Sports Illustrated Sportsbook Virginia – $200 Promo Code Bonus

Sports Illustrated Sportsbook launched in Virginia in May 2022. When you sign up with SI Sportsbook Virginia and enter the SI bonus code SI200 you can get $200 in free bets.

Top online sportsbook welcome bonuses in Virginia

Is Sports Illustrated worth your time, and how does it compare with other Virginia sportsbooks like Caesars, DraftKings, and BetMGM? Keep reading our SI Sportsbook Virginia review to find out.

Our SI Sportsbook in Virginia will cover the following points:

  • SI sportsbook welcome bonus and other promotions
  • Available sports and market depth
  • Payment options available on SI Virginia

Sports Illustrated Sportsbook Virginia promo code for May 2024

The Sports Illustrated welcome bonus in Virginia is pretty simple, just make sure you enter the SI Virginia bonus code SI200 to be eligible for it, as this is an exclusive offer. Then, place a $20 bet with odds of +120 or longer, if it settles as a win, you’ll be awarded eight $25 free bets.

SI Sportsbook Virginia Bonus CodeSI200
Welcome BonusBet $20, Win $200
Terms & Conditions• Qualifying bet must have minimum odds of +120
• Qualifying bet must win to receive $200 bonus
• Free bets paid out in eight $25 increments
Last UpdatedMay 2024

Terms and conditions apply to all offers. Please see Sports Illustrated Sportsbook for details. 21+ Gambling Problem? Call 1-800-GAMBLER+ 

Sports Illustrated Sportsbook Virginia welcome bonus — fine print

SI’s welcome bonus looks simple enough, but you should know all the details before you claim it, such as minimum odds, validity period, wagering, and more.

How does the Sports Illustrated intro promo work?

Start by opening a SI Sportsbook account in Virginia. Enter the best Sports Illustrated Virginia promo code SI200 when doing so. Then make your first deposit.

To claim the bonus, you now must make and win a bet of at least $20 with minimum odds of +120. If you do all of that you’ll be rewarded with $200 in free bets. The free bets are delivered as eight $25 free bets.

How do I use my free bets on Sports Illustrated Sportsbook?

Once the free bet tokens reach your account, you’ll have seven days to use them. Each free bet token has a fixed amount of $10 and must be used individually. There are no minimum odds for using the free bets.

The value of the free bet token won’t be included in your winnings. For instance, if you place $10 cash on odds of +200 and win, your profit would be $20 and your total payout $30. When winning with a $10 free bet on those same odds, your payout would be $20.

Is it worth using the Sports Illustrated welcome bonus?

Sports Illustrated has one of the more interesting welcome bonuses in Virginia and beyond. Just for placing and winning a $20 bet, you get $200 in free bets. And there’s no telling how much money you could win with those.

Is Sports Illustrated Sportsbook legit?

Sports Illustrated is a well-known sports magazine that’s been in circulation since 1954. After the federal ban on sports betting was lifted in 2018, the company decided to dabble in the world of sports betting. They cut a deal with 888 Holdings in June 2021 and launched in Colorado later that year in September. Virginia became the second state to host SI Sportsbook in 2022.

In Virginia, the Sports Illustrated sportsbook is operated by VHL Virginia LLC, which has a license issued by the Virginia Lottery.

Virginia sports betting laws

Here are a couple of notable details from the state’s law books surrounding sports betting:

  • The minimum sports betting age in Virginia is 21.
  • You must be located within Virginia’s borders to bet on the SI sportsbook. You can still sign up from out of state, make transactions, and talk to support, but you cannot complete a wager.

How to get started with SI Sportsbook in Virginia

To create your SI Sportsbook account in Virginia, follow the links in this review, which will take you to the official website of the Sports Illustrated Sportsbook. When you’re there, click the Join Now button and provide the following information:

  • First name
  • Last name
  • Date of birth
  • Address
  • Social security number (last four digits)
  • SI Virginia bonus code SI200

Complete the registration on the next step by choosing your credentials, and your account should be ready to use. Go to the deposit page to complete the payment. Then you can start betting on your favorite sports.

How to download the Sports Illustrated Sportsbook Virginia app

To find the SI sports betting app, scroll down to the bottom of the SI homepage, where you’ll see buttons leading to download the Apple app onto your iPad or iPhone and to download the Android app onto your phone or tablet.

How to find the Sports Illustrated Virginia promotions

Promotions on the Sports Illustrated Sportsbook are just one click/tap away. Just select Promotions from the main menu. You’ll see a section containing information on every individual promotion, including articles explaining some of the sportsbook’s features and characteristics, such as the BetBuilder, BetFeed, mobile apps, and more.

