Gambling.com » Sports Betting » Vermont Sports Betting: VT Sportsbooks and Betting Apps possibly launching in 2023
Vermont Sports Betting: VT Sportsbooks and Betting Apps possibly launching in 2023
Legal sports betting isn't available in Vermont yet, but Governor Phil Scott signed HB 127 on June 14, 2023, meaning that Vermont bettors don't have long to wait. The Vermont sports betting bill allows for between two and six online sports betting sites, and we expect legal Vermont sports betting to be available from January 2024.
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Vermont became the final New England state to legalize sports betting when Gov. Scott signed HB 127 on June 14, 2023. Vermont bettors can look forward to licensed sportsbooks being available from January 2024. HB 127 allows between two and six online sportsbooks to go live, so fans will be spoilt for choice when Vermont legal sports betting arrives.
Vermont bettors had to wait for a long time for the day that Vermont legalizes sports betting. Vermont lawmakers reviewed proposed bills in 2019 and 2021, but HB 494 and SB 77 gained no momentum. Subtle changes were made in 2023, and the proposed Vermont sports betting laws were approved this time.
HB 127 legalizes online sportsbooks but prohibits sports betting in retail locations. Vermont sports betting sites must pay 20% taxes on revenue as well as a $550,000 fee payable every three years.
Current Status of Sports Betting in Vermont
Vermont Sports Betting – Quick Overview
ℹ️ VT Sports Betting:
🚫 Not Available
🤑 Vermont Daily Fantasy Sports:
✅ Available
🏇🏻 Online Horse Racing:
🚫 Not Available
🎰 Online Casinos:
🚫 Not Available
💰 Lottery:
✅ Available
🏦 Tribal Casinos:
🚫 Not Available
🂡 Card Rooms:
🚫 Not Available
What are the betting options currently available in Online Sports Betting Vermont?
There are currently no betting options available in Vermont. Sports betting was legalized in June 2023, but the sports betting market isn't expected to launch until January 2024. Retail sportsbooks have not been legalized, so the only way to enjoy sports betting in Vermont is through online sportsbooks. You'll find all the best betting apps in Vermont right here, so bookmark this page for when Vermont sports betting sites launch.
Is Sports Betting Legal in VT?
Gov. Scott made sports betting legal in Vermont when he signed HB 127 in June 2023. However, Vermont sports betting isn't available yet, with the market due to launch in January 2024. Two to six online sports betting licenses are available, and we expect all of the best US sports betting sites to apply for a Vermont license.
Is Vermont Daily Fantasy Sports Betting legal?
Vermont was one of the first US states to legalize Daily Fantasy Sports (DFS) formally. A bill was passed in 2017 as then-Attorney General William Sorrell declared DFS to be in contravention of Vermont gambling laws. New legislation was drafted to allow DraftKings, FanDuel, and others to operate legally in the Green Mountain State.
When is Vermont Online Sports Betting expected to launch?
Sports betting in VT is expected to launch in January 2024. This depends on the Vermont Department of Liquor and Lottery establishing the required framework for online sportsbooks. An application process will take place in Fall 2023 to determine which online sports betting sites will be awarded a Vermont sports betting license.
Will Vermont Betting Apps become legal?
Yes. In fact, betting apps will be the only way to bet on sports in Vermont. Retail sportsbooks have not been legalized as it was determined that the state did not have the infrastructure available to support in-person betting. Mobile sports betting will also be available through mobile browser sites.
Which Sports will be legal to bet on at a Vermont Sportsbook?
Vermont sportsbooks will offer a wide range of sports to bet on, and our team anticipates that over 20 sports will be available for wagering. This will range from major league sports such as the NFL, NBA, NHL, and MLB through to niche sports such as lacrosse, snooker, and cricket. College sports betting is legal, except for betting on in-state college teams during the regular season.
Which Sports will be illegal to bet on?
Betting on Vermont college sports teams is illegal unless the team is competing in a post-season tournament. As with the rest of the US, betting on high school games is illegal. Bets on non-sporting events such as politics and award ceremonies are also prohibited.
Online Sportsbooks and Betting Apps We Expect to Launch in Vermont
Between two and six Vermont sports betting licenses will be available, and we expect competition for these licenses to be fierce. Here are the online sportsbooks we expect to see when Vermont sports betting launches in January 2024.
