- FanDuel will be the first online sportsbook to launch in Virginia if their announcement remains true.
- Remote registration is possible for online sportsbooks in Virginia.
- There have been a total of 25 applicants for a VA sports betting license but only 12 can launch at this time.
- Betting on in-state college teams is not allowed in Virginia.
RICHMOND, Va. – On Thursday, FanDuel Sportsbook will kickoff the online Virginia sports betting market according to a Twitter announcement from the company.
A definitive time for when FanDuel will start accepting bets was not made clear, but users 21 years old or older can begin to sign up now.
🚨 𝗛𝗘𝗬 𝗩𝗜𝗥𝗚𝗜𝗡𝗜𝗔 🚨
Get ready, because @erinkatedolan has some BREAKING NEWS—we are COMING SOON to VA!
— FanDuel Sportsbook (@FDSportsbook) January 21, 2021
As far as when and which other online sportsbooks in Virginia will launch remains a mystery as well. A total of 25 sports betting companies applied for a license to operate in Virginia, but only 12 will be able to be awarded a license at this time.
There is currently a bill filed in the state legislature that would expand the cap on online sports betting operators, but it has not made any headway yet.
Who Is Expected To Join FanDuel
The Virginia Lottery has tried to keep the applicants’ names anonymous, however, some of the biggest names in the US sports betting industry have been speculated to enter the VA market.
For example, Caesars Entertainment has already announced plans to launch a casino in Virginia. Caesars recently acquired William Hill, leading many to believe that William Hill will eventually launch their legal sports betting site in the Old Dominion.
Rush Street Interactive has also already committed to building Rivers Casino Portsmouth, leading many to believe that BetRivers is likely to launch in Virginia as well.
Other notable sportsbook operators rumored to enter the market include BetMGM, DraftKings Sportsbook, Hard Rock, and PointsBet among others.
VA Sports Betting Rules
Those that plan on using any online sportsbooks in Virginia will be able to register for them remotely. Users will have to provide some form of identification when signing up.
Betting on in-state college teams such as the Virginia Cavaliers or the Virginia Tech Hokies is not allowed by any sportsbook. This includes games in which the teams are not playing in Virginia. However, collegiate sports betting on any other teams is allowed.
The tax rate set on Virginia sportsbooks is 15% on gross gaming revenue, which is low enough to where it shouldn’t affect odds prices.
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News tags: BetMGM | BetRivers | Caesars Entertainment | DraftKings Sportsbook | FanDuel Sportsbook | Online Sports Betting | Rivers Casino Portsmouth | Virginia | Virginia Cavaliers | Virginia Lottery | Virginia Tech Hokies | William Hill
– In his career, Hasan has worked both local and state government positions—including the Attorney General’s Office in Florida. On top of being familiar with the legislative process, he has also been researching and writing on the legality of sports betting across the US. Outside of work you’ll most likely find him producing or playing music, playing sports, or working on creative writing projects. You’ll also catch him at Doak Campbell Stadium cheering on the Noles.