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The global sports betting market continues to surge in popularity. In fact, it’s one of the fastest-growing sectors in the world, offering tremendous potential for both sportsbooks and bettors. With the digital revolution in full swing, the sports betting industry continues to undergo dynamic changes, expanding in established markets and forging its way into new ones.
In this article, we’ll lay out the overall size of the global sports betting market, explore some projections for its future growth, and try to pin down the root causes of this rapid market expansion.
How Massive Is the Sports Betting Market?
It’s important to recognize that the overall size of the sports betting market is difficult to estimate because regulations and record-keeping are inconsistent. There is no definitive resource, from nation to nation, that researchers can solidly rely on. Records are too disparate to paint an entirely accurate picture.
That said, it doesn’t mean that there aren’t reliable estimates. International sports betting is estimated to have a market capitalization of $250 billion. According to Statista, a highly-reputable data firm, licensed online sportsbooks (like the ones we review) account for upwards of $39.7 billion of this revenue.
The rest of these sports bets are staked at venues like casinos, at horse tracks, or other global conduits.
The Fastest Growing Sports Betting Market: The United States
In 2009, the sports betting market was valued at $20 billion. By 2016, it was valued at $40 billion. With a present market capitalization of (conservatively) between $60-73 billion, the market has conservatively grown at a rate of $10 billion per year. If this pace continues, American sports betting will occupy an increasingly significant share of the world market.
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International Sports Picks from Sports Information Traders provides the most in depth stories, news, picks, odds, and more every day for our readers. For the most up to date articles and International Sports Picks for your digestion read any of our numerous articles below from our top sports writers and journalists. International Betting Sites Not all countries have local licensed bookmakers, or their websites, but almost all countries allow bettors to engage in sports online betting on international betting sites. Here is a list of countries where the local population is very active in sports betting.
According to a recent Statista survey, over 50% of US citizens admitted to placing a bet on a sporting event at least once in their life. Given the stigma that still hovers around sports betting in the US, it’s possible that some of those polled in the survey weren’t entirely forthcoming on whether they’d bet on sports.
APAC (Asia-Pacific): The Biggest Sports Betting Market
With a population of more than 4 billion people, it’s of little surprise that the APAC region occupies the most significant percentage of market share in the sports betting industry. It’s estimated that residents falling in the APAC region are responsible for 47% of the world’s sports wagers.
What’s Driving This Increase?
The answer is simple: increased wealth and expansion in digital connectivity.
Historically, Macau and Hong Kong (both within APAC) are two of the most prominent sports betting revenue-generating regions in the world.
Economic prosperity throughout the rest of the region, however, provides disposable income for leisure activities, such as sports betting. As real wages continue to increase in the APAC region (as they are projected to) more and more money stands to end up being placed on sporting events.
Furthermore, internet providers in the APAC region report significantly increased penetration in the market. A better internet connection allows people to consume the latest news and information in sporting. It’s a lot easier to become a sports fan (and sports bettor) when you’re able to keep up with the latest in sports on a weekly, daily, and even hourly basis.
According to Transparency Market Research, APAC forecasts to expand at a CAGR (Compounded Annual Growth Rate) of 12.9% from 2018-2024. Asia’s projected growth rate for its sports betting market outpaces any other region in the world.
How Much Will Sports Betting Markets Grow Elsewhere?
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Sports betting currently accounts for upwards of 40% of global gambling revenue around the world, which is more than any other section (inclusive of lotteries, casinos, poker, and other forms of gaming.). According to the latest projections from market research firm Technavio, the CAGR (Compounded Annual Growth Rate) is expected to increase by a whopping 8.62% from 2018-2022.
While all eyes are on the US and APAC regions, sports betting is still growing in other areas of the world. Though growth may not seem as aggressive or impressive in Australia and Europe, it’s mainly due to a long history of sports betting in these regions. However, sports betting is still growing steadily in these regions.
Africa and Latin America make up a large contingent of the global market, but not as much as APAC or the US. This is primarily linked to broader macroeconomic factors which affect GNP, and limited internet access.
What Are the Most Popular Sports Bets Around the World?
Football (theEuropean kind) has, by far, the greatest betting volume, closely followed by American football. The other big three North American leagues (MLB, NBA, NHL) receive a significant amount of betting volume, too.
Horse racing, while often categorized as a niche market, still receives heavy betting volume in the US, UK, France, Australia, and South Africa, which are all sizeable markets.
