Expanding Horizons: Top Virginia Sportsbooks Shaping the Betting Landscape in 2023

Virginia Legal Sports Betting Overview

Welcome to our comprehensive overview of legal sports betting in Virginia. In this article, we will explore the details of Virginia’s sports betting laws, the available sportsbooks, legal wagering options, permitted banking methods, and more. Whether you’re a seasoned bettor or new to the world of sports betting, this guide will provide you with all the information you need to navigate Virginia’s sports betting landscape.

Virginia Sports Betting Law Details

Let’s start by examining the key details of Virginia’s sports betting laws:

  • Retail Sports Betting Launch Date: N/A
  • Online Sports Betting Launch Date: January 2021
  • Licensed Sportsbooks: Bally Bet, Barstool Sportsbook, BetMGM, BetRivers, Caesars, DraftKings, FanDuel, Golden Nugget, Hard Rock Sportsbook, PointsBet, Unibet, WynnBET
  • Legal Wagering Options: Futures, moneylines, parlays, point spreads, same game parlays, teasers, totals
  • Legal Gambling Age in VA: 21+
  • Sports to Bet On: NFL, NBA, MLB, NHL, MLS, MMA, motorsports, boxing, tennis, golf, European soccer, rugby, college sports (no in-state teams)
  • Permitted Banking Options: Mastercard, PayNearMe, PayPal, Play+, Visa, Skrill, e-check, online bank transfers, wire transfers
  • Virginia Gambling Regulator: Virginia Lottery Board

Virginia lawmakers approved Governor Ralph Northam’s amendments to SB 384 and HB 896, officially legalizing sports betting in the state on April 22, 2020. While retail sports betting is not yet available due to the absence of land-based casinos in Virginia, online sports betting was launched in January 2021. Currently, all sportsbook operators in the state hold mobile-only licenses. Construction of casinos began in 2022, paving the way for the opening of retail sportsbooks. On January 15, 2023, Rivers Casino Portsmouth became the first permanent casino location in Virginia, following the temporary opening of Bristol’s Hard Rock Hotel and Casino in July 2022.

Despite the lack of in-person wagering options, Virginia has emerged as one of the top states in terms of sports betting handle, with over $1 billion in sports bets handled. Major operators such as DraftKings and FanDuel are among the licensed sportsbooks regulated by the Virginia Lottery Board. In the following sections, we will provide a comprehensive guide to Virginia’s sports betting laws, including the best sportsbooks, available bonuses, and everything you need to know about betting in the state.

Virginia Online Sportsbooks Compared

If you’re interested in online sports betting in Virginia, you have a plethora of options to choose from. Let’s now compare some of the best online sportsbooks available in the state:

Best Mobile App – DraftKings

DraftKings stands out as the top choice for bettors in search of an exceptional mobile app experience. The DraftKings app garners high praise in app store reviews, and for good reason. With a sleek interface, easy navigation, and quick loading times, the DraftKings app provides a seamless and enjoyable betting experience. Additionally, the app offers valuable information and statistics to bettors, making it ideal for those who appreciate in-depth analysis. Don’t forget to claim your DraftKings Sportsbook promo code for Jul 2023 to make the most of your betting experience with DraftKings.

Best Welcome Bonus – Caesars

If you’re on the lookout for a generous welcome bonus, Caesars sportsbook has you covered. With Caesars’ Virginia sportsbook, you can take advantage of a lucrative welcome bonus that provides an opportunity to make a profit from your initial wager. The sportsbook offers insurance on your first bet, granting you bet credits equal to your losses if your bet doesn’t pan out. Moreover, any profit earned from a bet made with these credits is yours to keep, as there are no wagering requirements on the winnings. Keep an eye out for the Caesars Sportsbook promo code for Jul 2023 to maximize your bonus potential.

Best for Competitive Odds – Caesars

If you prioritize competitive odds and favorable prices, Caesars sportsbook is an excellent choice. Known for offering generous betting lines, Caesars consistently stands out in terms of odds, particularly for European soccer markets. However, you’ll also find attractive offers for major league games. To enhance your betting experience even further, Caesars provides exclusive daily odds boosts that can significantly bolster your bankroll. Explore the opportunities with Caesars and take advantage of their favorable odds. Don’t forget to check out the latest Caesars Sportsbook promo code for Jul 2023 to enhance your betting experience.

