DraftKings Virginia Promo Code & Sportsbook Review 2022

$50 Free Bet
& $1,000 Deposit Bonus - T&Cs Apply
4.8
Overall
Bonuses and Promotions
4.7
Odds Vs. The Competition
5.0
Market Depth & Variety
4.5
Deposit & Cash Out
5.0
Mobile App
5.0

Bottom Line

DraftKings Virginia is a great pick for any level of sports bettor. This is a brand that’s consistently the top-rated choice in other states with legal online sports betting, and for good reason.

DraftKings Sportsbook is an exceptional mobile app, and members both new and old have access to a range of bonus offers. The odds are also extremely competitive, and you’ll have your pick of all US sports betting markets and most international competitions.

If you enjoy betting on your mobile device, there’s no better platform in US sports betting. But Virginia sports bettors have more reasons than that to use the DraftKings Sportsbook, which we will outline below.

Visit: DraftKings Virginia

Great Odds
Banking Options
Strong App

See DraftKings in Action

 

DraftKings Virginia Sportsbook Promo Code 2022

Use any of our DraftKings Virginia promo code links (like this one) and you will get up to a $1,000 deposit bonus plus a $50 free bet with a $5 deposit. Terms and conditions apply.

DraftKings Virginia Promo CodeUse our exclusive link for $50 free bet
Deposit Bonus$50 free bet with $5 deposit + 20% up to $1,000
What States Allow DraftKings SportsbookAZ, CO, CT, IL, IN, IA, KS, LA, MI, NH, NJ, NY, PA, TN, VA, WV & WY
Promo Code Verified ForOctober 2022
4.7
Promos

The DraftKings Sportsbook welcome bonus is unique. It’s not the standard $1,000 risk-free bet offered by most sports betting sites and apps in the US. But it’s also not the BetRivers 100% deposit bonus up to $250. Instead, their main bonus matches your deposit by 20% up to $1,000.

Rather than the standard playthrough requirement, DraftKings Virginia will release your money in $1 increments for every $5 you bet. The bonus money that’s released is tied to a playthrough requirement, which means you have to use it to wager on the site, rather than simply withdraw it. But any winnings are yours to keep.

In addition, DraftKings will give you $50 in free bets if you sign up and deposit $5 or more. That’s a great way to get started with DraftKings Virginia sportsbook.

At the end of the day, the DraftKings promotions in Virginia are excellent. We still prefer the more straightforward BetRivers offer (especially for casual bettors), but this DraftKings offer is great. Plus, it’s uniquely their own, which is always nice to see as well.

5.0
Odds

Does DraftKings Deal Competitive Odds?

DraftKings is among the sports betting industry’s best when it comes to offering competitive odds. DraftKings maintains a level of consistency compared to other sportsbooks in the marketplace.

How Do Spreads & Totals Work?

Point spreads and totals represent the basics of sports bets, but they are also very popular. If you’re betting on the spread, a team will have to win or lose by a certain number of points.

Say, for example, the Washington Commanders are getting 4.5 points on the spread against the Dallas Cowboys. The Commanders can lose by no more than four points to cover the spread. You’re adding 4.5 points to their final score in this case and vice versa for the Cowboys.

If the total is set at 48.5 points for Cowboys-Redskins, over bettors need a minimum of 49 combined points by both teams to win their bet. Conversely, under bettors will need a maximum of 48 points scored in the game. This is why totals are also known as “over-under” bets.

Does DraftKings Offer Moneyline Odds?

Yes. DraftKings has competitive moneyline odds on a variety of sports. Moneyline odds are commonly used in Major League Baseball.

TeamBetMGMDraftKingsFanDuel
Nationals+110+110+112
Orioles-130-130-132

DraftKings and BetMGM had the best moneyline odds at -130 on the Orioles, and FanDuel offered the best odds on the Nationals at +112. Sportsbooks charge a commission to accept your bet, and this is commonly refered to as the vig. FanDuel’s vig at 4.07% was a tad lower than BetMGM and DraftKings at 4.14% on this bet. But these all represent fair prices as the vig is 4.36% on a standard bet at odds of -110 on both sides.

