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Best betting sites in Virginia

  • Bally Bet Virginia
  • Barstool Virginia
  • Bet365 Virginia
  • Betfred Virginia
  • BetMGM Virginia
  • Betway Virginia
  • Caesars Virginia
  • Hard Rock Virginia
  • Sports Illustrated Virginia
  • Unibet Virginia
๐Ÿ“‹ Betting site: DraftKings Virginia
๐Ÿ… Welcome promo: $200 Bonus Bets
๐Ÿ“ฑ Has mobile app: Yes
๐Ÿ“… Live in Virginia since: 2021
DraftKings Virginia

DraftKings Virginia

DraftKings Virginia, a leading sports betting site, launched its operations in the state in January 2021. Though it lacks a physical location, DraftKings offers a vast selection of sports markets and betting options to cater to various preferences. The site is known for its user-friendly interface, live betting, and daily fantasy sports offerings. DraftKings Virginia also provides numerous promotions and bonuses for both new and existing users.

BetRivers Virginia

BetRivers Virginia

BetRivers Virginia launched in January 2021, offering bettors a wide array of sports markets and wagering options. In addition to its online platform, BetRivers Virginia has a retail partner at the Rivers Casino in Portsmouth, providing in-person betting opportunities. The site features live betting, expert analysis, and various promotions for both new and existing users. BetRivers Virginia’s user-friendly platform ensures a seamless and enjoyable betting experience for all users.

๐Ÿ“‹ Betting site: BetRivers Virginia
๐Ÿ… Welcome promo: $500 in Free Bets
๐Ÿ“ฑ Has mobile app: Yes
๐Ÿ“… Live in Virginia since: 2021
๐Ÿ“‹ Betting site: PointsBet Virginia
๐Ÿ… Welcome promo: $250 in Second Chance Bets
๐Ÿ“ฑ Has mobile app: Yes
๐Ÿ“… Live in Virginia since: 2021
PointsBet

PointsBet Virginia

PointsBet Virginia, a sports wagering site known for its unique PointsBetting system, entered the Virginia market in December 2021. It does not have a physical betting location in the state. PointsBet offers an extensive selection of sports markets and betting types. The site’s user-friendly interface and innovative betting options, including in-play wagering, make it an attractive choice for bettors.

FanDuel

FanDuel Virginia

FanDuel Virginia joined the sports betting market in January 2021, quickly becoming a popular choice among bettors for its diverse range of sports markets and wagering options. Without a retail sportsbook, FanDuel Virginia focuses on providing a top-notch online sports betting experience, including live betting and same-game parlays. The site’s user-friendly platform and various promotional offers cater to the needs of both new and experienced bettors.

๐Ÿ“‹ Betting site: FanDuel Virginia
๐Ÿ… Welcome promo: $1000 in Bonus Bets
๐Ÿ“ฑ Has mobile app: Yes
๐Ÿ“… Live in Virginia since: 2021
๐Ÿ“‹ Betting site: Bally Bet Virginia
๐Ÿ… Welcome promo: No Bonus
๐Ÿ“ฑ Has mobile app: Yes
๐Ÿ“… Live in Virginia since: 2021
Bally Bet

Bally Bet Virginia

Launched in Virginia in November 2021, Bally Bet is a sports betting site that provides users with a wide range of betting markets and competitive odds. Although Bally Bet lacks a retail betting venue in Virginia, its betting website allows bettors to place wagers on various professional and collegiate sports events. This sports wagering site offers a user-friendly interface and frequently updates its odds, ensuring a seamless betting experience for users.

Barstool Icon

Barstool Virginia

Barstool Virginia entered the sports betting scene in August 2021. As a prominent betting operator, Barstool offers an extensive selection of sports markets and wagering options. Despite not having a physical betting location in the state, Barstool Virginia focuses on providing its customers with a comprehensive online sports betting experience. The site features in-depth statistics, live betting options, and engaging promotions for both new and existing users.

