Vermont Sports Betting Handle: How High Can It Reach?
Lou Monaco - Jan 25, 2024
Vermont sports betting is now live, and you can bet online with Vermont sportsbooks today. BetVermont.com has you covered with the latest news, updates, & exclusive early sign-up promos.
Vermont became the 38th state—and the last in New England—to license online sportsbooks in June of 2023. There will be no in-person wagering, only Vermont sports betting apps & websites.
✅ Is Sports Betting Legal in VT? | Yes |
📅 When Will Sportsbooks Launch? | Jan. 11, 2024 |
📝 Max. Number of Licenses | 6 |
👍 Confirmed VT Sportsbooks | 3 (DraftKings, Fanatics, FanDuel) |
🚨 Latest News | Sports Betting Launches Online |
⚖️ Sports Betting Bill | HB 127 |
✍️ Last Verified: | March 20, 2025 |
There are expected to be between three and six legal Vermont sports betting sites; the number is dictated by the Department of Liquor and Lottery, which is in charge of setting up the relevant partnerships.
Yes, sports betting is legal in Vermont. Sports betting in Vermont went live on Jan. 11, 2024. The passage of bill HB 127 by both the Senate and House in the spring of 2023 cleared the way for the launch of online sports betting.
Sports betting has been legal in Vermont since June 14, 2023, when Vermont Governor Phil Scott signed the bill into law. Sports betting sites launched online in Vermont on Jan. 11, 2024.
The legal age to bet in Vermont is 21. Under the terms of the sports betting bill that has been approved by the state, you will have to be at least 21 years old to use Vermont sports betting sites and apps. This is consistent with the minimum age applied in neighboring states, such as Rhode Island and New Hampshire.
You can still play daily fantasy sports and wager on the state lottery and horse racing from the age of 18.
Yes, you can sports bet in Vermont as of Jan. 11, 2024.
The only places where you can enjoy sports betting in Vermont will be online sportsbooks. As of right now, those three sportsbook apps will be DraftKings, Fanatics and FanDuel.
There are no commercial casinos in Vermont or other locations that would support VT sports betting.
Yes, online sports betting in Vermont is legal. Vermont will be one of only three states that authorizes betting only via websites and apps.
No. You will not need to be a Vermont resident to visit Vermont sports betting sites. However, you will need to be located within state lines to place a bet. Online betting sites in Vermont will use geolocation technology to ensure you are on licensed territory when placing a bet.
DraftKings Sportsbook, Fanatics Sportsbook and FanDuel Sportsbook are all licensed in Vermont. These were the first three sportsbooks to be approved to come to the Green Mountain State.
Yes, FanDuel Sportsbook is in Vermont. It was one of three sportsbooks awarded a license in the state for the official launch.
Vermont sportsbooks launched online on Jan. 11, 2024.
As of right now, there are three sportsbooks in Vermont. Lawmakers previously indicated the most likely outcome would be for three sportsbooks to go live in Vermont.
HB 127 allows for between two and six licenses, so we could see up to three more sportsbooks come to Vermont.
None of the Vermont sportsbooks have partnered with any sports teams in the state, yet. Since there are no Big Four pro teams in Vermont, we might not see too many deals, if any.
I am interested to see if any minor league teams or college programs like the Vermont Catamounts take on sports betting partners. Given the restrictions on wagering on in-state NCAA teams, this does not appear likely to happen.
The bill passed by the Vermont legislature anticipates up to six Vermont sports betting sites in total, with half that number going live when the market launches. Here are the three confirmed Vermont sportsbooks:
🔥 DraftKings | Most Popular Sportsbook |
❤️ FanDuel | Bettors' Favorite Sportsbook |
⭐️ Fanatics | Best New Sportsbook |
✅ Data Last Verified: | March 20, 2025 |
An extremely well-known name in sports betting, DraftKings Vermont gained a head start in this field thanks to its prominence as a provider of Daily Fantasy Sports games, which were legalized in Vermont in 2017. Its high profile, backed up by the quality of its service, will give it aan advantage among Vermont sports betting sites.
