By Ziv Chen | Fact Checked By: Chris Spiteri | Last Updated: July 4, 2023
Vermont sports betting is legal, but the market isn't due to launch until January 2024. Governor Phil Scott signed HB 127 on June 14, 2023, to end the long wait for legal sports betting in the Green Mountain State.
The terms of HB 127 mean that between two and six online sportsbook licenses will be available. Sports betting is only legal online, with retail sportsbooks remaining illegal. Sportsbooks will pay tax on sports betting revenue at 20%, and sports bettors will need to be 21 years or older to place a wager.
In the period up until sports betting goes live in Vermont, all eyes will be on the Vermont Department of Liquor and Lottery (DLL). The DLL oversees all sports betting in Vermont, including ensuring that the correct framework is in place before sports betting launches. Applications for sports betting licenses will be taken from Fall 2023, and we expect the biggest US sportsbooks to apply for a Vermont sports betting license. Vermont lawmakers will then review the applications received and issue licenses to successful applicants.
BetMGM is owned by MGM Resorts International, the company behind the incredibly successful MGM Grand Casino in Las Vegas. Entain, a global gambling giant behind brands like Ladbrokes and bwin, also operates the betting site.
BetMGM Sportsbook operates in over 20 states and offers customers one of the best mobile betting experiences. BetMGM also provides a generous insured bet welcome bonus. Place a first bet of up to $1,000, and if your bet loses, you'll receive the value of the first bet back in bonus bets. BetMGM provides users with a wide range of sports markets to wager on and excels in MLB live streaming options.
Representing the Caesars Entertainment name, Caesars Sportsbook operates in 20 states, making it one of the biggest sportsbooks in the US. Caesars offers users daily promotions, frequent odds boosts, and world-class betting apps that make wagering on the go easy. We particularly like the live-streaming options, including exclusive coverage of NFL Sunday games.
DraftKings started life as a Daily Fantasy Sports (DFS) company and has grown to become one of the biggest sportsbooks in the US over the past decade. DraftKings Sportsbook now operates in over 20 states, has one of the highest-rated sportsbook apps available, and also offers a wide range of promotions with something for everyone.
Starting as a DFS operator, FanDuel is now one of the biggest sportsbooks in the US, available in 20 states. FanDuel Sportsbook offers a $1,000 No Sweat First Bet offer, where you get the value of your first bet up to $1,000 as bonus funds if your first bet loses.
BetRivers Sportsbook is owned by Rush Street Interactive, which operates casinos across the US, and has snowballed into a nationwide sports betting operation. BetRivers is available in 15 states and has won customers over with its generous welcome bonus, a wide range of niche sports, and competitive odds.
Of course, while the sportsbooks we've mentioned are very likely to launch in Vermont, other betting sites may also apply for a license. Barstool is widely available across the US and operates casinos in states surrounding Vermont. Meanwhile, Fanatics Sportsbook has plans to launch in dozens of US states and may see Vermont as a great jurisdiction to help achieve this goal. Other popular operators include bet365, FOX Bet, and Hard Rock.
Our experience from reviewing legal sports betting sites in other states tells us that all Vermont sportsbooks will offer promotions and bonuses. These bonuses will come in different shapes and sizes, and we'll outline all of the best VT bonuses once details become clearer closer to the market launch date.
Bonuses are often unlocked by using a promo code. These promo codes are exclusive offers, and we will list all of the best promo code offers on this page, so make sure you bookmark this guide before sports betting in Vermont becomes available.
Sports betting sites offer many different bonuses and promotions to attract new customers. This will be no different in Vermont when sportsbooks launch in January 2024. We expect to see the following bonuses when Vermont online sportsbooks become available.
Welcome bonuses are typically the most significant bonuses available to enjoy. Welcome bonus offers are for new sportsbook customers and usually include bonus bets or insured bets. Welcome bonuses can only be claimed once from each Vermont sports betting site.
Bonus bets allow you to wager on sports without risking your own funds. Note that if your bonus bet wins, you will only receive the value of the winnings back and not the value of the bonus bet placed. As such, a good strategy is to use your bonus bets for wagers with longer odds.
