DraftKings has been a household name for most Tennessee sports fans since it bombarded NFL broadcasts with advertisements throughout the 2014 football season. In just a few years time the company has gone from daily fantasy sports startup to a publicly traded sportsbook and casino. DraftKings was one of just a few online sportsbooks to go live in TN on November 1, 2020, the first day they were legally allowed to begin taking wagers.
Like all Tennessee sportsbooks, DraftKings is only available online. Tennessee bettors can’t enjoy the thrill of cashing a winning ticket in person, but, eligible residents and guests are free to place a wager over the internet throughout the state – from Bristol to Memphis.
|Betting App Apple Store + Google Play Scores||TN Sign Up Offer|
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DraftKings TN Bonus Offer
DraftKings has one of the industry’s better new customer bonus offers. New players can take advantage of a welcome package that consists of a 20% deposit match up to $1000, plus a Bonus Bet of $50.
This means that a $5,000 deposit would give the player the maximum $1,000 bonus.
Notably, this bonus requires a 25X play-through requirement, one of the highest rates of any sportsbook. For every $25 wagered, $1 will be released from the bonus bank into the cash balance. This means that a player that takes the maximum $1,000 bonus on a $5,000 deposit would have to wager $25,000 before they could withdraw all the bonus funds. Bets on odds greater than -300 are not counted toward the play-through requirement; for example, a bet on the Tennessee Volunteers football team to beat a cupcake likely wouldn’t qualify.
|DraftKings Sportsbook TN Promo Code|
|Bonus Bet||$50 Bonus Bet|
|Deposit Match||20% up to $1000|
|Bonus Valid||January 2023|
|Online Launch||Nov. 1, 2020|
Draftkings TN Sign-Up Procedure
Signing up for DraftKings sportsbook in Tennessee is a separate process from the daily fantasy operation, though players may be able to overlap some account information such as their username and password.
Legal Tennessee sportsbooks are only accessible online, meaning bettors with internet access located anywhere can register from their desktop, laptop, or a mobile device. Tennessee bettors must be physically in the state and 21 or older to bet.
Registrants are asked to enter a username, password and email address. DraftKings will also ask for additional information, including full name, address, date of birth, telephone number, and social security number. Like all legal sportsbooks, DraftKings keeps all private information safe and secure.
Once approved, a process that is usually instant, players have a variety of funding options that will instantly appear in your account. Once you are registered and make your first deposit, you can start playing instantly.
Deposit, Get Paid Easily
There are multiple ways to fund and withdraw money from DraftKings sportsbook, all of which are safe and easy to use. Since there are no brick-and-mortar gaming facilities in Tennessee, the company can’t offer in-person payouts at a casino cage. With plenty of online options, though, players should have no trouble with deposits or withdrawals.
Most importantly, DraftKings users in Tennessee know their funds are safe. Like all regulated, legal sportsbooks in the state, DraftKings must adhere to strict regulations that track and protect player funds. Additionally, DraftKings has built a reputation in nearly every state in the country for its timely, safe, and secure daily fantasy payouts and has carried that performance to roughly a dozen states already with sports betting.
DraftKings offers the following options within its online cashier for deposits or withdrawals:
- PayPal: The most popular digital payment server, PayPal is an easy way to deposit/receive funds through a mobile device. PayPal users can simply select their account when prompted on the DraftKings mobile app or web site and then gain instant access to their money.
- Online Banking/ACH: A direct deposit to/from an online bank account.
- Check: For players who prefer paper checks, DraftKings will likely offer this option for its Tennessee sportsbook. Though, mailing winnings via check will take far longer than an online option.
- Credit or Debit Cards: For those who wish to fund accounts directly, DraftKings also accepts most major credit and debit cards. Visa and Mastercard are the most common. Discover and AMEX are available in some states.
- Prepaid Play+ Cards: DraftKings typically accepts other digital payment servers, like prepaid cards. Once the prepaid card is funded it can be used to make instant transactions.