Shop Across The Market for the Best Futures Odds

Futures odds are available for championship-deciding events such as the World Series. Let’s compare the odds being offered at DraftKings, FanDuel, and BetMGM at the time of this review. These odds are offered at any given time.

Washington Nationals 2022 World Series Futures Odds 

TeamDraftKingsBetMGMFanDuel
Nationals+100000+100000+500000

Washington is one of the worst teams in MLB this season, so you’re not making a bet on the Nationals. But humor us. Do you see why it’s so important to compare odds at different books before making a bet? FanDuel is offering five times the value and payout on this bet compared to DraftKings and BetMGM.

This is a good time to mention theoretical hold, or the expected profit a sportsbook hopes to see from a a given betting market. Higher theoretical hold means lesser odds and payouts for bettors. Lower theoretical odds translates to higher odds and payouts for futures betting markets.

Updated 6/21/2022 

 

 

 

4.5
Depth

The market depth and the quality of the odds go hand in hand at DraftKings Virginia. It boasts an enormous user base in the US, so it can afford to provide a range of odds boosters, unique parlays, and a long list of prop bets. 

That’s all on top of offering all the major professional and collegiate sports in the US as well as the most popular markets internationally, like European soccer and Aussie rules football.

So, by virtue of a huge market depth and variety, you’ll find more things to bet on, which means you can always find some enticing odds.

In terms of both variety of bets and the quality of odds, it doesn’t get better than DraftKings in Virginia.

However, DraftKings doesn’t have the international variety that Caesars offers. For the most obscure, niche sports on the planet, a brand focused on the European and Asian market like Caesars (previously William Hill) wins out.

Another area where DraftKings can do better nationwide is in the esports category. The demand for these lines is only increasing, and DraftKings already offers daily fantasy esports. DraftKings is the kind of powerhouse that can bring more esports betting to Virginia, and doing so would likely bring it to a perfect score in this category.

5.0
Cashout

The DraftKings Sportsbook in Virginia offers all the most popular online banking options in US sports betting. Unfortunately, Virginia does not have any land-based casinos yet, so casino cage deposits and withdrawals are not possible. 

To fund your account, you can make a deposit at the DraftKings Sportsbook using the following methods:

  • Debit/Credit Cards
  • PayPal
  • Play+ Card
  • PayNearMe
  • DraftKings Gift Card

    To withdraw your winnings and cashout from DraftKings, you can use:

    • PayPal
    • Play+ Card
    • ACH/Online Banking
    • Check by mail

    Those banking methods cover most preferences. The only option that DraftKings is missing is Skrill, which is an e-wallet similar to PayPal that’s popular among online gamblers. However, because PayPal is an option (unlike at BetRivers and elsewhere), that compensates for the lack of Skrill. Basically, at least one e-wallet should be offered for those who want to deposit and cash out using the same method but don’t want to use the Play+ card.

    If you want to deposit in cash, you can use the PayNearMe method. This is where you visit a participating retailer across Virginia, such as Dollar General, 7Eleven, CVS, Rite Aid, and Walgreens, and pay in cash. You then scan your receipt, and the funds are made available in your DraftKings Sportsbook account.

    5.0
    App

    DraftKings has the best mobile app in online sports betting. That goes for both iOS and Android devices.

    At the time of writing this DraftKings Virginia review, BetMGM and FanDuel had comparable ratings in the App Store. But neither has had such a consistent run of stellar performance and reliability. When you’re looking for the best mobile sports betting experience, DraftKings wins out again and again.

    You do not need to worry about glitches or unexpected freezing. You can place all your bets, make deposits and cash out, claim promotions, and everything else, all through the app.

    We know that to most readers, this will sound standard. In this day and age, doesn’t every sportsbook have a high-quality app? No. Unfortunately, only a select few offer a truly great mobile betting experience: DraftKings, FanDuel, and BetMGM. 

    Plus, DraftKings Sportsbook is one app for all the states where it’s available. You won’t need to download “DraftKings Virginia.” It can be annoying to mistakenly download the app for a different state, but DraftKings eliminates that possibility altogether.

    4.8
    Overall

    Admittedly, the reason DraftKings Virginia doesn’t receive a perfect score may be because we put it to a higher standard. We think there’s a bit of room for improvement in terms of promotions and market depth, so DraftKings is a hair shy of 5.0 out of 5.0.

