Vermont Sports Betting Revenue Insights August 2025

Revenue Insights

$14.00M

Vermont’s total handle reached $14.00M for the period.

Revenue Trends

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$1.43M

Operators generated $1.43M in gross gaming revenue.

Revenue Trends

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10.22%

Hold percentage landed just above 10%, in line with industry averages.

Revenue Trends

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$453.6K

The state collected $453,578 in sports betting taxes.

Revenue Trends

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Sports Betting in Vermont

Vermont legalized online sports betting in June 2023 and officially launched on January 11, 2024. The Vermont Department of Liquor and Lottery regulates the market, which initially licensed DraftKings, FanDuel, and Fanatics Sportsbook. Applications from BetMGM and Penn Sports Interactive were rejected to keep the launch tightly controlled.

The state’s goals are to:

Offer a safe, regulated betting environment.
Protect consumers from unlicensed operators.
Generate revenue to support public programs.

Early Market Performance

$100M+ Handle (First 6 Months) – Vermonters and visitors wagered over $100 million in the first half of the year.
$11M GGR – Operators earned $11 million in gross gaming revenue.
$3.5M State Revenue – Exceeding projections, most of this went to the general fund for public services.

Responsible Gambling Funding

Vermont directs part of its sports betting revenue toward problem gambling prevention:
In FY 2024, $250,000 from sports betting taxes was allocated to the state budget.
The Vermont Lottery matched with $250,000, funding the Department of Mental Health for a new help website and live chat support.

Tax Rates

Operators: 31.7% of adjusted gross revenue.

Annual Sports Betting Growth in Vermont

Data is pulled directly from the State of Vermont Department of Liquor and Lottery Annual Reports

Source:

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Monthly Sports Betting Growth in Vermont

Taxes

Data is pulled directly from the State of Vermont Department of Liquor and Lottery Monthly Reports

Source:

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Vermont Sports Betting Revenue Performance

Vermont has shown steady performance in its first year under the oversight of the Vermont Department of Liquor and Lottery.

Year	Handle	Revenue	Hold %	State Taxes
2024	198,754,297	27,347,988	13.96%	8,669,312
2025 Ytd	See monthly breakdown below	—	—	—

2025 Year-to-Date

Month	Handle	GGR	Hold %	Tax Revenue
Jan 2025	23,870,533	2,524,674	10.58%	806,070
Feb 2025	21,534,379	2,181,095	10.13%	693,284
Mar 2025	22,945,016	1,288,211	5.61%	405,942
Apr 2025	16,238,019	1,512,321	9.31%	482,245
May 2025	16,261,329	1,777,539	10.93%	564,762
Jun 2025	14,004,898	1,430,845	10.22%	453,578

Highlights

January 2025 recorded the highest monthly handle at $23.87M and the strongest tax revenue of the year to date.
March 2025 had the lowest hold (5.61%), favoring bettors and lowering GGR.
April 2025 posted the lowest handle so far at $16.24M, but still managed a 9.31% hold.
May–June 2025 maintained solid double-digit hold percentages above 10%, supporting steady tax contributions despite lower betting volume.

Latest Vermont Sports Betting Industry Updates

April 15, 2025: Vermont sportsbooks opposed caps on promotions, but regulators enforced them regardless, signaling a firm regulatory stance. [The Guardian]
January 16, 2025: State officials downgrade revenue projections as Vermont sports bettors win an unexpectedly high percentage of their wagers. [VT Digger, 2025]
February 20, 2024: Vermont betting handle for first Super Bowl in legal betting era exceeds $2 million. [Vermont Public, 2024]
January 11, 2024: Vermont's legal sporting betting market goes live. [Vermont Department of Liquor and Lottery, 2024]
December 13, 2023: Vermont decides on the three sportsbooks it will launch its legal betting market with (FanDuel, DraftKings, and Fanatics). [Vermont Public, 2023]

Vermont Snapshot

Key Aspect	Details
Population	647,818 residents as of 2024. (World Population Review, 2025)
Political Affiliation	Vermont is firmly a Democratic state and voted Democrat in the recent presidential election. (270towin.com, 2025)
Year Sports Betting Legalized	Online sports betting went live in January 2024. [Vermont Department of Liquor and Lottery, 2024]
Number of Sportsbooks Operating	There are three online sportsbooks available in Vermont: DraftKings, FanDuel, and Fanatics Sportsbook. In-person sports betting is not available.
GGR 2025 (Jan-Jun)	$10,714,685
Handle 2025 (Jan-Jun)	$114,854,174
Professional Sports Teams	Vermont doesn't have any major professional teams. Most residents consistently root for Boston-area teams like the New England Patriots (NFL).

FAQs

General Questions

When did Vermont legalize online sports betting?

Vermont legalized online sports betting in June 2023 and launched it on January 11, 2024.

Which sportsbooks operate in Vermont?

Vermont has three licensed sportsbooks: DraftKings, FanDuel, and Fanatics Sportsbook.

What tax rates apply to sports betting in Vermont?

Operators pay a 31.7% tax on adjusted gross revenue, while individual bettors face a 6% state tax (7.25% for non-residents).

How have out-of-state bettors impacted Vermont’s sports betting market?

Visitors accounted for 53% of new accounts in the first month and placed higher average bets than locals.

Sol Fayerman-Hansen

Editor-in-Chief

Sol Fayerman-Hansen is Editor-in-Chief at RG.org with 20+ years of experience in sports journalism, gambling regulation, and tech. His work has appeared in Forbes, ESPN, and NFL.com, covering U.S. and Canadian gambling laws, major sports events, and wagering trends. Since 2023, Sol has led RG.org’s global editorial efforts, focusing on transparency, data accuracy, and regulatory insight. He works closely with researchers and legal experts to uphold E-E-A-T and Trust Project standards.📍 Israel/Canada 🌐 English, Hebrew 🎯 Gambling law, responsible gaming, tech in betting

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