Many people were surprised to learn that Virginia has legalized sports betting because it is one of the few states with no commercial or tribal casinos. PASPA was repealed in the spring of 2018, and the first measure was introduced in November of the same year. With the introduction of many sportsbooks, this saw the legalization of online sports betting.
Is it legal to bet on sports in Virginia?
Yes, internet sports betting will be available and legal in January 2021. There are currently 13 sportsbook applications available, with more on the pipeline. One retail betting sportsbook has opened in the Virginia sports betting sector, with others expected to open in 2022 and 2023. Online sportsbooks, on the other hand, are a popular choice for many, and they offer a wide range of possibilities, promotions, and bonuses to new customers in the state.
What Online Gambling Sites Are Legal in Virginia?
Sportsbook by DraftKings
DraftKings provides incredibly competitive odds in a massive market depth. Every day, unique betting offers like as exclusive odd boosters, risk-free wagers, and more are available. This is the sportsbook with the most generous deposit match bonus.
Caesars Casino Sportsbook
This sportsbook provides a wide range of bet kinds to bettors, as well as attractive incentives and promotions, such as their reward programme. Caesars, on the other hand, is relatively basic in comparison to other sportsbook applications.
When you join Caesars, you can get up to $1,250 back on your first bet.
Sportsbook BetMGM
This sportsbook provides Virginia gamblers with a plethora of prop bets as well as periodic promotions. The sportsbook also boasts a simple and user-friendly software interface, which is ideal for newcomers. BetMGM Sportsbook Virginia offers more sports betting options than any other site.
All new BetMGM players will receive a $1,000 risk-free bet.
BetRivers
BetRivers is one of the top apps for sports betting that functions similarly to a live sportsbook. Some of the bets available include live streaming of the games on which you are betting. Most significantly, BetRivers provides the best customer service in the market, with representatives available from 9:30 a.m. to 2:00 a.m. every day.
New BetRivers customers can get up to $500 in free bets.
Fantasy Sportsbook FanDuel
FanDuel was Virginia’s first sportsbook to open. The sportsbook prioritises easy navigation and same-game parlays above other sportsbooks in the state.
Sportsbook PointsBet
PointsBetting is the major feature of this sportsbook. This feature flips the traditional spread or total bet by determining your win or loss based on how much your bet is correct or incorrect. As a result, you may see large gains or losses.
When new PointsBet players sign up here, they will receive four $200 free bets.
Sportsbook Unibet
This is the finest sportsbook for newbie bettors who have only recently begun gambling on sports. The sportsbook provides a ‘training wheels’ site that explains how to place a bet. This app’s biggest feature is the ability to get multiple odds enhancements.
Sports Illustrated Bookmaker
SI Sportsbook offers a diverse selection of sporting events, particularly for in-play wagering. Aside from the numerous betting possibilities, you also have access to Sports Illustrated. You can also enjoy a variety of markets, including live betting.
Sportsbook on a Stool
This sportsbook provides several versatile parlay betting possibilities, as well as a vast range of betting kinds and multi-parlay wagers. Furthermore, the withdrawal and deposit methods offered are of good quality. You will also get an extremely engaging betting experience.
Sportsbook Betway
Betway Sportsbook Virginia offers prominent sports lines like as the NBA, EPL, and others. The betting site is designed for security and is approved by several organisations.
Sportsbook at Hard Rock
This sportsbook provides a plethora of betting opportunities. More precisely, there are numerous live betting chances available in sports such as basketball, ranging from high-profile leagues to lower-level leagues. Furthermore, their website has been optimised for mobile devices.
WynnBET is a sportsbook.
Sportsbook Bet365
Sports Betting Regulations in Virginia
The Virginia Lottery was given the authority to allow new betting markets as needed. The following points are highlighted by the division of sports betting licences. According to the new law, a minimum of four casinos must be built, with five retail casino licences. Furthermore, a maximum of 12 online-only licences will be issued at any given time, with a total of 18 permits available.
Furthermore, one licence must be awarded for a professional sports team with headquarters in Virginia. If a professional sports team decides to relocate to Virginia, additional licences will be reserved. The amount issues should also strive to maximise tax income. Operators must obtain a three-year licence, which costs $250,000. A new modification, however, calls for a $50,000 cost per principal inside an organisation. A principal is defined as somebody who owns 5% or more of the company.
Certain provisions in the sports betting bill have been requested by professional sports leagues. For example, the measure mandates that all sportsbooks submit real-time data to leagues. The bill also states that while betting on professional and collegiate sports is permissible, betting on in-state college teams is banned. To wager on sports in Virginia, you must be 21 or older.
