Online Sports Betting in Vermont

Online sports betting is now legal in the state of Vermont and here is your handy guide to all the key points…

  • The regulated online sports betting market opened at midnight on January 11th.
  • It’s expected to generate $7 million in new revenue in year one, rising to over $15 million as the market matures.
  • Online sports betting services will be provided in the first instance by FanDuel, DraftKings Inc. and Fanatics.
  • The legislation was signed into law (House Bill 127) by Governor Phil Scott in June 2023.
  • Vermont is now one of nearly 40 states with legal online sports betting.
  • It’s the first market to open in North America in 2024, with North Carolina expected to launch in the next few months.
  • Licensed operators will pay tax at rate of 20% of adjusted GGR.
  • To place a bet, you must be at least 21 years old and inside state lines.
  • It’s legal to bet on professional leagues (NBA, NHL, MLB, NFL etc.) and collegiate sports, but betting on college games is only permitted if they are part of a tournament.
  • It remains illegal to bet on sports in-person, as the state lacks the physical infrastructure to manage sports betting shops.
  • Online sports betting in the state is overseen by the Vermont Department of Liquor and Lottery.
  • Vermont’s nickname is the Green Mountain State.