- DraftKings launched their online sportsbook in Virginia before the start of the NFC and AFC Championship.
- Virginia marks the 12th state that DraftKings is operating.
- Remote registration is allowed for online sports betting in Virginia.
RICHMOND, Va. – Online sports betting in Virginia is quickly expanding as DraftKings launched just in time to capture NFL bets for the AFC and NFC Championship.
The Sunday launch also gives DraftKings two weeks of operating before the single biggest sports betting event takes place.
“Just in time for Super Bowl LV, we are thrilled to bring the DraftKings sports betting experience to Virginia with an abundance of betting options for fans,” said Jason Robins, co-founder and CEO of DraftKings. “With our customer-first approach, we hope to be the sportsbook of choice for Virginians who enjoy having skin in the game.”
Virginia marks the 12th state with legal sports betting that DraftKings is now operating in.
FanDuel’s Short-Lived Monopoly Ends
Last Thursday marked the beginning of the online sports betting market in Virginia with the FanDuel launch. While Michigan launched their market with 10 online sportsbooks at once, Virginia has taken a seemingly one-by-one approach.
FanDuel was only able to operate unopposed for three days before more competition came in. Their deal with the Washington Football Team gave them the upper hand to launch early.
However, DraftKings isn’t entering the market empty-handed. In order to gain market share of online sports betting in Virginia, they are offering a Double your Money bonus if you bet on either team in the Super Bowl to score a touchdown.
Who Else Is Coming To Virginia
The next company on pace to launch in VA is BetMGM who has gotten the approval of the Virginia Lottery.
There was a total of 25 applicants for a sports betting license in VA, however, the names of these applicants has remained anonymous. The current law only allows for 12 online sportsbooks to operate in the Old Dominion.
But, even with the three confirmed online sportsbooks, sports bettors in Virginia should be pleased. DraftKings, FanDuel, and BetMGM are consistently the top three online sportsbooks in the states they operate in terms of betting handle and revenue.
A timeline for the exact day that BetMGM will launch is still a bit unclear, though it is highly assumed it will be before Super Bowl 55.
– 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.