Legal sports betting has officially arrived in the state of Vermont! The official online sports betting launch date was January 11, 2024, with DraftKings, FanDuel, and Fanatics Sportsbook available on the launch date.
This means sports fans across The Green Mountain State can legally bet on March Madness! Better yet, every new player can get a tremendous bonus offer from both DraftKings and FanDuel.
Sportsbook
Vermont Offer
Bonus Code
Bet $5, Get $200 in Bonus Bets
New VT Clients Only
21+ and present in VT. Gambling Problem? Call 1-800-GAMBLER.
Vermont bettors must be 21+ and present in VT. Terms and Conditions apply. Gambling Problem? Call 1-800-GAMBLER.
Continue to monitor this page as we will add every pre-launch offer, from every VT sportsbook, as they are announced. We expect at least 2 pre-launch offers and as many as 5 sportsbooks to be live in Vermont on launch day.
Find the latest Vermont sports betting details, including projected start date, betting rules, and more, in the table below.
Vermont Sports Betting Launch Details
Launch Date
January 11, 2024
Licensed Sportsbooks
FanDuel, DraftKings, Fanatics
Mobile Betting and Registration
Yes
In-Person Betting
No, Vermont will offer online betting only.
Legal Betting Age
21+
Betting on College Sports
Vermont bettors can bet on college sports, however, they are not allowed to bet on in-state colleges.
Vermont Sports Betting Timeline
It took Vermont legislators less than six months to legalize sports betting. The process started with the introduction of House Bill 127 in January 2023, and the bill was signed by Governor Phil Scott in June 2023. Here is an overview of the complete sports betting timeline in Vermont:
March 2019: Vermont bill H.484 is introduced to legalize sports betting in the state, but ultimately dies in the House.
March 2020: Vermont bill S.59 is introduced, ultimately creating a committee responsible for researching sports betting in the state.
March 2023: Vermont bill H.127 is read for the first time in committee.
May 2023: An amended and approved version of H.127 is delivered to Governor Phil Scott.
June 2023: H.127 is approved and signed by Governor Scott on June 14, 2023, officially legalizing sports betting in the state.
December 2023: The first pre-launch bonus offers from FanDuel and DraftKings go live in Vermont.
January 2024: Sports betting officially goes live in the state with FanDuel, DraftKings, and Fanatics.
Vermont Sportsbooks: First Look at Early Applicants
Now, to address the question that every Vermont sports bettor wants answered, What sportsbooks will be available in the state when betting goes live in January? Bill H.127 allows up to six online sportsbooks, and the state has confirmed these five operators have already applied for a Vermont sports betting license:
DraftKings Sportsbook
FanDuel Sportsbook
BetMGM Sportsbook
Fanatics Sportsbook
ESPN Bet Sportsbook
The application for these sportsbooks is relatively straightforward. The state law does not allow in-person betting and there are no brick-and-mortar casinos in Vermont, meaning online operators will not be required to have a brick-and-mortar sportsbook location.
Sportsbook Taxes, Fees, and Revenue Sharing
One of the many questions Vermont taxpayers want answered is how the state will drive revenue through legal sports betting. There are two primary revenue streams, licensing fees and revenue-sharing.
Vermont will charge sportsbook operators $500,000 for a sports betting license. That fee will become a smaller annual licensing fee that will be determined by the number of sportsbooks licensed to operate in the state. Bill H.127 allows for a minimum of 2 sports betting licenses and a maximum of 6.
The bill also states that Vermont will receive a minimum revenue share of 20% from every operator. It is important to note that revenue is determined after subtracting operating expenses, and it is unlikely that the sportsbooks will be profitable within the first few years of operating in the state.
Popular Sports Teams Amongst Vermont Bettors
As part of New England, Vermont sports fans tend to identify with teams located in the greater Boston market. Specifically, the New England Patriots, Boston Celtics, Boston Red Sox, and Boston Bruins are the most popular professional sports teams in Vermont.
In 2021, Vermont lost its only professional sports team, the Vermont Lake Monsters. The Lake Monsters were one of 40 MiLB franchises eliminated by the MLB in 2021. However, the team was eventually sold to Nos Amours Baseball Club, which now runs the club as part of the Futures Collegiate Baseball League.
Perhaps the most popular in-state team in the University of Vermont Catamounts. UVM competes in NCAA Division 1 athletics, and UVM basketball and hockey tickets are amongst the hardest to find in the state.
Vermont Sports Betting Rules
The U.S. sports betting industry is heavily regulated, and Vermont is no exception. The rules regulators have put in place determine everything from the legal gambling age to the types of bets sportsbooks are allowed to offer in the state.
Perhaps the most important rules pertain to where and how you are allowed to bet. In Vermont, bettors can register and wager using any licensed sports betting website or app.
What Sports are Can You Bet On in Vermont?
Vermont bettors will be able to find odds for every major professional and collegiate sport. This includes the NFL, NBA, MLB, NHL, PGA, UFC, College Football, College Basketball, and even eSports.
However, betting on in-state college teams is prohibited unless that team is competing in a national tournament. So, UVM fans will have to wait for the NCAA Tournament if they want to bet on the Catamounts.
What Types of Bets are Legal in Vermont?
There are no restrictions on the types of bets sportsbooks are allowed to offer in Vermont. This means bettors in the state will be able to place every popular bet type including spreads, moneylines, parlays, teasers, same game parlays, player props, and live betting.
Problem Gambling Resources Available in Vermont
Vermont has already created a resource center for problem gambling. This website includes a number of resources to help identify, prevent, and treat problem gambling. These include:
Contact information for the National Council on Problem Gambling, including a 24/7 national helpline.
A list of online and in-person services, as well as a directory of Vermont treatment centers.
An online assessment that will help you evaluate whether you or a loved one has a gambling problem.
A list of addiction and problem gambling counselors available in every county across Vermont.
Vermont Sports Betting FAQs
With the start of legal sports betting rapidly approaching, Vermont sports fans likely have plenty of questions about how betting will work in their state. We address a number of these FAQs below and welcome you to contact us with any other questions or concerns you may have.
Is sports betting legal in Vermont?
Yes, sports betting was signed into law in Vermont in June 2023. However, bettors will still need to wait for the official start of legal sports betting in the state. Our current projected start date is January 11, 2024.
What is the legal betting age in Vermont?
The legal sports betting age in Vermont is 18. However, some sportsbooks are expected to maintain the 21+ betting age that applies in the majority of U.S. sports betting markets.
What online sportsbooks are available in Vermont?
Vermont has yet to approve any sportsbooks, but several applicants expect to receive approval to launch in Q1 2024. This includes DraftKings, FanDuel, BetMGM, Fanatics, and ESPN Bet.
Can I bet on my phone in Vermont?
Yes, all forms of online sports betting, including mobile betting, are legal in Vermont.
When will bonus offers be available from Vermont sportsbooks?
While there are no confirmed start dates for bonus offers, Vermont bettors can expect to see pre-launch offers in the weeks leading up to the official January 2024 launch date.
Vermont bettors must be 21+ and present in VT. Terms and Conditions apply. Gambling Problem? Call 1-800-GAMBLER.
Chris Lollis is a sports betting expert that has covered the industry for more than a decade. Over that time he has covered everything from the repeal of PASPA to the state-by-state legislative changes. Chris serves as the Head of Content at EatWatchBet, and is responsible for tracking latest news and updates from every U.S. sportsbook.
