and international leagues are available to bet on with Tennessee sportsbooks:
How to Read Odds
Odds represent the likelihood of an outcome occurring. In sports betting, each team is assigned odds that represent the likelihood of them winning the game. American odds are what you will see displayed on every U.S. sportsbook and sports betting app.
The first thing you will notice when reading odds will be that:
Betting Odds are written in terms of 100 as an industry standard. The easiest way to think of the plus and minus signs is as follows: If it is a plus, you will receive more than a $100 payout on a $100 bet. If it is a minus, you will have to bet more than $100 to win a $100 payout.
Thankfully, you can view your potential winnings on each bet before placing it at an online sportsbook. That said, it is beneficial to understand the betting odds.
Keep in mind for both spreads and totals, if the game ends in a draw for the bet, you get your stake back but do not win or lose any additional money.
What is a Moneyline bet?
A moneyline bet is a wager on which team will win the game outright. Both the favorite and the underdog are given odds to win the game. View sample bet slip.
| Moneyline Odds | How to Read it | What it Means |
|---|---|---|
| Lions +130 | Lions plus 130 | By betting $100 you will win $130 if the Lions win |
| Packers -150 | Packers minus 150 | To win $100, you must wager $150 on the Packers to win |
What is a Spread bet?
A spread bet is a wager on which team will cover the spread or point spread. Underdogs will be given additional points with the spread, while the favorite will have to win by a certain amount of points to cover the spread. View sample bet slip.
| Spread Odds | How to Read it | What it Means |
|---|---|---|
| Lakers + 5 (-110) | Lakers plus 5 points at minus 110 odds | The Lakers must win the game, or lose by less than 5 for you to win your bet |
| Rockets -5 (-110) | Rockets minus 5 points at minus 110 odds | The Rockets must win the game by more than 5 points for you to win your bet. A tie is a push, meaning you don't win or lose. |
What is an Over/Under (Total) bet?
An over/under bet focuses on how many points are scored, regardless of who wins the game. After a total point score has been set, bettors can wager whether the game's actual score will be over or under the preset point score. View sample bet slip.
| Total Odds | How to Read it |
|---|---|
| Over 7 (-115) | In order to win $100, you must bet $115 on the overall combined run score to be higher than 7 |
| Under 7 (-110) | In order to win $100, you must wager $110 on the total combined run score to be less than 7 |
More of a visual person? Here's a YouTube video covering moneyline, spread, and total bets.
What is a Parlay bet?
A parlay bet is a group of bets, typically spread, moneyline, or total bets, combined into one bet to increase the payout odds. Every separate bet must win to win a parlay bet. View example bet slip.
What is a Future bet?
A futures bet is a bet on an event that takes place in days, weeks, or months. The most common future bets are placed on what team will win the finals before the season starts. View example bet slip.
What are Bonus Rollover Requirements?
Rollover requirements are requirements bettors MUST fulfill before they can withdraw the bonus money. Each type of bonus has different terms and conditions, which you should examine before accepting.
Rollover requirements for sports betting often range between 1X-10X, with some extreme requirements going all the way up to 15X. For example, let’s say you deposit $100 and receive a $50 bonus with a 5X rollover. Before you can withdraw the $50 in bonus funds, you have to wager $750 (($100 + $50)x5). Clearly, the $50 bonus is a lot harder to obtain if you don’t bet frequently.
This table gives you an idea of how much you will have to wager before withdrawing your bonus at multiple rollover rates. We will assume each deposit made is $100.
| Bonus Percentage ($100 Deposit) | Bonus Amount | Bonus Withdrawal with 1X Rollover | Bonus Withdrawal with 3X Rollover | Bonus Withdrawal with 5X Rollover | Bonus Withdrawal with 10X Rollover |
|---|---|---|---|---|---|
| 25% Deposit Match | $25 | (100+25)x1 = $125 | (100+25)x3 = $375 | (100+25)x5 = $625 | (100+25)x10 = $1,250 |
| 50% Deposit Match | $50 | (100+50)x1 = $150 | (100+50)x3 = $450 | (100+50)x5 = $750 | (100+50)x10 = $1,500 |
| 100% Deposit Match | $100 | (100+100)x1 = $200 | (100+100)x3 = $600 | (100+100)x5 = $1,000 | (100+100)x10 = $2,000 |
Is Sports Betting Legal in TN (Tennessee)?