Best for Market Coverage – FanDuel

If you enjoy wagering on a wide variety of sports and markets, FanDuel is the sportsbook for you. With 17 market categories and an extensive selection of leagues and competitions within each market, FanDuel offers an unparalleled range of options for sports betting enthusiasts. You’ll find numerous international leagues and competitions, including popular events such as the Champions League and Gallagher Premiership. FanDuel also offers an exclusive horse race betting platform for those interested in expanding their betting horizons. Make sure to claim your FanDuel Sportsbook promo code for Jul 2023 to enhance your betting experience with exclusive offers.

Best for Beginner Bettors – Caesars

If you’re new to sports betting and prefer a user-friendly platform to kickstart your betting journey, Caesars sportsbook is an ideal choice. Backed by Caesars Entertainment, a well-known brand in the hospitality, gambling, and entertainment industry, Caesars sportsbook delivers a welcoming and easy-to-understand platform. With its intuitive design and straightforward navigation, Caesars provides a seamless betting experience, perfect for beginners looking to enjoy their wagering journey right away. Despite its simplicity, Caesars sportsbook maintains a luxurious look and feel, ensuring a high-quality betting experience.

Best for Payout Speed – PointsBet

While most Virginia sportsbooks offer relatively fast payouts, PointsBet takes it a step further by offering instant withdrawals for many payment methods that don’t require additional checks. This means you can access your funds quickly and effortlessly when using PointsBet. Enjoy the convenience of rapid withdrawals and experience the efficient payout process with PointsBet.

How to Place a Bet in Virginia

If you’re new to online sports betting in Virginia, allow us to guide you through the process of placing your first bet:

  1. Explore your sportsbook options: Virginia offers a variety of sportsbooks, each with its unique features and strengths. Take the time to compare and choose a sportsbook that suits your preferences.
  2. Download the sportsbook app: Once you’ve selected a sportsbook, click on the provided link to visit the bookmaker’s website. Most sportsbooks provide dedicated mobile apps, which you can download from Apple’s App Store or Android’s Google Play Store.
  3. Enable geolocation services: For mobile betting, make sure to enable your device’s geolocation services. This allows the sportsbook to verify your location within state borders, ensuring compliance with Virginia’s sports betting regulations.
  4. Register an account: Provide the necessary information, including your date of birth, address, phone number, full name, and the last four digits of your Social Security number, to register an account.
  5. Fund your account: Visit the sportsbook’s cashier section, select a payment method, determine your desired deposit amount, and follow the instructions to fund your account. Some sportsbooks may offer promo codes for bonuses, so be sure to enter any applicable codes.
  6. Place your first bet: Once your account is funded, you can start placing bets. Select your desired betting market, add it to your bet slip, input the amount you wish to wager, and place the bet. If your bet wins, you can proceed to withdraw your funds.
  7. Withdraw your funds: If you’re ready to withdraw your winnings, head back to the sportsbook’s cashier section, follow the instructions provided, and choose a withdrawal method that suits your preferences.

By following these steps, you’ll be able to navigate the world of online sports betting in Virginia with ease. Remember to always gamble responsibly and stay informed about Virginia’s sports betting regulations.

Banking Methods Available in Virginia

Virginia sportsbooks offer a range of convenient banking options to facilitate safe and secure transactions. Here are some of the banking methods accepted by sportsbooks in Virginia:

  • Bank Cards: Visa, Mastercard
  • E-Wallets: PayPal, Skrill
  • PayNearMe: Cash deposits at retail locations like CVS and 7-Eleven
  • Play+: Prepaid cards exclusive to betting sites
  • Wire Transfers: Transfers from your bank account
  • Online Bank Transfers: Direct transfers from your bank account

Whether you prefer the convenience of e-wallets or the familiarity of bank cards, Virginia sportsbooks ensure you have a variety of options to choose from. Select the banking method that suits your needs and enjoy hassle-free transactions when betting on your favorite sports.

Who is Eligible to Bet in VA?

While sports betting is legal in Virginia, certain individuals are not eligible to place bets due to their association with sports organizations or their circumstances. Here are some examples of individuals who may not be eligible to bet in Virginia:

  • Employees of companies holding a sports betting license from the Virginia Lottery Board
  • Professional sports team members, staff, and coaches
  • College sports team members, staff, and coaches
  • Referees of professional leagues, minor leagues, and college sports
  • Individuals who own a stake in a sports team
  • Individuals with authority to influence players
  • Individuals who can access non-public information about sports teams or leagues
  • Individuals employed by regulation-making sports leagues
  • Individuals restricted from betting at a state or federal level
  • Individuals who have voluntarily excluded themselves from gambling activities

It’s important to adhere to Virginia’s regulations and ensure that you meet the eligibility criteria before engaging in sports betting activities within the state.

