How Do I Start a Sportsbook From Virginia?

Written by:
Ean Lamb
Published on:
Apr/01/2023

Virginia is a great state to be a bookie.  You have extensive betting on college games throughout the football and basketball season but the commonwealth does not permit wagering on in-state schools such as the Cavs and Hokies on the regulated sportsbook apps. What a treat for the bookies.

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How to Start Your Online Mobile Sportsbook in Virginia

For a fee as low as $3 per head (per customer/player) per week, you will get a customized website for your players, 24/7 customer service (online and by phone), full odds service, live in-play wagering, betting on most international sports, full reporting, an online casino, a horse book and much more.  AcePerHead is currently running a FREE WEEK every month FOR LIFE promo.

There are no upfront costs such as the purchase of the software, etc...  Also no need to hire anyone other than the recommended accountant and perhaps an assistant.  Remember, you will be spending most of your time on the beach. 

Is Sports Betting Regulated in Virginia?

Yes but as already stated, betting on in-state schools with the apps is strictly forbiden.  Betting on the NFL Draft is also not allowed.

You must be 21 and the tax is anywhere from 2.5 percent to just over 5 percent state and 25 percent federal on winnings.

There are currently 15 regulated apps:

  • DraftKings
     
  • FanDuel
     
  • Caesars
     
  • BetRivers
     
  • BetMGM
     
  • bet365
     
  • Betway
     
  • Unibet
     
  • WynnBET
     
  • PointsBet
     
  • Betfred
     
  • Barstool
     
  • SI Sportsbook
     
  • Hard Rock
     
  • Bally Bet

Learn How to Make a Bookie Website

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Benefits of Betting With a Local vs. Regulated Sportsbook in Florida

Local bookies provide anonymity, wagering on credit and typically accept customers 18 and up.  They also do not require extensive paperwork.  Pay per head businesses like AcePerHead.com also provide wagering on many events and options not available at regulated books.  They also feature an online casino and racebook.  Local bookies do not report your winnings to the IRS (you still need to file your taxes).

Safeguards

Never accept customers you have not fully screened beforehand.  You should either be familiar with your customers or they should contain references.  A pay per head has eliminated a number of elements of the bookmaking business once deemed to be illegal such as the operation of a wire room and the settlement of payments/collections via cash.  For example, bets are placed over a secure website with servers outside the United States.  Bets by phone are strongly discouraged

Pay per heads like AcePerHead also offer money transactions via Bitcoin and other cryptocurrencies that take place via the website.

Take That Extra Step:

  • Do not take bets over the phone.
  • Avoid taking on customers who reside outside your state.
  • Know your customers and check referrals.
  • Do not engage with individuals involved in any type of criminal activities.
  • Use cryptocurrencies, including Bitcoin Tumblers provided by AcePerHead, for secure anonymous transactions.
  • Keep your customers information private.
  • Always file your taxes.

Today's pay per head businesses are regular sponsors on your favorite search engines so they enjoy maximum exposure, but not all pay per head businesses are the same.  AcePerHead is one of the most established in the industry.

Avoid those services that only offer the software for super cheap and nothing else.

VA Team Report (Updated April 1, 2023)

Virginia Cavaliers Men's Basketball - The Cavs once again enjoyed a successful college basketball season.  They failed to advance out of the Round of 32 despite being a high seed.  The Cavs won the Champsionship back in 2019.

NCAA tournament champions

2019

NCAA tournament Final Four

1981, 1984, 2019

NCAA tournament Elite Eight

1981, 1983, 1984, 1989, 1995, 2016, 2019

NCAA tournament Sweet Sixteen

1981, 1982, 1983, 1984, 1989, 1993, 1995, 2014, 2016, 2019

NCAA tournament round of 32

1976, 1981, 1982, 1983, 1984, 1989, 1990, 1993, 1994, 1995, 2007, 2014, 2015, 2016, 2017, 2019

NCAA tournament appearances

1976, 1981, 1982, 1983, 1984, 1986, 1987, 1989, 1990, 1991, 1993, 1994, 1995, 1997, 2001, 2007, 2012, 2014, 2015, 2016, 2017, 2018, 2019, 2021, 2023

Virginia and Virginia Tech Football - Both teams had long odds coming into the 2023 season.

Washington Commanders - The team may play in Maryland but its facilities are mostly in Virginia.  They had very early odds of 60-1 to win the Super Bowl, 6th longest of any team.

- Ean Lamb, Gambling911.com

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