The Global Sports Betting Market of eSports
The fastest-growing sports market (in regards to betting volume) is eSports. For those unfamiliar, esports are organized, multiplayer video game competitions which involve profession players. The games may range from Starcraft to Player Unknown Battlegrounds. In 2017, eSports generated over $650 million in revenue, and are projected to create upwards of $1.5 billion by 2020.
According to a senior analyst at the market research firm Technavio, the increased popularity of esports is pushing bookmakers to allow bets on many different esports matches, now including golf, tennis, and rugby. This growing volume is driving revenue generation across the sports betting industry.
As esports transform from a budding industry to a more fully-formed, established one, it will generate a significant revenue stream for the broader sports betting market.
Where Does the Future of Sports Betting Lie?
All market research points to one thing behind the continued popularity of sports betting: the digital revolution. The massive projected growth figures for sports betting are in large part due to the proliferation of internet around the world, and sportsbooks’ subsequent investment in their digital platforms, as a response to the demand for online sports betting. It’s never been easier for people around the globe to connect to the internet, and subsequently, start betting via sportsbooks.
The penetration of digital sports betting goes beyond laptops and desktops. Globally, 20% of sports betting now takes place via mobile. By the end of 2019, this figure is projected by to upwards of 45%! Sportsbooks, especially the sites we review, have responded to their consumers’ demand for increased connectivity. Bettors are seizing new opportunities made available by these advances.
Technology has changed how we work, how we play, and the way we live. It’s also transformed how we bet on sports. We’re not entirely sure what the next major advance in the digital revolution is going to be, but we’re sure that it’s going to make betting on sports bigger and better.
Virginia became one of the latest states to legalize sports betting in 2020. Five sportsbook apps launched in time for Super Bowl LV betting, with the first app launching on January 21, 2021.
Numerous big names in the sports betting industry are set to launch throughout 2021. Some of these operators have deals with retail casino locations to be constructed over the next few years. Overall, the next few years are sure to be exciting for sports bettors all across the Old Dominion.
Virginia Sports Betting Apps 2021
Virginia Sports Betting Updates
- William Hill launches before Super Bowl in Virginia – on February 3rd William Hill launched in Virginia after partnering with Caesars Entertainment and became the fifth app. William Hill offers new players up to $2,021 risk-free bet.
- BetRivers and BetMGM join the fray – three days after DraftKings and six after FanDuel, two new sportsbooks entered the Virginia market. BetMGM and BetRivers both launched on January 27, 2021, bringing Virginia’s sportsbook total to four. You can get up to $250 at BetRivers and up a $500 risk-free bet at BetMGM.
- DraftKings goes live in Virginia – three days after FanDuel’s Virginia launch, DraftKings went live in the market on January 24, 2021. When you sign up for DraftKings Virginia, you can get a 20% deposit match up to $1,000.
- FanDuel launches Virginia’s first sportsbook – FanDuel debuted in Virginia on January 21, 2021. It was the first sportsbook to go live in the state, thanks in part to a partnership with the Washington Nationals. New FanDuel bettors can place a risk-free first bet up to $1,000.
- The Virginia Lottery begins accepting sports betting applications – On October 15, 2020, the Virginia Lottery opened up sports betting license applications. Dozens of operators applied in total, with several also applying for partnerships with Virginian cities like Danville and Portsmouth, who voted on referendums to allow the construction of retail casinos.
- Virginia voters approve five retail casinos – On November 3, 2020, voters approved five retail casinos in a referendum. Three of the cities have already partnered with online sportsbook operators and the other two teamed up with a local Indian Tribe: BetRivers via Portsmouth, Caesars via Danville, Hard Rock Casino via Bristol, Pamunkey Indian Tribe via Norfolk and Richmond.
- Virginia Lottery publishes sports betting rules and regulations – By September 15, the Virginia Lottery published its sports betting regulations and rules. These include a $250,000 application fee for future operators and a $250,000 fee upon application acceptance.
- Virginia legalizes sports betting – Sports betting was finally legalized in Virginia on April 22, 2020, with the House and Senate bills HB 896 and SB 384, respectively. These bills allowed both online and retail sports betting, with provisions for up to five cities to build retail casinos over the next few years.