Latest Virginia Sports Betting Updates

Here are the most recent updates regarding sports betting in Virginia:

Current Sports Betting Status in Virginia

Virginia launched its online sports betting industry in January 2021, making it one of the legal betting states in the US. As of now, there are no retail sportsbooks or casinos in Virginia. However, the construction of casinos is underway, and it is expected that retail sports betting will be available in the state in the near future.

Timeline for Sports Betting in Virginia

Here are some significant milestones in the timeline of sports betting legislation in Virginia:

  • April 21, 2022: Governor Glenn Youngkin signs SB 96, banning sportsbooks from using “Virginia is for Bettors” as a marketing slogan.
  • February 2022: Bills attempting to legalize in-state college betting are rejected by a House committee.
  • March 2021: Delegate Mark Sickles introduces HB 1847, and Senator Jeremy McPike introduces SB 1254. These bills propose changes to the existing sports betting laws in Virginia, separating casino licenses from mobile-only licenses.
  • January 21, 2021: FanDuel becomes the first sportsbook to accept legal wagers in Virginia.
  • April 22, 2020: SB 384 and HB 896 are approved, officially legalizing sports betting in Virginia.
  • April 2020: Governor Northam amends SB 384 and HB 896 and sends them back to lawmakers.
  • March 2020: SB 384 and HB 896 are passed by the Virginia General Assembly and the Senate, introducing sports betting to the state.
  • 2019: A study conducted by the Innovation Group and Regulatory Management Counselors reveals that Virginia’s sports betting market has the potential to reach $400 million by 2028.
  • March 2019: SB 1126 is passed, allowing the construction of casinos in Virginia. Each city where a casino is planned must hold a referendum to proceed.
  • May 2018: The United States Supreme Court overturns the Professional and Amateur Sports Protection Act of 1992 (PASPA), granting states the authority to legalize sports betting.

Virginia has made significant progress in developing its sports betting industry, and future developments are expected to further enhance the betting landscape in the state.

Virginia Sports Betting Background

Virginia’s sports betting history is relatively brief, as online sportsbooks were launched before retail sportsbooks in the absence of brick-and-mortar casinos. Although the Virginia Lottery, which now regulates online sports betting, began selling tickets in 1988, there were no major legislative changes until the US Supreme Court struck down PASPA in 2018, allowing states to legalize sports betting. Since then, Virginia has embraced the opportunity and has made significant strides in creating a robust sports betting industry.

Future of Virginia Sports Betting

The future of sports betting in Virginia looks promising. With the construction of four licensed land-based casinos, retail sportsbooks will soon become available in the state. Additionally, there are ongoing mobile license applications from sportsbooks such as Betway and Sports Illustrated Sportsbook, which will further expand the options for Virginia bettors. As the industry continues to evolve, Virginia’s sports betting market is poised for growth and success.

Virginia Sports Betting Locations

Currently, there are no casinos in Virginia. However, the state has approved the construction of four casinos, each of which can potentially host a retail sportsbook. Here are the planned Virginia land-based casinos:

Location Address Phone Number Operator
Bristol Casino – Future Home of Hard Rock 500 Gate City Highway, Bristol, VA 24201 (276) 696-3660 Hard Rock Sportsbook
Caesars Virginia 1100 W. Main Street, Danville, VA 24541 TBC Caesars
HeadWaters Resort & Casino Next to Harbor Park, Norfolk, VA 23510 TBC TBC
Rivers Casino Portsmouth I-264 & Victory Boulevard, Portsmouth, VA 23701 TBC BetRivers

While casinos are currently under construction, there are no retail casino locations available in Virginia. However, the opening of these casinos will provide additional opportunities for bettors to enjoy in-person wagering experiences.

Virginia Lottery Locations

The Virginia Lottery offers its services through various locations across every county in the state. However, it’s important to note that there is no direct link between retail lottery locations and sports betting. Retail sports betting is not yet available in the state, including at lottery retailers.