Fanduel Sportsbook
Fanduel has used the DFS loophole in the state and offered its daily fantasy sports services to residents of the state. But with the new law, it's expected that this operator will embark on a more ambitious path offering its full spectrum of sports markets and promotions through its streamlined FanDuel sportsbook app.
BetMGM Sportsbook Vermont
Owned by famous casino operator MGM Resorts International and global gambling brand Entain, BetMGM sportsbook provides plenty of benefits for sports bettors. Its MGM Rewards program allows you to earn loyalty points for betting and use them to claim real-life prizes like MGM Resorts stays and restaurant meals.
Caesars Sportsbook
Caesars Sportsbook has plenty of unique features bettors can enjoy, including live streaming of Sunday NFL games and the Caesars Rewards program. Caesars is also known for offering the biggest welcome bonus available in many US states.
DraftKings Sportsbook
DraftKings was founded in nearby Massachusetts and already provides its Daily Fantasy Sports product in Vermont. DK is also an official betting partner of New England sports teams like the New England Patriots and the Boston Red Sox, which are very popular in Vermont. Fans who sign up with DraftKings sportsbook will find plenty of exclusive promotions on these teams and all the major leagues.
Best Sports Betting App Vermont: Bonuses and Promotions
The best online sports betting sites in VT will offer different bonuses and promotions to encourage new customers to sign up. Bonuses and promotions will vary from sportsbook to sportsbook, but the section below provides an overview of the bonuses bettors can expect.
Sign-Up Bonuses
A sign-up bonus is a promotion only available to new customers. Online sportsbooks will provide generous rewards to customers that register and follow terms and conditions like making a minimum deposit. Once you've qualified for a sign-up promo, you can get bonuses like bonus bet credits and deposit matches. Sign-up bonuses are often the most generous offers a sportsbook will provide, so we recommend players claim them every chance they have.
Pre-Launch Offers
A pre-launch offer is a sign-up bonus you can claim before a sports betting site launches in a state. As Vermont legal sports betting hasn't gone live, many operators expected to launch will provide pre-launch offers you can claim now.
Events Promotions
The best sportsbooks have special promotions around big events such as the Super Bowl or the NBA Championships. When sports betting in Vermont launches, check your sportsbook app daily in the run-up to significant events, as regular odds boosts, bonus bets, and other exciting boosts will be available.
Top 5 Vermont Sports Teams to Bet On at VT Betting Apps
There are no professional sports teams in Vermont, so fans firmly back the Massachusetts-based sports teams. The most popular sports teams in each of the four major leagues are:
NFL: New England Patriots
NBA: Boston Celtics
MLB: Boston Red Sox
NHL: Boston Bruins
College sports are huge in New England, and March Madness is the biggest sports betting event of the college sports calendar. We expect Vermont bettors to back the University of Connecticut Huskies in the NCAA Men's Basketball Tournament. While not a Vermont college, New England residents tend to back sports teams in the region, and we expect the 2023 NCAA tournament winners to receive substantial support.
Retail Sportsbooks and locations in Vermont
HB 127 does not allow for retail sportsbooks, and as such, there will be no physical locations to bet in Vermont. All sports betting in Vermont will be done online via an app or mobile site. Vermont lawmakers made this decision due to concerns that the state did not have the infrastructure in place to support sports betting as there are no commercial or tribal casinos.
Overview of Sports Betting Law and Bills in Vermont
The Professional and Amateur Sports Protection Act of 1992 (PASPA) is overturned by the US Supreme Court. This landmark ruling enables individual states to determine the legality of sports betting.
HB 484 is presented to the House by Representative Thomas Burditt. The bill proposes legal online and retail sports betting but does not get voted on in the House, and the bill dies on the floor.
Three betting bills are presented to Virginia lawmakers. SB 59 and SB 213 are put forward, while HB 484 is reintroduced.
Despite SB 59 passing a vote in the Senate, all three sports betting bills die on the House floor. Vermont sports bettors will continue to wait for legal sports betting.
SB 77 is introduced by Senator Dick Spears allowing for up to six sportsbooks. The bill fails to gain momentum and again dies on the floor
Representative Matthew Birong introduces HB 127, a sports betting proposal allowing for between two to six sportsbooks.
HB 127 becomes the first sports bill to clear a vote from Vermont lawmakers, comfortably passing a House vote.
