Home Sports betting boom presents Virginia with an economic conundrum
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Sports betting boom presents Virginia with an economic conundrum

Michael Cage
Virginia casino online gambling legislation
Graphic © iQoncept, Background Image © Сергей Шиманович – Adobe Stock

The online gambling sector in the United States has flourished in recent years, but regulatory issues are still presenting challenges in many regions.

Only eight states have legalized real-money online casinos as September 2026, but that has not prevented people across the country from accessing gaming websites.

Platforms such as BetUS online slots have boomed despite the tricky legislative landscape, attracting thousands of new players with their exciting range of games.

Virginia is a perfect example of a state which has yet to fully get to fully capitalize on the economic opportunities presented by online gambling.

Lawmakers are still dragging their heels in Virginia

Virginia lawmakers advanced two online gambling bills during the 2026 legislative session, but they were unable to agree on a single bill before the session ended.

Both bills included a clause requiring passage in the 2026 and 2027 sessions, meaning that the launch of legal online casinos will not happen until 2028 at the earliest.

Intriguingly, Virginia is not as staunch in its opposition to online gambling as many other states. Their current position is not mirrored elsewhere.

For example, online gaming and sports betting have not been legalized in Georgia. However, this has not prevented the industry from thriving.

Despite the regulatory blockade, it is estimated that more than one million people are registered on various online gambling platforms in Georgia.

This landscape is beneficial to gaming site operators, but prevents Georgia from banking the significant tax revenues they generate.

Sports betting numbers in Virginia paint an intriguing picture

The sports betting industry in Virginia has thrived since lawmakers legalized the practice in 2020. They also authorized land-based casinos in selected cities, subject to local voter approval.

Virginia now has 11 approved sports betting license holders and five operating casinos. Based on recent figures, the gambling sector in the state is booming.

Sports bettors wagered more than $589 million in June, while casinos reported more than $102 million in adjusted gaming revenue the following month.

Legalized sports betting has now generated over $400m in state tax revenue since its launch. By contrast, tax revenues from online casinos benefit jurisdictions overseas.

Responsible gambling is one of the biggest concerns for Virginia lawmakers. However, their failure to legalize the sector only serves to amplify the issues.

As things stand, the onus is on Virginians to ensure they choose reputable sites. If they head down the black-market route, the consequences can be dire.

Opponents to gambling are slowly shifting their stance

Given that people in Virginia can easily access online casino sites, the state’s lawmakers clearly face a major conundrum.

Having embraced the concept of sports betting and the economic benefits it generates, the failure to legalize online casinos is a significant misstep.

Virginia Secretary of Finance Mark Sickles has previously argued against gambling expansion, but now believes that the states must reconsider its stance.

“I don’t think we will stop gambling by keeping it illegal,” Sickles told The Virginia Mercury.

“I think everyone needs to put on their work shoes and get out their pencils and figure out if there’s a way to make it happen – and everybody’s satisfied with it, and it has consumer protections in the law.”

Virginia could potentially follow New Jersey’s template. The state legalized online casino gambling in 2013 and has reaped the economic rewards since then.

Their regulations require operators to analyze customer data to ensure they are gambling responsibly, thus bringing greater control into the entire gaming sector.

 

This content is provided for informational purposes only and is not a substitute for professional advice. AFP editorial staff were not involved in the creation of this content.

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