2020 became an important year for Virginia sports betting. In March of 2020 – a bill was passed to legalize all online sports betting.
Where previously you were only able to wager on DFS, horse racing and the lottery. This means that the nation’s biggest bookies are finally ready to enter the sports betting market of Virginia.
So you’ll have plenty of options to put a wager on your favorite teams as we hit the spring. Basketball fans can rejoice by wagering on tournaments like March Madness and the NBA playoffs. On the other hand, Hockey fans can place bets on the Stanley Cup Playoffs.
All Virginia Online Sportsbooks
We’ll go through a list of options for Virginia sports betting. You can see which operators have obtained a permit to offer the citizens of Virginia online sportsbooks to wager on.
A lot of incoming operators will be offered to work in Virginia. But also, big market players like William Hill and FanDuel also offer options to create an account to place bets on your favorite teams and players.
Here’s a Walkthrough of Operators for Virginia Sports Betting
After the legalization of sports betting in Virginia, we’ll give you a short walkthrough of the operators of current and future online sportsbooks. Also, what kind of promotion they offer new members.
One of the biggest and oldest operators in the world is William Hill, and of course, they are aiming to work on the Virginian sports betting market. They are offering a nice promo of up to $500 risk free bet. Of course, that’s in case you lose your first bet.
All of this is possible when you make your account and a first deposit. Although the promo must be used within 7 days from when it is given to you. William Hill is working to ensure that you have an extra chance if first, you don’t succeed.
BetRivers have also joined in on the state of Virginia’s betting market. They are offering a betting bonus of up to $250. This means that you’ll get a 100% initial deposit match in your account. All the way up to $250.
To withdraw your winnings, You have to make sure that you wager your bonus money once. After achieving that, you can take it home.
So if You’re new to online sportsbooks, then You aren’t obligated to put up $250. You can fund your account by $50 to get $50 in your bonus!
You almost can’t avoid saying ‘betting operators’ without mentioning FanDuel. FanDuel is one of the biggest and most popular operators in the US. They are also ready to make an impact on the sports betting market of Virginia.
FanDuel is offering a $1000 risk free bet to new members. This means that FanDuel will refund You up to $1000 in site credit if you lose your first bet. FanDuel has a reputation for offering a wide variety of wagers, and residents of Virginia aren’t going to miss out on that either!
BetMGM is a Nevada-based online sportsbook, who is most notably famous for owning Bellagio, MGM Grand, and Mandalay Bay. But they are also working in the state of Virginia with their online sportsbook. They are looking to impress Virginians with a risk free bet up to $600.
Meaning that new members will have the safety of getting up to $600 in credits if their first bet falls through. So you’re still in the game if you miss out on a big score the first time around!
Here’s a list of incoming online sportsbooks coming to Virginia
Since the Virginia sports betting market is young and new, not all operators are available in the state. But in due time, these following online sportsbooks are looking to give Virginians an option to wager on their favorite sporting tournaments.
Famous for being a big digital media company, Barstool aims to enter Virginia’s sports betting market. After they launched a mobile app for their online sportsbook in September 2020, making it a logical next step.
Backed by Penn National Gaming, Barstool is looking to make a splash in Virginia, where they are looking to give new members two offers. A $10 sign-up bonus as well as a $500 risk free bet. So as a Virginian, You can claim up to $510 by signing up for Barstool!
The Canadian media company, theScore, is also looking to enter the Virginian sportsbook market. theScore is mainly famous for their sports channel. However, they are hopeful to enter the sportsbook market in Virginia.
They launched their online sportsbook in September 2019 as the first media company to do so. Hopefully, they’ll launch in other states such as Virginia by 2021. With their slick app design, theScore aims to attract new members with their $500 risk free bet.
Besides being one of the most well-known cafés in the world, Hard Rock also offers an online sportsbook platform, which currently is only operational in the state of Iowa.
Although Hard Rock has set their eyes to enter the Virginian sports betting market by giving new members – a $100 risk free bet as well as options for rewards and free contests.
Unibet is one of the biggest bookies worldwide. They are also ready to make a move to operate in Virginia. With a wide variety of betting options, Unibet currently offers new members a 2x $10 or $20 free bet as well as a risk free bet – worth up to $250. It’ll get Virginians kickstarted on their online sportsbook fun.
WynnBET is considered the front-running sportsbook for NASCAR fans, as WynnBET have a multi-year partnership with NASCAR. They have become the official online sportsbook for Richmond Raceway and Martinsville Speedway. Both of them are Virginia based racetracks.
