Betfred to close Virginia operations in October

As of October 1, Betfred is no longer accepting online deposits, online wagers or new registrations.

• All outstanding wagers were settled based on a fair market value as an early cash out on October 2
• The operator will officially close operations on October 21 at 10pm local time

Betfred has announced that it will be withdrawing its sports betting offering from the state of Virginia on October 21, 2024 and is no longer accepting online deposits, wagers or new registrations as of October 1. 

Any Fred Bets, bonuses or ongoing promotions may be used until the expiration of the offer, or the Betfred closure date if that is sooner, as stated by the operator. 

Any remaining Fred Bets or offers will be forfeited and retain no cash value.

All outstanding wagers were settled based on a fair market value as an early cash out on October 2, 2024. Any stake and/or winning eligible will be credited to the user’s account for withdrawing.

Good to know: On September 20, Betfred also announced it would be closing down operations in the state of Arizona

Operations will officially close on October 21 at 10pm local time, including being the final day in which Betfred users can initiate a withdrawal and access online accounts. 

Betfred’s launch in Virginia failed to last two years, as the operator had only gone live in the state on February 2, 2023. At the time of announcement, Betfred became the official sports betting partner of Loundon United FC, a Virginian soccer team in the USL Championship.

After departing Virginia, as well as Arizona and Maryland during 2024, Betfred is live in six states across the US.

Kirk Geller

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