Fanatics Vermont Launch Details & Review for VT May 2024
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Fanatics Sportsbook Vermont & upcoming VT Sports Betting Bonus Code launch 2024
Vermont has recently passed a sports betting law and bill to legalize up to six Vermont Sportsbooks. Fanatics already acquired one of these six licenses, that launched earlier in 2024. Read our Fanatics Sportsbook review to discover the exciting features and bonuses offered in Vermont.
Fanatics Sportsbook VT Promo Code & Upcoming Bonus Overview
Fanatics Sportsbook isn't live yet but will surely hit new users with Vermont Sportsbook promos. No Fanatics sportsbook bonus code is required. You can redeem the promotion by clicking the links on this page when available.
When is Fanatics Online Sportsbook Launching in Vermont?
Governor Phil Scott officially legalized online sports betting when he signed HB 127 into law on June 14, 2023. A maximum of six online sportsbooks will be licensed, but players should note that in-person sports betting will remain prohibited. The exact launch date for these online sportsbooks has not yet been confirmed, but January 2024 has been suggested as a probable time frame. The Fanatics Sportsbook is anticipated to be one of Vermont's leading providers for sports fans.
Fanatics Sportsbook VT - Sports Betting Law and Bills Timeline
- 📆 December 12, 2023: Fanatics, together with DraftKings and FanDuel were granted a license to operate in Vermont starting January 11 2024.
- 📆 June 14, 2023: Governor Phil Scott signed HB 127 into law. The implementation of legal sports betting is expected to take place in 2024.
- 📆 May 6, 2023: HB 127 gains approval from the Senate Committee, which clears the path for the Governor's signature.
- 📆 March 24, 2023: A renewed attempt to introduce a sports betting bill allowing betting markets in VT.
- 📆 February 10, 2021: Representative Dick Spears presented SB 77 in another attempt to garner support for sports betting. However, this failed once again.
- 📆 January 2020: Various bills on online sports betting were put forward, but none passed due to COVID disruptions.
- 📆 February 25, 2019: Rep. Thomas Burditt introduced HB 484 to the VT house, proposing the legalization of sports betting. However, the bill ultimately failed to progress through the House.
- 📆 May 14, 2018: A US Supreme Court decision overturned the Professional and Amateur Sports Protection Act of 1992 (PASPA). With this, states could individually determine sports betting regulations per the 10th Amendment.
How to Claim Fanatics Vermont Bonus Code
While we don't know the exact process of claiming the Fanatics Sportsbook welcome bonus, it will be straightforward and similar to getting promotions from other online sports betting sites. Based on the site's beta version, such as Fanatics Sportsbook Maryland, you won't need a Fanatics Sportsbook promo code to claim the welcome offer. Instead, you can just click the links on this page and sign up.
Fanatics Sportsbook Vermont Bonus Terms
As the Fanatics Sportsbook launch has not yet happened anywhere, specific bonus T&Cs have not been finalized. However, here are some terms you will likely need to consider.
- Players must be at least 21
- Players must make a minimum deposit
- Bonus bets must be redeemed and used within a set time frame
Fanatics VT Sportsbook Bonus types
Online sports betting fans in VT can rejoice, as there will likely be many betting options and Fanatics Sportsbook promo when it launches. Whether amateur or experienced, customers can expect a selection of bonus promotions and attractive odds to capitalize on. Here are some of the main types we expect Fanatics Sportsbook to offer:
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Bonus Bets
Fanatics betting is expected to have some of the best bonus bets in the state if it launches in Vermont. These are essentially bets you can use without spending your money on specific sports or events, allowing sports bettors to potentially earn real money with less risk.
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Enhanced Odds
This type of Fanatics Sportsbook promo may give online sports betting fans odds boosts on selected markets, providing better potential payouts for players. While it isn't confirmed, enhanced odds are incredibly likely to be one of the Fanatics Sportsbook promo offers available in VT.
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Early Payouts
Early payouts are another type of bonus sometimes seen in the online sports betting industry. Bettors can have a bet paid out in full early if their team is leading - even if it goes on to lose. You can check back on this Fanatics Sportsbook review to see if the betting platform provides these promotions when it launches.
