• About Us / Contact
  • Responsible Gambling
This site contains commercial content
SportsHandle
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
SportsHandle
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
SportsHandle
No Result
View All Result

Bet365 Goes Live in Virginia, Now Operational In Four States

The operator continues to expand its U.S. presence, as it's also taking bets in Colorado, New Jersey, and Ohio

Bennett Conlin by Bennett Conlin
January 31, 2023
in Industry
bet365-mobile-app

Getty Images

Share on FacebookShare on Twitter

Virginia’s mobile sports betting market added another operator Tuesday, as bet365 went live in the commonwealth. The operator is an official sports betting partner of the NFL’s Washington Commanders.

1
bet365 Sportsbook News

Bet $1, Get $365 in Bonus Bets

4.5
Read Review
  • Bonus Code: NJMAX
  • New players only. T&Cs, time limits, exclusions apply
  • 21+. Gambling Problem? Call 1-800-GAMBLER
BET NOW
T&Cs Apply21+. Eligibility restrictions apply. See website for details.

Virginia customers have access to more than a dozen mobile sportsbooks, with major operators BetMGM, BetRivers, Caesars Sportsbook, FanDuel, DraftKings, and PointsBet among them. A Virginia Lottery spokesperson said there aren’t any additional sports betting licenses currently open for application. Betfred is expected to launch its mobile app in Virginia this year.

approved-betting-operators-virginia
Screenshot from Virginia Lottery presentation

Virginia makes the fourth U.S. state that bet365 has entered as a major European sportsbook. The operator is also active in Colorado, New Jersey, and Ohio, with plans to enter the Pennsylvania market. 

“Fresh off the heels of a successful launch in Ohio, we are thrilled to launch the world’s favorite online sports betting brand in Virginia,” a bet365 spokesperson said in a press release. “With a growing community of sports betting fans, the launch into Virginia marks a milestone for bet365 as we continue our U.S. expansion.”

Interestingly, bet365 planned to enter the Massachusetts market, but its partnership with Raynham Park was recently called off. A Raynham Park spokesperson told Sports Handle “bet365 believed the Massachusetts draft regulations had several material impacts on the viability of the market.” Bet365 declined comment on the specifics of its decision. Massachusetts launched retail betting Tuesday.

1
bet365 Sportsbook News

Bet $1, Get $365 in Bonus Bets

4.5
Read Review
  • Bonus Code: NJMAX
  • New players only. T&Cs, time limits, exclusions apply
  • 21+. Gambling Problem? Call 1-800-GAMBLER
BET NOW
T&Cs Apply21+. Eligibility restrictions apply. See website for details.

FanDuel leads market share

The Virginia Lottery released a gaming report last week that included market share figures from January 2022 to November 2022. FanDuel led the way by a noteworthy margin, with the operator accounting for just over 41% of sports betting handle during that time period.

DraftKings came in at No. 2, with a 23% share. BetMGM wasn’t far behind, checking in at 18.3%. BetMGM was aggressively using promotions during that time period, as it had the most promotional handle of any operator in Virginia from January-November 2022.

Caesars Sportsbook was fourth among operators in market share, checking in at 7.9%. Only Barstool Sportsbook (3.9%), PointsBet (2.4%), and BetRivers (1.2%) also accounted for more than 1% of market share. WynnBET came close at about 0.9%. 

It will be a challenge for bet365 to break through in a competitive market, especially with major brands like FanDuel and DraftKings entrenched in Virginia, although as a new entrant it will be able to deduct promotional expenses from its taxable revenue for its first year of operation. In a recent legislative change, Virginia limited how long operators can deduct promotional expenses from taxable revenue.

Nathan Click, the national spokesperson for the Sports Betting Alliance, a national coalition of sports betting operators dedicated to building legal, regulated, and onshore sports betting markets in the U.S., recently spoke against Virginia’s change in an op-ed published by the Richmond Times-Dispatch. The SBA hopes the rule will be altered again during the 2023 legislative session.

ShareTweetShare
Bennett Conlin

Bennett Conlin

Bennett Conlin is a sports betting reporter. He began his sportswriting career crafting recaps of family wiffle ball games. He’s covered more meaningful games since those early days, most recently writing about the University of Virginia’s athletic programs for The Daily Progress. Bennett can be reached at [email protected].

Related Posts

Chris Paul Jake Paul
Industry

Betr Granted Sports Wagering License By Virginia Lottery

March 6, 2023
carolina-panthers-made-field-goal-celebration
Industry

Data Indicates North Carolina Bettors Want Mobile Options

March 3, 2023
Load More

Top Stories

taylor mathis

Taylor Mathis Got Sacrificed At The Altar Of Responsible Gambling

March 20, 2023
fanduel baseball wall

Premade Same Game Parlays Are Sucker Bets

March 13, 2023
maginfier-over-small-print

Read The Fine Print: A Proposed Federal Rule Could Change Everything For Indian Gaming

March 6, 2023
roman reigns wwe

Colorado Denies Report Stating That It’s Considering WWE Wagering

March 8, 2023

State Sports Betting Guides

Ohio (U.S. state) flag waving against clear blue sky, close up, isolated with clipping path mask alpha channel transparency, perfect for film, news, composition

Ohio Sports Betting – Where To Play, Bonus Offers And Promo Codes

by Brian Pempus
March 21, 2023

Downtown Detroit at twilight (Shutterstock)

Michigan Sports Betting – Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
March 21, 2023

VA captial

Virginia Sports Betting – Where To Play, Online Sportsbooks And Bonus Offers

by Brett Smiley
January 17, 2023

nj flag

New Jersey Sports Betting — Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
October 20, 2022

pa online sportsbooks

Pennsylvania Sports Betting – Where To Play, Online Sportsbooks And Bonuses

by Brett Smiley
October 6, 2022

Canada Sports Betting Guides

Canada Sports Betting – Best Sportsbook Apps & Bonus Offers

British Columbia Sports Betting – Legal Update, Available Sportsbooks, and FAQ

Ontario Sports Betting – Legal Status And Where To Play

SportsHandle

  • Analysis
  • Casino
  • Features
  • Horse Racing
  • Industry
  • Legal
  • Legislation
  • Opinion
  • Podcasts
  • Poker
  • Politics
  • Promotions
  • Regulation
  • Sports
  • Uncategorized

Better Collective

This website is owned and operated by Better Collective USA. Trademarks and copyrights referenced on this website are and shall remain the exclusive property of their respective owners and/or licensors. Please be sure to visit the operator’s website(s) to review their terms & conditions. We advise you to read these carefully as they contain important information. Copyright © 2023 USBets.com | Better Collective USA
21 Play Responsibly
Gamble Aware West Virginia
Gambling Problem? Call 1-800-Gambler.
GameSense

Search Sports Handle

No Result
View All Result
  • About Us / Contact
  • Responsible Gambling

No Result
View All Result
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News

loading

Please wait while you are redirected to the right page...