Not every method that is available for deposits will be a choice for withdrawals, too. Check the Deposit page on your account screen for details on which methods are available for withdrawal.
Desktop and Mobile App Overview
DraftKings takes the convenience and action of its daily fantasy product and kicks it up a notch with its sportsbook. Through both desktop interfaces and mobile apps, DraftKings online sportsbook offers an industry-leading setup suitable for all types of bettors in Tennessee.
The desktop site’s top banners prominently splash DraftKings’ evolving bonus arsenal, highlighting not just ongoing contests and promotions but bonus bets, profit boosts, and other goodies for the day’s biggest events. The bet slip in the upper right corner makes betting a breeze, and quickly allows bettors to choose between singles, parlays or even round robin bets.
DraftKings’ Tennessee sportsbook has the same, if not more, betting options than any competitor. The day’s biggest events are constantly updated, but there’s also a handy A-Z menu divided by sport so players can quickly find their preferred competition.
Not surprisingly, DraftKings also keeps the action going throughout its desktop display, posting live odds for in-play competitions next to the latest exclusive bonus offers. The company also has its own “Flash Bet” section, making live betting even more exciting. A stats hub for all the day’s biggest games gives bettors extra information to make a sharp play, including “genius facts” on trends, streaks, and other critical information.
After years perfecting its mobile-focused daily fantasy platform, DraftKings continues its outstanding digital presentation with its sportsbook app. Drop-down menus will help DraftKings app users navigate through games, bonuses, and all other parts of the mobile sportsbook. Placing a bet requires just a few touches, and scrolling through games takes just a few swipes.
The Tennessee mobile app packs all the action of the desktop site into the convenience of a mobile app. A bettor in the Forum in Memphis or Neyland Stadium in Knoxville can easily place one of thousands of bets before, or even during a game. In addition, if a bettor has any inquiries, an easy-to-use question tab can help navigate further.
Look for the DraftKings sportsbook app in your iOS App Store or by looking for the Download for Android button by visiting DraftKings in your mobile browser.
DraftKings Security & Safety
After years perfecting its DFS operations and now its sportsbook, DraftKings has a top-notch security system that will protect players’ funds and personal information.
Not only does DraftKings keep its own internal security protocols, it is also regulated by the Tennessee Education Lottery, which already protects info for millions of people. Tennessee bettors can rest assured they are in good hands with regulated sportsbooks, like DraftKings.
DraftKings also goes a step further with a user account security page on its sportsbook site. Players are even given tips on how to protect their passwords. As an extra security measure, DraftKings also forbids players from sharing accounts.
In case a bettor feels their information has been mishandled or compromised, DraftKings has a dedicated support email address where customer service representatives will address concerns ASAP.
Types of Betting Options
DraftKings offers all the standard bets such as moneylines and pointspreads, all the most popular sports such as football and basketball, and literally hundreds of other bet types and sports league options. If it’s legal to bet on in Tennessee, DraftKings will probably have it.
- Every major American professional sport, including (but not limited to) football, basketball, baseball, hockey, soccer, auto sports, tennis, mixed martial arts, golf, and many more.
- All popular U.S. pro sports leagues such as the NFL, NBA, MLB, NHL, MLS, NASCAR, ATP, UFC, PGA, and so on.
- Major college sports including NCAA football and basketball, meaning bets on the Vols or ‘Dores are completely legal.
- Dozens of foreign leagues and sports, including Formula 1, Premier League soccer, cycling, rugby, cricket, and even table tennis.
- All the classic sports bets such as moneylines, pointspreads and totals, as well as parlays and round robins, among other options.
- Most popular events will allow partial game betting, such as first five innings in Major League Baseball, as well as quarters and halves for football.
- Live betting for virtually any sport you can think of.
- DraftKings’ own “Flash Bet” for even more rapid live betting options on select games and events.