Review Of 5 Best Sports Betting Sites In Virginia
Willaim Hill Virginia (9/10)
Visit: Willaim Hill Virginia and get a $2,021 Risk-Free Bet
- Opening Bonus Offer: $2,021 risk-free bet
- Available Platforms/Operating Systems: Desktop, Android, iOS
- Casino Partnerships: Caesars Entertainment
- Key Features: Largest risk-free bonus, biggest retail sportsbook footprint in US
- Deposit Options: Electronic wallets (i.e. PayPal or Skill), credit/debit cards, PayNearMe, bank transfers
William Hill launched on February 3rd in Virginia just in time for the Super Bowl. With the largest risk-free opening bonus and a great website and app – William Hill is a great choice for Virginia sports bettors.
William Hill is the oldest continuously running sports betting company, with a large international footprint. They also operate the largest number of retail sportsbooks in the US. In Virginia, bettors can expect a strong and stable app, great ongoing promotions, and an easy-to-navigate live betting system on the app.
FanDuel Virginia (9/10)
Visit: FanDuel Virginia and get $1,000 Risk-Free Bet
- Opening Bonus Offer: $1000 risk-free bet
- Available Platforms/Operating Systems: Desktop, Android, iOS
- Casino Partnerships: Washington Football Team
- Key Features: DFS, search bar, odds format changing, odds-changing mid-bet
- Deposit Options: Electronic wallets (i.e. PayPal or Skill), credit/debit cards, PayNearMe, bank transfers
FanDuel is one of the two top dogs in American sports betting, and it already offers daily fantasy sports. This makes it no surprise that it was the first to confirm its launch in Virginia on January 21, 2021, only a day before its launch in Michigan.
Respin mania slot. With a generous opening bonus and a slick, streamlined user interface that makes the app easy to use even on high-traffic gamedays, FanDuel is likely to be a sports bettor favorite in Virginia.
DraftKings Virginia (9.5/10)
Visit: DraftKings Virginia and get $1,000 Deposit Bonus
- Opening Bonus Offer: Five $5 free bets + deposit match bonus at 20% rate up to $1000
- Available Platforms/Operating Systems: Desktop, Android, iOS
- Retail Casino Partnerships: N/A
- Key Features: Easy access betting slip, special mobile-only wagers, DFS
- Deposit Options: Electronic wallets, credit/debit cards, PayNearMe, bank transfers
DraftKings is also likely to have a big presence in the Virginia sports betting market. That’s partially because of its robust mobile app and its phenomenal market depth and variety, both of which blow most of its competitors out of the water. For example, DraftKings is one of the few operators to offer eSports betting on its mobile app where available under local state law.
DraftKings also has a very generous opening bonus totaling a little over $1000, an intuitive mobile app for all major platforms, and daily mobile-only betting pools that you can only access using the app rather than the desktop site.
BetRivers Virginia (8.5/10)
Visit: BetRivers Virginia and get a $250 Deposit Bonus
- Opening Bonus Offer: 100% deposit match up to $250
- Available Platforms/Operating Systems: Desktop, Android, iOS
- Retail Casino Partnerships: To-be-built Portsmouth, VA casino
- Key Features: Sports newsfeed, “Live Right Now” wagers, live streaming
- Deposit Options: Electronic wallets, credit/debit cards, PayNearMe, bank transfers
Sports betting enthusiasts will want to check out the BetRivers mobile app. Unlike most other prospective sportsbook launches, BetRivers is definitely known to be launching in 2021 since the operator has already made an agreement with Portsmouth, VA. This operator will provide retail sports betting once that city’s casino has been constructed.
The app itself is one of the best on the market. It has a phenomenal loyalty program and a very clean, minimalist user interface. This makes navigating to different betting pools or game events quick and easy.
BetMGM Virginia (7/10)
Visit: BetMGM Virginia and get a $600 Risk Free Bet
- Opening Bonus Offer: Risk free bet up to $600
- Available Platforms/Operating Systems: Desktop, Android, iOS
- Retail Casino Partnerships: N/A
- Key Features: Easy access betting slip, special bets
- Deposit Options: Electronic wallets, credit/debit cards, PayNearMe, bank transfers
BetMGM is an international sportsbook operator that’s likely to come to Virginia sometime early in 2021. As one of the biggest betting and casino companies in the world, this app offers excellent market depth and variety. Despite its recent arrival in the US, it has a solid user reputation already.
Included among its attractive features is a generous opening bonus, extra international betting pools, and markets for leagues and activities like international soccer, cricket, and Australian rules football, and more.