⚡️ Payout Speed | 1-5 days |
📲 Key Features |
|
⭐️ App Store Ratings | 9.4/10 Stars |
All leading Vermont sportsbooks will deliver sports betting apps, but one name is far and away at the top of the league table for downloads. FanDuel Vermont sportsbook records nearly 100,000 mobile app downloads per month. This brand prides itself on the quality of its mobile offering. Since Vermont is a mobile-only betting state, I expect FanDuel to have an advantage with bettors here.
⚡️ Payout Speed | 1-2 days |
📲 Key Features |
|
⭐️ App Store Ratings | 9.5/10 Stars |
An up-and-coming operator, Fanatics Sportsbook Vermont will be an exciting new offering in the state. It has been slowly making its way into 9 different states and taking over PointsBet's licenses in others. Fanatics is already a well-connected brand, thanks to its giant sports merchandise business, so bettors will love the FanCash integrations that can be redeemed for bonus bets or shop discounts.
⚡️ Payout Speed | 1-3 days |
📲 Key Features |
|
⭐️ App Store Ratings | 8.4/10 Stars |
The state has set aside a maximum of 6 licenses for sportsbooks, and there are up to three more sports left. Competition between leading brands for the attention and loyalty of bettors will be intense. Let's take a look at the three most likely candidates to launch in Vermont:
BetMGM Vermont applied for a Vermont sports betting license but it's proposal did not meet revenue-sharing expectations, according to Dept. of Liquor and Lottery commissioner Wendy Knight. If BetMGM eventually does launch in Vermont, it would deliver a superlative all-round betting experience, thanks to its broad range of sports markets, frequent promos, and outstanding desktop and mobile user interface.
ESPN BET Vermont's sports betting application was not accepted due to problems with their documentation. It would no doubt take Vermont bettors by storm, as it has in every other state it's gone live in this fall. This exciting new venture between ESPN and PENN Entertainment has proven popular with bettors across the U.S., with custom promos and parlays created by ESPN hosts and integrations with other ESPN content.
Though it didn't apply for a Vermont sports betting license, Caesars Sportsbook Vermont would offer an excellent live betting service. Check out the extensive range of events on which you can get involved after they are under way. The quality of the live streaming to complement the in-play wagering service is also extremely high.
Sports betting in Vermont will be a much smaller industry than in many neighboring states. Vermont has the second-lowest population in the U.S., after Wyoming, and the sixth-smallest land area, and will only allow a maximum of six VT sports betting sites. Vermont is surrounded by jurisdictions with legal sports betting, including New England and Canada.
There are no Big Four professional sports teams in the state, though sports fans have plenty of squads nearby. Unlike other neighboring states, Vermont will not allow betting on in-state college teams during the regular season, only in major tournaments.
HB 127 represented the culmination of repeated efforts to introduce legal Vermont sports betting in recent years. The bill was introduced by Rep. Matthew Birong and several co-sponsors from both parties in January 2023, and was passed by the House in March.
After three readings in the Senate, and several amendments, the bill was cleared in early May 2023. The House approved those amendments, and then the bill made its way to Gov. Phil Scott, who signed the bill.
The state’s Department of Liquor and Lottery regulates Vermont sports betting & gaming. Wendy Knight, the department's director, says creating a regulatory environment for online sports betting will help limit illegal betting activities and give bettors more protections in Vermont.
Right now, three Vermont sports betting licenses have been granted out of five applications. DraftKings, Fanatics and FanDuel were all given licenses, while BetMGM and ESPN BET were not. BetMGM's application was not totally rejected, per Wendy Knight, but its revenue-sharing proposal didn't meet state standards. Meanwhile, ESPN BET's sports betting license wasn't accepted as it didn't have all required documentation.
The Department of Liquor and Lottery has set the total number of licenses allowed at 6. I am fascinated to see who obtains the other 1-3 licenses, and whether the full compliment of six is taken up eventually.
All VT sports betting sites will have to pay an annual license fee of between $320,000 and $550,000, depending in part on the number of operators, and the state will receive money on a revenue-sharing basis, with a minimum rate of 20 percent. Wendy Knight revealed DraftKings and Fanatics will share 31% of Vermont sports betting revenue with the state, while FanDuel will share 33%.
