FanDuel Sportsbook Is Live In Tennessee: Questions & Answers

Posted on November 9, 2020 - Last Updated on December 30, 2020

By now, most are aware that Tennessee sports betting went live Nov. 1. Since it’s a completely mobile state, this means you won’t be finding any retail sportsbooks where you can physically place bets.

Don’t worry, the staff here at PlayUSA has you covered on where to place bets in person.

Below, you will find some frequently asked questions regarding online sports betting and more specifically, FanDuel Sportsbook.

Be sure to check out similar pages about the other betting apps live in the state. These include how to bet at DraftKings Sportsbook and how to bet at BetMGM.

So let’s get started.

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Signing up at FanDuel Sportsbook for Tennessee sports betting

To make things easy, it’s best to sign up for FanDuel on its website. Create an account by clicking “sign up” and following the necessary steps.

You will be asked for some personal information, like date of birth, email address and maybe even the last four digits of your Social Security number. These are all standard questions, so don’t get freaked out.

Why are you being asked for your Social Security number?

FanDuel needs to verify that you are who you say you are. Also, you must be 21+ to bet in the state.

Signing up, continued …

After you have followed the necessary steps and received a confirmation email, you can download the app on either Android or iOS. Use the same email and password on the app as you did on the website. Go to your phone settings and make sure “location services” are on; this will help verify that you are within state lines. If you are outside the state of Tennessee, you won’t be able to place any bets.

How to deposit and withdraw at FanDuel Sportsbook in Tennessee

These days, sportsbooks have made it easy to find a viable option for depositing. The money you take from your bank account or any other source of revenue will be deposited into your FanDuel account, which you will then use to place your bets.

Some of the most common options include:

  • Credit/debit cards: Visa or Mastercard
  • E-checks: ACH or VIP Preferred
  • E-wallets: PayPal, Skrill or Neteller
  • Prepaid Cards: Play+
  • Online bill pay or wire transfer
  • PayNearMe

The process is similar to adding a funding source to basically any other online shopping account you use.

Withdrawing funds

Should you win a bet, you can withdraw funds from your FanDuel account and transfer them back into your personal account.

The process is very easy. All you need to do is click on your account, select “withdraw” and enter the amount of money you wish to take out of your FanDuel account.

You will receive a confirmation email and an estimated date of when those funds will be available in your personal account. Most sportsbooks mention a window of 3-5 days, but depending on the amount, it could be sooner.

Placing bets at FanDuel Sportsbook

You’ve created an account. You’ve funded your account. Now you’re ready to place a bet.

Placing a bet at FanDuel Sportsbook in Tennessee is similar to placing a bet in other states where FanDuel operates.

You will be shown different bet types, sports teams, professional sports and even different promotions to use. So that you’re not overwhelmed, we will stick with the basics here.

The most common bet types are:

  • Moneyline: Betting on the winner of a match or game. Teams represented by a + sign are the underdog, while teams with a – sign are the favorites. (+100 Dallas Cowboys/-100 Pittsburgh Steelers)
  • Point spreads: Betting on the margin of victory. (+5 Dallas Cowboys) Dallas must win the game outright or lose by less than 5 points. (-5 Pittsburg Steelers) Pittsburg must win by more than 5 points to win the bet.
  • O/U: This is the total combined score of a match or game. (Dallas v Pittsburgh over 52 points/under 52 points) If you bet the over, the Dallas-Pittsburgh total score must be over 52 points. If the final score was PITT: 38/DAL: 24, you would win the bet.
  • Parlays: Combining multiple bets, usually three or more. It can be a combination of any bets. However, one wrong selection ruins the entire bet.
  • Futures: Selecting the outcome of a future sporting event. Placing a bet on the Chicago White Sox to win the 2021 World Series.
  • In-game betting: Placing bets on the outcome of things happening in real time. The next person to score a touchdown in the Pittsburg/Dallas game, or will the next place be a run or a pass?

Remember, you are not allowed to place bets once you exit the state of Tennessee, regardless of whether you have a FanDuel account elsewhere.

Betting on Tennessee sports teams

From the start, you will be able to place bets on a number of professional sports (golf, soccer, MMA, football, basketball, baseball) and all sports teams.

From a Tennessee standpoint, you can bet on:

  • Tennessee Titans (NFL)
  • Memphis Grizzlies (NBA)
  • Nashville Predators (NHL)
  • University of Tennessee (NCAA)
  • Vanderbilt University (NCAA)
  • University of Memphis (NCAA)

There are also 10 Division 1 football teams in the state. However, live prop bets are not permitted on college teams or players. Additionally, betting on horse racing is legal in the state.

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Nicholaus Garcia Avatar
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Nicholaus Garcia

Nick has had stints in Chicago and Washington, D.C., writing about politics, financial markets, and sports betting. He graduated from Texas Tech University and completed his master's degree in journalism at Columbia College Chicago.

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