Vermont Introduces Online Sports Betting as it Becomes Legal

The state of Vermont has recently opened its doors to legal online sports wagering, allowing players to bet on sports through platforms such as Fanatics, FanDuel, and DraftKings. The market officially opened on January 11 at midnight local time, with the Commissioner of the Department of Liquor and Lottery, Wendy Knight, and Governor Phil Scott validating the debut date. This move came after Governor Scott signed House Bill 127 into law in June of 2023, legalizing sports wagering in the state and allowing for a maximum of 6 online sportsbooks to operate. Operators with licenses are required to pay a 20% tax on adjusted gross sports wagering income, with 3 operators – Fanatics Sportsbook, FanDuel, and DraftKings – being the first to provide mobile sports wagering in the state.

DraftKings’ debut in Vermont marks the 26th US market for the company, and FanDuel is now operating in its 21st US state. Both companies have opened registrations for accounts in Vermont and are offering bonus wagers to new clients. Matt Kalish, co-founder of DraftKings North America, expressed excitement about expanding in the New England region and providing Vermonters with access to safe and legal sports betting. Fanatics Sportsbook also made its debut in Vermont, making it the 10th state in which the company has launched since acquiring PointsBet US.

The firms are anticipating a positive response from Vermonters as they engage with their favorite sports through these platforms. The debut of legal online sports wagering in Vermont represents a significant milestone for both the state and the operators involved, and it is expected to provide a fun and safe regulatory environment for sports wagering enthusiasts.