Sports Betting in Virginia: Complete 2026 Guide
Virginia has embraced the world of online sports betting, offering a competitive and growing market for sports enthusiasts. This guide provides a comprehensive overview of the legal landscape, available sportsbooks, and key information for anyone looking to get in on the action in the Old Dominion.
Current Legal Status and History
Sports betting in Virginia is Legal (Online). The state moved quickly to legalize sports wagering after the Professional and Amateur Sports Protection Act (PASPA) was overturned in 2018. Legislation was passed in April 2020, and the first online sportsbooks launched in January 2021. The Virginia Lottery is responsible for regulating sports betting in the state, ensuring a safe and fair environment for all participants.
While online and mobile betting is fully legal and operational, Virginia currently does not have any retail sportsbooks at casinos. However, this is expected to change in the coming years as new casinos are built across the state. For now, bettors in Virginia can enjoy the convenience of placing wagers from anywhere within the state
Available Sportsbooks
Virginia boasts a competitive market with numerous top-tier sportsbooks available to bettors. Here are some of the major players in the state:
- FanDuel: One of the first to launch in Virginia, FanDuel offers a user-friendly interface, a wide range of betting markets, and attractive promotional offers.
- DraftKings: A giant in the sports betting industry, DraftKings provides a robust platform with extensive betting options, including their popular same-game parlays.
- BetMGM: Backed by the renowned MGM brand, BetMGM offers a sophisticated betting experience with a great loyalty program and a wide array of sports to bet on.
- Caesars Sportsbook: Caesars has a strong presence in Virginia and offers a generous rewards program, competitive odds, and a well-regarded mobile app.
- bet365: A global leader in online sports betting, bet365 brings its vast experience and comprehensive betting platform to the Virginia market.
- Fanatics Sportsbook: A newer entrant, Fanatics is quickly gaining traction with its innovative features and strong brand recognition.
These are just a few of the many options available to Virginia bettors. It's always a good idea to explore a few different sportsbooks to see which one best suits your needs and preferences.
Types of Bets Available
Virginia sportsbooks offer a wide variety of betting options to cater to all types of bettors. Some of the most common types of bets include:
- Moneyline: A straightforward bet on which team will win the game.
- Point Spread: A bet on the margin of victory in a game.
- Totals (Over/Under): A bet on the total number of points scored in a game.
- Parlays: A combination of multiple bets into a single wager. All bets in the parlay must win for the parlay to be successful.
- Teasers: Similar to parlays, but with the ability to adjust the point spread in your favor.
- Futures: A bet on an event that will happen in the future, such as which team will win the Super Bowl.
- Prop Bets: Bets on specific events within a game, such as which player will score the first touchdown.
Tax Implications for Winnings
Sports betting winnings are considered taxable income in Virginia. You are required to report any net winnings on your state and federal tax returns. If you win more than $600, the sportsbook may issue you a Form W-2G. It is always recommended to consult with a tax professional to ensure you are complying with all applicable tax laws.
Mobile vs. Retail Betting Options
Currently, sports betting in Virginia is an online-only affair. All legal sports wagering is conducted through mobile apps and websites. This offers a high degree of convenience, allowing you to place bets from anywhere within the state's borders. While there are no retail sportsbooks at this time, this is expected to change as new casinos are constructed in the coming years. These future retail locations will offer an in-person betting experience, complete with betting windows, kiosks, and a lively atmosphere.
Tips for Bettors in Virginia
- Take Advantage of Promotions: With a competitive market, Virginia sportsbooks offer a variety of bonuses and promotions to attract new customers. Be sure to shop around and take advantage of these offers to maximize your betting value.
- Bet on What You Know: It's always a good idea to focus your betting on sports and teams that you are familiar with. This will give you a better understanding of the matchups and help you make more informed betting decisions.
- Manage Your Bankroll: Set a budget for your sports betting activities and stick to it. Never bet more than you can afford to lose.
- Understand the Odds: Take the time to learn how to read and understand betting odds. This will help you identify value and make smarter bets.
Responsible Gaming Resources
Virginia is committed to promoting responsible gaming. If you or someone you know has a gambling problem, there are resources available to help. The Virginia Council on Problem Gambling offers a confidential helpline and a wealth of information on their website. Additionally, all legal sportsbooks in Virginia provide tools to help you manage your betting, such as deposit limits, time limits, and self-exclusion options.