BREAKING: Vermont welcomes legal online sports betting: A new era in the Green Mountain State

Vermont is ushering in a historic moment in its sports culture as online sports betting becomes legal on January 11, 2024 at the stroke of midnight. This significant development follows strategic legislative efforts and careful planning, leading to the selection of renowned operators like DraftKings, FanDuel, and Fanatics Sportsbook. These operators are set to revolutionize the sports betting landscape in Vermont, offering a wide array of betting options, including popular sports like football, basketball, and baseball, as well as niche markets.

What’s more, with historical precedent making clear that the most lucrative sports betting promos that will ever be available in most states are the promos that accompany the sports betting launch, there will never be a more lucrative opportunity for Vermonters to dip their toes in sports betting while risking as little of their own money as possible up front.

Sportsbooks like DraftKings, FanDuel, and Fanatics have announced generous sign-up offers for Vermont users to celebrate the launch.

• DraftKings Vermont launch bonus: Bet $5, get $200 in bonus bets, and double your money if a single point is scored between the Celtics vs. Bucks (1/11) or Texans vs. Browns (1/13).
  • Click this promo link to claim the offer.
• FanDuel Vermont launch bonus: Bet $5, get $200 in bonus bets, plus free entry into the $10,000,000 Gronk Field Goal challenge at Super Bowl LVIII.
  • Click this promo link to claim the offer.
• Fanatics Vermont launch bonus: Known for its FanCash Reward program, Fanatics Sportsbook offers a unique user experience with features like live streaming, search functionality, and personalized content. They provide up to 5% cashback on wagers through FanCash, which can be used on Bonus Bets at Fanatics.com

Governor Phil Scott and the Vermont Department of Liquor and Lottery have played pivotal roles in bringing legal sports betting to fruition. The legislative framework, established by House Bill 127, allows up to six online sportsbooks to operate in the state. A competitive bid process led to the selection of the leading operators, with a taxation rate of 20% on adjusted gross sports betting revenue. This initiative is expected to generate significant revenue for Vermont, with projections of around $7 million in the first year.

A core aspect of Vermont’s sports betting scene is responsible gaming. Operators like Fanatics, FanDuel, and DraftKings emphasize this, as does the Vermont Department of Liquor and Lottery, offering tools to help manage time and money spent on betting. This includes a comprehensive help center, chat support, and 24/7 coverage from knowledgeable agents.

The launch of online sports betting in Vermont is more than just a regulatory change; it represents a major shift in the state’s sports culture. It’s expected to bring high engagement and excitement, similar to what has been witnessed in other states during their first day of sports betting.

In conclusion, the dawn of legal online sports betting in Vermont is set to offer an enriching and responsible betting experience, with top-notch operators and enticing offers for bettors. This launch signifies a momentous occasion in Vermont’s sporting history, marking the beginning of a new era in sports entertainment.

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Mac Douglass is the Senior Sports Betting Editor at Cipher Sports Technology Group. In addition to reporting on the sports betting industry for several news outlets across the US, Mac provides predictive analysis for the NFL, college football, and several other sports for Dimers and Stats Insider.