Virginia Lottery Sports Betting Vendor: 100381
Is Online Sports Betting Legal in Virginia?
Yes, sports betting is legal in Virginia. Gov. Ralph Northam signed a sports betting bill into law in 2020 and FanDuel became the first online sportsbook to accept sports wagers on Jan. 21, 2021. Initially, all sports betting in the state will be conducted online while brick-and-mortar casinos – which will house retail sportsbooks – are built.
Virginia bettors should stick with the growing number of legal sports betting sites in VA and avoid offshore sports betting sites. Offshore sites are illegal, unregulated, offer few safeguards for players and face no oversight in the state. All legal VA sportsbooks are regulated by the Virginia Lottery.
Legal Virginia Sportsbooks
The Virginia Lottery Board received 25 applications for sports betting permits but can initially award no more than 12. Nearly all of the major national operators are vying for a license in Virginia and three currently have a partnership in potential land-based casinos in the state. Take a look at some of the sportsbooks that already have permits in Virginia:
Draftkings is the online sports betting market leader in nearly a half-dozen states, including neighboring West Virginia. It is a powerhouse in Daily Fantasy Sports betting. The DraftKings app offers a full range of sports, in-game betting opportunities and props.
The sports betting platform of MGM Resorts continues to grow and is now available in more than a half-dozen states. BetMGM is partnered with the Washington Nationals to allow sports betting at the nearby Nationals Park. The BetMGM sportsbook app offers a huge range of sports, in-game options and promotions.
BetRivers offers online sports betting in seven states and is the market leader in home state of Illinois. Plenty of promotions and convenient payment methods are offered. The BetRivers sports betting app is straightforward and easy to navigate.
William Hill Sportsbook
This leading global operator agreed to be purchased by Caesars Entertainment in 2020, uniting two gambling/sports betting giants. The William Hill sportsbook app offers sports gambling in more than a dozen states across the country and is the leading online sports betting operator in Nevada by a wide margin. It operates online and retail sports betting in neighboring Washington D.C., too.
Fanduel received the state’s first sports betting permit on Jan. 20 and began taking wagers the following day. It is a dominant player in online sports betting and Daily Fantasy Sports. It serves as the market leader in New Jersey and Pennsylvania, two of the top sports betting states in the U.S. market. The FanDuel app is easy to use and offers multiple betting options on every major sport.
How Online Sports Betting Works in Virginia
Before you sign up for an account, be sure to read our reviews of recommended Virginia sports betting sites and check out the welcome offers. Found one or two you like? Great. Signing up is a breeze and can be done from anywhere in the country – though you will have to be physically in Virginia to place bets.
Click on the "Visit Site" link for one of the sportsbooks mentioned above and you will be taken to the operator's website. Click on “create an account” or “register” (the wording can be different depending on the site), and you will be prompted to create a user name and password.
Be prepared to share some personal information such as your name, date of birth, email address, physical address, phone number, and at least the last four digits of your Social Security number. All of this information is required by state regulators and used to confirm both your identity and to protect against underage gambling. You may also be asked for a state-issued ID or passport.
When your information is submitted and verified, your account is created. You will also be required to download geolocation software that is used to confirm you are in VA when betting.
All online sportsbooks in Virginia have apps for both iOS and Android, which are available either as a download from the operator or at the Apple or Google store.
In-Game Wagering and Live Betting
In-game wagering is rapidly becoming one of the most popular ways to bet on sports and is 100% legal in Virginia for all sports other than college sports. Sportsbooks offer live odds on such things as the moneyline, spread, total and even props while a game is in progress. How do they update the lines in real time? The operators use computer algorithms. It’s a great way to stay engaged in a game.
Sports You Can Bet On Right Now
Virginia law allows betting on pro and college sports events, with some restrictions on college athletics. You cannot bet on in-state schools such as Virginia, Virginia Tech, Old Dominion or Richmond, and live betting and prop betting is banned on all college competitions. Other than that, you will find both popular and niche betting options, ranging from the NFL, NBA, NHL, MLB, college football and basketball to golf, soccer (all the major European leagues!), motorsports, MMA/UFC, boxing, tennis, cycling, cricket and more.
NFL Betting in Virginia
The NFL is the king of US sports betting, and that will certainly be the case in Virginia as the Washington Football Team enjoys a loyal following despite its ups and downs. NFL bettors can wager on every NFL game in just about every imaginable way – from regular moneyline and spread bets to player and team props. Futures betting, including who will win the next Super Bowl or capture the NFC East, is also available.
