Va Online Gambling
Mar 03, 2021 The latest US gambling news includes a variety of sports betting bills in different states, plus Golden Nugget aims to win VA casino license. US Online Gambling News - US Online Casino News 2021 Daily updated articles on the US gambling industry, including online gambling developments, casino updates, lottery news, and additional coverage. You are welcome to register from any state in the U.S., but must be 21+ years old, physically located in Virginia. Gambling problem? Call 888-532-3500. Rush Street Interactive, LLC is licensed in the Commonwealth of Virginia by the Virginia Lottery Board to provide sports wagering services. Virginia Online Casinos: Top 3 Casinos Apps in VA Virginia Lottery Board. Kevin Hall has been apart of the Virginia Lottery Board since January 2018 and has helped the. Approved Casinos and Locations. The Hard Rock Casino Bristol is expected to be a 90,000 square foot casino with a live.
FALLS CHURCH, Va. (AP) — Virginians have long been sidelined when it comes to gambling, but it’s a safe proposition that sometime before the upcoming Super Bowl they will be able to wager from the comfort of their couches as Virginia joins a growing list of states that allow sports wagering.
The Virginia Lottery is expected to give the go-ahead next month to what will likely be more than a dozen betting sites to take wagers from Virginians on numerous types of sports. Officials predict Virginians will respond by betting as much as $400 million in 2021, and steadily increasing amounts thereafter.
The change is coming after Virginia legislators approved sports gaming for a state that had been a gambling holdout but is belatedly embracing the trend. The sports betting will precede the arrival of casinos in four cities that approved their construction in referendums last month but are not expected to be open for several years.
Sports gambling, meanwhile, is imminent. Virginia Lottery Director Kevin Hall said the state has received 25 applications from would-be players in the industry. The law requires the lottery to pick a minimum of four and a maximum of 12 providers.
In fact, Hall said, he expects that Virginia will approve more than 12 applications, because the law grants preference to professional sports organizations with a home in Virginia. So any applications submitted by the Washington NFL football team, the D.C. United soccer franchise and NASCAR could be approved in excess of the 12-vendor cap.
The football team did not respond to queries about its plans. Earlier this year, the Denver Broncos announced plans for a partnership with FanDuel — and subsequent deals with other operators — to offer a Broncos-branded betting experience. Hall said he anticipated that any sports clubs in Virginia that enter the market would do so through a similar partnership.
There will be no brick-and-mortar sportsbooks — only online options are permitted under the state law. Wagers are barred on games involving Virginia colleges. Bets on the Olympics won’t be allowed, either, to the chagrin of gaming sites that tried to convince state regulators it should be permitted.
Virginia is joining 19 other states that now have legalized sports gambling, according to the American Gaming Association, part of a rush that occurred after a 2018 Supreme Court ruling that gave all states the option to allow wagering.
The states have adopted a patchwork of approaches. Virginia and Tennessee are the only two states that have adopted a strictly online approach.
States also tax gambling at very different rates, from 6.75% all the way up to 50%. Virginia’s tax rate of 15% is roughly in the middle of the pack.
Jessica Feil, a lobbyist with the gaming association, said the industry believes a tax rate in the low teens is ideal. While Virginia has more vendors interested in providing gaming than it can approve, she said a higher tax rate might scare off potential operators, especially in a nascent market like Virginia.
While lottery proceeds in Virginia are dedicated to education, tax revenue from sports gambling will go to the state’s general fund.
Hall said estimates show that the state will get $4 to $5 million in the first year, but that will grow in subsequent years as the market establishes itself to as much as $55 million a year.
Another unique feature included in the Virginia law is a sports bettors’ “bill of rights” designed to protect the consumer. Those rules were revised after gaming companies complained. The original rules, for instance, required companies to provide the odds of a particular wager and the information used by the company to set the odds. Companies complained that their process for setting odds is proprietary, and that it’s impossible to know the true odds of, say, who will win a football game.
