Virginia was a little slower than many other states when it came to jumping on the legal sports betting bandwagon. The U.S. Supreme Court passed its sports betting ruling in May of 2018, but it was not until the following February before Virginia lawmakers began to debate the merits of legalized sports betting.
It would be another 13 months, March of 2020, before actual bills were introduced. April before they were passed. And not until July before the Virginia governor signed them.
Finally, in January of 2021, the first legal bets were being taken in the Commonwealth of Virginia, and the first free bets and bonus offers were being doled out to new sports betting customers.
The only Virginia free bets that are currently available are for online sports betting. Casinos are coming, and with those casinos, there will also be retail sportsbooks. But the real value for the operators and customers alike is the online and mobile sportsbook. It is more convenient, of course. Everyone likes to place bets from the comfort of their own home. But it is also more profitable for sportsbooks.
Online sportsbooks willingly offer new customers monetary incentives to register a new account. That's because their online take is higher than at brick-and-mortar sportsbooks. A little money upfront in the hopes of getting your loyal business has now become the cost of doing business. And it has become one of the major factors to consider when choosing which new sportsbook will become your wagering home.
New customers with the DraftKings sportsbook qualify for a free bet of $50, just for signing up. You will also get a deposit match bonus at 20%. That can climb as high as $1,000 if you deposit a full $5,000. It converts to cash at $1 for every $25 wagered.
In an unprecedented partnership with the Washington Football Team, the FanDuel sportsbook brings new Virginia customers a risk-free bet for up to $1,000. The bonus offer is automatically attached to the first wager you place. It is only for new customers of the FanDuel sportsbook.
One of the biggest names in gaming brings Virginia customers one of the better risk-free bets on the market. Place your first bet with BetMGM, up to $600. If that bet loses, the entire amount will be returned to your account in the form of free betting credits. If the wager is $50 or more, you will receive five betting credits equal to the total amount.
A new customer with BetRivers is eligible for a deposit match bonus. This is 100% match worth up to $250 in bonus money. Just complete the playthrough requirement of 1x, and the entire amount will be yours to withdraw as cash.
When you register for a new account with William Hill, you are eligible for a risk-free bet. This has a value of up to $500. The first bet that settles after registration will be your risk-free bet. If it loses betting credits in the total amount will be added to your account. Those credits must be used within seven days.
The Australian-based PointsBet gives new Virginia customers two different welcome bonuses. First is a $500 risk-free bet for your first fixed-odds wager. When placing a PointsBetting wager - a bet that multiples winnings and loses by the point differential of the bet - you are eligible for a $1,500 risk-free bet.
Sports betting is extremely popular. As each new state enters the legal sports wagering marketplace, millions of new customers are added to the mix. It is a huge industry, and lots of money is to be made. And the competition between sportsbooks to get those customers, and the money they spend, is fierce.
To get a leg up in attracting new business, sportsbooks need a hook. They need a reason for you to try out their product. And what better reason is there than the promise of easy-to-use free bets and bonus money. It has become an industry standard, and it is something you should always consider when choosing the right sportsbook fit.
No matter the type of sports bettor you are, there is a bonus offer built for you. From lower dollar, easy to use deposit matches for the more novice bettor to the $1,000 or more risk-free bets that speaks to the high-roller who bets every day. There is a free bet or bonus offer for all types of sports bettors.
Free is good, and bets are why you are here, so getting a free bet is nice. And it is really nice when you consider that the free bet is placed with the sportsbook’s money. Suppose the bet loses, no worries. It was not your cash. But if it wins, the profits of the wager (minus the original stake) are yours to keep.
Because the money used belongs to the sportsbook, the total for the free bet tends to be lower. Expect $10 to $20 usually, and sometimes as high as $50. But a free bet is always good to have.
Like a free bet, in that, if you lose the bet, you do not lose the money. But this bet is very different because the original stake is paid for by you and not the sportsbook. You are funding this type of bonus bet from the start.
A risk-free bet is almost always attached to the very first bet you place. What makes it a risk-free bet is that if the bet loses, you are given betting credits to match the original wager. So you get a second chance to win. If that second bet loses, then the money is lost.
This is the best type of bonus offer because as soon as it enters your account, it is cashable. You do not have to place a bet or make it a risk-free bet. There are no playthrough requirements since it’s not a deposit bonus. It is free money as a thank you for signing up.
