In a surprise, Virginia online sports betting is officially live.
FanDuel Sportsbook announced in a tweet that it will be launching on Thursday. And at 2:30 p.m. ET, they went live. Adults within Virginia state lines can now sign up, deposit and bet with their phones or computers.
FanDuel is offering new users several great sign-up offers:
There has been no word on whether other sportsbooks will be joining FanDuel in launching in Virginia, a notable difference from Michigan, which is also set to go live this week and has publicly announced approvals for 15 sportsbooks, 10 of which will start accepting bets Friday at noon ET.
While FanDuel is first to market in Virginia, it’s fair to expect big competitors such as DraftKings, BetMGM, BetRivers, PointsBet and others to be in the mix soon. BetRivers notably already has a casino partnership in the state.
Virginia has reasonable fees and a favorable tax rate (15%), which should encourage operators to enter the competitive field. It’s fair to expect most major sportsbooks in the U.S. to seek regulator approval as soon as possible.