Virginia may soon become known for more than its slogan implies; casino gaming and sports betting may soon follow. The Virginia legislature recently approved of casino gaming coming to five eligible cities across Virginia – marking a huge step forward for gambling enthusiasts while contributing significantly to strengthening Virginia’s economy with online and mobile casino gaming.
As of right, Virginia residents who wish to gamble online legally only have two legal options: social and sweepstakes casinos. These online gambling sites allow people to enjoy slots and table games like blackjack for free on both their computer or smartphone without making deposits or bets; instead they use virtual currency called Sweeps Coins which can be redeemed for cash prizes.
Further, many of Virginia’s premier online gambling sites provide secure deposit and withdrawal methods. This can include an array of e-wallets that have become increasingly popular worldwide – these payment methods provide fast security features to help protect players against potential risks with their accounts.
Virginia law regarding gambling is strictly regulated, with laws prohibiting any form of betting other than for charitable causes. Certain games do fall within this definition – bingo being one such example that allows participants to join as long as it’s supported by charitable organizations.
The Virginia Lottery regulates Virginia’s sports betting market, consisting of standalone mobile sportsbooks as well as two NASCAR race tracks. Casinos and professional sports venues may also open sportsbooks so long as they abide by state regulations.
Virginia was among the first states in the country to pass legislation legalizing daily fantasy sports paid entry contests, paving the way for some of the largest DFS operators such as DraftKings and FanDuel to operate here.