VA Sportsbooks Coming Soon
PointsBet Virginia (8.3/10)
- Opening Bonus Offer: $1500 in two risk-free bets
- Available Platforms/Operating Systems: Desktop, Android, iOS
- Retail Casino Partnerships: N/A
- Key Features: Pointsbetting, search bar, live streaming, good layout
- Deposit Options: Electronic wallets, credit/debit cards, PayNearMe, bank transfers
PointsBet is a relatively new sportsbook to come to America that offers phenomenal odds (especially for any fixed odds wagers). PointsBet shares its name from its special “pointsbetting” system – this allows players to participate in a special type of spread betting. If you have an appetite for high risk and high reward wagers, it’ll be a great app for you, even though its market depth and variety could be a little better.
All Virginia Sportsbook Sites
Sportsbook Name | Bonus Offer | Partner | Launch Date |
---|---|---|---|
William Hill | Risk free bet up to $2021 | Caesars Entertainment | 2/3/21 |
FanDuel | $1000 risk-free bet | Washington Football Team | 1/21/21 |
DraftKings | Five $5 free bets + 20% deposit match bonus up to $1000 | N/A | 1/24/21 |
BetRivers | 100% deposit match bonus up to $250 | Portsmouth, VA casino | 1/27/21 |
BetMGM | $600 risk-free bet | N/A | 1/27/21 |
PointsBet | $2000 in 2 risk-free bets | N/A | Coming Soon |
How To Place A Bet In Virginia
Virginia’s sports betting legislation has made placing an online wager quick and easy.
Choose A Sportsbook
First, choose your sportsbook among the many that will launch sometime in the near future. To do this, either visit the Apple App Store and download the apps straight to your iPhone device or visit the sportsbook’s online website and download the program to your Android device. The Google Play Store doesn’t allow any gambling apps at all.
After downloading the app, open it to begin the registration process.
Register For An Account
Registering for a mobile sportsbook account will be simple. You do not need to visit a retail location in-person to complete the registration process (because Virginia doesn’t have any retail casinos anyway).
Provide your name, address, Social Security Number, and any other required pieces of information. The app will verify your info for a moment, then allow you into the app if you are older than 21 years old and in Virginia. The app will install geolocation software to make sure you are accessing the app within Virginia’s borders.
Deposit Cash
Most mobile sportsbooks allow you to utilize multiple deposit methods to fund your sports betting account. Most allow some combination of credit and debit card deposits, bank transfers, and electronic wallet transfers.
Simply choose the method you want to use and connect that method to your account. This may require signing into your deposit method of choice – for example, if you want to use PayPal, you may need to use your PayPal username and password to link that account to your sportsbook.
Then you can decide how much money you want to place in your account. This will allow you to take advantage of many sportsbooks’ opening bonuses based on their terms and conditions.
Place Bets
Once your account is funded, you can navigate through the app as you like and start placing wagers! Be sure to take advantage of any opening bonuses that might apply to your account. These include deposit match bonuses, risk-free bets, and more.
Virginia’s Legal Sportsbooks
Ultimately, Virginia’s legal sportsbooks are far superior to any illegal or offshore betting sites.
Sports Betting International Revenue
Slots paypal deposit account. For starters, every Virginian sportsbook is licensed and regulated by the Virginia Lottery. This overseeing body performs regular investigations into all the sportsbooks within Virginia’s borders and makes sure that any operating sportsbook has excellent digital security to protect the financial data of its users.
Internet security is particularly important because identity theft and other cyber threats are much more common these days. In contrast, offshore or illegal sites usually don’t have high-quality security, let alone basic SSL certification. This means anyone who uses those sites puts their personal information and financial data at risk.
All licensed sportsbooks in Virginia must both have insurance for their users and must report their winnings to the state government and IRS. This does mean that you’ll need to pay taxes on any winnings you get from using a Virginia sportsbook. But it’s a small price to pay for security and peace of mind.
Virginia’s Sports Betting Revenue
It’s tough to say just how much revenue Virginia’s state government can expect once sports betting fully launches and gets going. However, certain studies have indicated that mobile sports betting revenue alone might approach $400 million over the next seven years or so.
When you consider the fact that Virginia is also launching retail casinos (which will incorporate their own brick-and-mortar sportsbooks), it’s clear that the Virginian state government has a lot to look forward to in terms of revenue.
The industry as a whole is set to explode. The more the market opens and develops, the more promotional opportunities and licensing deals will flood the state.
Per Virginia’s sports betting legislation, a 12% tax rate will apply to most sports betting revenue. For example, if the state generates (according to the above study) $462 million in annual revenue, the state government will receive around $55 million in taxes.