    But if someone were to say this sportsbook is as perfect as it gets in terms of US sportsbooks, we’d be hard-pressed to argue. 

    The overall quality of the DraftKings Virginia Sportsbook may not be perfect. But we can say with total confidence that this sports betting site and app are truly second to none.

    Is DraftKings Virginia Legit?

    Best Odds In Online Sports Betting

    DraftKings charges the standard vig of -10 for point spread bets, which is the same as all the major online sportsbooks. The only time you see higher at a legitimate sportsbook is if you’re in a jurisdiction with no competition, like the state-run GambetDC was in Washington, DC when it first launched.

    But they also routinely offer better odds than anywhere else, making them among the most legit places for sports betting in the country.

    Regulated By The Virginia Lottery

    The Virginia Lottery is charged with approving, licensing, and regulating the DraftKings Sportsbook accessible from Virginia. This includes giving you a legal avenue to settle any disputes you might have with this sportsbook or any other. 

    Every sport needs to be approved by the Virginia Lottery before it’s offered, and they have to follow a long list of regulations as spelled out on the Virginia Lottery website.

    Regulated By Several US State Governments

    The DraftKings Sportsbook is a singular app. In some states, there’s the DraftKings Sportsbook and Casino App, but folks in Virginia do not have legal access the casino gaming. Still, the DraftKings Sportsbook app is available in a handful of other states, including Virginia. And all those states are regulating the same platform, putting an incredible amount of scrutiny on the platform, which means unrivaled player safety.

    No Hidden Terms And Conditions

    DraftKings Virginia puts all important stipulations front and center with all their promotional offers. It’s still a good idea to read all the terms and conditions to ensure you know exactly how the bonus works, but there’s no untoward hidden stipulation like you’d find at so many illegal sports betting sites.

    Great Support Hours

    DraftKings Sportsbook offers instant customer support chat from 6:00 AM until 11:59 PM every day, including weekends and holidays. And the wait time for a real person is rarely more than a few minutes.

    Why Choose The DraftKings Sportsbook In Virginia Over Illegal Betting Sites?

    If you’ve been betting on sports online in Virginia before it launched in January 2021, then you were technically breaking the law. But now that Virginia has legal online sports betting, there’s no need to take a risk with illegal sites. And that’s especially when you have a platform like DraftKings Sportsbook at your disposal.

    DraftKings Has Better Odds

    The DraftKings Sportsbook offers some of the most competitive odds on the market. Plus, they’ll have plenty of competition in Virginia. With the ability to compare a few options to find the best odds, you’ll almost always find better lines at the legal sites than at the illegal sportsbooks.

    Illegal Sportsbooks Don’t Have iOS or Android Apps

    We strongly advise against downloading an Android app from an unlicensed website. Until recently, the Google Play Store did not allow any gambling apps of any kind. They have changed their stance and legal online sportsbooks, like DraftKings, are starting to make their way into the store. You will not find illegal betting apps available for download in the Google Play Store. 

    But the Apple App Store won’t host illegal sportsbook apps either, and Apple won’t let you download apps from third-party sources. So the only way to bet using a sportsbook app on iPhone is by going with a legal option.

    DraftKings Isn’t Going Anywhere

    The DraftKings Sportsbook is available in Virginia as well as in a handful of other states. By all indications, DraftKings will only grow, so you can expect this platform to be at your fingertips for years. 

    But even if DraftKings did go out of business, you’d receive the money in your account, as ensured by Virginia Lottery regulations.

    If An Illegal Sportsbook Disappears, So Does Your Money

    Illegal sports betting sites go under all the time, and the website can disappear off the face of the earth. Good luck getting any of the money remaining in your account if that happens.

    Why Can You Trust DraftKings In VA With Your Money?

    DraftKings has a detailed page on its site and app about account security. Their chat support is also available most times of the day to clear up any concerns you may have. The DraftKings Sportsbook in Virginia is one of the most transparent companies out there.

    In summary, DraftKings utilizes state-of-the-art SSL encryption to keep all personal and financial information protected. This is especially important because they protect members’ accounts by requiring first and last name as well as the last four digits of your SSN. That way, no one can try to open an account pretending to be you.

