Vermont Sportsbooks

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Vermont Sports Betting: A Comprehensive Guide

The Green Mountain State has joined the growing list of U.S. states embracing legal sports betting. This comprehensive guide will walk you through the landscape of sports betting in Vermont, from its recent legalization to the various options available for bettors.

Legal Vermont Sports Betting

Vermont's journey to legal sports betting has been relatively recent, with the state taking a cautious approach before finally embracing this form of entertainment. The legalization marks a significant shift in Vermont's gambling landscape, opening up new opportunities for sports enthusiasts and potentially generating additional revenue for the state.

Vermont became the 34th state to legalize sports betting when Governor Phil Scott signed bill H.127 into law on June 14, 2023.

What is Legal Sports Betting in Vermont?

Legal sports betting in Vermont refers to the state-regulated wagering on sporting events through approved platforms. Unlike some other states, Vermont has opted for a mobile-only model, meaning all legal sports bets must be placed online or through mobile apps. There are no retail sportsbooks or in-person betting locations in the state.

Vermont Sports Betting Legislation Timeline

The path to legal sports betting in Vermont involved several key steps:

  • May 2018: The U.S. Supreme Court overturns PASPA, allowing states to legalize sports betting.
  • 2019-2022: Various bills are introduced in the Vermont legislature but fail to gain traction.
  • January 2023: Bill H.127 is introduced in the Vermont House of Representatives.
  • May 2023: The Vermont Senate passes H.127.
  • June 14, 2023: Governor Phil Scott signs H.127 into law, legalizing mobile sports betting in Vermont.
  • January 11, 2024: Mobile sports betting officially launches in Vermont.
Vermont's sports betting market launched with three operators: DraftKings, FanDuel, and Fanatics Sportsbook.

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Best Vermont Sportsbooks

While Vermont's sports betting market is still in its early stages, it has launched with three reputable operators:

  1. DraftKings Sportsbook
  2. FanDuel Sportsbook
  3. Fanatics Sportsbook

These operators were selected through a competitive bidding process conducted by the Vermont Department of Liquor and Lottery. Each brings a unique set of features, promotions, and betting options to Vermont bettors.

Online Sports Betting in Vermont

Vermont has taken a mobile-only approach to sports betting, meaning all legal wagers must be placed online or through mobile apps. This decision was made to maximize accessibility while minimizing the overhead costs associated with physical betting locations.

How Can I Sign Up For An Online Sportsbook in Vermont?

Signing up for an online sportsbook in Vermont is a straightforward process:

  1. Choose one of the approved sportsbooks (DraftKings, FanDuel, or Fanatics).
  2. Visit their website or download their mobile app.
  3. Click on the "Sign Up" or "Register" button.
  4. Provide required personal information, including name, address, date of birth, and last four digits of your Social Security number.
  5. Create a username and password.
  6. Agree to the terms and conditions.
  7. Verify your identity by uploading a copy of your government-issued ID if required.
  8. Make your first deposit and start betting.

Remember, you must be at least 21 years old and physically located within Vermont state borders to place bets legally.

What Sports Can I Bet on in Vermont?

Vermont sportsbooks offer a wide array of betting options, catering to fans of both major leagues and niche sports. Here's an overview of some popular betting markets:

NFL

The National Football League is consistently the most popular sport for betting in the United States. Vermont bettors can wager on all NFL games, from preseason to the Super Bowl, with a variety of bet types available.

NBA

Basketball fans can enjoy betting on NBA games throughout the season. The fast-paced nature of the sport makes it particularly suitable for live betting.

MLB

Baseball offers unique betting opportunities with its long season and numerous games. Moneyline bets and player props are particularly popular in MLB wagering.

NHL

Hockey betting is growing in popularity, especially in northern states like Vermont. Puck line bets (similar to point spreads) and totals are common NHL wagers.

College Sports

Betting on college sports is allowed in Vermont, including on in-state teams. However, there may be restrictions on certain types of prop bets involving individual college athletes.

NASCAR

Auto racing fans can bet on race winners, top finishers, and head-to-head driver matchups.

Callout: Vermont sportsbooks offer betting markets on a wide range of additional sports, including soccer, tennis, golf, MMA, boxing, and more.

Vermont's Sports Teams to Bet On

While Vermont doesn't have any major professional sports teams, residents can bet on nearby teams from neighboring states:

  • New England Patriots (NFL)
  • Boston Celtics (NBA)
  • Boston Red Sox (MLB)
  • Boston Bruins (NHL)

Vermont College Sports Teams

Vermont has several college sports teams that attract betting interest:

  • University of Vermont Catamounts
  • Norwich University Cadets
  • Middlebury College Panthers
  • Saint Michael's College Purple Knights

Types of Wagers Available

Vermont sportsbooks offer a variety of bet types to cater to different preferences and strategies:

Moneyline

A straightforward bet on which team or player will win a game or match.

Parlays

Combining multiple bets into one wager for potentially higher payouts, but with increased risk.

