Top-Rated Virginia Sportsbooks

Legal online and mobile sports betting has officially arrived in the state of Virginia! The Virginia General Assembly and Senate passed bills SB 384 and HB 896 in March of 2020. The legislation was officially passed in April of 2020, paving the way for sportsbooks to enter the market by early 2021.

The first wave of sportsbooks launched online in January of 2021. This included FanDuel, DraftKings, BetMGM, and BetRivers. Since that initial push additional sportsbooks (William Hill, WynnBet, bet365, and PointsBet) have registered and announced plans to enter the VA sports betting market in early 2021.

Find everything you need to know about each Virginia sportsbook below. This includes important rules and regulations, a breakdown of available promotions, and answers to frequently asked questions.

There are several regulations that affect both Virginia sportsbooks and bettors. It is important to familiarize yourself with each of these before opening an account in VA as they could affect how you bet and how your winnings are paid out.

Here are the key restrictions that apply to new Virginia sports bettors. Two that apply to all bettors and two that apply to those interested in betting on college sports.

• You must be at least 21 years old to bet on sports in Virginia. Sportsbooks are required to verify each customer's age prior to allowing them to open and fund a new account.
• All Virginia residents are eligible to bet at any of the state's approved sportsbooks. Visitors can only bet when physically located within the VA state lines.
• Betting on any of the state's colleges is not allowed. We have seen this sort of legislation in the past with states like New Jersey.
• In addition to not being able to bet on VA college teams, Virginia sportsbooks will also not be allowed to offer prop betting on college sports.

Obviously this is a bit of a downer for Virginia residents hoping to bet on the Cavaliers and Hokies, but they will still be able to get in on March Madness action for every game not involving a state school.

In addition to the restrictions on betting, there are a few rules that apply directly to VA sportsbooks. This includes a 15% tax on revenue and a $250,000 operator fee. While these are not the most sportsbook-friendly fees in the US sports betting market, they are far from the worst. As a result, Virginia sports bettors will have plenty of sportsbooks to choose from.

Virginia elected to not require sportsbooks to partner with the state's established casinos. As a result, more mobile and online sportsbooks can enter the market, giving VA bettors even more betting options.

Despite not requiring sportsbooks to partner with licensed casinos, several have already formed important partnerships within the state of Virginia. These range from FanDuel's partnership with the Washington Football Team to William Hill partnering with Caesars Casino. These partnerships open the door to new brick-and-mortar sportsbook options throughout the state of Virginia.

This decision also means VA bettors will have faster access to a wider variety of casino and poker apps. This drives competition in the market which means better promotion options, higher overall quality of games and software, and an overall bettor-friendly market.

Sportsbook promotions vary widely from book-to-book and season-to-season. Luckily for VA bettors, March Madness is arguably the second-largest sports betting event of the year here in the United States. This, combined with the state only recently launching legal sports betting, has created a competitive atmosphere driving huge sportsbook bonus offers.

The top-rated sportsbook promotions for Virginia this March include free bets, risk-free bets, deposit bonuses, and just straight-up free cash from PointsBet. Many of these offers can be activated now and saved to use in April during the 2021 Masters Tournament.

Virginia sportsbooks are rolling out all kinds of creative new player bonus offers for March Madness. Bettors will have their choice from over a dozen new promotions announced in the past week.

Sportsbooks like FanDuel and William Hill have elected to extend their NFL bonus code offers through the end of the NCAA Tournament. Alternatively, sportsbooks like PointsBet and BetMGM announced new promotions that include what essentially has to be considered free cash.

Each offer extends new VA bettors a great opportunity to build their bankroll without having to risk their own cash! Below are our two favorite bonus code offers currently available in the state of Virginia.