Here are a few promotions that we found at Sports Illustrated Virginia:

  • Perfect 10: A free-to-play game where if you get 10 picks correct, you win a share of the $10,000 prize. Even if you don’t get all of the picks right, you’ll receive a $1 free bet for every correct answer.
  • Three & Win: Win a 3+ leg parlay wagering at least $25 on total odds of +300 or longer from Friday to Sunday, and you’ll win a $20 free bet token.
  • SI Specials: Explore special markets, enhanced odds, and boosted parlays, available every day.

Disclaimer: We found some of these promotions when reviewing Sports Illustrated Virginia, meaning they may not be active when you’re reading this. Make sure to check whether these offers are still available before registering at SI.

Why should I pick the Sports Illustrated Virginia app?

Here’s why we feel the Sports Illustrated betting app might be a smart choice:

  • Reputation and integrity: Sports Illustrated partnered with 888 to use its cutting-edge technology to power the platform. Both are renowned names in the sports and sports betting worlds, respectively.
  • Great lineup of promotions: In addition to a great sign-up bonus, SI constantly rewards its customers with time-limited offers full of free bets and other prizes.
  • Advanced betting features: Things like same-game parlays, odds and parlay boosts, early cashouts, and the ability to adjust alternative spreads and totals by using a slider.

Are there any downsides to the Sports Illustrated Virginia app?

It’s only fair to also mention a few things that might make you have second thoughts about the SI app:

  • Functionality issues: We found some app lagging and freezing reports, although recent updates have solved these problems to an extent.
  • Underwhelming odds: SI odds are often lower than other top-rated sportsbooks apps in Virginia.
  • No live chat: Reaching the Sports Illustrated customer support is limited to a contact form, although it works around the clock.

Betting options at Sports Illustrated Virginia

The number of betting markets is definitely one of SI’s strong points. Apart from the standard moneyline, spread, and over/under, you’ll find a long lineup of props for every major event, same game parlays, and something called SI parlays, which are suggested wagers made up of several props.

Here’s more about each popular type of bet you can find on Sports Illustrated Virginia.

Points spread

Point spreads on SI are present on every game where this bet is applicable. The spread serves to even the odds when there are two unmatched sides.

For instance, let’s say that the Washington Wizards (+5.5) are the underdogs against the Dallas Mavericks (-5.5). For the Wizards to cover the spread, they need to win outright or lose the game by less than 6 points. For the Mavericks to cover the spread, they need to win by at least 6 points.

Points spread might have different names in different sports. In ice hockey, it’s called the puck line, while baseball has the run line. Since the spread evens out the odds, you can expect -110 odds on both sides of the bet for sports like basketball and football. For baseball and hockey that number will vary much more.

Sports Illustrated has alternate spreads for every major game that you can change by using the spread slider.


The moneyline is a straight-up wager where you just need to guess the outcome. You’ll usually be challenged with guessing the winning side, but some games will also feature a 3-way moneyline due to a tie being possible.

The favorite is marked with negative odds, while the underdog has positive odds. Let’s say the Kansas City Chiefs (-330) are playing the Washington Commanders (+330). The -330 suggests that to win a $100 profit, you must wager $330. The +330 means that a $100 wager might result in a $330 profit.

Totals (Over/Under)

This market relates to the total number of points or goals scored in a game rather than the outcome. For example, the Washington Capitals are playing the New York Rangers, and the totals line is set at 5.5. You’re now tasked with guessing whether the total number of goals scored in that game will be 6 or more or 5 or less.

The over/under line is usually placed so that the odds on both sides are around -110, but there can be some slight deviation. Just like for point spreads, SI has a slider that lets you explore alternative totals.


Props are a range of bets that can relate to a specific game segment and are not necessarily about the final outcome. For instance, you can bet who scores the first run in a baseball game, which team gets first to 10 points in a basketball game, who wins the first half of a football game, will there be overtime and more.

There are also player props that allow you to guess the over/under on individual stats of players, like whether Bradley Beal will score over or under 25.5 points.


Futures bets let you guess the competition champion, sometimes months or a full year in advance. For instance, you can predict the winner of the next Super Bowl as soon as the last Super Bowl finishes. However, futures do not only relate to champions. You can guess which team will make the playoff or predict their elimination round. You may also wager on individual players, like who will win the NBA’s MVP award next year.

The futures markets are not exactly in plain sight on Sports Illustrated, but they do exist. Once you select a sport, go to the competitions tab, then choose a competition. From there, select the futures tab at the top.

Same-game parlay

To keep up with its competition, Sports Illustrated introduced the same game parlays, which, unlike regular parlays where you combine bets from different events, let you combine wagers from the same game. For instance, you can bet for the Washington Commanders to beat the Jacksonville Jaguars and the total number of points to be over.

SI parlays

SI Sportsbook parlays are suggested parlay bets constructed of multiple props. There can be around a dozen of these wagers in the SI parlays tab on every major game. A typical SI parlay may look something like this:

  • Golden State Warriors to win, Warriors -3.5 points in the 1st half & Draymond Green to get 6+ assists (+160)

Of course, you can make this bet yourself through the same game parlay, but these are just laid out as a suggested single wager.