Totals

Also known as over/under bets, these wagers are placed on whether the combined score of a game will be over or under a specified number.

Point Spreads

Betting on the margin of victory in a game, with the favorite "giving" points and the underdog "getting" points.

Futures

Long-term bets on outcomes that will be decided in the future, such as championship winners or season MVP awards.

Prop Bets

Wagers on specific events within a game that may not directly affect the final outcome, such as player performance statistics.

Live Bets

In-play wagering allows bettors to place bets while a game is in progress, with odds updating in real-time.

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Always understand the odds and potential payouts before placing a bet. Vermont sportsbooks offer educational resources to help new bettors understand different wager types.

Prohibited Bets

While Vermont offers a wide range of betting options, there are some restrictions:

  • No betting on high school sports
  • Potential restrictions on certain college athlete prop bets
  • No betting on events with predetermined outcomes (e.g., scripted TV shows)

Choosing the Right Vermont Betting Site

Selecting the right sportsbook is crucial for an enjoyable and safe betting experience. Here are some factors to consider:

What Should I Look For When Deciding Which Vermont Online Sports Betting Site is Right for me?

  1. User Interface: Look for a clean, intuitive design that's easy to navigate.
  2. Betting Markets: Check if the sportsbook offers the sports and bet types you're interested in.
  3. Competitive Odds: Compare odds across the available operators to ensure you're getting good value.
  4. Bonuses and Promotions: Consider sign-up bonuses, ongoing promotions, and loyalty programs.
  5. Banking Options: Verify that the sportsbook offers convenient deposit and withdrawal methods.
  6. Customer Support: Look for responsive customer service through multiple channels.
  7. Mobile App: Test the mobile app for functionality and ease of use, as all Vermont betting is mobile-only.

Why Should I Have At Least 3 Vermont Sportsbook Accounts?

Having accounts with all three Vermont sportsbooks offers several advantages:

  1. Line Shopping: Compare odds across different books to find the best value.
  2. Bonus Maximization: Take advantage of various welcome bonuses and promotions.
  3. Diverse Betting Markets: Access a wider range of betting options and niche markets.
  4. Reduced Limitations: If one sportsbook limits your account, you have alternatives.
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While having multiple accounts can be beneficial, always practice responsible gambling and set appropriate limits for yourself.

What Deposit And Withdraw Options Are Available?

Vermont sportsbooks typically offer a variety of banking methods, including:

  • Credit/Debit Cards
  • E-wallets (PayPal, Skrill)
  • Online Bank Transfer
  • ACH/eCheck
  • Prepaid Cards
  • Wire Transfer

Sports Betting in Vermont: The Big Picture

The introduction of sports betting in Vermont is expected to have a positive impact on the state's economy. While it's too early to assess the full economic implications, early projections suggest significant potential for tax revenue generation.

Vermont Sports Betting Tax Rate

Vermont has set a competitive tax rate for sports betting revenue:

  • 20% tax on adjusted gross sports betting receipts

This rate strikes a balance between generating revenue for the state and allowing operators to remain competitive.

Importance of Responsible Gaming in Vermont

Vermont places a strong emphasis on responsible gaming, with various measures in place to promote safe betting practices:

  • Self-exclusion programs
  • Deposit and betting limits
  • Cooling-off periods
  • Problem gambling helplines
  • Educational resources on responsible gaming
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If you or someone you know may have a gambling problem, call 1-800-GAMBLER for confidential support and resources.

Vermont Sports Betting FAQ

Legal Age

What is the legal age for sports betting in Vermont?

You must be 21 years or older to legally bet on sports in Vermont.

Residency Rules

Do I need to be a Vermont resident to bet online?

No, but you must be physically located within state borders when placing bets.

Offshore Sportsbooks

Are offshore sportsbooks legal in Vermont?

No, only the state-approved sportsbooks (DraftKings, FanDuel, and Fanatics) are legal in Vermont.

NCAA Betting

Can I bet on Vermont college teams?

Yes, betting on Vermont college teams is allowed, but there may be restrictions on certain types of bets, particularly player props.

Taxation

How are sports betting winnings taxed in Vermont?

Winnings are subject to federal and state income tax. Sportsbooks will provide a W-2G form for significant winnings.

Summary of Vermont Sports Betting Options

Vermont offers a streamlined, mobile-only sports betting market with options to suit various preferences:

  • Three licensed online sportsbooks: DraftKings, FanDuel, and Fanatics
  • Wide range of sports and betting markets
  • Various types of wagers, including live betting
  • Strong consumer protections and responsible gaming measures
  • Competitive tax rate to balance revenue generation and market growth

As the market develops, Vermont is committed to providing a safe, fair, and enjoyable sports betting experience for its residents and visitors. The mobile-only approach ensures accessibility while maintaining regulatory oversight. 

With its recent launch, Vermont's sports betting landscape is poised for growth and evolution in the coming years.