Last Updated on March 8, 2020

In what promised to be a quiet Sunday in sports betting, there was a shocker. The State of Virginia passed a sports betting bill in the House and Senate, and is sending to the Governor’s desk for signing. Virginia will be the 17th or 18th state to legalize sports betting, depending when a few others launch (Michigan, Colorado). This was not expected, so it is great news for all involved assuming the Governor signs the bill.

 

Virginia Legal Sports Betting Details

More details will be released, but here is what we know:

  • No betting on Virginia college teams
  • Tax Rate is 15%
  • Mobile AND Retail Sports Betting Legislated
  • Official league data is required
  • No prop bets on any college athletics
  • Major league franchise allowed to conduct in-person sports betting at a facility (Redskins, most likely)

The bill will allow for at least four online sportsbooks, but no more than a dozen. This is great news for DraftKings Sportsbook, FanDuel Sportsbook, and other mobile sports betting operators.

 

Dan Snyder to Built New Facility in Virginia?

With this news including a specific piece in the bill about major league franchises conducting in-person betting at their facility, it indicates what Dan Snyder has been lobbying for as he looks for a new stadium for the Washington Redskins. Expect a site to be announced in Virginia, and rumors are circulating of a plot of land near Dulles Airport, in Virginia. Reading between the lines indicate that the next site for the Washington Redskins will certainly be in Virginia.

 

When Can I Bet on Sports Legally in Virginia?

This news is in its infancy, but with full measures taken and assuming the Governor signs the bill…expect to have in-person betting by the end of the year and mobile betting closer to the beginning of 2021. Either way, this is great news for the legal sports betting industry, Virginia bettors, and more.

The next step is for Governor Ralph Northam to sign the bill.

For more news on legal sports betting, click here.

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Jason is the founder of ActionRush.com. The site is dedicated to reporting on the latest sports betting news, odds, and industry rumors.
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