Is sports betting legal in Vermont?
At midnight on the 11th of January 2024, Vermont became the latest US state to allow online sports betting sites to legally open their virtual doors. Bill H127 states that up to six sportsbooks have the potential to go live. However, only three online sportsbooks are currently available, including established powerhouses Fanduel and DraftKings.
As it stands, in-person sports betting will remain illegal across the Green Mountain State. Plus, you’ll also have to bear in mind that the
gambling age in Vermont
is strictly set at 21. In order to comply with the laws and legislation, new users will be required to pass verification checks that help to confirm their identity before registering at a top site or downloading a sports betting app in Vermont today.
All checks and continued activity at an online sportsbook in Vermont will be overlooked by the Department of Liquor and Lottery, ensuring that all platforms and players are adhering to state laws and legislation.
When looking closer at tax, revenue, and allocation, it is important to note that you will be expected to declare your winnings. Bill H127 explicitly states that all lottery winnings, including those from sports betting in Vermont, will be taxable as income. Although difficult to tell at this early stage, state predictions suggest that an initial annual revenue of between $2-3 million is possible. Over time, this could rise to $10-15 million per year. All funds will help to support the Liquor and Lottery Department – more specifically, the Garden Mountain state’s problem gambling fund.
A brief history of sports betting in Vermont
The road to legalizing online sports betting in Vermont hasn’t been so straightforward. As you’ll see, there have been numerous failed attempts since things started out in 2019.
Bill H484 was introduced in 2019. The bill aimed to legalize online and retail sports betting in Vermont. However, it was read just once in a House committee and never followed up.
In 2020, two sports betting bills came to light. Bill S213 proposed a mobile-only sports betting scene. Instead of the $5,000 fee attached to the DFS market, a 10% tax would now be applied. The same would then be used to tax sports betting. This Bill was overlooked after its first reading. Secondly, Bill S59 was introduced in March 2020. This Bill was passed through the Senate to the House but never went any further.
Things start to take a little more shape in 2021. In February, SB 77 was introduced, proposing the legalization of sports betting under the Department of Liquor and Lottery. It would allow up to six sports betting sites in Vermont to open their doors. The bill is read but does not progress any further. By June, Vermont passed HB 313 – an act related to amending the laws surrounding alcohol that also requires a study on sports betting to be performed. In October, a full study was completed detailing the potential revenue and taxation of sports betting across the state.
In February, over a year after any further updates, a sports betting proposal was put forward and moved through the house. Bill H127 would allow for between 2 and 6 sportsbooks in Vermont to open. However, it would also unify the legal age of daily fantasy sports players and sports bettors at 21. By May, the Bill had passed the Senate. In June, it was confirmed that Bill H127 had been approved – the bill was then signed into law by the Senate, Gov. Phill Scott.
January 11th saw the very first sportsbook in Vermont launch. This included two renowned platforms – DraftKings and Fanduel – who had already established themselves to sports fans as a daily fantasy sports operator. There is still potential for a further three online sportsbooks to launch later in the year.
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Safeguarding: Reasons for the change in legislation
As evidenced, the change in legislation hasn’t happened overnight. In fact, since the initial overturning of PASPA and the swift launch of daily fantasy sports, it has taken a number of years for the Bill H127 to pass.
Why now? You may be asking. Well, there are a number of reasons why the state has opted to legalize sports betting across Vermont. The main focus, however, has always been safeguarding its residents.
Geofencing technology serves its purpose and
generally
provides clear blocks for out-of-towners. However, as most states surrounding Vermont have legalized sports betting in some capacity already, sports bettors in Vermont have found that they can bypass any geoblocks from specific locations. A sudden rise in the use of illegal offshore betting sites has also led to the amendment to state laws and legislation.
Although many sites that had been visited outside of Vermont are all deemed
legitimate, players will have had no consumer protection. Should anything have gone wrong with bonuses, promotions, deposits, or withdrawals, players would be unable to claim or receive the support they require. Now, with official laws and legislation in place, those in Vermont looking to place sports bets can do so at three reputable sportsbooks. Algorithms will then be used in order to monitor and alert any unsavory activity, ensuring that sportsbooks and players alike will be looked after throughout.
Scope: National, regional, and college sports are covered
Around the US, different state laws surround eligible markets, sports, and overall coverage. For those interested in sports betting in Vermont, you’ll find that a whole world of opportunities await.
As you’d expect, you’ll find that you can build bets and release bonuses to use across all major sports, leagues, and competitions, including the NFL, NHL, MLB, and beyond. Plus, depending on your chosen sportsbook, you’ll also find that esports markets and other niche sports may be covered.
