Riverboat on the Potomac Guide

Riverboat on the Potomac in Maryland and Virginia is a gambling establishment sitting on the Potomac river, right at the border of the two states. The riverboat is currently owned by Bodhi-Naav LLC and Delmock Technologies Inc. It received an off-track betting license in 1994 and was recently awarded a sports wagering license by the Maryland Sports Wagering Application Review Commission (SWARC).

Gambling at Riverboat on the Potomac in Maryland is limited to off-track horse race betting, sports betting, lottery, and keno. The venue is home to PointsBet Sportsbook, one of seven retail sportsbooks at Maryland casinos.

Riverboat on the Potomac Pros and Cons

Pros

  • OTB simulcast
  • PointsBet sportsbook on-site
  • Lottery tickets for both MD and VA

Cons

  • Not a casino (no slots or table games)
  • Small venue with a single restaurant

About Riverboat on the Potomac in Maryland

Riverboat on the Potomac Address301 Beach Terrace, Colonial Beach, VA 22443
Established 1994 (as OTB)
SportsbookPointsBet Sportsbook Virginia
Number of Slots OfferedN/A
Licensed byMaryland Racing Commission; Maryland Lottery and Gaming Control Commission; Sports Wagering Application Review Commission

Riverboat on the Potomac is in Charles County’s Colonial Beach, a small town in Virginia located on the western bank of the Potomac River. However, since the river itself fully belongs to Maryland and the establishment extends past the shorelines and into the water, the Riverboat is technically both in Virginia and Maryland simultaneously.

The building was once a riverfront casino called Little Reno, one of the rare places on the East Coast offering slot machines between 1950 and 1968. Gambling was then halted in both Virginia and Maryland until the state lotteries started operating in 1976 and 1988, respectively. The current building was built after Hurricane Isabel destroyed the previous one in 2003. Due to its peculiar position, Riverboat is a place where you can buy both Maryland and Virginia lottery tickets.

In 2021, Riverboat on the River Potomac in Colonial Beach became the first Minority Business Enterprise (MBE) in Maryland to receive a sports betting license and is now home to the PointsBet Sportsbook.

PointsBet Sports Betting at Riverboat on the Potomac

Several retail sportsbooks are located at some of the best casinos in Maryland, including BetMGM at MGM National Harbor, FanDuel at Live! Casino & Hotel Maryland, TwinSpires at Ocean Downs Casino, and several more. 

However, casinos are not the only establishments allowed to apply for sports wagering licenses in MD. OTB parlors were also given the opportunity, resulting in a partnership between Riverboat on the Potomac and PointsBet (Betfred is expected to launch a retail sportsbook at Long Shot’s OTB parlor in Frederick in 2023).

The Riverboat received a sports wagering license from the Maryland Lottery and Gaming Control Commission in late 2021, announcing a partnership with PointsBet a few months earlier. The sportsbook finally opened in Sept. 2022. 

The PointsBet sports betting area features 21 high-res TVs, a lounge with booth seating, a standing room, and a bar with food and drinks. Visitors will also get to enjoy a gorgeous view of the Potomac River.

This successful launch continues PointsBet’s campaign of spreading across the US. The Australian-based sports betting company is now available in over a dozen states, including Virginia, and has plans to launch in a few more. 

Visitors of Riverboat on the Potomac will have a chance to bet on everything from popular sports like football, basketball, baseball, and hockey to niche markets like golf, boxing, Aussie Rules, soccer, table tennis, and more. PointsBet also offers one of the best sportsbook promos and bonuses in Maryland.

Bets Offered at PointsBet Sportsbook at Riverboat on the Potomac

PointsBet offers all the standard betting types but also features a unique style of wagering called PointsBetting. Here’s the main sports betting program offered by PointsBet at Riverboat on the Potomac:

