BetMGM Vermont Launch Details & Review for VT May 2024

Reviewed By Ziv Chen

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Fact Checked byChris Spiteri

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Chris Spiteri is a content editor for Gambling.com. Introduced to the Sports Betting industry more than 10 years ago, Chris has been working in media and sports for the last 2 decades. Interested in a lot of sports including Football, Basketball but even niche sports as Badminton, Chris is always on the lookout to provide valuable information on safer betting on a variety of betting apps.

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Last Updated: Jan 11^th, 2024

BetMGM Sportsbook Vermont & upcoming VT Sports Betting Bonus Code launch 2023

Sports betting launched in Vermont on January 11, 2024, and competition will be fierce to enter the VT sports betting market. A maximum number of six Vermont sportsbooks will launch, and BetMGM is expected to be awarded one of the betting licenses. Read our thorough review of what BetMGM will bring to the Green Mountain State.

BetMGM Sportsbook VT Promo Code & Upcoming Bonus Overview

BetMGM will provide one of the best Vermont sportsbook promos to new players, which you can claim using the bonus code "GAMBLINGCOM". If you enter this during your sign up, BetMGM will insure your first bet up to $1,000 if it loses.

When is BetMGM Online Sportsbook Launching in Vermont?

Betting has been legalized in Vermont, and sports bettors are now eagerly awaiting betting launching in early 2024 after failed attempts in 2019 and 2021. Governor Phil Scott signed HB 127 on June 14, 2023, allowing for two to six online sports betting sites. Retail betting remains prohibited, so the only way to place wagers is through an online sportsbook. Sportsbooks must pay betting taxes at 20%, as well as paying a $550,000 license fee every three years.

BetMGM Sportsbook VT - Sports Betting Law and Bills Timeline

• 📅 January 11, 2023: Sports betting launched in Vermont. BetMGM are still awaiting for a license to start operating in the state.
• 📅 June 14, 2023: Gov. Scott signs HB 127, meaning up to six sportsbooks will be coming to VT.
• 📅 May 5, 2023: The Senate votes to approve HB 127.
• 📅 March 24, 2023: The House approves HB 127, moving the bill onto the Vermont Senate.
• 📅 February 11, 2023: HB 127 is submitted by Representative Matthew Birong. The bill allows for two to six online sportsbooks, banning in-state college sports betting. The bill does not legalize online casinos.
• 📅 February 9, 2021: Representative Dick Spears proposes SB 77, which allows for up to six online sportsbooks in VT. Once again, legislators are in no rush to address a betting bill, and it dies on the floor.
• 📅 January 2020: Three Vermont sports betting bills are submitted to state legislators. Despite SB 59 passing a Senate vote, all three bills die on the floor due to the worldwide Covid-19 pandemic focusing attention elsewhere.
• 📅 February 24, 2019: Representative Thomas Burditt puts forward HB 484. HB 484 proposes legalizing retail and online sports betting but gains little support and dies on the House floor.
• 📅 May 14, 2018: The US Supreme Court overturns the Professional and Amateur Sports Protection Act of 1992 (PASPA). This decision enables individual states to determine the legality of sports betting.
   

How to Claim BetMGM Vermont Bonus Code 

Claiming your bonus code from BetMGM couldn't be easier. Click any BetMGM link on this page when available. You will be prompted to enter a bonus code when registering your account. Enter the code "GAMBLINGCOM", and the bonus will be applied to your account. When you've created your account, deposit and place your first bet of up to $1,000. If the wager loses, you'll receive the value of your first bet back in bonus funds.

BetMGM Sportsbook Vermont Bonus Terms

• As with all sports betting promotions, the BetMGM welcome bonus has terms and conditions you need to follow. Here are the key points you need to consider.
• You must be a new BetMGM customer
• You must deposit at least $10 after creating an account and entering the promo code "GAMBLINGCOM"
• You must place your first bet within seven days of making your BetMGM account
• Bonus bet credits will expire in seven days
• You must use your bonus bets before you can withdraw any profit

BetMGM VT Sportsbook Bonus types

The competition will be fierce between betting sites now that the VT sports betting market launched. BetMGM Sportsbook and any other operators are expected to provide generous bonuses to encourage players to sign up. Bonuses allow you to try out a betting site with a chance of making a profit. Below, we've outlined some promotions you'll likely see at BetMGM VT. 