๐Ÿ“‹ Betting site: Barstool Virginia
๐Ÿ… Welcome promo: Up to $1000 New Player Bonus
๐Ÿ“ฑ Has mobile app: Yes
๐Ÿ“… Live in Virginia since: 2021
๐Ÿ“‹ Betting site: Bet365 Virginia
๐Ÿ… Welcome promo: $200 in Bonus Bets
๐Ÿ“ฑ Has mobile app: Yes
๐Ÿ“… Live in Virginia since: 2023
Bet365 Icon

Bet365 Virginia

Bet365 Virginia, a well-known betting site, started its operations in Virginia in January 2023. With an extensive selection of sports markets, Bet365 caters to various betting preferences. Although it does not have an in-person betting venue, the betting operator is renowned for its live streaming and in-play wagering features. Bet365 Virginia maintains a user-friendly platform that allows bettors to enjoy a seamless sports betting experience.

Betfred Icon

Betfred Virginia

In February 2023, Betfred Virginia joined the state’s sports betting market. As a reputable sports betting site, Betfred offers a wide array of wagering options and betting markets. While it lacks a physical location, the site provides bettors with unique features such as cash-out options and customized bet builders. Betfred Virginia also offers valuable resources, including expert betting tips and up-to-date sports news, to enhance the betting experience for its users.

๐Ÿ“‹ Betting site: Betfred Virginia
๐Ÿ… Welcome promo: Bet $50 Get $1111 in Free Bets
๐Ÿ“ฑ Has mobile app: Yes
๐Ÿ“… Live in Virginia since: 2021
๐Ÿ“‹ Betting site: BetMGM Virginia
๐Ÿ… Welcome promo: $1000 Risk-Free Bet
๐Ÿ“ฑ Has mobile app: Yes
๐Ÿ“… Live in Virginia since: 2021
BetMGM Icon

BetMGM Virginia

BetMGM Virginia made its debut in the sports betting market in January 2021. As a prominent sports wagering site, BetMGM offers a vast range of sports markets and betting options. It does not have a physical betting location in the state. BetMGM Virginia focuses on providing bettors with a comprehensive online experience, including live betting and same-game parlays. Users can also benefit from the site’s loyalty program and various promotional offers.

Betway Icon

Betway Virginia

Launched in May 2022, Betway Virginia has become a popular destination for sports enthusiasts looking for a reliable betting website. Although it does not have a retail sportsbook in VA, Betway Virginia provides users with an extensive selection of sports markets and competitive odds. The site features in-play betting, as well as a range of betting tools such as bet builders and cash-out options, enhancing the overall betting experience for its customers.

๐Ÿ“‹ Betting site: Betway Virginia
๐Ÿ… Welcome promo: Up to $250 Free Bet
๐Ÿ“ฑ Has mobile app: Yes
๐Ÿ“… Live in Virginia since: 2022
๐Ÿ“‹ Betting site: Caesars Virginia
๐Ÿ… Welcome promo: Up To $1500 Bonus Bet
๐Ÿ“ฑ Has mobile app: Yes
๐Ÿ“… Live in Virginia since: 2021
Caesars Icon

Caesars Virginia

Caesars Virginia entered the sports betting scene in January 2021. As a well-established betting operator, Caesars offers a wide variety of sports markets and wagering options. It lacks a retail venue in Virginia, unfortunately. Caesars Virginia focuses on providing users with a top-notch online sports betting platform. The site offers live betting opportunities, a user-friendly interface, and a comprehensive list of promotions and bonuses for both new and existing users.

Hard Rock Icon

Hard Rock Virginia

Hard Rock Virginia launched its sports betting site in May 2022, providing bettors with a diverse selection of sports markets and betting types. In addition to its online platform, Hard Rock Virginia has a retail partner at the Hard Rock Hotel and Casino in Bristol, offering in-person betting options. The site features valuable resources such as live betting, expert analysis, and a range of promotional offers that cater to the needs of both new and experienced bettors.

