Sports Wagers
DENVER (AP) — Colorado’s new sports betting industry reported nearly $1.2 billion in wagers from May to December 2020.
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This is despite the fact that the industry was legalized in the state starting May 1, when few professional sports were being held because of shutdowns from the coronavirus pandemic.
Colorado residents placed a record $284.5 million in wagers in December, its largest month by 23%, the state Department of Revenue said on Monday.
American football was the most lucrative sport with nearly $90 million in wagers. Professional basketball ($42.9 million), NCAA basketball ($35.2 million), NCAA football ($14.9 million) and table tennis ($10.9 million) were the next most popular sports.
The state said it collected more than $3.4 million in taxes from sports gambling in 2020.
“Hitting the $1 billion mark is a milestone event for the department, leading us to believe that the trust and competition in the industry are leading bettors from the black market to the regulated market,” said Dan Hartman, director of the Colorado Division of Gaming, in a statement. “We believe the legal marketplace is having and will continue to have a positive impact on Colorado.”
In December, digital sportsbooks accounted for 99% of all bets, the Denver Post reported. Retail sportsbooks at casinos in Black Hawk, Central City and Cripple Creek were responsible for the remaining $4.1 million.
Virginia sports betting officially went live in January 2021 after the state legalized betting in 2020.
At the start, sports betting in Virginia will take place via mobile and online sportsbook apps, which have become increasingly popular through the legal US sports betting market.
FanDuel Sportsbook launched the first app through a partnership with the Washington Football Team.
More sports betting apps are in the approval process in Virginia. DraftKings Sportsbook is licensed and live, and BetMGM and BetRivers began operation in January 2021 as well. William Hill joins the market in February 2020.
Here is more of what you need to know about Virginia sports betting.
Virginia sports betting now live in 2021
Legal Virginia online sports betting
Virginia sports betting became legal in April 2020, when the Virginia state legislature passed a sports betting bill.
Betting on sports in Virginia eventually will become available from anywhere within the borders of the state. Mobile VA sports betting on smartphones will allow bettors to sign up for and fund accounts through apps on your device.
You do not need to live in Virginia to bet on sports in the state. You will, however, need to be physically located in the state to place a wager legally.
The state lottery oversees VA sports betting. Regulations are already in place, and more than two dozen sportsbooks have applied to operate in the state. There could be up to a dozen apps available throughout Virginia eventually.
Best Virginia sportsbook apps
State law mandates that there will be a minimum of four and a maximum of 12 VA sportsbook apps available.
FanDuel Sportsbook launched first, and DraftKings Sportsbook, BetMGM, BetRivers, and William Hill followed closely. Many more sportsbooks will offer sports betting apps in Virginia. Many of these brands are participating in new markets throughout the US legal market:
Generally speaking, more sportsbooks in a given state lead to a better market. Competition to gain customers often leads to sportsbooks offering better signup offers and promo codes. These can include free bets or deposit matches, ranging from a few dollars to a few hundred dollars.
This is not necessarily a complete list of potential VA sportsbooks. Your smartphone device will use geolocation technology to verify that you are within Virginia before allowing you to bet with these sportsbook apps.
Here’s some more information on some of the biggest sportsbooks that will likely find their way into Virginia:
DraftKings Sportsbook
DraftKings, a leader in both daily fantasy sports and sports betting in the US, has been aggressive about getting into every state possible, and it went live in the state in January 2021.
If you’re a new bettor, you can receive $50 free, plus up to an addition $1,000 in bonus offers.
FanDuel Sportsbook
FanDuel is the current US leader among all sportsbooks in terms of amount wagered, Virginia is an obvious choice for the FanDuel sports betting app. The app provides weekly promotions, daily odds boosts and a live betting tool.
Bettors in the state get up to a $1,000 risk-free bet upon a first deposit.
BetMGM Sportsbook
The sportsbook from MGM Resorts International has been similarly aggressive entering every online sports betting state it can. It will not have a brick-and-mortar casino in the state, but does have one in neighboring Maryland. MGM started its app in January 2021.
Sports Wagers Club @me
Bettors should get a deposit match bonus of up to $500, based on what MGM does in other states.
BetRivers Sportsbook
BetRivers parent Rush Street Interactive partnered with the upcoming Rivers Casino Portsmouth to launch sports betting in Virginia. The brick-and-mortar casino will come later but the mobile platform is available now.
Bettors should be able to access a bonus offer comparable to that available in other states.
William Hill Sportsbook
Caesars will build the casino in Danville; Caesars is also buying William Hill. One plus one equals a VA sportsbook from William Hill, a big operator in Nevada and the UK, with a growing footprint around the US.
William Hill offers up to a $500 free bet on a first deposit in many other states.
Virginia sportsbooks at casinos
As Virginia sports betting launches, there aren’t any physical sportsbooks. Part of the reason why? Virginia casinos were approved in 2020 referendums and will be built in the coming years. And there should be sportsbooks at those casinos eventually.
There could also be physical sportsbooks at sporting venues, like Virginia’s two auto racing tracks.