Virginia Sportsbook Promotions
Sports fans in The Old Dominion state can legally place bets on a wide range of US and international sports. If you are 21 years of age and are located within VA state lines, you can place bets with an ever-growing number of sportsbooks. The very latest VA sportsbook signup bonuses are below.
If you or anyone you know has a gambling problem, please call 1-888-532-3500.
Step by Step Start to Sports Betting in Virginia
- Before you sign up to any Virginia sportsbook, boost your chances by claiming one of our sportsbook signup offers above. Click any ‘Claim Now’ button above to get started.
- Our links directly open the sportsbook's sign-up page for you and activate any bonus rewards. You might need to input one of our exclusive sportsbook promotional codes - which you will also find, if required, in the offers above.
- Follow the simple steps to claim your bonus bets. Each offer has specific terms and conditions, potentially including bet increments, time limits, and play-through requirements. Familiarize yourself with these before proceeding to bet.
- Be ready to verify your identity. You'll typically need your Social Security number, but a secondary ID could also be required – so having a driver's license or state ID nearby will be handy.
Virginia Sports Teams & Futures Odds
Team | Odds | DraftKings | FanDuel | Caesars Sportsbook | BetMGM | Bet365 |
|---|
Washington Capitals | Stanley Cup Champion | +6000 | +7000 | +6600 | +6800 | +5000 |
Washington Wizards | NBA Champion | +100000 | +100000 | +100000 | +100000 | +100000 |
Washington Commanders | Super Bowl 59 Champion | +12000 | +12000 | +15000 | +15000 | +12500 |
Virginia Cavaliers | College Football Playoff Champion | +100000 | +100000 | +100000 | +100000 | |
Virginia Tech Hokies | College Football Playoff Champion | +25000 | +20000 | +30000 | +25000 | +20000 |
James Madison Dukes | College Football Playoff Champion | +90000 | +100000 | +75000 | | +50000 |
Betting on College Sports in Virginia
If you're located in Virginia and want to place a bet on college sports – you are subject to the following restrictions:
- You cannot bet on any game featuring an in-state college, even if they are playing outside of Virginia. You can, however, bet on out-of-state college sport teams.
- Prop bets of all types are banned for college sports in Virginia.
Taxation on Sports Betting Winnings in Virginia
Winnings received from online sports betting are considered taxable income by the IRS. All winnings must be reported as ‘Other Income’ on your federal tax return (Form 1040). The amount of tax you owe depends on your total income for the year. It’s important to keep an accurate record of your sports betting activity for taxation purposes.
In addition to federal tax, Virginia additionally taxes winnings at the state level - based upon your annual income band:
Income | Tax Rate |
|---|
$3,000 or less | 2% |
$3,001-$5,000 | $60 plus 3% of excess over $3,000 |
$5,001-$17,000 | $120 plus 5% of excess over $5,000 |
$17,001 and higher | $720 plus 5.75% of excess over $17,000 |
Virginia Sports Betting Regulation
The Virginia Lottery is the body tasked with all the regulatory responsibilities for online sports betting. This includes its regulation, licensing, auditing, and compliance.
You can find the monthly sports betting handles & revenues for Virginia here: https://www.valottery.com/aboutus/casinosandsportsbetting/sportsbetting
Responsible Gambling In Virginia
oddschecker supports Fun, Safe & Responsible Gambling. Head to our Responsible Gambling page for more information and links to resources which could be helpful. Gambling and sports betting are designed purely for fun and entertainment, but when they escalate to harmful levels, severe repercussions can follow. In essence, any gambling that negatively impacts your personal or work life constitutes problem gambling.
The notion of responsible gambling encourages secure, controlled, and lawful gambling experiences while reducing the potential harm to individuals, families, and society. The saying “too much of a good thing can be detrimental” is applicable to gambling
Signs of Problem Gambling
Several warning signs indicate problematic gambling behavior, such as:
- Frequently daydreaming about gambling or betting strategies
- Increasing bets to achieve the thrill of excitement
- Wagering money not designated for entertainment or money you cannot afford to lose
- Feeling irritable, anxious, or annoyed when ceasing gambling activities
- Engaging in illegal activities to support or fund gambling
- Taking loans to finance gambling
- Attempting to recover lost funds by placing larger bets
- Deceiving friends, family, and colleagues about the extent of your gambling
However, the most significant and telling sign of excessive gambling is the inability to stop or reduce it despite attempts to do so. In addiction terminology, this is referred to as acting “without your own permission.”
If you or anyone you know has a gambling problem, please call 1-888-532-3500.