๐Ÿ“‹ Betting site: Hard Rock Virginia
๐Ÿ… Welcome promo: $1000 Bonus Bet
๐Ÿ“ฑ Has mobile app: Yes
๐Ÿ“… Live in Virginia since: 2022
๐Ÿ“‹ Betting site: SI Virginia
๐Ÿ… Welcome promo: Bet $20 win $200 in Free Bets
๐Ÿ“ฑ Has mobile app: Yes
๐Ÿ“… Live in Virginia since: 2022
Sports Illustrated Icon

Sports Illustrated Virginia

Sports Illustrated Virginia, a sports betting site with a reputable brand, started its operations in the state in May 2022. Although it lacks a physical location, this betting operator provides users with a wide range of sports markets and betting options. Sports Illustrated Virginia’s platform features a user-friendly interface, live betting opportunities, and an array of promotions for new and existing customers, ensuring an engaging sports wagering experience.

Unibet Icon

Unibet Virginia

Unibet Virginia entered the sports betting market in April 2021, offering bettors a comprehensive selection of sports markets and wagering options. It does not have a retail sportsbook in VA at the moment. Unibet Virginia is known for its easy-to-navigate betting website and competitive odds. The site provides various features such as in-play betting, cash-out options, and up-to-date statistics to enhance users’ betting experiences.

๐Ÿ“‹ Betting site: Unibet Virginia
๐Ÿ… Welcome promo: $100 Bonus Bet
๐Ÿ“ฑ Has mobile app: Yes
๐Ÿ“… Live in Virginia since: 2021

Yes, online sports betting is legal in the state of Virginia. It was legalized in January 2021, and there are currently 15 online betting sites available in Old Dominion including famous brands like DraftKings, FanDuel and PointsBet.

Anyone in the state of Virginia that is over the age of 21 can legally register for a betting site and start placing bets online.

Is online sports betting legal in Virginia?

Overview of Virginia sports betting

Sports betting legal since: 2020
Number of online betting sites: 15
Number of retail sportsbooks: 1
Governing body: the Virginia Lottery
Legal age to bet: 21
Total betting handle for 2022: $4.9 billion

Placing bets is more than just about predicting who will win and who will lose. I can also be about predicting how the teams will play and even how an individual player will perform.

Here is a rundown of the most popular bet types you’ll come across when betting online in VA:

  • Spread betsย โ€“ When you place a spread bet, youโ€™re predicting the gameโ€™s outcome based on the accuracy of your wager rather than the simple โ€œwin or loseโ€ type of situation. This is unlike simpler betting types such as parimutuel gambling or fixed odds betting.
  • Moneyline bets โ€“ If youโ€™re new to sports betting, then chances are your first bet will be a Moneyline bet. When you place this wager, youโ€™re determining two or three outcomes in a game, depending on the sport. For example, if there are two players in a tennis match, your Moneyline bet will be choosing which one of the two will win
  • Parlay betsย โ€“ When you place a parlay bet, you are wagering two or more bets that are connected to each other. These are then combined to make one bet that has a higher payout. However, all the predictions must win in order for the bets to win and for you to get a cash-out. Itโ€™s a risky type of bet that can potentially pay out quite a lot.
  • Middle bets โ€“ If youโ€™re unsure which way a game will go, a middle bet could be the answer. This is a wagering strategy where you place a bet on both sides of the same bet, but at different lines. The goal is to try to win both, but youโ€™re ensuring that at least one of the bets will win.
  • Teaser betsย โ€“ When you place a teaser bet, youโ€™re basically combining one bet across two games. You can adjust the point spreads for the matches. The downside is that youโ€™re going to get a low return on your bets if you win. Basketball and football fans usually opt for this type of betting strategy.
  • Points spread betsย โ€“ One of the most popular types of betting is points spread bets. When you use this betting strategy, your main goal is the create an opportunity to bet more on a team in a game by taking a look at their strength against each other. A projected margin of victory helps to even out the playing field, so to speak, based on spreading the bets across scores.