• 

  Bonus Bets

  Bonus bets allow you to place bets without risking your own funds. Sportsbooks often offer bonus bet offers, and BetMGM frequently provides some of the best bonus bets available. You get to keep profits if your bonus bet wins, but you don't get the value of the bonus bet credits.

• 

  Refer a Friend

  Competition for customers is fierce when a new sports betting market opens, and to help attract new customers, BetMGM provides a generous refer-a-friend scheme. If your friend signs up to BetMGM using your referral code and deposits, you will both earn $50 in bonus bet credits.

• 

  Parlay Boosts

  Sports bettors that enjoy placing parlay bets can look forward to parlay boosts from BetMGM, where your payout will increase. Some sports and betting markets will provide parlay boosts, and the bigger the parlay, the bigger the boost.

• 

  Parlay Insurance

  Parlay insurance means you won't lose all your funds if your parlay misses by one bet. BetMGM will refund the value of your stake up to $25 if your parlay comprises at least four legs and has odds of +400 or more.

BetMGM Sportsbook VT Review Summary

BetMGM VT Sportsbook Top Features:

• Daily odds boosts
• Integrated MGM Rewards program
• Daily live streaming
• Easy parlay feature

Pros & Cons

BetMGM Vermont Sportsbook In-depth

• 

  Betting and User Experience

  BetMGM has earned its place at the table as one of the top US sportsbooks by providing a top-quality user experience, starting with its stylish desktop platform with black, white, and gold trimmings. Navigation on this platform is a breeze, allowing you to find any market you want, create parlays, and claim promotions in just a few clicks.

• 

  Live Betting

  You'll find a massive range of live betting markets at BetMGM, with loads of bet types available for live popular and niche sports. BetMGM also provides statistics and information for all in-play events and even allows you to watch some games with live streaming. You'll find plenty of live-streaming options for European soccer and tennis.

• 

  Ongoing promos

  One area of improvement BetMGM could benefit from is more ongoing promotions because outside of the MGM Rewards program, there is very little for players to enjoy in other states. However, the sportsbook does supply daily odds boosts on popular markets.

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  BetMGM Sportsbook App Vermont

  The BetMGM sportsbook app is available in other states where the betting site is legal, and we expect the operator to bring this to VT when it launches. The app is available for iOS and Android, and its tailored software allows you to bet on the move quickly. The app gives you access to all of BetMGM's features, including the MGM Rewards program and live streaming.

• 

  BetMGM Loyalty Program

  MGM Rewards is a long-running rewards program for all MGM companies, including BetMGM. You will earn loyalty points for every bet you place, which you can use to redeem bonus credits, restaurant meals, and hotel stays.

Payment Options for BetMGM VT Betting

BetMGM will provide the same payment methods it offers in other states to players in Vermont, including deposits with debit cards, e-wallets, prepaid cards, and online banking. BetMGM is one of the few US sportsbooks that allows you to withdraw with bank cards, as well as through PayPal, Play+, and online banking.

Deposit Methods: 

• Mastercard, 
• Visa 
• PayPal 
• Venmo 
• VIP Preferred
• PayNearMe 
• Play+ 
• Online Banking

Withdrawal Methods and Days of Waiting: 

• Mastercard (2-4 days)
• Visa (2-4 days)
• PayPal (1 day)
• VIP Preferred (2-4 days)
• Play+ (1 day)
• Online Banking (2-4 days)

What Sports and Vermont sports teams will I be able to bet on at BetMGM Sportsbook VT?

Fans of sports betting in Vermont will be delighted to know that BetMGM provides markets for more than 20 sports. This includes major league events featuring New England teams, as well as niche sports like lacrosse. We've listed some of the sports that will be most popular with VT players.

NFL

Vermont sports fans tend to root for Massachusetts-based sports teams, and the New England Patriots are the best-supported team in the Green Mountain State. BetMGM will offer odds boosts whenever the Patriots are playing, as well as moneylines, point spreads, totals and more for every NFL matchup.

NBA 

The Boston Celtics are the best-supported NBA team in Vermont, and BetMGM will offer prop bets, futures and more on the 17-time league champions. Keep an eye out whenever the Celtics are playing, as BetMGM frequently offers boosted odds to give bettors extra value.

MLB 

BetMGM is an official sports betting partner of the Boston Red Sox, the most popular MLB team in Vermont. The Red Sox is one of the most storied baseball franchises, and BetMGM will offer hundreds of betting markets for every MLB game, including player props, moneylines, and more.

