Virginia sports betting is here, although, the number of sportsbooks is limited. However, DraftKings was one of the first to market.

Below, we have a guide to help residents and visitors to the Commonwealth navigate the DraftKings Sportsbook app. Check out tips on creating an account, depositing and withdrawing funds, and selecting sports to bet on.

Jan 22, 2021 By Bob Wankel. January 22, 2021. DraftKings Sportsbook continues an outstanding run of awesome new user bonuses with its latest offer of wild 100-1 odds for the NFL’s conference championship games. And now, bettors in Michigan (among a growing list of other states) can take full advantage of this offer. 4-11-1 4th in the NFC East. The Philadelphia Eagles' odds to win the 2022 NFC Championship are +2500. As the Official Daily Fantasy Partner of the NFL, DraftKings is the best place for all of your fantasy football action. To welcome a huge weekend of betting action, DraftKings Sportsbook is giving new players in states such as Pennsylvania and New Jersey (among several others) the chance cash in on the ultimate low-risk, high-reward odds boost. New players who sign up between now and Monday night can grab 100-1 odds on any team in action to win. January 22, 2021. DraftKings Sportsbook continues an outstanding run of awesome new user bonuses with its latest offer of wild 100-1 odds for the NFL’s conference championship games. And now, bettors in Michigan (among a growing list of other states) can take full advantage of this offer.

Virginia Sports Betting DraftKings bonus offer

In jurisdictions where DraftKings is live across the US, there are several odds boosts, bonuses, and promotions.

When you sign-up with DraftKings in Virginia with the link above, you can also expect a Virginia-specific offer that focuses on the Washington Wizards.

Double your money if the Wizards hit a 3-pointer vs. the Atlanta Hawks on Jan. 29 @ 7 p.m. ET.

However, there are a few requirements:

• This is for first-time depositors only.
• Make a $5+ deposit into your sportsbook account.
• Bet must be placed before tipoff.
• Max bet of $50.
• One bet per user.
• This bet excludes live bets, parlays, free bets, cash out bets, and voided bets.

Once you make a deposit, you will be issued one single-use odds boost (+100) for ‘over 0.5 3-pointers made by the Wizards.’

Creating a DraftKings Sportsbook account for Virginia online betting

When creating a sports betting account anywhere in the US, where online sports betting is legal, you will be asked to provide the same private information. This goes for any sports betting operator you choose.

Download the DraftKings Sportsbook app for iOS or Android and follow the “create account” steps.

Some of the information you might be asked to provide include:

• Full name
• Last 4-digits of your social security
• Date of birth
• Address and zip code
• phone
• email

Remember, this is standard across the board. There isn’t an online sportsbook in the US that won’t ask you to provide some combination of the above information.

Lastly, you will be asked to create a username and a secure password.

How to deposit and withdraw funds at DraftKings Sportsbook Virginia

After you create an account (but before you start betting) you will need to add money to your newly create sports betting account.

Much like other online accounts such as Amazon or iTunes, you will need to move money from your personal bank account to your betting account to begin placing bets.

DraftKings Sportsbook makes this process easy by providing multiple avenues to transfer money.

Some of the easiest include:

• Credit/debit card
• online bank transfer
• Paypal/Skrill
• E-check
• Wire transfer

Draftkings also allows you to withdraw your money at any time. You can select the “withdraw” function by first accessing your profile on the top left of the home screen. Click withdraw and follow the instruction on the screen.

Withdraw options below include the number of days it takes to receive your money and the minimum amount you can take out:

• Paypal:3-5 days w/ $1 minimum
• Check:7-14 days w/ $15 minimum
• Online banking:3-5 days w/ NO minimum

Placing bets with DraftKings for online sports betting in Virginia

You have an account. You have money in your account. You are now ready to place bets.

First off, there are a number of traditional bets you can choose from, such as:

• Moneyline
• Parlay bets
• Point Spread
• Over/Under
• In-game bets
• Futures

Draftkings Sportsbook Nfl Odds

In-game bets or “live-wagers” take place once a game or match has already started. These vary depending on the sport. But, they can range from the next player to score a touchdown, or which team will score the next basket, the Wizards or the Hawks.

Additionally, futures bets are wagers on the things like the 2021 World Series Champion or the 2021 Stanley Cup MVP.

Of course, professional football is coming to a close, but Super Bowl LV is two weeks away. Other professional sports leagues like the NHL, NBA, and college basketball are in full swing.

Other sports you can bet on include:

• Golf
• Tennis
• MMA/boxing
• Baseball
• Hockey
• Football
• Basketball

Online sports betting on Virginia area teams

Unfortunately, state law prohibits betting on Virginia collegiate teams. This means you won’t be able to place bets on teams like the Virginia Cavaliers, Virginia Tech Hokies or Richmond Spiders.

Virginia also lacks a professional sports franchise. However, there are a number of pro-sports teams nearby to place wagers on.

These include:

• Washington Wizards (NBA)
• Washington Nationals (MLB)
• Washington Capitals (NHL)
• Washington Football Team (NFL)
• Carolina Panthers (NFL)
• Carolina Hurricane (NHL)
• Charlotte Hornets (NBA)

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Choose any combination of sport, team, and bet, choose the amount you want to wager, and press “bet.” You can find a list of bets you place under the “My Bets” tab at the bottom of the screen. Then kick back and enjoy the game.

DraftKings has expanded its DFS deal with the NFL north of the border in a move that could boost the operator’s profile ahead of legal sports betting in Canada.

The NFL and DraftKings first partnered back in September 2019 with DraftKings named the exclusive DFS sponsor of the league.

As part of that agreement, DraftKings gained access to NFL branding and content opportunities across the DraftKings app and NFL Media.

That partnership was for the US only but has now been expanded to the Great White North.

Is DraftKings focused on DFS or betting?

“The relationship we share with the NFL is important for DraftKings to provide customers a great experience,” said Ezra Kucharz, chief business officer at DraftKings.

“This expanded agreement gives us a unique opportunity in the Canadian market. We look forward to working with the team at the NFL Canada as we continue to shape the modern fan experience.”

A quote from the NFL also spoke about the growing popularity of DFS in Canada. But it’s hard to look past Canada sports betting as the key driver for the new deal.

Momentum for Canada sports betting

The Canadian government is bidding to end the federal ban on single-game sports betting.And the province of Ontario plans to end its lottery-run monopoly on online gambling. That would allow private operators into the market.

Ontario alone would be equal to the fifth-largest state in the US with 15 million citizens. Toronto-based TheScoreestimated a market potential in Ontario of $1.5 – $2.1 billion in annual gross gaming revenue.

The market could be live by the second half of 2021, TheScore said.

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Just as DraftKings built up an audience in the US via DFS, it can now gain a similar head-start in Canada sports betting. All told it’s been a good news week for DK. The company’s stock jumped more than 10% following an investment from one superstar stock picker.