How to bet on sports online in Virginia

To get started when you decide to bet on sports online, you need to choose a genuine and legitimate sportsbook in Virginia and register an account. Below, we give you a step-by-step guide on how to get started:

  1. Find a legit online sports betting site in Virginia โ€“ On the top of this page, we have listed all of the best online sports betting sites in Virginia. If you see an operator with an attractive bonus or other attractive features, visit the website and start creating your account.
  2. Register your details โ€“ When you register, youโ€™ll be asked to provide information such as your name, your preferred username, and your email address. In addition to this, youโ€™ll need to verify some of your information.ย  Youโ€™ll also have to allow the sports betting website or app to access your location through your deviceโ€™s geolocator.
  3. Use a promo code if you have one to claim a bonus โ€“ย  You may be asked for a promo code during the signup process in order to activate the welcome bonus for new players. Make sure you opt-in by activating the bonus with your promo code.
  4. Start betting โ€“ With your new bonus activated and your deposited funds, you can start making bets. Find your preferred markets and check out the odds before creating your first betting slip.

How to determine the best betting site in Virginia

There are now many online sports betting sites available to Virginia residents. However, choosing the right sports betting site can be a daunting task. To help you make an informed decision, here are some factors to consider when choosing a sports betting site in Virginia:

  • Reputation: Look for a sports betting site with a good reputation in the industry. Read reviews and check out ratings from other users to determine if the site is trustworthy.
  • Licensing: Only choose sports betting sites that are licensed and regulated by the Virginia Lottery. This ensures that the site is operating legally and that your personal and financial information is secure.
  • Betting options: Consider the variety of sports and betting options available on the site. Some sites specialize in specific sports, while others offer a wide range of options for different sports and events.
  • Bonuses and promotions: Look for sports betting sites that offer generous bonuses and promotions to new and existing users. This can include welcome bonuses, free bets, and ongoing promotions.
  • User experience: Consider the ease of use and functionality of the sports betting site. Look for sites with intuitive interfaces and mobile-friendly options.
  • Payment options: Check the available payment methods and ensure that the site accepts your preferred payment method. Look for sites that offer fast and secure deposits and withdrawals.
  • Customer support: Choose a sports betting site with responsive and helpful customer support. Look for sites with multiple support channels, such as email, phone, and live chat.
  • Responsible gambling: Ensure that the sports betting site promotes responsible gambling and offers tools and resources to help users manage their gambling habits.

Should I wager on multiple betting sites?

As online sports betting gains popularity in Virginia, it’s becoming increasingly common for bettors to use multiple sports betting sites to maximize their potential winnings. Betting on multiple platforms offers several benefits, including:

  • Increased odds: When betting on sports, the odds can vary significantly between different sports betting sites. By shopping around for the best odds on a given event, bettors can increase their potential payout if their bet is successful. For example, if one site offers odds of +200 on a particular outcome, while another site offers odds of +250, betting on the latter site can result in a significantly higher payout if the bet is successful. Using multiple sports betting sites allows bettors to compare and contrast the odds offered by each platform, and choose the site that offers the most favorable odds for a particular bet.
  • Access to promotions: Sports betting sites frequently offer promotions such as free bets or deposit matches to entice new users. By signing up for multiple sites, bettors can take advantage of these promotions multiple times. For example, a bettor may receive a $100 free bet for signing up for a new sports betting account. If the bettor signs up for three different sports betting sites and takes advantage of this promotion on each platform, they will have $300 in free bets to use. This can help increase their potential winnings without risking any of their own money.
  • Diversification of bets: Different sports betting sites may offer different types of bets or unique features that can enhance a bettor’s overall experience. By using multiple sites, bettors can diversify their betting portfolio and potentially increase their overall success. For example, one sports betting site may offer live betting, while another site may offer prop bets or futures bets. By using multiple sites, bettors can access a wider range of betting options and tailor their bets to their specific interests and knowledge.
  • Risk management: Betting on multiple platforms can also help bettors manage their risk by spreading out their bets across different sites. This can help mitigate losses if a particular site or bet does not perform as expected. For example, if a bettor places a bet on one site that ends up losing, but also places a bet on another site that ends up winning, the overall impact of the loss is minimized. This can help bettors stay in the game and continue to make profitable bets.
  • Increased flexibility: With multiple sports betting accounts, bettors have the flexibility to choose the platform that offers the best odds or promotions for a particular event or bet. This allows bettors to tailor their betting strategy to their specific needs and preferences. For example, if a bettor wants to place a bet on a particular football game, they can compare the odds and promotions offered by different sports betting sites and choose the one that best suits their needs. This can help bettors maximize their potential winnings while minimizing their risk.