These tend to be bonuses for $20 or less because it is automatic cash in your account. But free money is always the best kind of money, even if it’s only $20.
The biggest of all the possible bonus offers, these tend to also come with the biggest conditions. Before jumping into any deposit bonus offer because you see a high dollar figure, make sure you read the fine print.
Deposit matching bonus offers are only good for your first deposit. It is therefore sensible to make sure you know where the bonus maxes out. And not all sportsbooks match the bonus at the same percentage. Some match as low as 20%, while others will match the deposit at 100%.
The last thing you need to know are the requirements to turn that bonus into usable cash. It enters your account as a bonus only and is unlocked as cash after certain betting requirements are met. For higher amounts, you may need to fulfill a playthrough requirement of 5x or more. Smaller amounts might become cash in your account after wagering the total only once.
A top innovator in the daily fantasy sports world, DraftKings comes to Virginia as one of the biggest sportsbook operators in the United States. Where there is legal sports betting, there is DraftKings. And it is bringing with it a pair of bonus offers to new customers in Virginia.
New DraftKings sportsbook customers qualify for a free $50 bet just for signing up. It is one of the highest valued free bets in the business. Customers also get a deposit match bonus at 20% for up to $1,000. That deposit match bonus is released into your account as cash at a rate of $1 for every $25 wagered.
For the first time in American sports history, a NFL team and an online sports betting operator have created a market access partnership. The Washington Football Team and FanDuel have become joint partners in the Virginia gaming permit that allows FanDuel to offer legal sports betting.
Along with a unique NFL gameday experience, FanDuel offers new customers a $1,000 risk-free bet on the first wager placed. The bonus offer is for new sportsbook customers. If you have a current or past FanDuel DFS account, you are still eligible for the FanDuel sports betting bonus.
Three months after receiving its license from the Virginia Lottery Board, BetMGM launched in the Commonwealth with an easy-to-use $600 risk-free bet for new sports betting customers.
After registering for your new BetMGM membership, the first bet you place becomes your risk-free bet. If you wager less than $50 and the bet loses, a single betting credit will be added to your account for the amount of the loss. If you bet between $50 and $600, the amount of the loss will be given in the form of five equal betting credits.
This popular sportsbook comes to Virginia with one of the easiest to use deposit match bonuses anywhere in sports betting. While some other matches require a large deposit or the match is small, BetRivers will fully match your deposit up to $250. And the playthrough requirement is 1x. In other words, with a full deposit of $250 and a full bonus of $250, as soon as you wager a total of $500, the entire bonus becomes cash in your account.
Partnering with a Caesars casino that is yet to be built, but coming, is the longtime U.K.-based sports betting juggernaut William Hill. Their online sportsbook went live in February 2021, and it comes with a risk-free bet for new customers that has a value of up to $500.
Once your new account has been created, the first bet that settles is your risk-free bet. If that loses the total amount of the wager, up to $500, will be credited back to your account in the form of free betting credits. You will have seven days to use those credits. Otherwise, they will be forfeited.
The unique betting that is provided by PointsBet is coming to Virginia with a pair of bonus offers for first-time customers. You get a $500 risk-free bet on the first fixed-odds bet you place. There is also a $1,500 risk-free bet the first time you place a PointsBetting wager.
PointsBetting is a unique way of placing a point spread wager that is only offered by PointsBet. It takes the stake of your wager and multiples the amount you win or lose by the number of points your bet either wins or loses by.
If you are at least 21 years old, then you are able to open a legal sportsbook account in Virginia. But in order for you to claim free bets and bonus offers by making deposits and placing real-money bets, you must also be physically located inside Virginia.
Residency of Virginia is not required, but being physically located inside state lines at the time of placing wagers is. Location is determined by geotechnology in the IP address of your computer or inside your mobile device.
Sportsbook customers in Virginia will have a number of simple ways to make deposits into their sports betting accounts.
Credit and debit cards can be used, although most sportsbooks will only take Visa and Mastercard. Through your bank, you can set up online bill pay or transfer money by ACH/eCheck. E-wallets like PayPal and Skrill can be used. Or cash can be used through PayNearMe terminals or by depositing cash in-person at a future affiliated retail sportsbook.
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