- Player and team prop bets, such as “Which Team Will Score First?” or “Who Will Score the First Touchdown?”
- Private and public Pool Betting options, which work like daily fantasy contests and pay out big winnings to high scorers.
- Thousands of additional bet types, leagues and sports, which DraftKings updates constantly.
Online sports betting in the United States is a competitive industry. Most state markets are replete with betting operators, each of which is competing for your action. While most brick-and-mortar sports bettors are loyal to their book because of location and convenience, if an online operator isn’t competitive, its easy to download a new app and move your funds to a new site – quality odds and pricing is key.
DraftKings sportsbook excels in this department. General pricing and odds are pretty standard for the industry, but its moneyline odds are often a cut above. Plus, with all of the available rewards and promotions, there’s regularly a way to recoup extra value. With online betting its always a great idea to shop around to get the best prices, and that search will often lead to DraftKings.
DraftKings Loyalty Program
Like most top sportsbooks, DraftKings has a competitive rewards program. But for marquee DraftKings customers, the highest rewards level is almost impossible for any sportsbook to match.
First-time customers earn rewards points from their initial wager. Through “Missions,” players can opt in to the program that allows for bonus bets, odds boosts, and other valuable bonuses.
Accumulating bonus points and rewards takes time and money, but DraftKings offers arguably the best program for its top customers: DraftKings VIP. This invitation-only program gives DraftKings’ most prolific customers enhanced promotions, top-tier customer support, and access to personalized offers.
Thanks to multi-year relationships with the NFL, MLB, NBA and other major professional sports leagues, DraftKings offers all players the chance to exclusive experiences and events, such as on-field access to stadiums before games, and some of the most high-profile betting competitions in the nation.
DraftKings may not replicate the progressive tiers and compounding rewards typical of other sportsbooks, but its one-of-a-kind experiences – and the potential for the unrivaled VIP status – gives it one of the better sportsbook loyalty programs.
DraftKings earned its reputation through advertising its groundbreaking daily fantasy product, but promotions have made it one of the nation’s marquee sportsbooks.
At any moment, DraftKings offers as many as a dozen promotions for new and returning customers, including giveaways, deposit bonuses, reload offers, bonus bets, free-to-play events, and much more. DraftKings also has also integrated its traditional contest-style entry pools into its sportsbook which, like DFS, includes generous and frequent promotional discounts.
These are on top of the introductory bonuses and a host of other offers, such as the Refer a Friend offer (receive a bonus bet up to $100), and one-time promotions for marquee games. For example, in the past DraftKings sportsbook has offered a $101 bonus bet for first-time users who wagered at least $10 on the 2020 NFL season opener. Expect similar offers, and localized deals catered to the Titans, Grizzlies, Predators and more.
DraftKings makes all this even more enticing with a “Track Your Deposit Bonus.” Not only does the online sportsbook make it easy to track your bonus points, bettors have even more opportunities to earn.
Additionally, DraftKings bettors can cash out early on certain bets, allowing bettors to cut losses or secure winnings before games are decided.
DraftKings also features frequent “profit boosts,” which give players a percentage payout increase on all winnings for certain bets and events. There’s ample incentive for Tennessee bettors to keep coming back.
DraftKings’ 24-7 support system provides aid to veteran or first-time bettors. DraftKings offers a longer form communication tool for the sportsbook, as well as an email address for further questions. There is a live chat option, but if you choose to use the form, support teams are typically good at returning your email within a business day.
DraftKings’s FAQ list covers bet types, promotions, account management, responsible gaming, geolocation, deposit, withdrawals, and dozens of other answers. This complements a step-by-step guide on how to bet, and an even more straightforward Quick Start tutorial.
DraftKings stands out further with its thorough sports betting guides, rules sheets, and glossary, meaning a novice can quickly learn sports betting basics.