How to calculate and pay the taxes from betting winnings in VA?

Calculating taxes on sports betting winnings in Virginia is an important step for any sports bettor who wants to avoid legal troubles. To determine the amount of taxes you need to pay, you first need to understand the tax laws that apply to sports betting in Virginia.

Under Virginia state law, gambling winnings are subject to taxation. This means that any profits made from sports betting, including online and mobile betting, must be reported as taxable income on your state and federal tax returns.

The tax rate on gambling winnings in Virginia is a flat 4% of your total winnings. For example, if you won $10,000 from sports betting in Virginia, you would owe $400 in state taxes. However, it’s important to note that you may also be required to pay federal taxes on your winnings, depending on your overall income level and tax bracket.

To calculate the taxes you owe on your sports betting winnings in Virginia, you should keep detailed records of all your betting activity, including wins and losses. You may also want to consult with a tax professional or use tax preparation software to ensure that you accurately report and pay the correct amount of taxes on your gambling profits.

Virginia’s most favored sports

Many online sports betting sites are available to residents of Virginia, offering a wide range of sports to bet on. Here are some of the most popular sports that people bet on in Virginia:

  • Football: The NFL is one of the most popular sports to bet on, with many people placing wagers on everything from the point spread to the over/under on total points scored in a game. In Virginia, there are no professional football teams, but many people support nearby teams like the Baltimore Ravens or the Washington Football Team.
  • Basketball: The NBA is also popular among sports bettors, with many people placing bets on the point spread, moneyline, and other types of bets. Virginia has one NBA team, the Washington Wizards, located just outside of the state in Washington D.C.
  • Baseball: Baseball is a popular sport to bet on, particularly during the summer months when the MLB season is in full swing. Many people bet on the moneyline, run line, and other types of bets. Virginia does not have a professional baseball team, but the nearby Baltimore Orioles and Washington Nationals have many fans in the state. Additionally, Virginia is home to several minor league baseball teams, including the Richmond Flying Squirrels and the Norfolk Tides.
  • Hockey: The NHL is popular among sports bettors, with many people placing bets on the moneyline, puck line, and other types of bets. Virginia does not have a professional hockey team, but the nearby Washington Capitals have many fans in the state. Additionally, Virginia is home to several minor league hockey teams, including the Norfolk Admirals and the Roanoke Rail Yard Dawgs.
  • Soccer: Soccer is a global sport that is gaining popularity in the United States, and many people bet on the English Premier League, MLS, and other leagues around the world. Virginia does not have a professional soccer team, but the nearby D.C. United have many fans in the state. Additionally, Virginia is home to several semi-professional and amateur soccer teams, including the Richmond Kickers and the Virginia Beach City FC.
  • Tennis: Tennis is a popular individual sport to bet on, particularly during major tournaments such as Wimbledon and the US Open. Virginia is home to the annual Citi Open tennis tournament, which is held in Washington D.C. and features some of the top players in the world.
  • Golf: Golf is another popular individual sport to bet on, particularly during major tournaments such as The Masters and the US Open. Virginia is home to several golf courses and resorts, including the historic Homestead Resort in Hot Springs.
  • UFC/MMA: The popularity of UFC/MMA has grown in recent years, and many people bet on these events, particularly on the outcome of specific fights and the method of victory. Virginia does not have any professional MMA promotions based in the state, but several UFC events have been held in Virginia in the past.
  • Horse racing: Horse racing is a popular betting option in Virginia, particularly during major events such as the Kentucky Derby and the Breeders’ Cup. Virginia is home to several horse racing tracks, including Colonial Downs in New Kent County and the Virginia Horse Center in Lexington.