Mobile alone may generate close to $400 million in revenue and, therefore, also generate $40 million in taxes for the Virginian government. All in all, it’s likely that the government will appreciate its decision to legalize sports betting very soon.
How Virginia Compares To Other States
Although Virginia has been relatively barren in terms of gambling opportunity in recent years, its sports betting legislation is pretty similar to the rules adopted by other states, like New Jersey. For example, Virginia’s sports betting restriction against betting on collegiate teams from its own universities is identical to the laws adopted by New Jersey sportsbooks.
In contrast, Pennsylvania doesn’t have any restrictions on collegiate sports betting, which goes to show that individual states have clearly different opinions about what constitutes moral sports wagering.
Furthermore, there are states that have adopted sports betting without allowing casinos to be built. For instance, Tennessee now allows sports betting but does not allow either casinos or poker. In contrast, Virginia will allow retail casinos to be built across five cities (with more potentially being built in the future).
In summary, Virginia is around the middle of the pack in terms of gambling opportunities and freedom. Once the state government sees the extra income earned from sports betting, further restrictions may eventually be lifted.
Virginia Betting Successes And Failures
Virginia’s Sports Betting Success
So far, Virginia’s big sports betting success has undoubtedly been the launch of online sports wagering before the retail casinos are constructed. Because building a new casino or resort takes a few years at a minimum, Virginian residents are no doubt relieved that they’ll still be able to enjoy mobile sports betting before those brick-and-mortar locations are ready to be visited.
Furthermore, Virginia’s Lottery performed rather impressively when it came to creating the rules and regulations for sports betting. In just a few months, sports betting went from illegal in Virginia to fully licensed and regulated.
The Lottery began accepting applications on October 15, 2020, and finished accepting applications by Halloween. In total, eighteen sportsbooks are set to launch over the next few years when you combine online sites and retail operations. About 25 companies applied for licenses.
In other words, Virginia’s sports betting scene is so far impressive due to its speed. Few states have launched sports betting as successfully and efficiently.
Where Could Virginia Improve Online Gambling
This being said, Virginia could definitely improve its online gambling sphere by also legalizing online casino games and other activities like poker. For legal online gambling, Virginia bettors will need to travel to West Virginia.
For now, the only online gambling activity is sports betting (and daily fantasy sports, which technically doesn’t count as gambling). Even the state lottery must be played in person, preventing people from purchasing lottery tickets online.
However, it may be that Virginia legislators are looking to see how sports betting fully actualizes over the next few years before lifting the restriction on other forms of gambling. Hopefully, we’ll see many more gambling opportunities launch over the next decade.
Virginia could also make sports betting more accessible by allowing bets on local college teams, particularly in a state that doesn’t have any professional teams to officially call its own.
Legalization Effort In Virginia
The path to sports betting legalization in Virginia was long and hard-fought. Although the federal ban on sports gambling was lifted in May 2018, it took until 2019 for Virginian lawmakers to even begin debating sports betting proposals.
Then it took the rest of 2019 to reach an agreement. By April 2020, the Virginia House and Senate crafted a pair of bills outlining sports betting rules and restrictions. Both bills faced a little pushback from Governor Ralph Northam, who made a number of unspecified changes.
Fortunately, Northam did not stand in the way of progress and allowed both bills to pass the House and Senate. He then signed off on the final bills and set the date for legalization: July 1, 2020.
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It’s likely that Northam was responsible for the two-month waiting period before official sports betting processes could begin. This allowed the weeks between July 15 and September 15 to be allocated to the Virginia Lottery, which then wrote detailed sports betting regulations.
Timeline For Virginia Sports Betting
- May 2018 – Sports betting ban is lifted at the federal level
- April 2020 – Bills HB 896 and SB 384 pass the Virginia House and Senate, respectively
- April 22, 2020 – Gov. Ralph Northam signs both bills and legalizes sports betting in Virginia
- July 1, 2020 – Sports betting officially becomes legal in Virginia
- July 15, 2020 – Temporary sports betting regulations are issued
- August 10, 2020 – Updated sportsbook draft regulations are released by the Lottery
- September 15, 2020 – Virginia Lottery publishes its official sports betting regulations
- October 15, 2020 – The Lottery starts accepting license applications from sportsbook operators
- October 31, 2020 – The sportsbook application window closes
- November 3, 2020 – The referendum for Virginian cities that decides whether they will allow or outlaw casino construction is held
- January 21, 2021 – Online and mobile sports betting launches in Virginia
Virginia Teams
Virginia Professional Sports Teams
International Sports Betting
Virginia residents have long dreamed of online sports betting coming to their state in large part because many of them are sports fanatics! Interestingly, Virginia doesn’t have a professional sports franchise of national repute.