Off-Track and Stadium Betting Locations

Virginia currently does not have stadium betting locations. However, there is a possibility of retail sportsbook launches in the future. The Washington Commanders, headquartered in Virginia, have entered a market access agreement with FanDuel, indicating the potential for retail sportsbooks at their new home stadium. Horse racing betting is available at several locations in Virginia, including live horse racing at Colonial Downs and various off-track betting facilities overseen by the Virginia Racing Commission.

Location Address Phone Number
Breakers Sports Grille 9127 W. Broad Street, Henrico, VA 23294 (804) 270-1461
Buckets Bar and Grill 228 N. Battlefield Boulevard, Chesapeake, VA 23320 (757) 842-6767
Colonial Downs Racetrack 10515 Colonial Downs Parkway, New Kent, VA 23124 (804) 966-7223
The Windmill Off-Track Betting And Sports Grill 2360 Virginia Avenue, Collinsville, VA 24078 (401) 559-7691

Although there are no stadium betting locations in Virginia at present, there is potential for future developments in this area. Horse racing enthusiasts can enjoy off-track betting at various locations across the state.

Virginia Responsible Gambling Resources

Virginia provides resources and support for responsible gambling. If you or someone you know is struggling with problem gambling, the following organizations are available to provide assistance:

  • Virginia Council on Problem Gambling: This organization offers live chat and free 24/7 phone support for individuals facing gambling-related challenges. They also provide assessments, frequently asked questions, and events for those seeking help. Contact them at (888) 532-3500.
  • Virginia Lottery: The Virginia Lottery website offers answers to frequently asked questions and provides links to additional assistance. They also offer access to Virginia’s self-exclusion program. You can reach them at (804) 692-7777.
  • Gamblers Anonymous: Gamblers Anonymous holds meetings across Virginia and the US, providing a supportive environment for individuals to discuss their gambling struggles. They also offer phone support at (855) 222-5542.

In addition to these resources, the Virginia Lottery Board mandates that sportsbooks offer account tools such as deposit limits, spend limits, and time limits. They also require sportsbooks to provide links to support organizations to help promote responsible gambling practices.

Teams to Bet on in Virginia

Pro Sports

Virginia sports fans may not have a major league team of their own, but they support teams from neighboring states. Here are some popular teams in nearby regions:

Washington DC Maryland North Carolina
Washington Commanders (NFL) Baltimore Ravens (NFL) Carolina Panthers (NFL)
Washington Wizards (NBA) Baltimore Orioles (MLB) Charlotte Hornets (NBA)
Washington Nationals (MLB) Carolina Hurricanes (NHL)
Washington Capitals (NHL)

Minor League Sports

Virginia also has several minor league teams that enjoy support from local fans. Notable examples include the Fredericksburg Nationals and the Lynchburg Hillcats in baseball, as well as the Norfolk Admirals in ice hockey.

College Sports

Virginia is home to multiple colleges and universities with successful sports programs. These include:

  • George Mason Patriots
  • Hampton Pirates
  • James Madison Dukes
  • Liberty Flames
  • Longwood Lancers
  • Norfolk State Spartans
  • Old Dominion Monarchs
  • Radford Highlanders
  • Richmond Spiders
  • VCU Rams
  • Virginia Cavaliers
  • Virginia Tech Hokies
  • VMI Keydets
  • William & Mary Tribe

These colleges and universities offer a range of sports programs and have experienced success in various fields. From football to basketball and beyond, college sports offer exciting betting opportunities for Virginia bettors.

Women’s Sports

In addition to major and minor league sports, Virginia also has women’s touch football teams such as the River City Sting, which competes in the USWFL (United States Women’s Football League).

How Does Virginia Compare to Other States?

Let’s now compare Virginia’s sports betting landscape to that of other states:

Market Coverage

Virginia’s betting laws allow wagering on most professional sports, including major leagues such as the NFL and MLB. While college betting is permitted, it is limited to teams outside the state. Moreover, betting on eSports is prohibited. Virginia’s market coverage is in line with other states, providing a range of options for sports bettors.

Competitive Odds & Prices

Virginia offers competitive odds and prices, ensuring that bettors receive favorable betting lines. Upon reviewing sportsbooks operating across multiple states, we found no notable differences in terms of odds compared to other regions. Virginia’s sportsbooks strive to provide competitive odds, guaranteeing a fair and exciting betting experience.

