Virginia’s Sports Betting Handle Tops $1Billion
Virginia Sports Betting Handle Surpasses $1Billion Since launch. Despite a two-month decline which included a…read more
Get ready Virginia, legal Sports betting is now up and running!
Online gambling in the Old Dominion State was introduced with the initial launch of DraftKings and FanDuel VA betting apps in January 2021.
Fortunately, if you are looking for all of the critical information regarding Virginia gambling, you have come to the right place. We will provide information on who regulates gambling in Virginia, the best online sports betting sites, Virginia sports betting markets, and more.
The current VA sports betting apps & betting sites that are available in Virginia include:
In addition to online sportsbooks, work is underway to construct four land-based casinos following voters’ approval in November 2020. Residents in Danville, Portsmouth, Bristol, and Norfolk will see casino resorts open sometime in 2022 or 2023.
VA gambling laws state that at least four online sportsbooks must launch, but there is the capacity for up to 12 to go live. A further two operators have since launched their online sportsbooks in Virginia, with BetRivers and BetMGM now available for Virginia sports gambling fans. Sports betting in Virginia is an attractive proposition for operators, with major metropolitan areas both in and around the state.
Currently, four sports betting apps have launched in Virginia, with more expected to follow in the next six months. The Virginia Lottery Board set a date of October 15 when it would start accepting applications for licenses. The VA Lottery chose not to reveal the identity of all the sports betting operators that applied; however, the board did admit that they received around 25 applications.
There was a significant step forward in November when residents of the five cities in Virginia approved the construction of casino resorts in their areas. As per state law, there is the capacity for 12 Virginia sports betting licenses. Each casino is set to gain a license; any pro sports team looking to relocate could also receive one. If full capacity is reached, there could be up to 18 online sports betting sites in Virginia. However, reaching that milestone is unlikely, especially as the market has only just launched.
All of the licenses available come with a favorable fee of $250,000 for a three-year license. Additionally, the tax rate is 15% on gross revenues, which is generous in comparison to other states. Consequently, the competition to get hold of these licenses will be fierce.
Gambling in VA was legalized and went into effect in July 2020. This did not require any operators to partner with any casino operators, so anybody can apply for the 18 potential Virginia sports betting licenses.
FanDuel, DraftKings, BetMGM, and BetRivers are already live in the state. The other operators already have a presence in other states or have agreed to partnerships with casino developments in Virginia.
BetMGM Sports is the newest addition to the online gambling Virginia scene, and the company is well-known to gambling enthusiasts. BetMGM is the online sports betting arm of MGM Resorts International, one of the most influential gambling brands globally. The operator has had a strategy of growing its sports betting business, which has been clear from its recent launches in numerous states.
New players can take advantage of a $1,000 matched bet when joining at betmgm.com.
DraftKings is live and available in Virginia. Bettors can now participate in Virginia online fantasy sports via the DraftKings sportsbook. The operator has established itself as one of the market leaders and is available in multiple states. The company continues to expand across the United States following early success in the NJ sports betting and PA online betting markets.
All new customers joining DraftKings VA sportsbook can get a $1,000 matched deposit bonus at sportsbook.draftkings.com.
BetRivers gained market access in Virginia via a partnership with a casino development in Portsmouth. BetRivers has one of the most successful loyalty programs, and it a fantastic addition to the VA sports betting industry.
BetRivers VA online sportsbook has an awesome $250 matched free bet waiting for new customers at betrivers.com.
The William Hill sportsbook went live in Virginia on February 3, 2021 and was then later rebranded to the Caesars Sportsbook in August 2021. The operator has one of the best betting apps on the market and offers one of the widest choices of betting market, sports, and some of the best odds and promotions. Caesars VA has downloadable sportsbook apps for the iPhone as well as Android mobiles.