A deposit match offer gives bonus funds on top of your deposit made. For example, a 25% deposit match offer on a $500 deposit would give you an additional $125 of bonus money. Check the playthrough requirements attached to any deposit bonus offers to see how easy or difficult it is to unlock the bonus amount.
When sports betting in Vermont launches, users can expect to see specific promotions available for the biggest sporting events. We expect VT sports betting to be available in January 2024, meaning massive promotions will be available for Super Bowl LVIII. Fans can also expect big promotions and bonus bets for March Madness, the NBA Championship, and the World Series, among other events.
There are no professional sports teams in Vermont, but residents firmly get behind teams in the local New England area. The Boston sports scene provides all of the most popular sports teams in VT. Expect to see bonus bets available in Vermont for the New England Patriots, the Boston Celtics, the Boston Red Sox, and the Boston Bruins.
As with all sports betting bonuses in the US, Vermont promos will have terms and conditions you will need to consider before you claim. Here are some T&Cs our experts expect you to see at Vermont online sportsbooks.
You must be 21 or older to bet on sports in Vermont. When HB 127 legalized sports betting, it also increased the age limit to play Daily Fantasy Sports from 18 to 21 to align with sports betting rules.
Vermont sports betting apps will only allow you to place wagers if you are physically located within Vermont state lines. All sportsbook apps will use geolocation technology to ensure that you are located within the Green Mountain State. Any attempts to place a bet from outside state lines will be rejected.
Welcome bonus offers will only be available once for each sportsbook. You can open a sports betting account with multiple different sportsbooks, but you can only have one account with each. As such, you can only claim one welcome bonus per sportsbook.
Welcome bonus offers are limited to one per user. Other bonus types, such as deposit bonuses and bonus bets, can be claimed multiple times, but this varies on a sportsbook-by-sports basis.
Some deposit offers have wagering requirements that must be met before the bonus funds are unlocked. For example, a 20% deposit match offer will award you $200 if you deposit $1,000. If that deposit offer has a 10x wagering requirement, you will need to place $2,000 of bets until the bonus funds are converted to withdrawable cash.
Some promotions which offer bonus bets require a qualifying first bet to be made. A qualifying bet must meet specific criteria to qualify. This criteria varies depending on the sportsbook, but common examples include odds greater than -150, and the bet must settle within seven days of being placed.
You will need to verify your gambling account in order to withdraw funds. Verifying your account is simple; most good sportsbooks allow you to do this through the sportsbook app. Your account will be verified once you provide proof of ID, address, and deposit method.
Some bonus and promo code offers have an expiry date, so make sure you read the small print to avoid losing out. Pay particular attention to bonus bets that you receive. Depending on the sportsbook used, bonus bets often expire between seven and 30 days after being credited to your account.
Most welcome bonus offers require a minimum deposit to be made and a first met that meets minimum odds requirements. Bonuses in Vermont will likely require a first deposit of at least $10. The minimum odds needed for any first bet will vary, but odds higher than -150 are common.
You will be able to deposit to Vermont sportsbooks with several different methods, including debit cards, e-wallets, prepaid cards, and online transfers. However, for some sportsbook promos, you won't be able to use specific deposit methods. The most common payment option restriction is on e-wallets.
Tax will be payable on sports betting winnings in Vermont. If your winnings exceed $600, it is essential to declare them to the IRS, necessitating the completion of a W-2G form.. Gambling losses can be deducted from gambling winnings, so keep good records of every wager you place.
Sportsbook promotions are used heavily in states where sports betting is legal. Online sports betting is a highly competitive industry, so sportsbook promos and bonuses are a way for betting sites to attract new customers. Promotions allow new customers to profit and extend their bankroll with prizes like bonus bets and deposit match offers. Welcome bonuses are typically the most generous bonuses, so watch out for these when legal Vermont sports betting launches.