That is why WynnBET has submitted their permit to operate in Virginia as one of the top sportsbooks within racing. WynnBET will support new members with a $500 risk free bet when they are ready to operate for Virginians.
This will be the most unique sportsbook on the list. ZenSports is a P2P sports betting platform, where you can bet against anyone in the world. On ZenSports, you are also eligible to use fiat currency like Dollars, Euros, etc. However, you’re also able to use cryptocurrencies like Bitcoin or Ethereum.
ZenSports will aim to enter the state of Virginia with their platform, and offer new members a bonus of $100 deposit bonus or with a referral code, which can give you up to $500 as a free play bonus!
Overall, you, as a Virginian, will have a wide variety of online sportsbooks offered to you already, but many more are potentially coming to you! So you can pick the sportsbook that suits you the best!
Sportsbetting From a Legal Perspective in Virginia
After March of 2020, Virginia sports betting was legalized, when the house of delegates voted 69-29 to pass the bill (House Bill 896 or HB 896).
Afterward, the Senate passed the bill (Senate Bill 384 or SB384) with a 27-12 vote. This means that now, the state of Virginia, is ready to take on operators for their sports betting market.
The House Bill (HB 896) will impose a 15% tax on the permit holder’s adjusted gross revenue.
From the 15% tax revenue, the state of Virginia will use 2.5% of that to help people with gambling problems, and the remaining 97.5% to fund education, infrastructure and much more.
But to work and operate on the Virginia sports betting market, one would have to obtain a permit, which will be given out by the Virginia lottery, which ended on October 31st 2020.
Although the minimum of 4 and maximum of 12 permits that will be decided by the Virginia lottery – will not include applications from online sportsbooks, who are tied with major sports franchises that have headquarters in or play in a facility located in Virginia.
Virginia sports betting market will be operated by four to 12 online sportsbooks, and FanDuel became one of the first operators in January 2021.
Online Casinos in Virginia
Virginia sports betting has taken a big step in the right direction with HB 896 and SB 384, although online casinos are still not allowed to operate in Virginia. This means that all online casinos that are offered to Virginians are not to be trusted.
But there is hope for online casinos to join with the Virginia sports betting market in the future, as neighboring states such as WV, NJ, and Pennsylvania have legalized online sportsbooks and casinos.
Online gambling in Virginia
For a very long time, the only online gambling, that was legal within Virginia sports betting, was daily fantasy sports, the lottery, and horse racing. All other gambling was illegal up until March 2020, when HB 896 and SB 384 were passed.
Only recently, online sportsbooks were ready to operate in the state of Virginia. FanDuel was the first operator on the Virginia sports betting market, and in due time – many more will follow.
Sports Events in Virginia
Virginia is one of the few states without a major franchise in the big 4 leagues (MLB, NBA, NFL and NHL). Although two of the biggest franchises, The Washington Football Team (NFL) and The Washington Capitals (NHL) have facilities in Northern Virginia.
This means that any sportsbook in collaboration with these two teams – are able to bypass the Virginia lottery and be able to work in the Virginia sports betting market without having to take a slot from other operators, who are in the Virginia lottery.
But it would still require the state of Virginia to grant a permit to the sportsbooks in affiliation with either the Washington Football Team or the Washington Capitals.
But any of the operators in the Virginia sports betting market will offer wagers on any big national sporting event such as March Madness, the Super Bowl, the NBA Finals or the Stanley Cup playoffs.
Virginia Sportsbetting FAQ
Find out more about Virginia sports betting in the section below.
Is it Legal to Bet in Virginia?
Online sportsbooks are officially legal in Virginia. Just make sure you are betting from a platform that is licensed by the state of Virginia.
What are the Betting Requirements?
To play DFS, horse racing and lottery, one must be 18 years old and a resident in Virginia. To wager on sports betting, one must be 21 years old and a resident in Virginia.
Which Betting Operators are Currently on the Virginia Sports Betting Market?
FanDuel, William Hill, BetMGM, and BetRivers.
When Did the Operators Obtain Their Permits in the State of Virginia?
Most online sportsbooks obtained their license via the Virginia lottery or applied for a license at the end of 2020. That because they were affiliated with a major sports franchise. But they weren’t officially operational before January 2021.
2021 became the year, where Virginia sports betting went live statewide. This means that America’s biggest bookies are ready to provide Virginians with great online platforms to place wagers on their favorite teams and players.
At any time and in any place, you can place a bet with your phone to get in on the action. Virginians already have the option to get great promos from bookies like William Hill, BetMGM, FanDuel, and BetRivers, but more operators are coming to give appealing offers to new members.