Gambling Revenue

Since the legalization of sports betting, Virginia has seen substantial tax revenue generated by the industry. With a tax rate of 15% on sports betting revenue, the state benefits from this additional income source. Furthermore, Virginia sportsbooks can deduct promotional expenses related to customer acquisition, leading to increased tax revenues as the market matures.

According to statistics, Virginia’s sports betting handle exceeds $4 billion since legalization, making it one of the top 11 betting states in the US. The tax revenue generated from this handle amounts to over $24 million. Virginia’s favorable tax rate and potential for continued growth indicate a bright future for sports betting revenue in the state.

Betting Taxes

Virginia imposes several taxes related to sports betting. Each sports bet incurs a 0.25% excise tax on the handle. Additionally, sportsbooks are required to pay $50 for each employee involved in receiving wagers. However, it’s crucial to note that these taxes currently apply only to online sports betting, as retail sports betting has not yet been launched in Virginia. Sports bettors must also fulfill tax obligations on their betting profits by declaring their earnings and completing the necessary IRS documentation. Each sportsbook is responsible for providing relevant tax documentation to its users.

Who Oversees Sports Betting in Virginia?

The Virginia Lottery Board is responsible for overseeing sports betting operations in Virginia. This regulatory body handles the licensing of sportsbooks, sets regulations, and enforces compliance with legislative requirements. The Virginia Lottery Board consists of seven members, appointed by the governor, including individuals with law enforcement experience and certified public accountants. The Board also provides valuable information for bettors on its website, including descriptions of common bet types and frequently asked questions related to sports betting laws in Virginia. By ensuring adherence to these regulations, the Virginia Lottery Board promotes a secure and fair sports betting environment in the state.

Unique FAQs

Is betting legal in Virginia?

Yes, sports betting is legal in Virginia. Online sports betting was legalized in 2020, and retail sports betting is also legal, though not yet available.

Who governs sports betting in Virginia?

The Virginia Lottery Board is responsible for regulating sports betting in Virginia. This board oversees licensing, sets regulations, and enforces compliance with sports betting laws.

How old do you have to be to bet in Virginia?

You must be at least 21 years old to legally place sports bets in Virginia.

When did sports betting launch in Virginia?

Online sports betting in Virginia was launched in January 2021. Retail sports betting has not yet been launched but is expected to be available soon.

What sportsbooks are legal in Virginia?

Virginia has several licensed sportsbooks available to bettors, including Bally Bet, Barstool Sportsbook, BetMGM, BetRivers, Caesars, DraftKings, FanDuel, Golden Nugget, Hard Rock Sportsbook, PointsBet, Unibet, and WynnBET.

Are sportsbooks in Virginia safe?

Yes, sportsbooks licensed by the Virginia Lottery Board are safe and secure. The Board ensures that operators meet strict security standards to protect the interests of bettors.

Do I have to pay taxes on betting winnings in Virginia?

Yes, you are required to pay taxes on your sports betting winnings in Virginia. Be sure to declare your earnings and comply with IRS regulations.

Can you play DraftKings in Virginia?

Yes, DraftKings is available in Virginia. You can use their sports betting site, participate in Daily Fantasy Sports, and join betting pools.

Can you play FanDuel in Virginia?

Yes, FanDuel is licensed and available in Virginia. They were the first sportsbook to accept legal wagers in the state.

Can you play BetMGM in Virginia?

Yes, BetMGM has a mobile-only license in Virginia, allowing you to bet on their site. Their BetMGM Rewards program offers opportunities to earn points for wagering.

Can you play Caesars in Virginia?

Yes, you can use Caesars sportsbook in Virginia. Caesars Entertainment is opening a casino in Danville, and a retail sportsbook is expected to launch in 2023.

Can you play TwinSpires in Virginia?

No, TwinSpires is not available in Virginia. The brand is also planning to shut down its sports betting operations in the near future.

Which sportsbooks will be available in Virginia in the future?

Sportsbooks such as Betway and Sports Illustrated Sportsbook have successfully applied for licenses in Virginia. While launch dates have not been announced, these sportsbooks are expected to be available in the state soon.

In conclusion, sports betting in Virginia offers a wide range of options for bettors, with numerous licensed sportsbooks providing access to various sports and betting markets. With the ongoing development of retail sportsbooks and the growth of the industry, Virginia bettors can look forward to an exciting and vibrant sports betting landscape.

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Doug I. Jones

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