NHL 

As with other major league sports, Vermont fans back the Massachusetts-based Boston Bruins. You'll find betting lines for NHL games available a week before each matchup, as well as during the game with in-play betting markets.

Other Sports and E-Sports

Vermont betting laws allow sportsbooks to provide college sports betting markets, but no site will be permitted to offer betting on in-state teams. Lawmakers have yet to determine whether betting on e-sports in Vermont will be allowed, so most sites won't provide these markets when sports betting first goes live.

BetMGM Vermont most popular bet types

BetMGM Vermont will offer hundreds of different betting options on over 20 sports. Here are the most popular bet types that we expect to be available to Vermont bettors:

• Moneylines – This bet type requires you to predict team/athlete will win an event.
• Spreads – BetMGM will give the underdog an imaginary advantage and the favorite an imaginary deficit. You have to predict the game's result once these have been applied.
• Totals – Totals bets, also known as over/under bets, require you to wager on whether the final score of a game will be over or under an amount predicted by BetMGM.
• Parlays – You can add multiple bets into the same wager to create a parlay. You only win this bet if all your predictions are correct, with even one wrong bet ruining the parlay.
• Live Bets – When you place live bets, you bet on an event that has already started. You'll find many bet types above during live betting, with odds changing every moment based on what is happening.
• Futures – A bet on a significant event concluding in the future, such as predicting which teams will be playing in the Super Bowl or who will be the NHL MVP.
• Prop Bets – A bet on the statistical performance of a player or team unrelated to a game's outcome. For example, how many passing yards will the New England Patriots' starting QB throw for in a match?

BetMGM VT Sportsbook vs. Other Sportsbooks in Vermont 

Vermont sports betting laws allow for up to six online sportsbook operators to launch, and the biggest US sports betting sites are expected to want a piece of the action. We believe that BetMGM will receive a sportsbook license, as well as competitors like Caesars and FanDuel.

All three sportsbooks give customers an excellent sports betting experience, with everything a bettor could want. Caesars provides the biggest welcome bonus of up to $1,250 in bonus credits and NFL streaming. Meanwhile, FanDuel has become very popular across the US thanks to a great, easy-to-use sports betting app and regular promotions.

Depositing is easy with all three operators, with all these sportsbooks accepting a range of payment providers that process deposits instantly. Similarly, all three process withdrawals in 1-5 business days, meaning your winnings will reach you in no time.

Caesars, FanDuel, and BetMGM all have very competitive odds, so you'll get good value wherever you place your wagers.

Do you have to pay taxes on any winnings at BetMGM Vermont Sportsbook

You have to declare all of your gambling winnings to the IRS and complete a W-2G form if you win over $600. You must also include your sports betting winnings in your Vermont taxes, payable between 3.3% and 8.75%, depending on your earnings.

Responsible Betting at BetMGM Vermont 

BetMGM provides multiple different tools to customers to promote responsible gambling. BetMGM and all other licensed Vermont operators will let you apply deposit limits, bet limits, and time-outs to ensure you can enjoy sports betting responsibly. Betting in Vermont is overseen by the Vermont Department of Liquor and Lottery, which will ensure that all sportsbooks meet high standards of responsible gambling care.

BetMGM Sportsbook Vermont: Final Verdict

Bringing sports betting to Vermont has been many years in the making, and our team is excited at the prospect of the best US sportsbooks coming to the state. Sportsbook licenses are available for up to six operators, and we can confident that BetMGM will be awarded a sportsbook license.

BetMGM has proved to be one of the best sports betting sites for multiple different reasons. New customers can access a generous welcome bonus by using the promo code "GAMBLINGCOM", existing users can enjoy various odds boost offers, and everyone can enjoy high-quality live streaming. Every bet you place earns points for the MGM Rewards program, so you can contribute towards prizes even if your bets don't win.

Click any link in this guide to see what BetMGM has to offer you when betting comes to Vermont in early 2024.

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Ziv Chen

Fact Checked by

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Chris Spiteri is a content editor for Gambling.com. Introduced to the Sports Betting industry more than 10 years ago, Chris has been working in media and sports for the last 2 decades. Interested in a lot of sports including Football, Basketball but even niche sports as Badminton, Chris is always on the lookout to provide valuable information on safer betting on a variety of betting apps.

Read Full Bio

Chris Spiteri

Last Updated:   Jan 11^th, 2024

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