At two o'clock yesterday, a Virginian bet $ 25 from a mobile device on the Golden State Warriors to beat the New York Knicks. Although the Warriors at home fell from that moment for the first time in Virginia's history between 119 and 104, sports betting in the Commonwealth is both legal and operational.
Of a litany of applicants, FanDuel's "thorough and impressive" application is the only one to have received one of a dozen coveted sports betting licenses from the Virginia Lottery Board.
William Hill, America's # 1 Sportsbook, has already partnered with Caesars Danville in anticipation of the Caesar & # 39; s resort's move to town.
After reaching out to William Hill, who was bought by Caesar & # 39; s for $ 3.7 billion in September, officials were unable to confirm a go-live date, which the Star Tribune had previously set for Jan. January had forecast. However, it has been hinted that sports betting still has time to go live ahead of the Super Bowl on Feb.7.
"Sports betting is not currently available in Virginia," said a representative.
Based on new laws passed in the current session of the General Assembly on Thursday, William Hill will face reduced competition that gets its license from the lottery. The state legislature said this week that casinos in the five cities were approved last year. Danville, Portsmouth, Norfolk, Richmond and Bristol; are entitled to sports betting licenses, which are in addition to the twelve licenses issued by the lottery.
William Hill, an internationally recognized bookmaker based in the UK who had its best hit in the US, has been in business for over 80 years.
A reliable source predicts that William Hill will have a welcome bonus offer of $ 500 that will be rolled out to new accounts in Virginia with a $ 250 deposit upon launch. There is also a promotional offer of up to $ 300 risk free initial bet for registration.
FanDuel, which is already live, is offering a $ 1,000 risk free bet. When they say "risk free" it means that an initial loss of up to $ 1,000 will be credited back to the bettor. A winning bet, however, means new money in a bettor's account.
FanDuel also offers 25-1 Moneyline odds on the Chiefs or Bills in the AFC Championship game tomorrow if the bet wins.
However, Virginia law states that wagering on youth, college and Olympic sports is prohibited. Just bets on the NFL, NBA, NHL, MLB, golf, lacrosse, mixed martial arts, soccer and tennis are allowed.
Officials predict at least a few more sports bets will be live in time for the Super Bowl. The companies expressing interest in a Virginia lottery license are BetMGM, BetRivers, DraftKings, Handle 19, Hard Rock, PointsBet, theScore Bet, US bookmaking and of course William Hill.
"Decisions on additional approvals are imminent, and we anticipate more than one sports betting company will be able to accept legal bets from Virginians in time for the Super Bowl on February 7th." Virginia Lottery Board spokeswoman Jennifer Mullen said.
After two attempts, including one failed attempt in 2019, Virginia joined Maryland in 2020 to legalize sports betting. Sports betting is already legal in West Virginia and Washington, DC, along with other states. Only neighboring North Carolina still legally prohibits sports betting.
With five slots and hundreds of cities to choose from, Virginia lawmakers didn't make a decision to place casino operations in Virginia's most populous cities. Instead, cities like Danville on the North Carolina border and Bristol on the Tennessee border, where sports betting is also illegal, are strategic in getting more money outside of the state into the Commonwealth.
When physical sports betting is introduced in Virginia as open casinos and the authorities have confirmed it, this strategy will take effect. To date, there is still no physical sports betting in the Commonwealth.
FanDuel, who added Virginia to its nine-state presence, launched yesterday through a partnership with the NFL's Washington Football Team [formerly Washington Redskins].
Sources said the move was an incentive for the team, now in a generation phase, to move its stadium from Landover, Maryland to Northern Virginia. The team already has an administrative headquarters here at the Old Dominion, as well as a pre-season training camp in Richmond.