Tennessee’s four online sportsbooks are up and running, and all four have welcome bonuses designed to attract new sign-ups.
Here’s a quick run-through of what Action 24/7, BetMGM, DraftKings, and FanDuel sportsbooks are offering Tennessee players who create new accounts and/or make initial deposits.
Action 24/7 Sportsbook
100% deposit match bonus up to $100
Currently, Action 24/7 has one welcome bonus for new sign-ups, a 100% deposit match bonus worth up to $100.
This “First Deposit Match” applies only to customers who are making their first deposit to the site. After making that deposit, the customer will be credited with a matching bonus up to $100.
Prior to going live at the start of November, Action 24/7 also offered a no-deposit bonus in the form of a free bet to those who created accounts before the launch. It is possible Action 24/7 might reintroduce a similar no-deposit bonus going forward.
New users should also keep an eye out for other ongoing promotions at Action 24/7. For example, this week the site offered a US Masters $5 Free Bet available to all customers.
100% deposit match bonus up to $500
For Tennessee players, BetMGM offers a similar 100% matching bonus, in this case, one worth up to $500. The bonus match works similarly to the one described above.
There is a play-through wagering requirement associated with this bonus, meaning users have to wager a certain amount first before being able to claim the bonus.
$500 risk-free first bet
BetMGM also offers new sign-ups a risk-free first bet of up to $500.
All the new customer has to do is make a first deposit (minimum $10) and then place a bet. If the bet loses, the user gets the equivalent amount back in the form of free bets, up to a maximum of $500.
The free bets will come in denominations of 10% of the first wager. In other words, if the first wager was $500 and it loses, the user receives ten $50 free bets. All first bets of $50 or less that lose will recieve free bets in $10 increments.
The free bets cannot be cashed out, but any winnings earned from them can.
BetMGM always has several other promotions going concurrently, including a weekly $10 free bet, so keep an eye out for those as well.
20% matching deposit bonus up to $1,000
DraftKings similarly offers a matching bonus on first deposits. In the case of DraftKings, the bonus is only a 20% match but can be worth up to $1,000. In other words, someone making a first deposit of $5,000 can receive the maximum $1,000 matching bonus.
There is a play-through requirement to receive this bonus as well.
$25 in free bets, no-deposit bonus
New sign-ups also get $25 in free bets just for creating an account at DraftKings’ Tennessee sportsbook. No deposit is necessary to receive the free bets.
These come in the form of five $5 free bets. Place the bets, and whatever cash you win, you get to keep.
DraftKings also has plenty of occasional bonuses and promotions as well, including some that specifically target new sign-ups. For example, right now DraftKings has a “Risk-Free Sunday” promotion only available to new customers that awards $100 worth of risk-free NFL bets.
Be sure when signing up to look through and see what offers are available to new players and take advantage.
$1,000 risk-free first bet
Finally, FanDuel has no matching deposit bonus at present, but they do offer new users the chance to make an initial risk-free bet worth up to $1,000.
Customers need to make a first deposit (minimum $10) in order to receive the free bet. If the bet loses, the user gets back the amount of the wager, up to a maximum of $1,000.
The bonus money must be wagered at the sportsbook. That is to say, it cannot simply be withdrawn, but must be bet, and if you win, you can then cash out any winnings.
For each of these offers, be sure first to read through the terms and conditions. Some of them require entering a bonus code. Some are also time-bound, meaning you need to complete requirements or make wagers within a certain number of days or else lose the bonus.
In any case, be certain to take some time and look over what each site is offering to new sign-ups, and take full advantage.
Sports bettors know it is often worthwhile to put in some study first before placing a wager. In a similar way, studying an online sportsbook and its offers first before signing up can also be a profitable strategy.