College Football Betting in Virginia
Just like with college basketball, there are restrictions on betting college football in Virginia, but that doesn’t mean you can't bet on the scores of other games on a typical Saturday in the fall or on the dozens of bowl games come December.
NBA Betting in Virginia
Among the major sports, NBA is typically the second choice, and Wizards fans will have a full range of betting options available, including point spread, moneyline, totals and prop bets, for for all NBA games. A robust futures market offers such bets as NBA title odds and odds on whether the Wizards make the playoffs.
College Basketball Betting in Virginia
You can bet on college basketball games and futures in Virginia, just not on any team located in-state or on any game involving an in-state team. That means no wagers on the Cavaliers winning another NCAA title. No live betting or prop betting either.
MLB Betting in Virginia
The Washington Nationals electrified fans in the region, including in Virginia, with their 2019 World Series title. Think they will do it again? You can bet World Series futures in Virginia, as well as player prop futures such as the next National League Cy Young award winner. You can also bet on every game with such bets as the moneyline, the run line (like the puck line it is +/- 1.5) and totals as well as prop bets.
NHL Betting in Virginia
The Washington Capitals are the NHL team most Virginia fans follow, and there are futures (Stanley Cup odds) as well as plenty of game-to-game bets available. NHL betting on the moneyline is most common, though some like to dabble in the “spread,” which is known as the puck line and is always set at -1.5 or +1.5 (which is known as the reverse puck line).
How to Deposit Money and Cash Out Winnings
Depositing cash and withdrawing winnings from your VA online sportsbook account should be a stress-free process. While methods vary from operator to operator, typically you will find many of these options for depositing:
PayPal and other e-wallets such as Skrill and Neteller; credit/debit cards; Play+, which is a prepaid card you can fund with a bank account or credit card and use at multiple sites; ACH/bank/wire transfers; PayNearMe; and, when they are built, cash at the casino cage of affiliated casinos.
Deposits can be instant depending on the method chosen.
Withdrawal options will always be more limited (you typically can’t withdraw funds to a credit card) and there is typically a 3- to 5-day waiting period before it will be processed. Once the waiting period is over, some methods are faster than others (PayPal and Play+ are fastest). Other common options include an electronic check or paper check mailed to you (which is the slowest method).
Virginia Sports Betting Revenue
Given the size of the state and the passionate professional sports fans' base, officials are optimistic that sports betting handle and revenue will grow quickly. It might take a few months to get a better sense of the trajectory, but given the huge number of sign-ups and more sports betting sites on the horizon, things look promising in Old Dominion.
Virginia Monthly Sports Betting Revenue
Virginia sports betting is off to a big start. The state drew $304.1 million in sports betting handle in March 2021, just its second full month of live legal sports betting.
The following two months were lower (that's typical nationwide after March Madness) but still topped at least $225 million in both April and May.
Virginia Sports Betting FAQ
Bettors must be 21 or over to bet on sports in Virginia.
Sports betting is available through mobile and online platforms. FanDuel was the first operator to launch, with several others following as additional licenses are awarded.
Yes. A sports betting account can be set up from any state, but bettors must be physically inside Virginia state lines to place a wager. Online sportsbooks use geofencing technology to track your location.
Nearly every major pro and college sport. The exceptions are college games involving Virginia based-teams, and prop bets and in-game betting on all college games.
Yes. Virginia allows pari-mutuel wagering, historical racing electronic gaming devices and operates a state lottery. Casino gambling is on the way – voters recently approved casino referendums in four regions of the state. A fifth referendum in Richmond is expected in 2021.
Betting with offshore sites is not legal or safe. Offshore sports betting sites operate without regulation or oversight and may shut down abruptly, putting your account funds at risk with no recourse.
The Virginia Lottery Board regulates sports betting in Virginia.
All gambling winnings are subject to federal and Virginia income state tax. Virginia sportsbooks may withhold a percentage of winnings if the payoff meets a certain threshold.
Applicants were required to file a sports betting operator application during a two-week period in October 2020. Each successful applicant pays a $250,000 application fee for an initial three-year term. The state taxes sports betting revenue at 15%.
The state tax rate on sportsbook operators is 15%, which is higher than some states but by no means the highest.
Chet Fussman is a writer for VirginiaIsForBettors.com. Fussman is a former horse racing writer and longtime sports editor of the Florida Times-Union in Jacksonville. He's a poker and blackjack player and frequent sports bettor, who plans to send the U.S. Supreme Court a thank-you card for clearing the way for states to adopt sports wagering. Fussman's philosophy: Don't let the bad beats overshadow your winning ones.