With neighboring states such as West Virginia and more recently Tennessee making good progress in legalizing sports betting there was pressure on Virginia to make a move into legal gambling and they did so on 1st July 2020.
Online betting is allowed but not wagering on Virginia college sports. The permit fee of $250,000 and tax of 15% seems reasonable. The Virginia Lottery approved the sports betting regulations mid September 2020 to clear the way for the licensing process to begin. The first betting sites came online in Virginia at the start of 2021.
Regulations allow for between 4 and 12 licenses for internet only sports betting platforms with additional options for partnerships with major Virginia based franchises or major league facilities or land based casino operations. There is already a Virginia Problem Gambling helpline available toll free on 888-532-3500.
As Virginia is allowing 4-12 online only licenses for mobile sportsbooks, It is very likely that the major US wide sports betting operators will run sports betting sites in the state.
We have seen this to be the case so far with the following sportsbooks live
In addition to these mobile only licenses, there could be 5 brick and mortar casinos built in Virginia which could each have an online sports betting platform too. Professional sports venues and the two nascar racetracks could also apply for licenses, so ultimately we could see around 20 VA sports betting sites.
The sports wagering legislation for VA allows for betting on a wide range of sports
Whilst sports are hugely popular in VA, the state itself is not home to any professional sports teams. However nearby Washington DC of course is home to The Washington football tea in the NFL, the Capitals in the NHL, The Nationals in MLB, the Wizards in NBA and D. C United in the MLS.
However, within Virginia fans won't be able to bet on their local college teams.
We can expect to see somewhere between 4-12 online betting licenses awarded in the state when the paperwork is sorted out.
Right now, the licensing of operators and suppliers, and registration of other stakeholders has to be dealt with before a sportsbook can be open for business online.
The law states you have to be aged at least 21 years to gamble in the state and this applies to online sports betting sites when they are live. You will ned to verify your age on registration of a new acoount.
No decision has been made in this regard yet, but in many states that have legalized online sports betting there has been no requirement put in place to make an in-person visit to register and funds account. It remains to be seen.