Tennessee Daily Fantasy Sports

Tennessee daily fantasy sports apps operate in a regulated environment that involves licensing requirements, responsible gambling protocols, and regular compliance audits.

The Sports Wagering Council regulates fantasy sports contests in Tennessee, issues licensing to qualified operators, and ensures compliance with all consumer protection regulations.

Fans 18 and above can play fantasy pick’em contests and DFS leagues via numerous operators that are licensed, legal, and safe. Read on for all the details and BettingUSA’s recommended Tennessee DFS sites.

Tennessee Fantasy Sports Sites

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Tennessee state law requires all fantasy sports operators to acquire licenses from the Sports Wagering Committee before offering their services to residents.

When applying for DFS licenses, all fantasy sports operators and key personnel must submit to criminal background investigations and agree to annual compliance audits.

Additionally, licensed Tennessee fantasy sports operators must disclose all financial security, responsible gambling, identity verification, and compliance protocols when applying for licenses.

In short, fans have numerous safe and well-regulated fantasy sports apps to pick from when playing DFS online in Tennessee.

The “fantasy sports” tab on this page published by the Tennessee Sports Wagering Committee lists which DFS operators are licensed, but here’s the complete list:

Licensed Tennessee DFS Apps

Tennessee Fantasy Pick’em Apps

Fantasy pick’em contests played directly against the house are prohibited in Tennessee, but licensed DFS operators may offer nearly identical peer-to-peer variants.

The Tennessee Sports Wagering Committee was one of the nation’s first DFS regulators to refuse to issue licenses to operators that offer fantasy pick ‘em contests played against the house for fixed payouts.

However, the Committee was also among the first regulatory agencies to grant licenses to fantasy pick’em apps offering peer-to-peer variants.

Peer-to-Peer Pick ‘em Contests Permitted in Tennessee

In multiplayer pick ‘em contests, players make over/under predictions on projected stat totals just like in standard pick’em games.

The difference is that peer-to-peer pick’em contests offer a combination of fixed prizes and conditional payouts for players who make more accurate predictions than other fans.

For example, PrizePicks Arena contests group contestants into “pools” and offer fixed 3x to 10x payouts for perfect predictions spanning two, three, or four athletes. If no one gets a perfect lineup, the players with the most predictions correct earn tournament-style payouts.

Tennessee DFS Laws and Regulations

Former Governor Bill Haslam signed the Tennessee Fantasy Sports Act into law in April 2016, legalizing fantasy sports and implementing consumer protection regulations.

State law tasks the Sports Wagering Committee with overseeing daily fantasy sports in Tennessee, issuing licenses to operators, and adopting any regulations necessary to implement the Tennessee Fantasy Sports Act.

Licensed Tennessee fantasy sports operators are subject to regulations spanning a range of consumer protection topics, including:

Daily fantasy sports sites must limit players’ total deposits to a maximum of $2500 per month. However, deposit limits can be increased on a case-by-case basis.

Players’ funds must be kept in a separate bank account and may not be commingled with the fantasy site’s operational funds.

Daily fantasy sports sites in TN must use reasonable means to verify the identity of every customer.

DFS players must be at least 18 and may only hold one account. DFS sites must also take reasonable measures to prevent players from using other customers’ accounts.

Daily fantasy sports sites licensed in TN must maintain records of all player accounts for five years. These records must include all account transactions and all winnings earned by Tennessee players.

DFS sites must also keep track of all revenue derived from Tennessee customers.

Daily fantasy sports sites must contract with a third party to perform an independent audit every year. The results of each audit must be submitted to the Secretary of State annually.

Licensed Tennessee fantasy sports sites pay a 6% privilege tax on revenue derived from Tennessee customers.

Additionally, fantasy sports operators must pay initial licensing and annual renewal fees based on the annual revenue they earn from players located in Tennessee:

  • Revenue of $2,000,000+: $75,000
  • Revenue of $1,000,000 – $1,999,999: $50,000
  • Revenue of $500,000 – $999,999: $22,500
  • Revenue of $100,000 – $499,999: $10,000
  • Revenue of $50,000 – $99,999: $5,000
  • Revenue of $10,000 – $49,999: $2,500
  • Revenue under $10,000: $1,000

The Fantasy Sports Act includes various other regulations related to truthful advertising, combating problem gambling, establishing self-exclusion programs, and preventing employees from participating in paid contests.

Tennessee Fantasy Sports FAQ

Yes. Tennessee officially legalized fantasy sports in 2016.

Yes. However, Tennessee fantasy pick’em apps must offer peer-to-peer contests, not player-vs-house contests.

Tennessee regulations establish a minimum age of 18 to register with DFS operators and play fantasy sports in Tennessee.

Yes. Daily fantasy winnings are taxable income in Tennessee, and BettingUSA urges all players to speak with licensed professionals for personalized assistance.