New customers can get a $5,000 Risk-Free bet at williamhill.com
As the sports betting scene in Virginia continues to grow, more new operators are arriving. The latest is WynnBET. They are the online sportsbook from the World famous Wynn Casino, owned by Steve Wynn. The casino has always had a luxury feel to it and they have continued that on with their iPhone and Android app.
New customers can claim a $500 Risk-free bet from wynnbet.com
The FanDuel sportsbook was the first to launch in Virginia. It was able to get a jump-start on the competition due to a surprising deal with the NFL’s Washington Football Team. The mobile sports betting app contains numerous features with several promotions.
The FanDuel sportsbooks for Virginia is set to be one of the most popular legal sportsbooks in the state. New players joining online can get a tasty $500 free bet from sportsbook.fanduel.com
If you are new to online sports betting, you will be delighted to discover the amount of betting options available at online sportsbooks. Bettors will have more betting options via online sports betting sites than at retail sportsbooks.
All of the traditional bets that you would make in-person are available through your mobile device or desktop computer. Additionally, live betting, which has become prevalent in the industry, is more popular online. The most common types of bets include:
Futures bets are extremely popular. When betting on pro sports in Virginia, players have the opportunity to wager on the Super Bowl winner before the regular season even begins.
In addition to major domestic sports, residents in Virginia are permitted to wager on a host of other sports. The most popular of these sports receive a lot of betting volume, while others fall into the more niche category. These sports include:
Please note that you are not permitted to bet on any in-state teams. Additionally, not all of the above sports will be available at each individual Virginia sportsbook, but each will contain plenty of markets. Rest assured, you will not struggle for events to wager on in Virginia.
Before you sign-up at a Virginia sportsbook, make sure you lookout for the sportsbook bonus that best suits you. The online sports betting market is highly competitive, so they must have generous bonuses for new and existing players. If they don’t, they will lose customers to rivals. Some of the most common bonus types include:
Welcome bonuses offer an excellent way for players to test new sites while simultaneously building up their bankroll, especially offers like a no deposit free bet. Sportsbooks endeavor to attract new customers then pay to keep them, so ensure you take advantage of this. Additionally, look out for Virginia bonus codes, which will get you instant access to the sportsbook promotion.
When you have decided that you want to play, you can have an account and be up and running quickly and efficiently. First, you will need to choose which sportsbook you wish to register with. Click on one of our links above from the list of current live sportsbooks in the state to claim your welcome bonus and start the registration process.
The sign-up process itself is straightforward. When you click the ‘register’ button, you will need to provide some details such as your name, date of birth, email, and last four digits of your Social Security number to verify your age. Once you submit this information, your account will be created.
You will also want to download the VA sports betting app to your mobile device from the sportsbook website. Sportsbooks have dedicated apps for iOS and Android devices, so you should find it straightforward to access legal sports betting through your phone. Software developers design sportsbooks to adapt perfectly for mobile betting sites nowadays, so your remote betting experience will be seamless. Navigation will be straightforward, and all of the available betting options will be clearly listed.
Sports betting was legalized in Virginia in July 2020. Two bills were approved, and following some tweaks from Gov. Ralph Northam, the new law came into effect two months later. The finished version of the law states that online sportsbook operators don’t have to agree to a partnership in Virginia to apply for one of 12 licenses up for grabs.
Additionally, the bill dictates that there is the potential for five new sportsbooks at proposed casino sites in the state. Another positive of the law is an 18th license was approved in an attempt to lure a professional sports team to Virginia.
One of the negatives of the bill is betting on collegiate sports is restrictive. Players are not permitted to place a wager on a college game, and live betting on collegiate sports of any kind is prohibited.
Is sports betting legal in Virginia?
Yes, sports betting became legal in Virginia thanks to two bills that passed through the Virginia General Assembly. The bills were signed into law in July 2020 and the first sportsbook launched in January 2021.
Are there any casinos in Virginia?
There are currently no casinos in Virginia. However, there are presently large-scale resorts under construction after voters approved them. The possible locations for these casinos are:
Each casino will likely offer a retail sportsbook.