Sports betting is legal in Tennessee; however, it is only legal online. Sports betting in brick-and-mortar casinos is not permitted. The first legal sports bet in Tennessee took place on November 1, 2020.
Governor Bill Lee allowed House Bill 1 to become law in 2019, although he did not support the legalization of sports betting. House Bill 1, introduced by Rick Staples, legalized sports betting online in the Volunteer State. Residents can bet from their phones or computers as long as they are within state lines.
Are there any prohibited sports or bets in Tennessee?
Residents of Tennessee cannot live bet on college football or college basketball. For example, you can bet on the Tennessee volunteers, but not after the game starts. Also, college player props are not available. For example, you can bet on how many touchdowns Ryan Tannehill (Tennessee Titans quarterback); however, you cannot bet on how many touchdowns Jarrett Guarantano or Harrison Bailey (Tennessee Volunteers quarterbacks) will throw.
How old do you have to be to bet on sports in Tennessee?
Anybody who is 21 years or older can bet on sports in Tennessee. As long as you are 21 and within state lines, you do not have to be a Tennessee resident to bet on sports.
If you live in Tennessee and travel to a state that does not have legal betting, you will not be able to bet. Your phone or laptop uses geo-technology to make sure you are within state lines. The only people prohibited from betting on sports include athletes, coaches, refs, and other related personnel.
Do you have to pay taxes on sports betting in TN?
According to the IRS, “Gambling winnings are fully taxable, and you must report the income on your tax return.” Form W-2G is used to report gambling winnings and gambling losses, which may be deduced if adequately itemized.
For online gambling winnings, residents must send in Form W-2G when certain winning thresholds are reached. For example, if a player wins more than $600 or at least 300 times the wager amount, the form must be filled out.
Is it legal to bet on horse racing in Tennessee?
It is legal to bet on horse racing in Tennessee. Residents can bet with legal online providers such as TVG, BetAmerica, and TwinSpires. You can not bet on horses from Tennessee sportsbooks.
Does Tennessee offer an online lottery?
No, Tennessee does not currently offer any way to purchase lottery tickets or play lottery-style games online.
Is DraftKings sportsbook legal in Tennessee?
DraftKings is a safe and legal sports betting option for residents of Tennessee. DraftKings obtained its license by paying a $750,000 fee, which allows them to operate in Tennessee for one year.
Is FanDuel sportsbook legal in Tennessee?
FanDuel is a safe and legal sports betting option for residents of Tennessee. FanDuel obtained its license by paying a $750,000 fee, which allows them to operate in Tennessee for one year.
Is Bovada legal in Tennessee?
Bovada, BetOnline, and MyBookie are considered offshore sportsbooks and are illegal. These sportsbooks are not approved by the Tennessee Lottery, which regulates all legal Colorado sportsbooks.
Methodology
For Moneyline.com’s annual best online sportsbooks review, we collected more than 36,000 data points over five months from 20 sportsbooks that serve 11 states where full-scale mobile betting is legalized. Hundreds of hours were spent testing and scoring each sportsbook (mobile and online/desktop) in seven core categories: sports and bets offered, odds, live betting, mobile betting, education, ease of use, and bonuses and promotions. The results determined each sportsbook’s overall rating.
Data from more than 1,700 bets (including moneyline, spread and total bets) was used to generate each sportsbook’s comparative odds ranking. Leagues and bet types collected include NCAA football moneyline bets, NCAA basketball moneyline bets, NFL moneyline, spread and total bets, NBA spread, moneyline and total bets, NHL moneyline, puckline and total bets, and soccer 3-way result (moneyline) bets. When collecting odds, we made sure to collect the same games at the same time for each sportsbook, ensuring data accuracy.
About Moneyline.com’s chief sportsbook researcher, Joey Shadeck: I’ve been a hobby sports bettor for more than six years, placing hundreds of bets on my favorite sports (football, basketball, MMA) and teams (Packers, Spartans, and whoever is playing the Lions). Beyond sports betting, I’m known for saying “Wanna bet on it?” in almost any situation and that is how I found out I can eat 42 chicken nuggets in less than 20 minutes.
As of February 2021, 22 different states have legalized sports betting to some capacity. Of those 22 states, the following 11 have legalized full-scale mobile betting: Colorado, Illinois, Indiana, Iowa, Michigan, Nevada (must register in-person), New Hampshire, New Jersey, Pennsylvania, Tennessee, Virginia, West Virginia.
Learn more about how we test.
