Vermont Sports Betting: Best VT Underscoregs in July 2024

Vermont sports betting summary

Is sports betting legal in Vermont?

Yes, sports betting has been legalized in Vermont. The bill was approved by the House on May 9, 2023, after which Governor Phil Scott signed it into law on June 14, 2023. Legal sports betting is set to begin on Jan. 11, 2024.

The Department of Liquor and Lottery is the regulatory authority under Vermont’s new legal sports betting law, responsible for licensing up to six online sportsbooks.

Five operators submitted bids for a sports betting license: BetMGM, DraftKings, ESPN BET, Fanatics Underscoreg, and FanDuel. However, only FanDuel, DraftKings, and Fanatics were able to launch on the first day of legal sports betting in Vermont.

HB 127 does not cover retail sportsbooks, making Vermont the third state to legalize online-only betting alongside Tennessee and Wyoming.

Vermont sports betting key developments and updates

As of June 17, 2024, Fanatics has updated its welcome offer to allow players to receive up to $1,000 in bonus bets. The updated terms and conditions now give new players a five-day opportunity to earn up to $200 in bonuses each day.

The sports betting handle for March in Vermont has been revealed, with bettors wagering just over $19.9 million. This marks the second highest monthly handle in Vermont’s history, falling behind only the $21.2 million wagered in February.

In mid-April 2024, Fanatics, FanDuel, and DraftKings updated their welcome promotions to include a variety of bonus bets and no-deposit bonuses.

To celebrate their launch in Vermont, DraftKings introduces a new No Brainer Bet on Jan. 25, 2024: Double your money if a point is scored in the Chiefs vs. Ravens game on Jan. 28, 2024.

DraftKings’ stock price has surged over 10% since its launch in Vermont a week ago on January 18, 2024, indicating a promising future for online sportsbooks.

As of January 11, 2024, legal sports betting has officially launched in Vermont! Three top sportsbooks are now live and available for bets starting at 12:01 a.m. EST.

On January 10, 2024, Vermont is gearing up for the launch of legal sports betting, with multiple platforms set to go live as soon as the clock strikes midnight and January 11 begins.

As Vermont prepares to legalize sports betting on January 11, 2024, the state is moving forward with plans to launch with only three online operators: DraftKings, FanDuel, and Fanatics. It is unclear when or if BetMGM or ESPN BET will also be included in the market.

On December 19, 2023, Vermont unveils its legal sports betting catalog, outlining the approved betting markets.

On December 12, 2023, FanDuel and DraftKings unveil their pre-launch promotions in Vermont, offering bettors the opportunity to claim an early bonus.

On December 11, 2023, Governor Phil Scott announced that Vermont’s legalization of sports betting is proceeding according to schedule and is expected to debut in January 2024.

On November 8, 2023, the Vermont Board of Liquor and Lottery made adjustments to its background check regulations for individuals seeking to work with sportsbook operators.

On September 13, 2023, five companies, including BetMGM, DraftKings, ESPN BET, Fanatics Underscoreg, and FanDuel, submitted bids to obtain a sports betting license in Vermont.

Deadline for operators seeking a sports betting license in Vermont: Submit requests for proposals by July 31, 2023, and bids by August 23, 2023.

On July 17, 2023, the Vermont Department of Liquor and Lottery has approved revised regulations for sports betting and event wagering.

On July 14, 2023, DraftKings, FanDuel, and Caesars expressed concerns about the proposed sports betting rules by the Vermont Department of Liquor and Lottery in written comments. The issues raised included responsible gambling tools, sign-up forms, and other related matters.

On June 14, 2023, Governor Scott officially legalized sports betting in Vermont by signing HB 127 into law, following in the footsteps of Kentucky and North Carolina.

Best Vermont sports betting sites

With the signing of HB 127 by Gov. Scott, the future of legal sports betting in Vermont is mostly clear, with only a few uncertainties remaining. It has been confirmed that online sportsbooks will be available starting on Jan. 11, 2024, with Fanatics, FanDuel, and DraftKings being the three options on offer from Day One.

Additionally, BetMGM and ESPN BET have submitted applications for betting licenses in Vermont, but they were not prepared to launch on the designated day. Vermont law permits up to six betting licenses, leaving uncertainty as to who will secure the final spot. While Caesars Underscoreg is a likely contender, there is potential for a surprise entrant such as bet365 or another competitor.

While we cannot predict with certainty which other betting sites will be approved, we can look at recent state launches to anticipate what options Vermont bettors may have in the future. Here are our predictions for what will likely be available in the Green Mountain State.

*We have recently launched in Vermont and are working towards becoming a potential future VT sportsbook.

DraftKings Vermont

Up to $300 in Bonus Bets Instantly

Terms and conditions apply.

Claim $300

Underscoreg Review may receive advertising commissions for visits to a sportsbook or casino betting site. 21+ and present in VT. Gambling Problem? Call 1-800-GAMBLER.