Based on the state's revenue-sharing guidelines, the state’s Joint Fiscal Office has predicted a return of about $2 million in tax revenue in 2024, with that figure rising to $10 million a year as the industry matures.
Gov. Phil Scott cited lost revenue as a major reason for legalizing Vermont sports betting: "Many visitors come to Vermont and want to place bets, but couldn’t, leading to lost revenue for our state."
To find out how much you might owe on a winning bet, I recommend using our Vermont gambling tax calculator.
All the online sportsbooks offering sports betting in VT will appear attractive and alluring – how can you find your favorite one? There are several ways to narrow down your selection. By using the following factors, I think you can be confident in finding the right sportsbook for you.
When it launches online sports betting, Vermont will have at three sportsbooks, maybe as many as six, and I recommend opening an account with every one of them.
There are good reasons in favor of registering with several VT sports betting sites. You can maximize the promotions offered across all three and prepare for potential retail sports betting in Vermont.
Vermont sports betting sites should offer a steady supply of eye-catching promotions for you to enjoy. This should start with a great welcome bonus that makes your initial dealings with a sportsbook highly enjoyable. That may be in the form of bonus bets, deposit matches, or the chance to play your first stake again.
Look out for regular offers such as odds boosts and enhanced payouts on parlays. Be sure to check BetVermont for some of the best Vermont sportsbook promos and codes.
In most other states with legal sports betting, bettors have the choice between placing bets online and visiting an in-person sportsbook at a casino, racetrack or other licensed premises.
However, Vermont sports betting will be strictly online only. As a result, sports fans here will wager exclusively through Vermont sports betting apps. There are several advantages to this method of legal sports betting, the main one being convenience; you will not have to travel to a casino to make a sports bet.
You will be able to enjoy VT sports betting on your desktop at home or at work. If you prefer mobile sports betting, you can place sports bets wherever you are; travelling, out with friends or even at a game.
Online-only access to VT sportsbooks should not represent a barrier to a healthy Vermont sports betting industry. This is an enjoyable, convenient and entertaining way to place your wagers.
What types of bets will you be able to place at Vermont online sports betting sites and apps? These are the most common varieties:
🗒️ MORE: How to Bet on Sports in Vermont
The absence of any big-four teams in the state will not prevent fans enjoying wagering on major events with Vermont sportsbooks.
Until the launch of online betting, Vermont gambling enthusiasts have extremely limited options when it comes to placing a wager. Only the following are currently available.
There are several bingo halls located across the Green Mountain State. You can visit them and play games from the age of 18 upwards. All games must be operated by non-profit organizations.
Vermont legalized Daily Fantasy Sports play in 2017 to clear up any confusion over the legality of the activity. As a result, you can enjoy games at leading operators such as FanDuel and DraftKings from the age of 18 upwards.
There are no racetracks in Vermont, but you can wager on horse races in other locations. Betting sites such as TwinSpires and FanDuel TV are available.
The Vermont Lottery has been in operation since 1977. It offers a standard range of games, including smaller in-state opportunities and multi-state big-money games such as Powerball and Mega Millions.
For the overwhelming majority of people who try VT online sports betting, this will be a harmless leisure activity. To an estimated 2-6% minority, however, it might lead to problem gambling, which can in turn cause mental health issues and financial problems.
The state of Vermont and its licensed sportsbooks are taking responsible gambling initiatives very seriously. For the first time, the state is specifically allocating funding for responsible gambling. The state's Department of Mental Health is receiving $250,000 in funding to support responsible gambling and is planning to hire a dedicated responsible gaming coordinator for its office.
The department is also planning to build more regional resources to compliment the state government’s ProblemGambling.Vermont.gov website.
Vermont's Problem Gambling Resource Center already features a strong menu of tools, including:
Vermont sportsbooks will have prominent Responsible Gambling links on their sites, which include common interventions such as self exclusion lists, time/deposit/wagering limits, hotline contacts, and educational materials.
Author
Award-winning contributor with decades of covering sports betting and casino gaming around the world, Martin Booth is one of the most trusted voices in online gambling. From Vermont legislative updates to reviews of the best VT sports betting apps, Booth covers the full range of topics for BetVermont.com.