State Sen. Jeremy McPike, D-Prince William, who sponsored the legislation establishing the sports betting program, said he’s satisfied that the lottery regulations match legislators’ intent to provide a level of transparency to bettors. And he complimented the lottery for getting the program to market so quickly in a state that has no history of casino-style betting,
Hall said the lottery expects to grant final approval to would-be operators sometime in January. Once that approval is granted, the companies are free to accept wagers as soon as they are ready. With NFL playoffs underway in January, companies will have a strong incentive to launch quickly to take advantage of some of the biggest weeks on the American sports calendar.
Where To Place Bets In Virginia
Virginia legalized online sports betting just last year. Whereas some states take their time before launching, Virginia was not one of them. Quick to market, online sportsbook apps launched in Virginia at the end of January 2021. The first sportsbooks to launch in Virginia include:
Virginia Casinos expects more sportsbooks to launch in the coming days and months. The goal for both sportsbook companies and Virginia bettors was to launch apps in time for Super Bowl betting. Looks like they’ve been successful.
Virginia Online Sports Betting Bonus Offers
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Va Online Gambling Websites
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When Did Virginia Launch Online Sports Betting?
Virginia is the latest of many states to hop on the sports betting bandwagon. The state legalized sports betting on July 1, 2020, after a series of amendments to the bills that would eventually make sports betting legal. The first online sports betting site announced its launch on January 21, 2021, with several others launching over the following weeks.
On September 15, 2020, the Virginia Lottery set its final regulations. One month later, the licensing process opened. All applicants were subject to a 90-day review period. In short, this meant that Virginia online sports betting would launch in January before the Super Bowlaccording to Kevin Hall the Executive Director of the Virginia Lottery. The Virginia Lottery was good on its word.
VirginiaCasinos.com estimates that Virginia sports betting will produce $412 million in handle for the state with $61.8 million in annual tax revenue. In the first 11 days, Virginia did $58.9 million in sports betting handle.
Old Dominion is slightly unique among sports betting markets. The state’s legislation allows for online-only sportsbooks (much like Tennessee) alongside those tethered to a land-based casino. But the added factor that makes Virginia unique is an amendment requested by Governor Ralph Northam. The amendment, which made it into the final legislation, allows for NASCAR tracks to apply for sports betting licenses.
All-in-all, Virginia, is gearing up to become a competitive sports betting landscape.
Major Players In Virginia
With no land-based casinos (yet) and online-friendly legislation, Virginia is expected to be a heavy hitter in the sports betting industry. Big operators are sure to flock to the state to offer online sports betting. FanDuel launched its app on January 21, 2021. Other brands were hot on their heels to launch in Virginia.
William Hill Virginia
Visit: William Hill
William Hill Virginia partnered with Caesars Entertainment to bring its online app to Virginia. Caesars also has a license to build a land-based casino in Virginia. But, Virginia bettors have access to William Hill now.
William Hill has a rich history in the gambling industry, and its years of experience will bring a powerful sports betting operator to the state alongside other top-tier providers. They app offers a robuts market of both domestic and international sports. William Hill InPlay is easy to access on the sportsbook, offering a wide variety of live, in-game betting options.
New bettors can claim up to $2,021 in risk free bets now at William Hill Virginia.
FanDuel Virginia
Visit: FanDuel Virginia
FanDuel is often one of the first apps to launch in a state. It’s no surprise that they were the first to launch in Virginia, almost simultaneously with their launch in Michigan. FanDuel is most known for its reputation in the Daily Fantasy Sports market but is gaining ground in legal online sports betting by operating in almost a dozen states.
New FanDuel users in Virginia can claim a $1,000 risk-free bet bonus on sign up. It’s a great way to get started with sports betting without risking too much upfront.
BetMGM Virginia
Visit: BetMGM Virginia
BetMGM is backed by one of the most successful brands in gaming, MGM. Its launch in Virginia brings a top-notch sports betting brand to the Commonwealth. Virginia bettors can access BetMGM Virginia on web browser as well as an iOS or Android app.