DraftKings Reputation: Another Titan in TN
The 2014 marketing blitz from DraftKings and DFS rival FanDuel throughout Tennessee, and across the nation, made the two companies household names seemingly overnight. However, it also sparked government oversight that nearly led to their demise. Five years on, the two have engrained themselves in the American sports fan’s collective psyche, and the DFS titans are now two of the biggest names in iGaming.
For years Daily Fantasy Sports walked a fine line between classification as a game of chance (gambling), and a game of skill. As a result, some states banned DFS, some legalized them, and many others left DFS operators in legal limbo.
The May 2018 repeal of the federal sports wagering ban, PASPA, allowed each state to take legal sports bets if it chose to do so. Gaming-friendly states such as New Jersey and Pennsylvania quickly moved to approve sports betting – and DraftKings sportsbook was there from the start.
Having built up priceless name recognition (and a massive customer base) through its DFS ad blitz, DraftKings had an early leg up in the U.S. sports betting race. Now able to actively and legally promote gambling, DraftKings quickly became one of the highest-grossing sportsbooks in the new era of legal U.S. sports betting.
Now DraftKings operates online sportsbooks in numerous states and retail books in a handful more. Along with Tennessee, DK expects to be a major player in as many as two dozen more states that are considering legal sports betting.
On top of its brand recognition, DraftKings has developed one of the most robust sports betting operations in the industry. Despite being a relative newcomer to single-game wagering, DraftKings has been able to fight off veteran European bookmakers such as William Hill (now Caesars Sportsbook) and Betfair, thanks to its wide range of bets, contests, betting pools, bonuses, and promotions.
Simply put, DraftKings has one of the nation’s best sports betting products and will be a market leader in Tennessee.
Additional Company Info
Since its 2012 launch, DraftKings has helped pioneer daily fantasy contests, freeing millions of fantasy sports players of season-long commitments to instead “draft” new teams on the daily. Like its rival, FanDuel, in just a few years DraftKings boomed as a seemingly ubiquitous advertising presence – then to a target of government intervention.
What seemed like an uncertain future for the daily fantasy pioneers as recently as 2018, was turned upside down by the Supreme Court decision in NCAA v. Murphy, which overturned the federal sports betting ban. With legal sports betting on the table, the sky was the limit.
Capitalizing on its brand recognition and existing user base, DraftKings opened its first sportsbook in summer 2018 in the state of New Jersey. Within two years, DraftKings online sportsbook was accepting wagers in numerous states around the country. In that time, DraftKings filed for IPO and now trades on the New York Stock Exchange (DKNG).
In addition to Tennessee, Boston-based DraftKings expects to expand to virtually every state that permits legal sports betting. To keep its initial leg up on a growing number of sportsbook rivals, DraftKings continues to innovate, promote, and of course, advertise in the rapidly expanding U.S. sports betting market.
Already a national revenue leader, DraftKings was one of the first sportsbooks to take a bet in Tennessee.
DraftKings has not rested on its laurels as a marquee name in fantasy sports. Pivoting from its flagship product to legal sports betting has gone more smoothly than the up-and-down years fighting for daily fantasy sports. There are no sure bets in sports nor industry, but DraftKings seems headed for relatively calm seas.
Years of regulatory and legal fights – and a growing customer base – helped DraftKings jump-start the legal sports betting expansion, but its products keep it near the front of the pack. A seemingly endless list of betting options, ever-growing promotions, and unique winner experiences make it difficult for others to keep up.
With more than two-dozen separate sportsbook operators expected in the U.S. by 2021, DraftKings must continue to innovate in order to stay ahead. A strong foundation and a successful sports betting launch in Tennessee points towards a bright future for DK.
DraftKings Pros & Cons
- Loaded promotional schedule
- Amazing app and desktop software
- Seemingly endless betting option
- Banking options are not as plentiful as other sites
- Betting lines have improved, but still not the best
- Wagering requirements for first deposit bonus are excessive