Live betting on Sports Illustrated

Sports Illustrated offers live betting on nearly every game and competition. Just select the Live now tab, and you’ll see all live events divided by sport. The live feed looks fairly clean, and the lines move in real-time.

There are many exciting live props, especially for dynamic sports like tennis, where you can find short-term bets like the next point winner or will there be a deuce in the current game.

Can I bet on Virginia college teams at Sports Illustrated online betting?

While there’s a lack of professional major league teams in Virginia, that certainly isn’t the case with Division I and Division II college sports teams. While betting on collegiate teams is legal, wagering on Virginia-based NCAA teams is not. That means for the time being you can’t bet on teams like the Richmond Spider, VCU Rams, Virginia Cavaliers or Virginia Tech Hokies to name just a few.

How do I deposit and withdraw at Sports Illustrated online sportsbook?

To deposit, you first must register. In the main lobby, select Cashier and then Deposit. Here, you’ll see several payment methods, including Visa, Mastercard, PayNearMe, and more. Choose a method and input the deposit amount while minding the limits.

To withdraw, select the Withdraw tab in the Cashier section, type in the amount, and choose a method. When withdrawing for the first time, you might need to provide certain documents, like a copy of your ID, proof of address, or a picture of your credit card. For more information, visit SI’s Withdrawal Policy page.

Here are the deposit and withdrawal methods available on Sports Illustrated Virginia sports betting, alongside limits and estimated transaction times.


Deposit MethodMinimum AmountProcessing Time
Credit/Debit Card$10Up to 10 Minutes
Bank Transfer (ACH)$10Up to 10 Minutes
Instant Bank Transfer$10Up to 10 Minutes
PayNearMe$10Up to 10 Minutes
Play+$10Up to 10 Minutes


Withdrawal MethodMinimum AmountProcessing Time
Bank Transfer (ACH)$10Up to 2 Days
Play+$10Up to 3 Days

How do I contact Sports Illustrated Sportsbook?

To contact SI, scroll down to the bottom of the homepage and select Online Help. You’ll be directed to the sportsbook’s support center with useful articles, guides, and FAQs. Click Contact Us at the bottom and fill out a contact form.

The support works around the clock, so they should get back to you soon. However, it’s still disappointing that Sports Illustrated doesn’t have live chat support, as it would undoubtedly lead to quicker communication and resolving of potential issues.

Does Sports Illustrated have an exclusion program?

Sports Illustrated sports betting abides by the patron protection policies and gives its customers multiple ways in which they can limit the use of their accounts.

The self-exclusion program is the most radical of these measures, as you can completely block yourself from the website for three days to five years or permanently. You can also set daily, weekly, or monthly deposit and wagering limits.

Is there a Sports Illustrated retail sportsbook in Virginia?

No, Sports Illustrated does not have a retail sportsbook in Virginia at the moment.

How does Sports Illustrated compare to other Virginia sportsbooks?

Sports Illustrated sports betting has its strong points, including a couple of intro promotions that promise greater value than most other betting sites. It has plenty to offer in terms of sports and markets and a few useful betting features. The deposit and withdrawal methods are standard, limits are optimal, and processing times are relatively quick.

However, overall, FanDuel VA and DraftKings Sportsbook seem to be better by a whisker. Users are particularly satisfied with the design and performance of their sites and apps, which is something that SI has had trouble with. Also, the odds seem to be a bit better on sportsbooks like BetRivers VA, BetMGM, and Caesars Sportsbook.

Sports Illustrated Sportsbook Virginia FAQs

How do I use the Sports Illustrated Virginia bonus code in May 2024?

Sign up with Sports Illustrated Sportsbook Virginia and enter the SI bonus code SI200. This qualifies you for the SI welcome bonus worth up to $200. Place and win your first bet with minimum odds of +120 for at least $20, and you’ll get eight $25 free bets.

Is the Sports Illustrated sportsbook legal in Virginia?

Yes, Sports Illustrated is a legal Virginia sportsbook. It’s operated by VHL Virginia LLC, which holds a license from the Virginia Lottery.

What is the minimum deposit on Sports Illustrated Virginia?

The minimum deposit on Sports Illustrated is $10 for all payment methods.

Why should I choose Sports Illustrated over an offshore site?

The main reason to choose Sports Illustrated over an offshore site is that it’s legal and fair. Offshore sites are often unregulated and will potentially try to scam you.

How do you withdraw money from the Sports Illustrated Sportsbook?

Go to the Cashier from the main lobby and select Withdraw to receive your funds. Choose one of the presented methods, type in the withdrawal amount, and confirm the transaction. The operator promises to process all payments as quickly as possible, which is usually the same day the withdrawal is requested.