Online Gambling in
Virginia

With no physical casinos nor racetracks in the Old Dominion, not to mention its conservative stance when it comes to gambling, Virginia sports betting has started from scratch. But a 2020 launch is now a distinct possibility with a law that would authorize both in-person and mobile sports betting expected to be signed imminently.

Virginia

There are currently no legal online gambling options in VA

Legal Online Gambling in Virginia

Legal sports betting in VA could be a thing before the end of 2020.

That’s after lawmakers passed legislation legalizing sports betting and casino gambling.

The legislation still requires the signature of State Gov. Ralph Northam but, if as expected, he enacts the law, VA will join West Virginia and Pennsylvania with mobile wagering in the region. Bettors will be able to bet anywhere within VA state lines as soon as the market launches.

Under the legislation, Virginians can expect a competitive online market of up to twelve online sportsbooks and up to four casinos to be built.

VA SPORTS BETTING LEGISLATION

Bill HB 4 at-a-glance

  • Minimum of four online sportsbooks, max of 12 online-only licenses
  • Opening of four yet-to-be-built casinos under terms of an accepted bill
  • Official league to be used (means sportsbooks must use official data from a sport’s leagues governing body to settle in-game wagers)
  • Betting banned on all VA based college and university teams (including prop bets)
  • Washington Redskins approved for its own betting operation at a new proposed stadium in VA and online via a partnership with FanDuel
  • Operators will be required to pay $250,000 for a license; revenue taxed at 15%

There’s a high chance the Washington Redskins, in search of a new location to build a new stadium, could do so in Northern Virginia.

The NFL side, who are in search of a site for a proposed new stadium, has been approved to run its own sports betting operation in VA that will allow in-person wagering at the stadium and online betting through FanDuel.

The same idea has previously featured as part of the push for sports betting in Maryland. But the terms of the proposal on the table will see gambling help offset the cost of the build. Virginia is the most populous state without a major pro sports team.

About time for legal gambling in Virginia

With gambling introduced in closeby Pennsylvania, West Virginia and Delaware, the time is now for legalized gambling in Virginia.

The ease in which sports bettors have and continue to cross state lines into PA and WV - two states with mobile-friendly sports betting markets incidentally - to place legal sports bets online has been felt in Virginia.

Rather than see Virginians financially benefit neighboring states, it’s time for the Old Dominion joined the growing list of states with legal sports betting.

As well as revenue, the need to drive sports bettors away from the black market remains a goal for every state looking to protect its residents from the dangers of betting via unregulated betting sites.

Virginia Online Gambling FAQ

Is online gambling legal in Virginia?

No, legal gambling is not regulated - only Daily Fantasy Sports (DFS) is available. But that is set to change when legislation that will authorize retail sports betting and mobile wagering is enacted by the state governor.

When is VA sports betting likely to launch?

The start of the new NFL season is the obvious target for launch in terms of exposure and length of time needed to finalize final rules and regulations.

Will I be able to bet in VA on my mobile phone?

Mobile sports betting will be permitted under the terms of the bill. This means you will be able to create a sports betting account and wager anywhere within state lines.

Will I be able to bet on college sports in Virginia?

As part of the incoming legislation, betting on all college and university sports (including prop bets) will be forbidden.

Which VA online sportsbooks will launch?

With statewide mobile wagering expected, it’s widely anticipated FanDuel and DraftKings will feature. The duo, already operating Daily Fantasy Sports in Virginia, will benefit from established followings built up since 2016. A host of other sportsbooks are also expected with VA sports betting comprising a minimum of four online sportsbooks and a maximum of twelve.

Betting on sports in VA

In terms of population, VA is the biggest state not to have its own professional side.

The Washington Redskins are arguably the state’s ‘home team’ when it comes to the NFL - the team does train and base themselves in Richmond and Ashburn after all. They could yet build a new stadium in Virginia too if team owner Daniel Snyder gets his way.

