Virginia Gambling Sites
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Fast Withdrawals Get ready Virginia, legal Sports betting is now up and running. Online sports betting and mobile betting is now live on the latest Virginia sports betting apps.
Online gambling in the Old Dominion State was introduced with the initial launch of DraftKings Sportsbook and FanDuel VA betting apps in January 2021. Since the Supreme Court removed the PAPSA ban, sports betting has thrived in the US, now reaching Virginia.
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.
Top Rated Sports Betting Apps In Virginia
- Superb range of sports
- Enticing rewards program
- Extensive catalogs of betting markets
- Accepts deposits as low as $5
- Hefty welcome and referral bonuses
- Available in 22 US States
- Great Mobile App
- Brilliant Welcome Bonus
- Range Of Bet Types
- Massive Choice of Sports
- Daily Odds Boosts
- Convenient Banking
The first online sportsbook to go live in Virginia was FanDuel due to its partnership with the Washington Commanders.
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.
Sports Betting Laws In Virginia
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. Operators have to pay $250,000 for a three-year license in addition to a 15% revenue tax. Individual sports bettors are required to pay a 24% federal tax rate for any winnings above $600. However, you are able to deduct losses to offset tax liabilities which is why it is very important that you keep records of all of your wagers.
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.
Four cities approved their referenda in November 2020 to have casinos offering retail sports betting. However, voters in Richmond rejected the notion of a fifth VA casino. Those bettors have the option of visiting Richmond Raceway to gamble.
You don’t have to be a Virginia resident to place a sports bet on any of the apps we have listed on this page, you you must meet the below criteria:
- be physically located in Virginia
- be at least 21 years of age
- have geolocation settings active and enabled on your mobile device