Vermont residents who enjoy sports may already be familiar with DraftKings, as they have been offering DFS contests in the state for a while. With one of the best sportsbooks and sports betting apps in the industry, DraftKings stands out with its user-friendly welcome bonus, top-notch customer service, and wide range of betting options. These features make DraftKings a top pick for sports enthusiasts in Vermont.

Certain odds restrictions and betting limits may be in place. The offer can be claimed without the need for a DraftKings promo code.

• App store ratings: 4.8 (iOS), 4.6 (Android)
• Vermont welcome bonus: Up to $300 in bonus bets
• Payout speed: Within 24 hours

Want to learn more about the sportsbook? Check out our in-depth DraftKings review.

FanDuel Vermont

Bet $5, Win $200 in Bonus Bets

This offer is exclusive to new customers. Just deposit a minimum of $5, place your first bet of $5 or more, and if your bet wins within 72 hours, you’ll receive $200 in Bonus Bets.

Claim $200

Underscoreg Review may receive advertising commissions for visits to a sportsbook or casino betting site. 21+ and present in VT. Gambling Problem? Call 1-800-GAMBLER.

Just like DraftKings, FanDuel has a strong presence in the Vermont sports betting market thanks to its popularity as a daily fantasy sports platform. With the launch of its sportsbook in VT, bettors can enjoy a top-notch user experience, a competitive in-game wagering feature, and plenty of quality bonuses that don’t require a promo code. Additionally, both new and existing users will receive a daily boost or bonus throughout the summer.

• App store ratings: 4.8 (iOS), 4.7 (Android)
• Vermont welcome bonuses: Bet $5, win $200 in bonus bets
• Payout speed: Within 24 hours

Curious about the additional features available on FanDuel’s sports betting platform? Explore our comprehensive review of FanDuel to learn more.

Fanatics Vermont

Get up to $1,000 in Bonus Bets

Terms and conditions apply.

Claim $1,000

Underscoreg Review may receive advertising commissions for visits to a sportsbook or casino betting site. 21+ and present in VT. Gambling Problem? Call 1-800-GAMBLER.

PointsBet, which started in Australia, expanded its operations to the U.S. and was later acquired by Fanatics in 2023. Fanatics has now entered the Vermont market for legal sports betting, launching on the first day it was allowed.

Fanatics offers a robust sportsbook and extensive sports knowledge acquired over years in the fan apparel retail industry. Their unique FanCash Reward program allows customers to earn cashback for purchases of jerseys, caps, mugs, and even additional bonus bets.

• App store ratings: 4.7 (iOS), 4.6 (Android)
• Vermont welcome bonus: Get up to $1,000 in bonus bets
• Payout speed: Within 24 hours

To obtain more practical information, thoroughly examine our in-depth review of Fanatics.

Potential Vermont sportsbooks

On the first day of licensing, only three out of six sports betting licenses were taken, leaving room for other competitors to join the Vermont market in the future. Here are some top contenders who could potentially secure the remaining slots.

BetMGM Vermont

BetMGM proudly declares itself the ultimate leader in parlay betting, promising a top-notch experience from start to finish. If BetMGM enters Vermont, residents will have the chance to see if this claim is true, while also enjoying perks like a sign-up bonus using promo code SBRBONUS, reduced juice, enhanced odds, loyalty rewards, and additional benefits.

BetMGM was unable to launch for live betting on January 11, 2024, but has submitted an application for a license. Stay tuned for updates on BetMGM’s status in Vermont.

• App store ratings: 4.8 (iOS), 4.6 (Android)
• Expected VT welcome bonus: Up to $1,500 in bonus bets
• Payout speed: 1-2 days

To gain deeper understanding of the sportsbook, check out our comprehensive review of BetMGM for expert analysis.

Caesars Vermont

Known for its glitz and glamour, Caesars is a popular destination for those seeking a taste of Las Vegas. With the legalization of sports betting in Vermont, the Green Mountain State may soon experience the excitement of Caesars’ offerings. Featuring one of the most lucrative sports betting promos, requiring the use of promo code SBRBONUS, an exceptional loyalty rewards program, and a top-notch banking system, Caesars is widely regarded as the premier sportsbook in the industry.

Caesars has not yet submitted an application for a VT license and did not join the three sportsbooks that launched on Jan. 11, 2024. Keep an eye out for updates on whether Caesars intends to establish a presence in Vermont.

• App store ratings: 4.6 (iOS), 4.5 (Android)
• Expected VT welcome bonus: Up to $1,000 first bet on Caesars
• Payout speed: Within 24 hours

Read our in-depth review of Caesars sportsbook for a detailed look at this iconic betting platform.

ESPN BET Vermont

ESPN BET made a grand entrance in November 2023, debuting in 17 states all at once. The renowned sports network is set to make a significant impact in the world of legal sports betting, with its ESPN BET mobile app leading the way.

