Tennessee has been such a great environment for sports betting. The ease and convenience of being able to bet from anywhere has made the Volunteer State a robust sports wagering market. The hope would be that more states follow suit with this type of setup.
One of the additional benefits to an all-online, all-mobile sports betting state is being able to use PayPal to make deposits. Not all sportsbooks and states accept PayPal as a deposit method, but Tennessee sportsbooks do take PayPal. The third-party payment processor serves as just another extension of how simple and user-friendly Tennessee sports betting actually is.
Since the launch on November 1, 2020, all bets have been made on the sportsbook websites or the betting apps. There are no retail gaming facilities in Tennessee. Everything is done with online and mobile wagering, so it would actually make a lot of sense that an alternative deposit method like PayPal would be available.
Users can fund their Tennessee sports betting accounts through their PayPal balances at no additional cost. A credit or debit card deposit into a PayPal balance or using PayPal as a third-party to send funds direct from a credit or debit card to the sportsbook account would incur a fee.
Even though the legal US sports betting landscape is very safe and secure, it is fair to acknowledge that some users may have concerns about sending their financial information directly to the sportsbooks. With multi-factor authentication and top-notch SSL encryption, not to mention a longstanding history of handling online transactions and payments with retailers, businesses, and peer-to-peer money transfers, you can see why PayPal would be so highly regarded as a deposit method.
PayPal transactions are also quick and would be received much faster than a bank wire or some other electronic bank transfer. Furthermore, if you use PayPal as a deposit method, you can also use it as a withdrawal method in Tennessee. Once you get your funds in your PayPal balance, you can simply send them back to your linked bank account if you choose.
Let’s talk about the PayPal Sportsbooks in Tennessee.
BetMGM Sportsbook accepts PayPal deposits and will also pay out customers that use that method for withdrawals as well. As a global leader in the gaming industry, BetMGM is respected and held in similar esteem to a payment processor like PayPal. People know the name. They have seen it. Maybe they’ve even dined or stayed at some of the MGM resort and casino properties in Las Vegas or around the world.
Another name that everybody knows is DraftKings Sportsbook. What started out as a daily fantasy sports site has turned into a powerhouse sportsbook available to all customers in the state of Tennessee. DraftKings is another sportsbook that takes PayPal deposits in the Volunteer State, which falls right in line with its ease of use as a sportsbook and a place to make wagers.
The most popular sportsbook in the United States is FanDuel. PayPal is the most popular payment processor. It’s like a match made in heaven! FanDuel Sportsbook caters to a variety of different players with the opportunity to parlay props and also a really nice, sharp look with a color scheme of whites and blues that is easy on the eyes. You can’t go wrong with a place like FanDuel, much like you can’t go wrong with using PayPal as a deposit and withdrawal method.
Other Sportsbooks The Big Three in Tennessee right now are BetMGM, DraftKings, and FanDuel, but other operators are likely to start in the future and they, too, should accept PayPal deposits and process PayPal withdrawals, so keep checking back at ATS.io to see who gets added to the list