Total gambling in Virginia — with riverboat, sports betting, lottery, and charitable gambling combined — generates up to 10 billion USD yearly. Out of all these activities, sports betting remains the most popular, generating up to 4 billion. It is followed by lotteries that sell up to 3 billion worth of tickets yearly.
Land-Based and Riverboat Casinos in Virginia
Up until 2019, there were no land-based casinos in Virginia. To be exact, there were also none by the time we were ready to publish this review a couple of years later. However, during these two years, the state made an important decision.
It allowed residents of certain cities in the Old Dominion State to vote whether they’d like to allow casinos or no. The cities where the vote took place were Bristol, Danville, Norfolk, Portsmouth, and Richmond. Currently, the legislators process the results of the ballots and work out a way to regulate the niche.
Usually, when states don’t have casinos, tribal places to bet and win are still allowed. However, there are none in the state of Virginia.
As for the riverboat casinos, the state has Riverboat on the Potomac — a boat operating 7 days a week since 11 a.m. It is not exactly a riverboat casino as it does not set sail. Also, the closest thing to casino services that it has is live Keno. There are no slots or table games. The visitors can also participate in off-track betting, purchase lottery tickets for lotteries in Virginia and Michigan, and dine in the restaurant.
Pari-Mutuel Betting in Virginia
In Virginia, what bettors have is off-track betting also known as OTB. This is the form of betting on horse racing allowed in Richmond, Alberta, Hampton, Vinton, and Chesapeake. There is also one racetrack field in the state. Along with placing bets, bettors can also use horse racing machines.
Sportsbook — online and offline — was voted legal in January of 2021. Currently, the state working out a way to license and certify providers. In other states, Sportsbook is assigned to land-based venues but since there are none in Virginia, we are expecting unusual solutions. Up to a point where residents of the state will be allowed to place bets on Sportsbook in other states.
Lotteries in Virginia
Lotteries have been around for years in Virginia. This is a state-regulated niche distributing tickets locally, as well as being part of the national lotto games. On average, the lottery generates around 2.5 - 3 billion USD in ticket sales and pays out less than 2 billion in prizes. The surplus from the lottery goes to funding state education.
Charitable and Private Gambling in Virginia
Under the laws of the state, bingo, instant bingo, raffles, and pull-tabs can be considered charitable gambling. The organizations that hold such events, need to comply with a list of rules and also pay a yearly fee of 200 USD.
Private events can be held by individuals under one circumstance, that the house does not take the rake.
Skill Gaming in Virginia
Virginia allows skill-based gambling. In accordance with the definition, a game is considered a skill-based one if the player can in any way influence the outcome of the game by applying a certain skill. This can be as easy as moving a reel to make the symbols match. Skill-based games can be found in bars, taverns, and convenience stores.