Fanatics Sportsbook VT Review Summary
Fanatics VT Sportsbook Top Features:
- FanCash rewards program
- Live betting
- Early cashouts
- Mobile betting
Pros & Cons
Fanatics Vermont Sportsbook In-depth
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Betting and User Experience
As the online sportsbook is not yet officially live, the user interface will most likely be altered before the official Fanatics Sportsbook launch. However, from what we can tell, the desktop site will mirror the structure employed by most US sportsbooks. Fanatics will also provide competitive odds to complement its user experience.
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Live Betting
It is safe to assume that Fanatics Sportsbook will offer real-time betting. This will enable online sports betting fans to place bets in real-time, with changing odds. There is also potential for live-streaming services, which would allow fans to watch sports like NFL during football season or NBA during basketball season.
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Welcome offer
As discussed, the welcome bonus at Fanatics Sportsbook could provide new players with up to $1,000 in bonus bets when they create an account. However, this bonus may change before the launch, so be sure to revisit this page for the latest information.
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Ongoing promos
Our team is assured that, like all other online sports betting sites, Fanatics online sportsbook will have more than one type of ongoing Fanatics Sportsbook promo. This may involve different promos on selected sporting events, betting markets, or players. When we learn more about bonus bets and odds boosts available at Fanatics, we'll update this page.
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Fanatics Sportsbook App Vermont
The Fanatics Sportsbook app will be available on both the Apple App Store and google play store. The mobile app is currently being beta tested, and early reports suggest it functions well and provides bettors with plenty of ways to play on the move.
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Fanatics Loyalty Program
Fanatics Sportsbook will provide users with a loyalty program called "FanCash". This is designed to encourage existing Fanatics fans to return to the sportsbook. FanCash is awarded for every bet you make, which you can redeem for bonus bets or Fanatics brand merchandise. This is the exchange rate: -1% FanCash on every $1 on a straight bet -3% on each $1 parlay bet -5% on every $1 on all same game parlays
Payment Options for Fanatics VT Betting
As Fanatics Sportsbook hasn't been launched to the public, what payment methods the betting site will accept is unknown. However, it can be assumed that most main payment methods used in mobile sports betting will be accepted. Here are some of the potential options.
Deposit Methods:
- Visa
- Mastercard
- PayPal
- Apple Pay
- Bank Transfer
Withdrawal Methods:
- Visa
- Mastercard
- Paypal
- Apple Pay
- Bank Transfer
What Sports and Vermont sports teams will I be able to bet on at Fanatics Sportsbook VT?
Despite lacking a professional team of their own, Vermont residents exhibit strong support for major league teams and are exceptionally loyal to Boston's franchises. As a result, several different sports will likely garner popularity among Vermont sports betting fans.
NFL
NFL has always been a fan-favorite among US bettors, and we expect the next football season to be no different. Sports betting fans in Vermont are especially fond of the New England Patriots, so look out for special offers on games featuring the team.
NBA
The NBA has an action-packed season that is always popular in Vermont, and Fanatics Sportsbook users can anticipate a variety of bet options on games like moneylines, point spreads, and totals. The famous Boston Celtics franchise gets plenty of support in the Green Mountain State, so some related promotions will likely be up for grabs.
MLB
The Boston Red Sox has a substantial fanbase in VT, and Fanatics Sportsbook will give MLB fans ample opportunity to place wagers on the team's performance. MLB bet boosts, and early cash outs are pretty frequent in sports betting, and there is potential for Fanatics Sportsbook to provide this regularly to VT bettors.
NHL
At Fanatics Sportsbook, fans can bet on live hockey games, including NHL games. While games are live, there will be player props and team props with odds updating based on what's happening. Given that the Boston Bruins enjoy significant support in VT, bettors can anticipate the availability of promotions and offer specially tailored to the Bruins' games on the Fanatics sportsbook platform.
Other Sports and E-Sports
College sports betting is legal in Vermont, but you won't be able to back local teams like the University of Vermont Catamounts. E-sports betting is growing in popularity in the US, but you won't be able to find these markets at Fanatics VT, as it wagering on this sport hasn't been legalized.
Fanatics Vermont most popular bet types
When VT betting launches in 2024, Fanatics Sportsbook will provide users with a huge selection of bet types. Below is a summary of the main markets you will likely see at Fanatics.
- Moneylines - The simplest bet that requires you to bet on who will win an event.
