Virginia VA
Virginia launched sports betting in January 2021 with a 15% tax rate. Operators can deduct promotional credits from taxable revenue.
A regional snapshot of sports-betting law and market structure across the Southeast — Virginia, North Carolina, Tennessee, Florida, Kentucky, and others.
The Southeast is the most regionally fragmented US sports-betting cluster: monopoly markets (FL), aggressive multi-operator markets (VA, NC, TN), and entirely-illegal holdouts (GA, SC, AL) all coexist. State-line proximity creates real bettor-arbitrage between markets.
Virginia launched sports betting in January 2021 with a 15% tax rate. Operators can deduct promotional credits from taxable revenue.
North Carolina launched online sports betting in March 2024. After Underdog Sports closed in December 2025, NC has 7 active licensed operators. ESPN BET rebranded to theScore Bet in December 2025. NC …
Florida has a unique monopoly model. Hard Rock Bet is the only legal sportsbook, operated by the Seminole Tribe under a compact running through 2051.
Kentucky launched sports betting in September 2023. The Kentucky Horse Racing Commission regulates the industry with 9.75% online / 14.25% retail tax.
West Virginia was an early mover launching retail betting in August 2018 and online in December 2018. The market grew to 7 active online sportsbooks by 2026 (DraftKings, FanDuel, BetMGM, Caesars, Fana…
Mississippi has legal retail sports betting at casinos since 2018, but mobile betting is only permitted when physically on-site.
Arkansas has a unique 51% revenue-share rule that kept major operators out until 2026. DraftKings and FanDuel finally launched in March 2026 after receiving approval.
Louisiana has a parish-by-parish approval system. 55 of 64 parishes allow sports betting. The online tax was raised to 21.5% in 2025.
9 states currently fall in this category: Virginia, North Carolina, Florida, Kentucky, Tennessee, West Virginia, Mississippi, Arkansas, Louisiana. The list updates whenever a state's market structure changes (operator count, tax rate, or legal status).
The Southeast is the most regionally fragmented US sports-betting cluster: monopoly markets (FL), aggressive multi-operator markets (VA, NC, TN), and entirely-illegal holdouts (GA, SC, AL) all coexist. State-line proximity creates real bettor-arbitrage between markets.
States are grouped by US Census Bureau geographic region.
Each state has a dedicated guide page (/states/[slug]/) with the full operator list, tax history, regulator information, and timeline. For aggregate fiscal data across all 38 legal jurisdictions, see our /research/sports-betting-tax-revenue/ analysis.