The MGM brand has done well in markets where they have a land-based casino as well, but they’ve also launched in states without a local presence. Even without a retail casino in Virginia, BetMGM is committed to the region. They operate the MGM National Harbor, which is in Maryland at the DC border and close to Virginia bettors.
BetMGM also recently announced a partnership with the Washington Nationals, which will also lead to a BetMGM branded sportsbook located at Nationals Park.
New BetMGM users in Virginia can claim a risk-free first bet up to $600 on sign up.
DraftKings Virginia
Visit: DraftKings Virginia
A DraftKings Virginia launch was about the closest to a sure thing you could get. The operator already has a Daily Fantasy Sports presence in Virginia, and it was one of the first to launch sports betting in the state. Besides, it seems where FanDuel goes so does DraftKings.
DraftKings’ quest for leadership in each market is fueled by early launches wherever possible, and Virginia will be no different. DraftKings is offering new players in the state a deposit match bonus of 20% up to $1,000.
BetRivers Virginia
Visit: BetRivers Virginia
BetRivers has seen success in a number of states near Virginia, namely Pennsylvania and New Jersey. We expect BetRivers to continue its success in Virginia now that it is live in Virginia.
One of the reasons why BetRivers is so successful with bettors in new markets, like Illinois and Michigan, is because of its strong bonus offer. BetRivers offers a 100% deposit match bonus up to $250 with only a 1x playthrough requirement. Even if the dollar amount is lower than competitors such as DraftKings, the playthrough requirement is entirely attainable, even for new sports bettors.
Rush Street Gaming, the parent company of Rush Street Interactive and the BetRivers brand, was approved as the casino partner for Virginia’s new Portsmouth casino. With that casino greenlit, the BetRivers brand will have a strong foothold in Virginia, making it a top contender to lead the sports betting market and the casino gaming market in the state.
Virginia’s Legal Gambling History
Most of Virginia’s major gambling-related legislative developments have happened in the very recent past. Even in the grand scheme of things, Virginia’s legal lottery and horse race betting options are fairly new.
In 1987, Virginia legalized the lottery, with all profits going to education initiatives. One year later, the Lottery sold its first tickets. In 1989, the state created the Virginia Racing Commission to manage pari-mutuel wagers on races held out of state, mainly because there were no tracks in Virginia.
That changed in 1997 with the opening of Colonial Downs. It’s still the only race track in Virginia.
Va Online Portal
Fast forward to 2018. The Supreme Court declared PASPA unconstitutional, putting sports betting legislation in the hands of individual states. Virginia took notice and started to welcome new forms of gambling. LEgislation to authorize sports betting passed in July 2020. But the state wasn’t content to just add sports betting into the mix. Five Virginia communities voted in a referendum to allow for the construction of five casinos, one in each of the following towns:
- Bristol
- Danville
- Norfolk
- Portsmouth
- Richmond
These will mark the very first casinos in Virginia’s history, perhaps signaling a new era of gambling for the state.
Virginia Gambling Timeline
- March 2021 – WynnBet Virginia was approved by the Virginia Lottery and will launch in mid-march.
- January 2021 – Draftkings Virginia launched on January 24, 2021 while BetRivers, BetMGM and William Hill launched on the 27th.
