Virginia Fantasy Sports & Sportsbook Promo Codes December 2024

See below for details on how to claim your Virginia fantasy sports and/or sports betting bonus.

1) Is Sports Betting Legal in Virginia?

Yes! Sports betting went live in Virginia in January 2021. Revenue and handle from the launch has been limited, but legislation is expected this year that could lead to Virginia sports betting nearing the level that nearby Maryland has enjoyed.

2) Is Online Sports Betting Legal in Virginia?

Yes! Online sports betting went live at the same time as in-person betting did -- January of 2021.

3) What Promo Codes / Deposit Bonuses are available for me and How Can I Use Them?

Bet365 Sportsbook

• Bet $1 and Get $200 in Bet Credits

BetMGM Sportsbook

• Get Paid Back up to $1,000 if your first bet loses + One FREE Month of Stokastic+ Platinum

BetRivers Sportsbook

• Get a 2nd Chance Bet up to $500

Caesars Sportsbook

• Your First Bet is on Caesars up to $1,250 plus 1,000 Reward Credits and 1,000 Tier Credits.

DraftKings Sportsbook

• Bet $5 and Get $150 - Win or Lose!

FanDuel Sportsbook

• Bet $5+ and Get $150 in Bonus Bets Guaranteed!

PointsBet Sportsbook

• 5X Second-Chance Bets up to $50 Each

WynnBet Sportsbook

• Bet $100 and Get $100 in Bet Credits

4) What Sportsbooks and Online Sports Betting Apps are available in Virginia?

• Barstool
• Bet365
• Betfred
• BetMGM
• BetRivers
• Caesars
• DraftKings
• FanDuel
• Hard Rock
• PointsBet
• Sports Illustrated
• Unibet
• WynnBet

5) What are the Most Common Types of Sports Bets Can I Make in Virginia?

Straight bet

This is the most common bet type, and it is just a straight up single bet on a game. A point spread is determined by the oddsmakers with one team being favored by a certain number of points. Let’s take a look at an example line below to give a clear indication of what a straight bet would be:

Washington Wizards -7.5 (-110), Moneyline -320

at Minnesota Timberwolves +7.5 (-110), Moneyline +260

Over/Under 206

The Wizards are favored by 7.5 points in this example. This means that if you bet the Timberwolves, you are getting 7.5 points, so if the Timberwolves win the game, or lose by fewer than eight points, you will win the bet because of your 7.5-point cushion. On the other side, when you are laying 7.5 points as the favorite, you would need the Wizards to win by eight or more to win the bet.

Final Score: Wizards 102, Timberwolves 98. Timberwolves would cover even though the Wizards won the game because the +7.5 point spread is enough to cover a four-point defeat.

Moneyline Bet

The moneyline is a bet where there is no spread; you are just picking the winner of the game. In the example above, the Timberwolves ML is +260, which means that for every $100 wagered, you win $260 if the Cavaliers win the game outright. They receive the plus side of the moneyline since they are the underdog and picking them rewards you with nice odds since they are projected to likely lose the game. On the flip side, if you bet the Wizards ML at -320, you have to bet $320 to win $100. They are the favorites so if you decide to bet the moneyline instead of the point spread, you are forced to bet additional money to win $100.

In the example above, the Wizards ML would be the winner as they won the game outright. The spread is irrelevant for a moneyline wager.

Over/Under

This is a straight bet wagering on how many total combined points will be scored in a game by both teams. For example, an NBA game may have an over/under of 210 points, which means that the oddsmakers are projecting a combined points total of 210 between the two teams. If you think the teams are going to score more than 210 points total, you bet the over, and conversely, if you think it’s going to be a defensive struggle, you can bet the under hoping that the total points scored equals 209 points or less. In the example above, the over/under for the game was 206. If the final score was 102 to 98, the under bet would have won since 102+98=200.

Parlay

A parlay is a bet where you combine multiple bets into one bet, and you get increased odds because you only win your parlay wager if all of your bets win. If you do a three-team parlay, you select three different teams from three different games and if you win all three of the bets you hit your parlay for longshot odds (6-1 so $100 to win $600). Going 0/3, 1/3, or 2/3 is all the same and you lose the parlay bet. It’s all or nothing which makes them tough to hit and is more of a home run type bet than a regular straight bet since there’s a chance for a big payoff.

Player Props

A player prop is a simple over/under bet on a player stat category. A player prop has nothing to do with the end outcome of the game that they are playing. For example, you can bet Jamal Murray O/U 22.5 Points. The over/under works in the exact same way as the total points over/under. If Jamal Murray scores 23 or more points, the over bet wins. If Jamal Murray scores 22 or less points, the under bet wins.

6) What are the Most Popular Sports Teams to Bet on in Virginia ?

Though no professional sports teams make their home in Virginia, the state has many fans of Washington D.C. sports teams. The Capitals, Wizards and Nationals are the big four teams that play in the nation's capital, while the Commanders are located in nearby Landover, Md.

Baltimore-based teams are less popular in Virginia, but the Orioles draw a decent fandom in the state since they have far more generational history than the closer Washington Nationals.

Of course, college sports are also very popular in Virginia, particularly in basketball and football for the two major universities: Virginia and Virginia Tech. Additionally, Liberty, Old Dominion and James Madison have some following in football, while Virginia Commonwealth (VCU), George Mason, Richmond and Georgetown are popular college basketball teams in the area.

Read further for commonly and frequently asked questions regarding sports betting and fantasy sports in Virginia.