Virginians are also known to show their support for the Washington Nationals of the MLB. Between them, the state’s two adopted major league teams have enjoyed varying degrees of success.

The Redskins are the most prolific in terms of trophies won. Three Superbowl championships - would’ve been four but for a defeat to Los Angeles Raiders - and fourteen league titles, puts the National’s five East Division league titles firmly in the shade.

VA sports betting teams

The Washington Capitals (NHL) and the Washington Wizards (NBA) also receive plenty of backing from ice hockey and basketball fans respectively in Virginia.

How to bet on the Washington Redskins

The meteoric rise of the Super Bowl during recent years means the NFL is the average punter’s go-to in terms of betting.

Here are the two most common wagers for betting on the NFL.

How a 'Point Spread bet' works

As is the case with many of the high scoring sports, the point spread is the go-to wager for bettors.

Point spread defined: point spread betting equalizes the chance of both winning the bet.

The team expected to win (the favorite) is assigned a minus (-) value while the team expected to lose (underdog) will have a plus (+) value next to it, as the fictitious game below shows:

  • Colts -4.5
  • Redskins +4.5

For a wager on the favorite to be successful: Colts to win by five points or more

For a wager on the underdog to be successful: Redskins need to avoid a defeat of more than five points, or, win the game.

How a 'Money Line bet' works

Staking money on either side to win the game (i.e. a money line bet) is one of the more straightforward wagers you can make.

Here’s how a money line bet will look:

  • New York Giants -600
  • Dallas Cowboys +450

As with the point spread, the favorite is given negative odds and underdog given positive odds, as the example above shows:

The easiest way to understand how the bet works is to always use $100. Broken down then:

  • A wager on the Giants to win the game: requires a stake of $600, in order to win $100.
  • A wager on the Cowboys to win the game: requires a stake of $100, in order to potentially win $450.

A successful bet backing either side would see you take home your winnings and your stake.

Money line betting explained further

Bettors are likely to be drawn more toward backing the underdog and trying to profit from a small stake.

As it happens, the above example is a result which actually transpired a few seasons back with the Cowboys running out surprise victors, 33-20. The odds on offer produced winnings over four and half times the stake, going to show how profitable it can be to back the less fancied team - “every dog has its day” remember!

At the same time, this isn’t a regular occurrence when it comes to betting on the NFL hence why most bettors enjoy the better odds of a Point Spread bet.

However, you can win a sizable amount by making a simple money line bet. Back the underdog on the right day and even a low stake can yield a substantial return.

Course, there are no rules to say the favorite can’t be backed either. But the odds offered on an event expected to happen are naturally lower, naturally. A higher stake is required to yield a return of any sort.

How to bet on the Nationals

Typical money line wagers are among the most popular ways to bet on MLB.

The same for run line betting which carries the same principle as the point spread betting mentioned above.

For their ease and simplicity, totals bets - also referred to as Over/Under - are also common when betting on the MLB.

How a 'Totals bet' works

Oddsmakers will set a line on the total number of runs scored by both teams in a game.

All you have to do is choose whether the total number of runs in the game will produce ‘Over’ or ‘Under’ the line given.

Let’s say the line given for a game between the Washington Nationals and the Philadelphia Phillies is seven. If you bet ‘Over’ and the final score is 5-4, you’d win your bet because the total of runs is nine.

Even if those nine runs are scored by one team, you’d still win your bet. As mentioned, this type of bet does not rely on the outcome of the game, only the total of runs scored.

If the game finished 4-3 either way, your bet would be considered a ‘push’. Neither the sportsbook or bettor has won so won all stakes are returned in full.

How a 'Futures bet' works

Future bets require the patience of the highest order. But good things come to those who wait, as they say!

In MLB, common futures bets center on the team to win the World Series Champion. But backing individual players to end the season with the most home runs or take home the MVP award, for example, are also typical wagers for baseball betting.

While a future bet can be placed at any point during a competition, your best chance of winning a significant payout is to place a bet prior to the competition starting. This is where you will find odds at their best in terms of value.

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