NASHVILLE, Tennessee–Bettors in Tennessee made $27 million in wagers during the first week and one day of legally authorized sports-only gambling in the state.
WATE reported the details:
On November 1, over $5.1M was wagered, the adjusted gross income (AGI) was $800K, and the total tax was $160K.
From November 1 through the 8th, over $27.4M was wagered, the AGI was over $2.5M, and the total tax was $509K.
“These numbers are encouraging as we work to protect the consumer, promote fairness in sports and regulate this new Tennessee industry that provides critical funds for education, as well as local governments and problem gambling services,” President and CEO of the Tennessee Education Lottery (TEL) Rebecca Paul Hargrave said on Monday of the launch of legally authorized sports-only gambling in the state.
Four companies have been approved by the TEL as sportsbooks in Tennessee. Action 24/7 is the only Tennessee owned and operated company among those four. The other three are international publicly-traded companies.
The Tennessee Star spoke with Action 24/7 President Tina Hodges at the company’s new offices in Nashville on Monday about the company’s launch.
Hodges told The Star “Action 24/7 is ready to compete” with the three larger out-of-state sportsbooks that are also operating in Tennessee.
“We are very happy with Action 24/7’s launch in Tennessee. Our Andriod and iOS apps are up and running. We’ve had great registrations so far. We are beating our projections. We’re also running a low budget office. We’re being smart about how we’re spending our money,” Hodges said.
Hodges told TheStar one of Action 24/7’s competitive advantages over the out-of-state sportsbooks is the company’s “same day pay” feature.
“Our ‘same day pay’ feature is a customer favorite. Other sportsbooks keep a player’s winnings sometimes for multiple days. Action 24/7 pays winnings on the same day the bet is won,” Hodges said.
Hodges noted that customers prefer being paid on the day they win their bet, rather than having to wait beyond that.
Other sportsbooks are using big name celebrities to grab the attention of fans, such as MGM which is aligned with Jamie Fox.
An investor deck obtained by the The Star shows that Action 24/7 had planned to do the same with its owner and partner, Clay Travis of Outkick the Coverage. When asked directly about Clay and his apparent switch over to FanDuel, Hodges simply stated she was not able to discuss the membership of the LLC. Travis did not return repeated requests for comment from The Star on Monday.
Action 24/7 President Hodges told The Star the locally owned and operated company is currently competing against three international publicly-traded companies under what are “very unique circumstances.”
Tennessee Action 24 7
This is especially true of Tennessee’s 10 percent hold requirement.
“We are the only state that has it. The requires that we keep a 10 percent hold. It is going to be tough, I think. It gets into free play promos and all of the advertisements that you are seeing from our competitors about ‘free this, free that, do this and get $1,000, you can lose $1,000 and we’ll pay you back,’” Hodges told The Tennessee StarMonday.
Action 24/7 is headquartered in modest startup offices in Nashville.
As The Starreported in September, members of the Tennessee General Assembly enacted sports betting into law more than a year ago. The licensing authority is under the Tennessee Education Lottery.
States other than Tennessee have both online sports betting and in-person sports betting, but Tennessee is the only state that has online sports betting only. Tennessee has no in-person casinos or betting parlors.
All of Tennessee’s sportsbook companies, Hodges said, must not disregard the state’s 10 percent hold requirement.
“All of those sorts of freebies are going to limit those organizations from being able to reach this hold, and it just doesn’t seem from their advertising that they are taking it seriously,” Hodges said.
“I know our state legislature definitely takes it seriously, and the Tennessee Education Lottery takes it seriously. We are taking it very seriously, and I certainly hope that our competitors will too.”
“I think that [the 10 percent hold rule] will be a real issue coming up for the guys doing that [anyway], and I think they need to take very seriously the rules that our legislature and the lottery board have put in place because they are going to enforce them,” Hodges said.
“From their advertising it doesn’t look like they are taking them seriously right now. But they should.”
State officials can penalize companies that do not follow the law with monetary fines and or suspension of a company’s license or they could choose not to renew a company’s license, Hodges said.
According to Monday’s Tennessee Journal, state tax collections from these wagers will go to the Lottery’s education account, cities and counties on a per-capita basis, and the Tennessee Department of Mental Health for gambling addiction treatment programs.
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Chris Butler is an investigative journalist at The Tennessee Star. Follow Chris on Facebook. Email tips to [email protected]
Action 24/7 is an advertiser on The Tennessee Star Report radio program.