Retail betting locations and partnerships

Retail betting locations have become a recent addition to the gambling scene in Virginia, providing customers with a physical venue to place their bets on various sports events. These locations are authorized by the Virginia Lottery and are required to adhere to strict regulations to ensure fair and responsible gambling practices.

At the moment, there are only two retail betting locations open in Virginia:

  • Hard Rock Sportsbook at Hard Rock Hotel and Casino Bristol: This location offers a state-of-the-art sports betting experience with numerous high-definition screens displaying the latest odds and live games. Customers can place bets on various sports, including football, basketball, baseball, and more. The betting section also features a VIP area and a full-service bar.
  • BetRivers Sportsbook at Rivers Casino Portsmouth: This betting venue is located inside the Rivers Casino Portsmouth and offers customers a wide selection of betting options on various sports. The section is equipped with numerous screens displaying live games and odds, and customers can enjoy food and drinks from the adjacent lounge while they place their bets.

It’s important to note that retail betting locations are subject to change, and new locations may open up in the future as the Virginia gambling industry continues to grow.

Laws and regulations to consider when betting in VA

To ensure a fair and transparent industry, sports betting is governed by laws and regulations that protect both operators and consumers. Here are some important laws and regulations regarding sports betting in Virginia:

  • Virginia sports betting laws – This took effect in July 2020 and legalizes sports betting in Virginia. It outlines the eligibility requirements for operators to obtain licenses from the Virginia Lottery, such as their financial stability and background checks.
  • Virginia Lottery regulations – The Virginia Lottery is responsible for regulating sports betting in the state. It has established rules and regulations that operators must follow to ensure the integrity of the industry. These regulations cover areas such as player protection, responsible gaming, and fair play.
  • Online and mobile sports betting laws – Virginia law permits online and mobile sports betting, but bettors must be physically located within the state’s borders to place bets. This means that out-of-state residents cannot place bets in Virginia, even if they are physically present in the state.
  • Official league data requirement – Wagering companies in Virginia are required to use official league data to settle in-game wagers. This is to ensure the accuracy and fairness of betting outcomes. If operators wish to use alternative data sources, they must demonstrate to the Virginia Lottery that these sources are reliable and accurate.
  • Responsible gaming regulations – Virginia law requires sports betting operators to implement responsible gaming measures. These include providing tools such as self-exclusion options and deposit limits to help consumers gamble responsibly. Operators must also undergo regular audits to ensure compliance with these regulations.
  • Virginia college sports betting prohibition – Virginia law prohibits betting on college sports involving teams from the state or any Virginia college or university. This is to protect the integrity of college sports and prevent any potential conflicts of interest.
  • Sports betting license fee – Sports betting companies must pay a $250,000 license fee to obtain a license from the Virginia Lottery. This fee is non-refundable and must be paid annually.
  • Minimum age requirement – The minimum age for betting on sports in Virginia is 21 years old. Operators must verify the age of all players to prevent underage gambling.
  • Sports betting taxation – Virginia law imposes a 15% tax on sports betting revenue. The revenue generated from this tax is used to fund education, infrastructure, and problem gambling treatment programs. This helps to mitigate any negative effects of gambling on the community.

It’s important to note that retail betting locations are subject to change, and new locations may open up in the future as the Virginia gambling industry continues to grow.

Virginia sports teams to bet on

Sports betting is a popular pastime in Virginia, with many people placing wagers on various sports teams throughout the state. Our list below will focus on professional and semi-professional sports teams in the state that are worth considering when placing your bets:

  • Richmond Kickers FC: This professional soccer team is based in Richmond, Virginia and competes in the USL League One. Founded in 1993, the team has a strong following among soccer fans in Virginia. They have a record of 18 playoff appearances and two championships. The team has a history of success and often outperforms their opponents, making them a smart pick for soccer betting enthusiasts.
  • Norfolk Tides: The Tides are a Triple-A affiliate of the Baltimore Orioles and play in the International League. Based in Norfolk, Virginia, the team has a loyal fan base and is considered a solid bet in baseball. The team has won multiple championships in their league and has produced several MLB players over the years. Their consistent performance and strong track record make them a safe bet for baseball betting enthusiasts.
  • Virginia Beach Mariners: This soccer team is based in Virginia Beach and plays in the National Premier Soccer League. Founded in 2006, the team has a history of success, making them a good pick for soccer betting enthusiasts. The team has won multiple championships and has a strong roster of talented players.
  • Roanoke Rail Yard Dawgs: This minor league ice hockey team is based in Roanoke, Virginia and is a member of the Southern Professional Hockey League. Founded in 2016, the team has been known to surprise opponents with unexpected wins, making them a risky but potentially lucrative bet. The team’s impressive record includes a division championship and a Commissioner’s Cup.
  • Virginia Destroyers: The Destroyers are a professional football team that plays in the United Football League. Founded in 2011, the team is based in Virginia Beach and has a strong record of success, making them a popular choice for football betting fans in Virginia. The team won the UFL Championship in their inaugural season and has a roster of talented players.
  • Loudoun United FC: This professional soccer team is based in Leesburg, Virginia and competes in the USL Championship. Founded in 2018, the team is affiliated with D.C. United and has a strong roster of players. The team’s consistent performance and talented players make them a safe bet for soccer enthusiasts.

History of VA sports betting

In Virginia, the legalization of sports betting is a recent development, and it has been met with a flurry of activity in the industry. Here is a timeline of key events in the history of sports betting in Virginia:

  • May 2018: The Supreme Court strikes down PASPA, giving states the ability to legalize and regulate sports betting.
  • March 2019: The Virginia General Assembly passes a bill to study the issue of sports betting in the state.
  • November 2019: The Joint Legislative Audit and Review Commission releases a report recommending that Virginia legalize sports betting.
  • April 2020: Governor Ralph Northam signs a bill into law legalizing sports betting in Virginia.
  • September 2020: The Virginia Lottery Board approves regulations for sports betting in the state.
  • January 2021: The Virginia Lottery Board begins accepting applications for sports betting licenses.
  • January 2021: FanDuel becomes the first betting site to launch in Virginia.
  • April 2021: BetMGM, DraftKings, and several other operators launch in Virginia.
  • November 2021: Virginia surpasses $1 billion in sports betting handle since its launch earlier in the year.
  • December 2022: Virginia reaches $4.9 billion in handle for 2022, with sixteen wagering sites already live.

FAQ

What are the taxes on betting winnings in Virginia?

Players in Virginia are obligated to pay both federal and state taxes on their sports betting winnings. All gambling winnings are subject to a 24% federal tax and Virginia's state tax ranges from 2%-5.75%, depending on what you earn per year.

Do online sports betting sites in VA require ID verification?

Yes, all online sports betting sites in VA require ID verification. They need you to complete the Know Your Customer (KYC) process where you verify your identity and your age. Youโ€™ll also need to provide the last 4 digits of your social security code to complete the verification process.

What payment methods can I use to bet on sports online in Virginia?

Each betting site in Virginia has its own list of payment methods that you can use. However, youโ€™re most likely to find common methods such as VISA and Mastercard, as well as e-wallets like PayPal and Venmo.

What is the legal online sports betting age in VA?

The legal age to bet on sports in Virginia is 21 years old. When you register with an online sports betting site, youโ€™ll be required to confirm your age by providing an identity document such as a Driver's License or a government-issued ID.

Can I bet on college sports in Virginia?

Players in Virginia are allowed to bet on college sports, but not on in-state college teams. This means that you can't bet on any game where teams like the Virginia Tech Hokies, University of Richmond Spiders, or James Madison Dukes are involved.

Who regulates online sports betting in VA?

The Virginia Lottery regulates online sports betting in Virginia. They are in charge of overseeing all licensed Virginia betting sites to make sure they are following regulations.ย Furthermore, it is in charge of assessing applications submitted by new sports betting sites operators and issuing licenses.

What is the revenue of Virginia sports betting?

In 2022, Virginia took in $347.7 million in revenue from sports betting. This figure is expected to rise in 2023, as the second half of 2022 saw a strong performance for sportsbooks in the state compared to earlier in the year.