Beyond global coverage, you’ll find that Bill H127 allows for regional sports to be bet on, too. You may even find markets focused on college sports teams, provided that they are playing a tournament. Much like the rest of the US, It is also worth noting that you cannot use your credit card to deposit or withdraw at a sportsbook in Vermont. Due to the lack of physical sportsbooks, you’ll find that all deposits and withdrawals must also be completed online.
Advantages
- Unlock promotions for all major sports leagues
- Find markets for all global, national, and regional sports
- Can bet on college sport outcomes if playing in a tournament
Disadvantages
- No physical locations to withdraw
The best legal sportsbooks in Vermont in September
Now we know all there is to know about legally betting in Vermont, let us take a closer look at? two of the biggest names to launch across the state.
FanDuel - offering top bonuses, a range of markets, and an intuitive betting app in Vermont
FanDuel: Pros & Cons
- Impressive new customer offer
- 24/7 customer support
- Intuitive mobile app
- Range of payment methods
- WIthdrawals can take up to 7 days
Fanduel is considered one of the best Vermont online betting sites. The popular platform has been around for a number of years, already offering Vermont sports fans the chance to enjoy their DFS offering. Now that sports betting has officially launched, players will find that they can now venture into the world of professional, regional, and collegiate sports betting, unlocking a stream of markets and sports that cover all preferences.
To help get you started, Fanduel is also offering all new recruits the chance to unlock $200 in bonus bets. You’ll first need to work your way through the registration process and deposit at least $5. Once completed, you’ll need to place your bet of $5 before finding $200 in bonus bets added to your account. Although there is no need to enter a
Fanduel sportsbook promo code in Vermont, you will still need to play through your bonus once before it can be redeemed. Complementing the impressive welcome bonus and stream of available markets is a dedicated support team that works around the clock, a fantastic range of credible payment methods, and a dedicated mobile app.
DraftKings: Pros & Cons
- Huge sports betting lobby
- Fantastic welcome bonus
- Simple registration
- Dedicated mobile app
- Sportsbook can feel overcrowded
Alongside Fanduel, mobile sports betting in Vermont can be enjoyed at DraftKings. The popular online sportsbook has been a regular feature for many sports fans already in the state, having offered its daily fantasy sports contests for a number of years. To help get your sports betting experience up-and-running, DraftKings is offering you the chance to add $200 in bonus bets to your account. In order to release the bonus, you won’t be expected to enter a
Draftkings sportsbook promo code in Vermont, but you will be expected to register, make a qualifying deposit of $5, place a bet of $5, and wait for your bonus bets to hit your account.
DraftKings is home to a huge online sportsbook, featuring betting opportunities suited to all preferences. You’ll find that you can wager on all major sports, regional tournaments, and even find competitive odds for the Catamounts. Support is reliable, ongoing promotions are readily available, and you can deposit and withdraw freely using a range of credible methods. Plus, you can even enjoy the same great coverage and betting experience through the mobile app.
| Sportsbook | Launch Date | New customer offer | Sports | Standout feature |
| FanDuel | 11th January, 2024 | Bet $5, Get $200 in bonus bets | Football, baseball, hockey, esports, golf, and more | The intuitive mobile app helps to make betting on the go streamlined |
| DraftKings | 11th January, 2024 | Bet $5, Get $200 in bonus bets | Football, basketball, soccer, esports, MMA, and more | The live betting experience covers all sorts of markets and offers competitive odds throughout |
Join one of the best Vermont online betting sites today
It’s an exciting time for those in the Green Mountain State – finally, we can say that sports betting in Vermont is live.
Currently, you’ll have three great online sportsbooks to choose between. However, three more sports betting sites look set to join the mix. To help you make an informed decision, we will continue to build honest and authentic reviews on the very best sportsbooks in Vermont and any bonuses they may introduce along the way.
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Vermont sports betting FAQ
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How do I find the best sports betting app in Massachusetts?
There are many different attributes that help to determine the caliber of each betting app. Some will focus on technology and usability, while others will focus on
Vermont sports betting promos
and market coverage. Currently, you’ll have the choice of three great apps in the Green Mountain State.
?
Can I legally bet using betting apps in Vermont?
Yes.
Online gambling is legal in Vermont. You can currently access three major online sportsbooks, including Fanduel and DraftKings, through your desktop or on the go via a dedicated app. As things stand, you will not be able to bet in person.
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Where can I bet in Vermont?
At the time of writing, betting in Vermont can only be performed at three online sportsbooks. There is no retail betting available in the Green Mountain State; however, a total of six online sportsbooks are set to launch by the end of the year.
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