For years, officials in Virginia have been working hard to expand the state’s regulated gambling industry. It hasn’t been easy, yet things are finally moving forward here! Reports have confirmed that Virginia’s online gambling options are now officially live.
It’s a huge moment for gambling fans here. It’s easier than ever to begin placing sports wagers in this state. Now is the perfect time to look back at the road to get this industry up and running.
Let’s get into it!
Sports Betting Revenue Surged Throughout 2020
When compared to many other countries, the US is still very new to sports betting. For decades, only Nevada was legally able to provide sports gambling options. After the Supreme Court struck down PASPA in May of 2018, every state was finally given permission to regulate its sports betting industry.
It didn’t take long for state leaders to begin taking advantage of this new industry. New Jersey and Delaware immediately launched their sports betting platforms. Several other states quickly followed.
The massive revenue potential from this industry became clear right away. New Jersey started seeing a huge amount of money flowing in through sports wagers. As time went on, more state officials began looking at the regulation of this industry.
It’s been two and a half years since PASPA was removed. More than half the states in the country have now approved legislation to formally regulate their sports betting industries. Some states allow only land-based sports betting. Others offer both retail and online sports gambling options.
We can now add Virginia to the list of states with a regulated sports betting industry. This state’s internet gambling options have officially gone live!
Virginia’s Online Gambling Options Are Now Up and Running
Virginia is known for having an extremely passionate sports fan base. Unfortunately, lawmakers here have been largely anti-gambling over the years. Even common forms of gambling such as land-based casino gambling are prohibited in this state.
Interestingly, state officials here have been interested in the regulation of online sports betting since PASPA was struck down. These government officials recognized how much revenue could be earned via taxes from this industry. Finally, in April of 2020, Governor Northam formally approved online sports betting legislation.
Many have been disappointed at how slow the state has been at getting this industry operational. To the annoyance of many sports fans here, none of the state’s sportsbooks launched last year. Officials needed time to ensure things were launched in the right way. News surfaced last September that the sports betting platforms here would finally go live in early 2021.
More online sportsbooks will begin operating in this state over the next few years. Under the current legislation, 12 companies are legally able to launch internet sports betting platforms in the state. Several other major sports betting operators have already expressed interest in breaking into this new market.
It will be interesting to see how popular Virginia’s online gambling options become. We’ll be sure to offer updates over the next few months.
Breaking Down the Best Online Casinos in Virginia
It’s clear that online sports betting is one of the hottest new industries in the United States. It’s bringing in an incredible amount of money to many parts of the country. Even largely anti-gambling states such as Virginia have decided to embrace this industry.
Online casino gambling is also growing extremely popular throughout the United States. There are some fantastic US online casino sites operating right now. Most of them are available to residents in the state of Virginia.
One of the best is Bovada Casino. This company launched a decade ago and has grown to become one of the most trusted internet gambling platforms in the United States. Here, players will find popular games such as blackjack, roulette, and slot games.
Many also love Las Atlantis Casino. This site is fairly new, yet it has quickly developed a massive fan base around the country. There are safe payment options and a fun, unique design that makes it extremely easy to find the games you want to play.
The online casino industry is improving every single year. More casino sites in Virginia are likely to launch over the next few years. Spend a little time finding the ones that best fit your gambling preferences!
Are you excited to hear that Virginia’s online gambling options have launched? Which sport are you most excited to wager on? Let us know in the comments section below.
A longtime sports and gambling enthusiast, Kevin looks to present up-to-date and reliable information for readers. If he’s not writing, he’s probably watching MMA or playing blackjack. ...
The information found on Gamblingsites.org is for entertainment purposes only. It is a purely informational website that does not accept wagers of any kind. Although certain pages within Gamblingsites.org feature or promote other online websites where users are able to place wagers, we encourage all visitors to confirm the wagering and/or gambling regulations that are applicable in their local jurisdiction (as gambling laws may vary in different states, countries and provinces).
Gamblingsites.org uses affiliates links from some of the sportsbooks/casinos it promotes and reviews, and we may receive compensation from those particular sportsbooks/casinos in certain circumstances. Gamblingsites.org does not promote or endorse any form of wagering or gambling to users under the age of 18. If you believe you have a gambling problem, please visit BeGambleAware or GAMCARE for information and help.