- Point spreads - With point spreads, Fanatics Sportsbook will give an advantage to the underdog of an event and a handicap to the favorite. Once applied, players must place their bet taking these into account.
- Totals - A bet on what an event or game's final score will be. Fanatics Sportsbook will give a final score prediction, and bettors will decide whether to bet above or below this.
- Parlays - These involve adding lots of different individual bets, or "legs", to one wager. Bettors will only win if each leg wins.
- Live Bets - These are wagers placed on events in real-time. Live betting is perfect if you're watching an event, as you can find updating odds based on what's happening during the events.
- Futures - This is a bet that can be made on a big event that is to occur in the distant future. For example, users can wager on a team to win the Super Bowl a year in advance.
- Prop Bet - Prop bets are specific wagers on a particular player's or team's performance. For example, bettors can wager on a team to score more than three touchdowns in a game.
Fanatics VT Sportsbook vs. Other Sportsbooks in Vermont
Given the limited number of sports betting licenses in VT, all sportsbooks will be of a high standard. While Fanatics Sportsbook will be one of the best choices according to our team, there are other great sportsbooks to consider as well.
FanDuel and BetRivers are two additional platforms we expect to see in 2024. The Fanatics Sportsbook welcome deal measures up reasonably well against both sportsbooks' welcome bonuses. FanDuel also offers a $1,000 No Sweat First Bet. BetRivers takes a slightly different approach, allowing users to claim a bonus bet of up to $550. All in all, the three bonuses are worthwhile for bettors.
In terms of loyalty programs, all three sportsbooks are pretty good, with individualized programs for returning customers. FanDuel, BetRivers, and Fanatics Sportsbook also have great mobile apps. Though Fanatics may lack the tried-and-tested advantage that the other two have benefitted from, its beta app still gives users a smooth sports betting experience.
Do you have to pay taxes on any winnings at Fanatics Vermont Sportsbook
Fanatics users need to be aware of any betting taxes they are obligated to pay. In VT, gambling winnings are taxable income and must be reported to the IRS. Users who win over $600 must complete a W-2G form. Additionally, Vermont taxes must be paid, ranging from 3.3% to 8.75%.
Responsible Betting at Fanatics Vermont
Fanatics Sportsbook has a range of resources that encourage users to play responsibly. It is regulated by a gaming division in each state it operates, which regulates Fanatics Sportsbook. In the case of VT, this specific gaming division will be the Department of Liquor and Lottery, which will require Fanatics to provide links to gambling help organizations. Players can also use specific gambling tools to control gambling, including deposit and betting limits and self-exclusion tools.
Fanatics Sportsbook Vermont: Final Verdict
Sports fans should be excited about the potential arrival of Fanatics Sportsbook in the Green Mountain State. Upon launch, it has the potential to become one of the best US sportsbooks. A generous welcome bonus will kickstart users' experience, and the Fanatics rewards program has the potential to shake up the sports betting industry with prizes of sports merchandise.
As Fanatics Sportsbook isn't live anywhere in the US, players will have to wait and see exactly what it offers. However, Fanatics can potentially become a heavyweight in US sports betting. When VT betting goes live, revisit this page and sign up with Fanatics Sportsbook from the links on this page.
Fanatics VT FAQ's
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What states is Fanatics Sportsbook legal in?
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At the time of writing, Fanatics is available in the following states: CO, CT, KY, MA, MD, OH, TN, VA, and WV. It has also acquired a license to operate in Vermont very soon and will be also available in other state across the U.S.
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Where is Fanatics Sportsbook available?
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Fanatics Sportsbook is now available in CO, CT, KY, MA, MD, OH, TN, VA, and WV. You can visit a retail version of the sportsbook at FedExField in Maryland, the home of the Washington Commanders. Fanatics Sportsbook will also start operating in Vermont once Sports Betting goes live in the state.
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Can you sports bet in Vermont?
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Very soon! You can now start pre-registering with DraftKings and Fanduel and then start betting on January 11. Fanatics were also granted a license and will operate in Vermont soon. Vermont is permitting up to 6 sportsbooks to operate in the state and no retails sportsbooks.
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Does Fanatics have a Sportsbook?
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Fanatics is a popular US sports merchandise company that is looking to expand into the sports betting world. The online sportsbook is already available in CO, CT, KY, MA, MD, OH, TN, VA, and WV and will soon be available in Vermont.
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