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Virginia's Latest Sports Betting Highlights
Virginia Approves Sports Betting Regulations and Opens for Sportsbook ApplicationsSeptember 14, 2020
At long last, the Virginia Lottery Board approved sports wagering regulations after nearly two months of public forum. Sportsbook operators can apply for one of 12 Virginia licenses between October 15 and October 31, and regulators will consider applications for up to 90 days. That would launch sports betting in Virginia sometime in January 2020. Professional leagues did get a surprise win when they were granted data access in the Virginia Lottery decision.
Virginia Releases Initial Proposed Regulations for Sports BettingJuly 15, 2020
Now that Virginia has legalized sports betting, the Virginia Lottery Board has only until September 15 to build and approve regulations. Initial regulations stipulate that Virginia will have between four and 12 sportsbooks along with a 15% tax rate. The state also legalized casino gaming, giving the state five casinos, which are also eligible to apply for the 12 sports betting licenses. The board also introduced a Virginia Sports Bettors' Bill of Rights.
Virginia Officially Legalizes Sports WageringApril 29, 2020
Sports betting is officially legal in the state of Virginia! After some mostly administrative recommendations from Virginia Governor Ralph Northam, the state approved both SB 384 and HB 896 as law. Sports betting officially becomes legal on July 1, but Virginians won't be able to wager just yet. The Virginia Lottery Board will then have until September 15 to complete regulations with a targeted launch of late 2020.
Expected Virginia Sports Betting Sites & Apps [August 2020]
Virginia could have a maximum of 18 sports betting licenses available — 12 online operators, up to five in-person casinos, and one for a relocating sports franchise.
It will also have somewhat reasonable fees for operators to enter the market ($250,000 for three years) and a favorable tax rate (15%). So you can expect national players like FanDuel and DraftKings to be present, plus plenty of others.
The Virginia Lottery is required to “issue a number of permits that will maximize tax revenue collected pursuant to the bill,” so there will be no shortage of big-time operators there.
Here’s a list of who we expect to have a sports betting site and app in Virginia.
How Virginia Sports Betting Compares
We graded Virginia on its sports betting bill and experience relative to other states.
Mobile Betting Options: TBD
We'll update VA's mobile grading as more information is available.
We'll have to see how deposits are set as the sports betting market takes shape.
Fair Pricing: TBD
Fair pricing evaluation is still pending in VA, but at least there will be competition across sportsbook.
Sport Offerings: TBD
We don’t know exactly what sports will be offered as betting options in Virginia yet, so we're waiting to grade.
The Deal With In-Person Sports Betting in VA
Virginia is one of nine states in the U.S. without commercial or tribal casinos. Sports betting operators don't need to be tied to a brick-and-mortar casino to operate.
Virginia's bill did specify that five cities -- Richmond, Norfolk, Danville, Portsmouth and Bristol -- can build casinos and sportsbooks.
What each city does remains to be seen: they will vote on that this fall.
Virginia Gov. Ralph Northam wanted NASCAR tracks Martinsville and Richmond Raceway included in the sports betting landscape.
He pushed these tracks to launch their own sportsbooks or partner with an existing operator.
The bill also allows a sports franchise that relocates to the state to have sports betting in its stadium.
When might this apply? The Redskins might be headed to Virginia when their lease at FedEx Field in Andover, Md., expires in 2027.
All in all, don't expect in-person sports betting in Virginia for a while.
Virginia Sports Betting FAQ
When Will Sports Betting Be Live in Virginia?
Can I Bet on Sports Online in Virginia?
Can I Use FanDuel Sportsbook in Virginia?
What Sports Can I Bet on in Virginia?
- No betting on Virginia-based college teams. New Jersey is the other state with this carveout, and it hasn’t hurt the state much from a revenue perspective. But it is a bummer for anyone who’s a fan of one of the four FBS football teams or 14 Division I men’s basketball teams in the state.
- No live betting on any college sports.
- No betting on college player props.
Who Runs Virginia Sports Betting?
Sports Betting for Virginia Beginners
New to sports betting? Awesome, it's not too early to start studying! Check out our 11 sports betting tips for beginners so you can get started on the right foot in VA.
Sports Betting Glossary
Sports betting has a language of its own that you’ll want to get familiar with if you’re new to the space. Get up to speed here with our sports betting glossary.
Sports Betting Mistakes to Avoid
You’re probably ready to unload some bets on the Liberty Flames, but you need to be responsible if you’re going to stay afloat in the sports betting world.
Here are nine mistakes for Virginians to avoid.
Virginia Sports Betting Timeline
Early April 2020
Virginia Teams to Bet on
- Virginia University Team Site | Roster | Schedule
- Virginia Tech Team Site | Roster | Schedule
- Old Dominion Team Site | Roster | Schedule
- James Madison University Team Site | Roster | Schedule
NCAA DI Basketball & Football
NCAA DI Basketball
Pro Sports Teams
Virginia does not have major league teams, but they do have professional minor league sports.
More Reading on Virginia
For more on legal sports betting, check out our legalization tracker.