    As part of the Virginia and national Responsible Gaming initiatives, DraftKings also offers safeguards to its players, including voluntary account limitations. You can also have yourself restricted from the platform altogether (as well as all Virginia sportsbooks simultaneously) to help protect you from problem gambling.

    All in all, DraftKings offers a safe and secure experience for both Daily Fantasy Sports (DFS) players and sportsbook users. You can also use the same password for both accounts from Virginia.

    However, it’s important to stay diligent about personal account security, such as choosing a wholly unique password and changing it a few times a year.

    DraftKings Sportsbook Virginia Fact Sheet

    How old do you have to be?21
    In which states is it legal?AZ, CO, CT, IL, IN, IA, KS, LA, MI, NH, NJ, NY, PA, TN, VA, WV & WY
    Who is the sportsbook's partner in Virginia?No local partner
    DraftKings Sportsbook Virginia
    Hands down, DraftKings Sportsbook is a solid choice for a sportsbook app. It's one of the most popular and reputable in the industry for good reason. The only place where it perhaps falls short is when it comes to market depth. While it isn't bad, it isn't the best out there. We think that DraftKings can do better. However, if you're looking for an all-around competitive product, you can't go wrong with DraftKings.
    Bonus And Promotions
    Odds Vs The Competition
    Market Depth And Variety
    Deposit And Cashout
    Mobile App
    Reader Rating1 Vote
    Pros
    App is easy to use for beginners
    Competitive no-deposit and opening bonus for new players
    Cons
    Average odds
    4.8

    DraftKings Virginia Sportsbook FAQ

    Is the DraftKings Sportsbook available in Virginia yet?

    Yes. DraftKings Virginia was one of the first sportsbook apps to launch in Virginia last year. Virginia bettors can now bet at DraftKings VA and claim a $1,o00 bonus plus $50 in free bets that is available to new bettors. 

    Is the DraftKings Sportsbook a legit place to bet on sports in Virginia?

    Yes. The Virginia Lottery only approves legit online sportsbooks for licenses.

    Because DraftKings, FanDuel, and BetRivers are available in almost all states with sports betting, it is not surprising that the Virginia Lottery approved them to operate in the Commonwealth. All are legitimate places to bet on sports, with competitive odds, strict regulations, and transparent privacy policies. 

    What is the age requirement for DraftKings in Virginia?

    18 and 21. You can play real-money Daily Fantasy Sports (DFS) on the DraftKings DFS app in Virginia at the age of 18. However, you need to be at least 21 years old to join the DraftKings Sportsbook in Virginia. This is the standard age for sports betting across the United States, but DFS falls outside of the definition of “gambling” in most jurisdictions.

    How do you sign up for DraftKings Sportsbook Virginia?

    You can sign up for DraftKings Virginia from anywhere in the world as long as you’re at least 21 years old. To sign up, simply visit the website or download the app and follow the steps, including personal information. You can also deposit during signup if you so choose. However, you need to be physically inside the Commonwealth to place a bet at DraftKings Virginia. The DraftKings Virginia app is available for both Apple iOS and Android devices. 

    What sports can you bet on at DraftKings Virginia?

    You can bet on over 20 different sports at the DraftKings Sportsbook. This includes all the major professional and college sporting events as well as international sports. However, bettors in Virginia cannot bet on in-state colleges unless it’s part of a tournament such as March Madness. 

    DraftKings will need to get permission from the Virginia Lottery to offer additional sports, such as esports.

    What types of bets can you place at DraftKings Sportsbook Virginia?

    You can place every type of bet at the DraftKings Sportsbook in Virginia. The only notable restrictions are that you can’t bet on in-state schools for single games, and in-game betting is not allowed for college sports at all. Otherwise, DraftKings Virginia offers unfettered access to moneyline bets, points spreads, futures, totals (over/under), parlays, teasers and pleasers, prop bets, and live, in-game betting.

    About the Author

    Mike Epifani

    Mike Epifani (shown here at Caesar's Palace Las Vegas) is an experienced online gambling writer who specializes in online casinos and sports betting sites. From the nuances of bonus offers to winning strategies and beyond, his insights have helped countless remote bettors keep more of their money while having fun and staying safe.