HB 127 passes a vote in the Senate, to make betting legal in Vermont.
Gov. Scott signs HB 127, legalizing betting in the state. Expectations are that sports betting will be available in January 2024.
Sports Betting Vermont vs. Other Legal Sports Betting States
Vermont was the last state in New England to legalize sports betting. We've outlined how the Green Mountain State compares with other states in the US to give you an insight into the market.
What are the tax implications for bettors and operators in states where online sports betting is legal?
Sports bettors face the same tax situation in all US states. All winnings from sports betting are taxable, and you must complete a W-2G form if you win over $600. All sports betting winnings must be declared to the IRS. Specifically in Vermont, you must also include your gambling winnings in your state income tax, payable at 6% if you live in the state and 7.25% if you're from another jurisdiction.
Are there any limitations on the types of bets that can be placed in legal sports betting states?
Sports betting in Vermont has similar betting restrictions as other New England states when it comes to betting on college teams. All states in New England prohibit betting on in-state college teams during the regular season. Massachusetts and Vermont have chosen to lift this restriction if in-state college teams play in a post-season tournament of four or more teams.
Are there any age or residency requirements for online sports betting in states where it is legal?
You need to be 21 or older to wager with an online sportsbook in New England. As with all other legal betting states, you must be physically located in the state to place an online bet. Your Vermont sportsbook will use geolocation technology to track your location and only permit you to bet in areas where it is legal.
Do legal sports betting states have restrictions on the types of sports or events that can be bet on?
Even if sports betting is legal in a state, some events are still restricted to bettors. Betting on high school sports is illegal in all US states, and betting on in-state college teams is prohibited in all states in New England. Betting on events such as the Academy Awards is restricted in all states in New England except for Massachusetts.
What measures are in place to ensure the safety and security of online sports betting platforms in states where it is legal?
Each state has a regulatory body that oversees sports betting in the state. In Vermont, this responsibility falls to the Department of Liquor and Lottery. As part of the licensing process, the Department assesses each applicant to ensure that appropriate safety and security measures are in place and that player funds are protected.
Responsible Vermont Sports Gambling
Oversight of all Vermont sportsbook activities falls to the Vermont Department of Liquor and Lottery. The Department will ensure that responsible gambling tools are available to all sports bettors, and online betting sites are obliged to offer deposit limits, betting limits, and time-outs, among other tools. Vermont will also introduce a state-wide self-exclusion program that will enable problem gamblers to exclude themselves from all sports gambling Vermont has to offer.
Most Vermont sports betting sites will provide details on responsible gambling on a dedicated page or through a Vermont sports betting FAQ section.
FAQ
Sports betting in VT became legal after Governor Phil Scott signed HB 127 in June 2023. However, Vermont sports betting sites haven't launched yet. Vermont sportsbooks are expected to go live in January 2024.
Not yet, but DraftKings is expected to be one of the brands to obtain a license to operate an online sportsbook in Vermont. When the sports betting market launches in January 2024, DraftKings will likely be one of the first legal sportsbooks available.
Vermont is a legal betting state, but the sports betting market hasn't launched yet. Our team expects Vermont sports betting to be available in January 2024. VT horse betting is currently legal.
You can play Daily Fantasy Sports in Vermont with FanDuel. Sports betting isn't available in Vermont yet, but when legal Vermont sports betting goes live, FanDuel is expected to be one of the online sportsbooks to receive a sports betting license.
You can't bet on sports yet, but sports betting has been legalized. The Department of Liquor and Lottery is in the process of establishing the sports betting infrastructure in Vermont with a view to sports betting being available in January 2024.
DraftKings Sportsbook isn't legal yet in VT as sports betting hasn't launched. Online sports betting was legalized when HB 127 passed. We expect DraftKings to be available to Vermont bettors when Vermont sports betting launches in the state.
Not yet, but we expect FanDuel to be available in Vermont when sports betting goes live in January 2024. FanDuel is currently accessible in Vermont if you want to play Daily Fantasy Sports, but fans of sports betting will have to wait a little bit longer.
Not yet, but online sports betting is coming to Vermont soon. Online sports betting was legalized when Governor Phil Scott signed HB 127 and is coming to Vermont in January 2024. VT online horse race betting is legal, and several sites are available for horse racing wagering.