BetMGM and Caesars are both licensed Tennessee sportsbooks with genuinely different bonus structures: BetMGM hands you a choice between $150 instant bonus bets or first-bet insurance up to $1,500, while Caesars runs a double-your-winnings boost for your first 10 days using promo code EVGSBKDYW. Which one stretches your entertainment budget further depends almost entirely on how you plan to bet in that opening window.
What Are the Current BetMGM and Caesars Tennessee Promos?
BetMGM gives new Tennessee bettors three paths at sign-up: a Bet $5, Get $150 in bonus bets offer; a 20% deposit match up to $1,000; or first-bet insurance up to $1,500. The insurance option refunds a losing first bet in bonus bets, capped at $1,500. The $150 instant offer requires only a $5 qualifying wager, win or lose.
Caesars' promo code EVGSBKDYW unlocks a double-your-winnings boost on every winning bet for your first 10 days, with a cap of $25 per bet. There is no set dollar figure attached at sign-up—your upside scales with how much you win during that 10-day window. See our full Caesars Tennessee Sportsbook Review covering the EVGSBKDYW double-winnings boost for the complete terms breakdown.
BetMGM vs Caesars Tennessee: Side-by-Side Comparison
| Attribute | BetMGM Tennessee | Caesars Tennessee |
|---|---|---|
| Welcome offer type | Instant $150 bonus bets, 20% deposit match up to $1,000, or first-bet insurance up to $1,500 | Double-your-winnings boost, max $25 per bet, first 10 days |
| Promo code required? | No—applied automatically at sign-up | Yes—enter code EVGSBKDYW |
| Qualifying bet | $5 minimum wager | Standard wager on any eligible market |
| Bonus bet expiry | 7 days from issuance | Up to 14 days (Caesars allows a longer window) |
| Minimum odds requirement | Typically -500 or longer | Check T&Cs; max boost capped at $25 per bet |
| Bonus stake returned on win? | No—profit only paid in cash | N/A (boost credited as extra winnings) |
| Tennessee team partnerships | Official partner of Tennessee Titans and Nashville Predators | Partner with Memphis Grizzlies |
Which Promo Puts More Cash in Your Pocket?
For a bettor who wants a guaranteed floor—something back even if that first wager loses—BetMGM's $150 instant offer (Bet $5, Get $150) is the cleaner value. You stake $5 and receive $150 in bonus bets regardless of outcome, and you can start using them immediately. Our detailed BetMGM Tennessee Sportsbook Bonus Review comparing the $150 instant and $1,500 insurance options walks through exactly which scenario favors each path.
Caesars' double-winnings structure rewards volume over those 10 days. If you plan to make several winning bets on moderate lines, the $25-per-bet boost compounds nicely. A bettor winning five bets at $25 each earns $125 extra—not far behind BetMGM's floor, and with up to 14 days of bonus bet validity rather than 7.
Keep in mind that bonus bets at both operators are non-withdrawable: only the profit from a winning bonus bet is paid in cash, not the token itself. Tennessee's mandatory 10% minimum hold also means the house edge here is structurally higher than in most other states—worth factoring into any expected-value math you run.
How to Claim Each Offer
- Confirm you are physically located in Tennessee when signing up (geolocation is mandatory).
- BetMGM: Create an account, select your preferred offer at registration, deposit, and place a $5+ qualifying bet at -500 or longer odds.
- Caesars: Enter promo code EVGSBKDYW during registration; your boost activates automatically on winning bets for 10 days up to $25 per bet.
- Use bonus bets before expiry—7 days for BetMGM, up to 14 for Caesars. No extensions are typically granted.
Credit card deposits are banned in Tennessee by regulation, so fund your account via debit card, PayPal, ACH, or another approved method. If you need a broader look at how these two promos stack up against every other licensed operator, our ranked guide to the best Tennessee sportsbook bonuses from $150 to $2,000+ covers the full field.
Both operators are verified on the Tennessee Sports Wagering Council's licensed operator list. You can also review responsible gambling data for Tennessee at rg.org's Tennessee statistics page. Must be 21+. Gambling problem? Call 1-800-GAMBLER or the Tennessee REDLINE at 1-800-889-9789.
Our Verdict on Tennessee Sportsbook Bonuses: BetMGM vs Caesars
BetMGM edges out for casual bettors who want a defined, instant return on a small qualifying bet. Caesars earns its place for active bettors comfortable making multiple wagers across 10 days where the $25-per-bet boost can accumulate meaningfully. Neither offer requires much risk to unlock—the key is reading the expiry windows and odds minimums before you commit. For promo code details across the full Tennessee market, our guide to Tennessee sportsbook promo codes in 2026 shows which operators need a code and which apply offers automatically. And if withdrawal speed matters to you after you've collected any winnings, check out our breakdown of the fastest-payout Tennessee sportsbooks covering PayPal, crypto, and ACH.