- January 21, 2021: FanDuel Virginia becomes the first sportsbook app to announce its launch in Virginia
- November 2020: Voters approve casinos in Bristol, Danville, Norfolk, Portsmouth, and Richmond via referendum
- October 2020: Licensing application process for sports betting operators begins
- September 2020: Virginia Lottery finalizes regulatory framework for mobile sports betting
- July 2020: Sports betting legalized in Virginia
- 2018: SCOTUS declares PASPA unconstitutional, leaving sports betting legislation in the hands of individual states
- 1997: Colonial Downs, Virginia’s first race track, opens in New Kent
- 1989: Virginia creates the Virginia Racing Commission to regulate pari-mutuel betting
- 1988: The Virginia Lottery sells its first tickets
- 1987: Virginia legalizes lottery
Virginia Gambling FAQs
Virginia News
WynnBET Virginia Sportsbook To Launch Next Week
March 5, 2021Virginia Online Sports Betting Post $58.9 Million In January Betting Handle
March 1, 2021Big Gambling Names Bid On Potential Virginia Casino Project in Richmond
February 25, 2021William Hill Virginia Offers Reduced Juice on NBA Games
February 12, 2021Virginia Land-Based Casinos: Progress Update
February 3, 2021William Hill Sportsbook Now Live In Virginia; $500 Risk-Free First Bet
February 3, 2021BetRivers Sportsbook Now Available In Virginia
January 27, 2021BetMGM Sportsbook Launches In Virginia
January 27, 2021DraftKings Sportsbook Now Live In Virginia
January 25, 2021FanDuel Sportsbook Launching In Virginia Today
January 21, 2021Yes. But there’s one catch–Virginia doesn’t have any casinos yet. Voters in five Virginia communities recently approved casinos in Bristol, Danville, Norfolk, Portsmouth, and Richmond. This vote occurred in November 2020, so it coils still be at least a few years before Virginia casinos actually open.
Yes. The Virginia Lottery began accepting license applications on October 15, 2020. The first app launched on January 21, 2021, when FanDuel Virginia hit the ground running. Several other apps launched in the days that followed and more will be live soon.
Currently, Virginia’s minimum gambling age is 18. However, this is because the state only offers pari-mutuel wagering, bingo, Daily Fantasy Sports, and lottery games.
Sports betting and casino gaming will have a minimum age requirement of 21. Anyone 21 or above will be able to play at Virginia’s casinos or on the state’s sports betting sites.
Yes, but not every form of online gambling is available yet. Virginia legalized sports betting in July, and the Virginia lottery finalized regulations in September. The first sports betting app launched on January 21, 2021.
Sports betting, horse race betting, and online lottery are the other internet gaming options for Virginians. Online casino gaming is not legal in the state.
Yes. The Virginia Lottery was created in 1987 and sold its first ticket in 1988. The Virginia Lottery benefits the state’s education programs.
Can You Gamble Online In Virginia
The Virginia lottery is also the governing body for sports betting. The organization creates rules and regulations that govern sportsbooks in the state.
Yes. You can purchase tickets and play lottery games online in Virginia. The Virginia Lottery has a helpful FAQ page that provides more detail on this option.
Yes. One of the best reasons to bet at legal online sports betting sites is that they are completely safe, unlike off-shore or illegal sportsbooks. Now that sports betting is fully legal in Virginia and online sportsbooks are available, there is no reason to go offshore. The Virginia Lottery and the government of Virginia do everything in their power to ensure online betting is safe for Virginia bettors.
Yes. All gambling winnings are taxed by the IRS. The federal tax rate on gambling winnings is 25%.
In many cases, a casino or sportsbook will provide you with tax paperwork if your winnings exceed a certain threshold. If you win below the threshold, you still need to pay taxes on those winnings, but the paperwork is your responsibility.
Yes, especially if you play frequently. Rewards programs offer a lot of great incentives for casino players. Free meals, room discounts, free play on slots, special concert/event pre-sales…the list could go on. Frequent players can gain a lot from a casino loyalty program, so it’s worth signing up even if you expect to visit once every few months. Points add up over time!
Virginia has identified preferred casino partners for all five cities that authorized casinos to be built. Here are the identified preferred partners:
- Bristol: Hard Rock International
- Danville: Caesars Entertainment
- Portsmouth: Rush Street Gaming (Rivers)
- Richmond: Pamunkey Indian Tribe
- Norfolk: Pamunkey Indian Tribe