  • Moneylines: A straightforward bet where the goal is to guess the winning side. You can also bet on a draw in sports with three-way outcomes like soccer.
  • Points spreads: Predicting the winner when accounting for handicap points. For instance, if you bet on the Washington Wizards (-7.5), they’ll need to cover the spread and win by at least eight points. The opponents will be given an opposite number (+7.5), where a successful bet on that team constitutes them winning outright or losing by seven points or fewer.
  • Totals: Betting on the total number of points, goals, runs, sets, or other scoring units on a given event. You’ll see a number like 45.5 for a football game, and you can bet on the total number of points being Over or Under that number. It doesn’t matter who wins.
  • Props: A series of wagers relating to particular occurrences during the game like which team will score the first touchdown, how many home runs there will be, whether a basketball player will score over or under a certain amount of points, and more.
  • Futures: Season-long bets challenging you to predict a championship-winning team, total team wins for the season, who will make the playoffs, which player will win the MVP, and more.
  • Parlays: Multiple wagers included on a single betting slip. You must win on all individual bets on a parlay for it to be successful. It’s hard to get right but it results in a higher payout. PointsBet also allows you to create the same game parlays, combining wagers from the same event.
  • Teasers: Also branded as Pick Your Own on PointsBet, this bet type allows you to move the line on certain spreads, totals, and props. You don’t have to create a parlay to get a “teased” line at PointsBet, a common requirement at other sportsbooks.
  • Live betting: Most of these bets, including some additional ones, are available for events that have already started. You can bet throughout the event, with live odds changing in real time.

PointsBetting

PointsBet has made a name for itself with its unique product called PointsBetting. All of the aforementioned betting types fall in the category of fixed odds betting, meaning you’ll win based on the odds offered when placing the bet.

With PointsBetting, the success of your wager depends on score volatility. If your bet wins by 10 units, you win 10 times your wager. However, the flip side is that if your bet loses by 10 units, you lose 10 times the wager. 

Let’s say that you bet on the Washington Commanders, who are the favorites to win by 7 points. If they win by 14, you’ll win 7x your stake. If they win by 3, you’ll lose 4x your wager. Of course, you can limit the risk by using the loss limit slider, but this will also affect how much you can win.

PointsBet’s Partnership With Riverboat on the Potomac

PointsBet Maryland LLC and Riverboat on the Potomac signed a partnership in June 2021, following the legalization of sports betting in Maryland.

Riverboat on the Potomac holds a strategic position, with the building literally placed on the border between the two states. Maryland currently only allows retail sportsbooks (online betting is soon to come), but online betting is legal in Virginia. For the time being, visitors can place in-person bets on the Maryland side and switch a few meters to Virginia and use the PointsBet app.

Riverboat on the Potomac Amenities

The Riverboat offers a single restaurant with a menu containing a variety of starters, salads, seafood, meat, sandwiches, desserts, and more. Meanwhile, the recently opened PointsBet Sportsbook features its own bar with food and beverages. Many other restaurants are within walking distance.

Due to the modest size of the Riverboat, there’s no accommodation on-site, but you can find a few hotels nearby, most notably the 3-star River Edge Inn. 

Riverboat on the Potomac Customer Support

You can contact the staff at Riverboat on the Potomac as follows:

Riverboat on the Potomac Game Selection

Riverboat on the Potomac in Maryland offers OTB simulcasts, sports betting, keno, bingo, and is an official lottery retailer, but it is not a casino. Therefore, you won’t find any slot machines or table games. The best casinos in Maryland are located more inland toward Baltimore and Washington DC.

Riverboat on the Potomac FAQ

Where's Riverboat on the Potomac located?

Riverboat on the Potomac is located on the bank of the Potomac River in Colonial Beach, a town in Charles County, VA. The exact address of the establishment is 301 Beach Terrace, Colonial Beach, VA 22443.

Can I bet on sports at Riverboat on the Potomac?

Yes, you’ll find a PointsBet Sportsbook on-site, with 21 high-definition TVs, a sitting area, and a bar with food and drinks.

Does Riverboat on the Potomac offer any casino games?

Riverboat on the Potomac isn’t a casino. It’s an off-track betting parlor that offers sports betting, bingo, keno, and lottery tickets, but no slots or table games.

Is Riverboat on the Potomac a legit place?

Yes, it is. Riverboat holds all proper licenses for operating off-track betting, sports betting, and selling lottery tickets.

How old do you have to be to place bets at Riverboat on the Potomac?

The minimum age is 21 years or older for sports betting and 18 for horse race betting.

About the Author

Joshua Buckley

Sports Content Manager
Joshua Buckley is Sports Content Manager for MarylandSharp.com. Along with award-winning experience as a sports editor in Alabama and Texas, he has also spent time in public relations for the tourism and blood banking industries. Joshua is co-host of "Whole Lotta Wolves," the only U.S.-based Wolverhampton Wanders FC podcast.