However, Virginia is the state that most Washington DC professional sports teams call home. For instance, both the Washington Football Team and Washington Capitals (an NHL team) have their practice facilities and corporate headquarters stationed in Northern Virginia. This is even though both teams play outside of Virginia.
Thus, sports bettors would be wise to place wagers and look for promotional opportunities for the Washington Football Team. As a five-time NFL champion, this team is definitely one to watch, particularly when they face off against the Dallas Cowboys (their primary rival). Virginia bettors will also be able to place bets on the Baltimore Ravens and all other NFL teams.
But sports bettors should also check out the Washington Wizards, which is the closest professional NBA team for most Virginians to support. Games against the Cleveland Cavaliers are sure to be accompanied by excellent wagers and promotional opportunities due to the long-standing rivalry between both teams.
Other popular professional teams available for betting include the Washington Nationals, and the Baltimore Orioles. The Nationals have risen to prominence in the last few years and the Orioles have a strong rivalry with both the Yankees and the Red Sox.
Sports Betting Statistics
Virginia College Sports Teams
While many Virginians love college sports, Virginia’s recent sports betting legislation has unfortunately placed severe limitations on college sports betting.
Sports Betting National Championship
In fact, it will not be legal to place sports bets on Virginia college sports within the state. Instead, Virginia residents will only be allowed to place bets on college sports teams in other states (with the exceptions of proposition bets and live betting, which are still prohibited).
This is likely a big bummer for sports betting enthusiasts, as Virginia Tech and Virginia State University are two of the country’s leading teams for college football and basketball. But while Virginia sports bettors won’t be able to place wagers on the Virginia Cavaliers, Tech Hokies, or Liberty Flames, there are still lots of other options to bet on using the plethora of soon-to-launch sports betting apps. This includes being able to bet on the Georgetown Hoyas, the Maryland Terrapins, and the Gonzaga Bulldogs, all popular local college basketball teams.
International Online Sports Betting
Other Sports To Bet On In Virginia
Aside from professional sports, Virginian sports bettors will likely be able to find and enjoy lots of excellent betting markets for activities like NASCAR: arguably the most popular non-ball-sport activity in the state. This is probably because Virginia is home to four different annual NASCAR races in the NASCAR Cup Series.
Additional races to look for high-value wagers and betting markets include:
- Xfinity 500
- ValleyStar Credit Union 300
- Dominion Energy Charity Classic
Virginia Sports Betting FAQs
Yes. As of July 1, 2020, online sports betting is legal provided it is done on a licensed app currently regulated by the Virginia Lottery. The first sports betting app launched on January 21, 2021.
How Old Do I Have To Be To Bet Online In Virginia?
You must be 21 years of age or older to bet online within Virginia’s borders. This is the same age for the state lottery.
The Virginia Lottery regulates all online sportsbook activity. In addition, this organization will oversee retail sportsbook operations once they launch at brick-and-mortar casinos throughout Virginian cities.
Do I Need To Be A Resident Of Virginia To Bet Online?
No. Any Virginia mobile sportsbook will request your address and install geolocation software as the app installs. This requires you to be within Virginia’s borders when placing a wager or using a mobile sportsbook. You do not need to be a resident of Virginia, just located within its borders.
Yes. Mobile sportsbooks currently (or soon to be) operating in Virginia are licensed and regulated by the Lottery. This means that the Lottery investigated the operator and found that they had both excellent digital security, such as SSL certification, and insurance to protect its users in the event of fraud or theft.
In other words, any legal online sportsbooks are well-vetted and should be safe to use. If you have any issues, you can bring a grievance to the Virginia Lottery and they will investigate on your behalf.
Yes and no. You are not allowed to place any sports wagers on Virginian college teams, like the Virginia Tech Hokies, regardless of league. However, you can place college sports bets on out-of-state college teams so long as they are not playing against a Virginia team. There is also a general prohibition against placing live bets or proposition bets on college sports.
Sports Betting Tips
More Resources On Virginia Sports Betting
- Official Virginia House of Representatives sports betting bill HB 896
- Official Virginia Senate sports betting bill SB 384
- The Virginia Lottery, where you can file a complaint or learn more about their regulation process
- Virginia Mercury, an online newspaper with regular news about the Old Dominion and sports betting developments