Online Sports Betting in Virginia Starts Today
Sports betting fans in Virginia will get to start wagering from the comfort of their home today. This is because Online Sports Betting in Virginia Starts Today according to a FanDuel tweet. Even though a specific time was not set, their online gambling app should be available Thursday.
Virginia is one of the newcomers to legal sports wagering and is the 12th state to legalize it. However, they are also the second state to legalize online sports betting. Furthermore, some of the more prominent sportsbook providers in the state include DraftKings, FanDuel and BetMGM.
Therefore, even though FanDuel expects to be the first online sportsbook in the state, they will not be the last. This is because Virginia is a strong sports gambling market with a lot of competition with 15 sportsbooks with licenses. 1o of them will start taking bets on Friday. Since none want to lose to the competition, most will have their online sports betting software ready.
What to Expect from Online Sports Betting in Virginia
It comes to no surprise to gambling analysts that FanDuel is the first sportsbook to offer online betting in Virginia. This is because ever since sports betting became legal in the U.S., they have been at the forefront of it all. In almost every state, FanDuel took the lead in obtaining a sportsbook license for their sportsbook app.
Virginia is a state with a fair gambling license fee and a 15% sports betting tax. Therefore, sportsbooks in Virginia are more competitive because they can afford to give more player incentives. Of course, small operations will have a harder time competing unless they expand their sportsbook with a Pay Per Head.
One of the challenges that Virginia will in the sports wagering market are their gambling restrictions. This is because according to the law, bettors cannot wager on college teams from the state. Therefore, Virginians are not able to bet on Duke or the Cavaliers.
However, we are certain that it will not keep most bettors from placing their bets. Especially since they will now be able to bet legally on the Super Bowl!