The Best Mobile Sportsbooks in Virginia
DraftKings Sportsbook is the top sportsbook for DFS players looking to place bets.
Caesars Sportsbook is the greatest option for newcomers.
BetMGM is the greatest option for new bettors and MGM reward points.
BetRivers sportsbook has the best deposit bonus.
FanDuel Sportsbook- the finest sportsbook app for iOS and Android.
PointsBet- this is the greatest parlay sportsbook.
Unibet Sportsbook is the greatest option if you wish to wager without risk.
The finest sportsbook for vigs is Sports Illustrated Sportsbook.
Sportsbook on a Stool
Sports Betting Promotions in Virginia
Bonus from FanDuel
For new players, the FanDuel Sportsbook promo code sign-up offer unlocks a $1,000 No Sweat First Bet incentive. This implies that if you lose a bet of up to $1,000, you can get your money back in the form of betting credits. Furthermore, for any parlays of five legs or more, the house will refund you up to $25 if one of the legs fails. All other parts of the parlay ticket must win in this case.
Join FanDuel and get your $1,000 No Sweat First Bet by clicking here.
Bonus for DraftKings
With a $5 deposit, DraftKings will give you a $50 free bet bonus. In addition, the sportsbook provides a deposit match bonus of up to $1000. When you use the sportsbook’s promotional offer, the quantity of bonus credits you receive is proportional to the size of your investment. As a result, in order to obtain the maximum bonus, you must deposit $5,000 and wager $25,000 over the period of 90 days. To receive the minimum, you must deposit $5 and wager $25 to receive a $1 bonus credit.
New DraftKings players are eligible for a $1,000 deposit bonus.
Bonus from SugarHouse
SugarHouse Casino provides a $250 deposit match bonus upon registration. Before you may withdraw the bonus sum, you must first gamble or play through a specified amount of money. To win a $250 bonus, for example, you must risk $2500. SugarHouse boasts the lowest play-through requirement, allowing you to withdraw a $250 deposit match after wagering the same amount, just $250.
What Sports Can You Bet On in Virginia?
You can legally wager on major sports leagues such as:
NFL
NHL
NBA
MLB
Betting on collegiate athletics is subject to several limitations. You cannot bet on any Virginia college or university game. In addition, there is no prop betting on college sports.
Virginia Sports Betting Strategies
Recognise value
A gamble has value only if the odds produce a result that pays out more than it should. As a result, before you begin betting, you must first grasp what valuable bets are. You should read books that explain how to grasp the value of betting so that you can understand parlays, teasers, and other terms.
Have an effective betting strategy.
Even if you are a casual bettor, you should have a betting strategy that you understand completely. You can just select one method from the several offered and work on learning everything about it. This is especially important if you want to create long-term gains.
Distribute your bankroll among several bookmakers.
This enables you to browse around for the greatest odds. Again, evaluating many sportsbooks helps you to take advantage of the finest first-time deposit bonus. Because numerous sportsbooks provide match deposits, you should take advantage of all of them. This is especially important if you have a limited bankroll. Your advantage will come from taking use of incentives, not from the money you bet with.
Sports Betting Tax Rates in Virginia
Virginia’s tax rate is set at 15%. This means that the state taxes 15% of the adjusted gross revenues of each betting platform. This is the amount that remains after the platform pays out winning bets. The majority of that tax money is normally deposited in the state’s general fund. 2.5% of that money is set aside for a fund that assists gambling addicts.
Is Sports Betting on DraftKings Legal in Virginia?
Yes. As of January 24, 2021, customers in Virginia can use the DraftKings sportsbook to bet on a variety of markets across professional and collegiate sports. The sportsbook allows Virginia sports bettors to wager on over 250 different leagues, including famous professional sports like baseball, football, golf, and hockey. DraftKings Sportsbook system protects user information and includes responsible gaming features such as deposit restrictions. DraftKings sportsbook and daily fantasy products are also accessible on iOS and Android.
Is Sports Betting on FanDuel Legal in Virginia?
Yes. Because of its agreement with the Washington Football Team, FanDuel was able to launch its online sportsbook before anyone else in the state. On January 21, 2021, the Virginia sportsbook became live. FanDuel allows its customers to create their own one-game parlays. The sports betting operator provides a three-in-one app that allows you to switch between sports betting, casino gambling, and daily fantasy sports. The sportsbook mobile app is available for both Android and iOS devices.