Vermont sports bettors must wait until January 2024 to place a wager from within VT state lines. However, residents of the Green Mountain State can still bet on sports. Vermont shares a border with New York, New Hampshire, and Massachusetts, all offering legal sports betting. You can place a bet by simply crossing state lines into NY, MA, or NH. You don't need to reside in one of these states to bet there.
You don't even need to travel to a major city or town. Using licensed betting apps, you can play as soon as you cross the border into a legal betting state as long as you have a connection.
Offshore betting sites will provide bonuses for new and existing players. However, we strongly advise you not to sign up with these sites. Offshore operators are not licensed by recognized US regulators and are illegal to access in the US. There are no guarantees your personal or financial information will be safe at these sites. Currently, Vermont residents need to travel to a neighboring state to bet on sports. However, this will likely change in January 2024 when the first Vermont sportsbooks go live.
Offshore sportsbooks often offer bonuses that appear too good to be true, but when you dig into the small print, you realize that the bonus is less attractive than first presented. Offshore bonus sites often have bonuses with huge playthrough requirements, meaning there is a tiny chance of you walking away with a profit. Additionally, as US authorities do not regulate these sites, there is a danger that offshore betting sites may not pay out the bonus when it is earned.
Yes, you can bet with online sportsbooks in states where sports betting is legal. You don't need to be a resident of that state to start betting. All you need to do is be physically located within state lines of a legal betting state. This is confirmed by sophisticated geolocation technology used by online sportsbooks.
Online sportsbook promotions are special offers used to attract new customers and keep existing ones playing. You can claim bonuses in a variety of ways, including opting in for an offer, making a minimum first deposit, and entering a promo code. Once you have completed the bonus offer requirements, you'll get a reward like a deposit match offer or bonus bets.
Bonus codes are a marketing tactic used by online bookies to create hype over a deal. The cipher, typically a combo of a word and number, is used to activate a bonus and has an aura of exclusivity. In some cases, affiliate partners use bonus codes themselves to attract new players.
Sportsbook apps change promo code details regularly to keep things exciting for players. The best sportsbooks update promo code offers every one to three months. We will list all of the best promo code offers in Vermont right here, so come back regularly to see which welcome bonus offer is right for you.
You can have a sports betting account with many different sportsbooks. This is a good idea as it allows you to take advantage of several welcome bonuses. You can only have one account with each sportsbook and can only claim a welcome bonus once from each sportsbook.
This varies on the sportsbook and the type of bonus. Some sportsbooks apply your bonus amount to your account instantly, while others can take up to 48 hours to process.
Sportsbooks issue promo code offers to encourage players to sign up and keep playing. Also, entering a promo code is a fast and simple way to claim sportsbook promos, which makes it appealing to new bettors learning the ropes. There will be up to six online sportsbooks offering sports betting in Vermont. Competition for sports bettors is tough, and a good promo code offer helps a sportsbook to stand out from the competition.
Since the Professional and Amateur Sports Protection Act of 1992 (PASPA) was overturned by the US Supreme Court in May 2018, the landscape of sports betting in the US has changed significantly. Each state has different laws, some only allowing certain types of bets and others prohibiting betting on particular sports. Be sure to follow any local regulations while you play.
Vermont sportsbook promos are not available yet, because while sports betting in Vermont is legal, it has yet to launch. Once Vermont sportsbooks go live, many welcome bonus offers will be offered. You'll find all the best sports betting bonuses right here on this page.
It is expected that sports betting in Vermont will launch in January 2024. Details of Vermont sportsbook promos will be announced before the launch date, so expect to see great Vermont sports betting bonuses from December 2023.
Betting offers in Vermont will include first deposit bonuses, bonus bets, and bonus money offers. You must fulfill terms and conditions like making minimum deposits or minimum bets to claim your promotions.
Governor Phil Scott signed HB 127 on June 14, 2023, with a view to legal Vermont sports betting being available from January 2024 onwards. As such, Vermont residents should be able to claim sportsbook promos to use on the Super Bowl LVIII in 2024 from within the Green Mountain State.
Join today to stay up to date on your states gambling news and offers.
Generous MGM Rewards program
Lack of existing player promos
Select Location