ESPN BET applied for a Vermont betting license, but they were not part of the first wave of online sportsbooks to launch in the state in January 2024. It is likely that they will join the market soon, and when they do, they are expected to introduce their $100 bonus bets welcome offer to Vermont customers.

• App store ratings: 4.8 (iOS), 4.3 (Android)
• Expected VT welcome bonus: Up to $600 in bonuses
• Payout speed: 1-5 days

For more information on this upcoming sportsbook, check out our comprehensive review of ESPN BET.

Vermont sports betting quick facts

Gambling Problem? Call 1-800-GAMBLER.

How to start betting in Vermont

The legalization of sports wagering in Vermont in 2023 was a smart move to boost revenue. Lawmakers saw the benefit of retaining sports betting money within state borders, as many residents were spending their dollars in neighboring states like Massachusetts, New Hampshire, and New York. This prompted an accelerated timeline for passing a legal sports betting bill, which quickly made its way to Gov. Scott’s desk. As a result, Vermont now hosts some of the nation’s leading sportsbooks and betting apps.

Here is an easy-to-follow guide on getting started with online betting now that sportsbooks are available in Vermont.

1. Select a licensed Vermont sportsbook

Selecting a betting site requires careful consideration. It is important not to hastily join any online sportsbook or download any sports betting app without researching thoroughly. It is crucial to evaluate each option to find the one that aligns with your preferences. The leading Vermont sportsbooks provide excellent promotions, top-notch security measures, various banking options, user-friendly interfaces, and attentive customer support.

To enhance your sports betting experience, download your favorite Vermont sports betting apps on your iOS or Android device.

2. Register online

To proceed, you will need to set up a new sportsbook account using either a desktop or mobile app. When signing up, operators will ask for basic personal details including your full name, address, email, date of birth, and social security number. Providing your SSN helps confirm your identity and prevent any misuse of bonuses.

Next, you should come up with a distinctive username and password. For maximum security, your password should include a combination of uppercase and lowercase letters, numbers, and special symbols. Aim to make your password a minimum of eight characters in length.

3. Deposit and claim a bonus

Once you finish signing up, head to the sportsbook’s cashier to link your account with your chosen banking options. Note that in Vermont, HB 127 prohibits the use of credit cards for deposits or bets, so consider using debit cards, ACH bank wire transfers, PayPal, or other third-party wallets and banking services instead.

When signing up for your chosen sportsbook, make sure to have the promo code ready to enter during the registration process in order to unlock the welcome bonus.

4. Select and finalize your bet

Once you have money in your account, you can confidently start exploring the various betting options available on the sportsbook. The top betting sites in Vermont typically include odds for the NHL, NBA, NFL, and MLB, as well as popular bet types like moneylines, point spreads, and point totals.

After gaining some experience and craving more excitement, the top VT sportsbooks offer live in-game betting, same-game parlays, player props, and teasers for those looking for a riskier option.

5. Withdraw your winnings

Once you have accumulated a series of wins, you may want to request a withdrawal. Simply go back to the cashier page on the online sportsbook and select the withdraw option. There are various ways to transfer funds from your sportsbook wallet to your bank account, such as ACH wire transfers, PayPal, and physical checks. Keep in mind that most sportsbooks take up to five business days to process withdrawals, even the most efficient ones.

Vermont sports betting neighbors

The sports betting scene in New England is now fully established, as Vermont has become the final state in the region to legalize the activity. With thriving markets in Massachusetts, New Hampshire, and New York, bettors in the Green Mountain State can now place their bets online without the need to travel to neighboring states, as Vermont launched online sports betting on Jan. 11, 2024.

Massachusetts 

New Hampshire

New York

What’s missing from Vermont sports betting?

Although Vermont sports betting is now officially operational, not all betting markets have been approved. While most sports leagues are included, there are some additional betting options that are absent from the Vermont offerings.

Here is a brief overview of the betting options available in Vermont.

Politics ❌

Just like in other states with legalized sports betting, political events are off-limits for wagering in Vermont. This means you cannot bet on outcomes such as the winner of the 2024 U.S. presidential election.

Horse racing ✅

Although there are no licensed physical horse tracks in Vermont for racing, it is legal to bet on horses online. You can use horse racing betting apps such as FanDuel TV to place your wagers.

Entertainment award ceremonies ❌

House Bill 127 currently does not address betting on entertainment award shows such as the Oscars or Emmys, but there may be provisions for these markets in the future.

Esports ❓

HB 127 does not address esports betting, leaving it in a legal grey area in Vermont. Some sportsbooks may take a chance and offer esports betting markets in the state. As regulations become clearer, we will provide updates on this matter.

What about daily fantasy sports?

Participating in daily fantasy sports in Vermont has been legal since 2017, with popular operators such as DraftKings and FanDuel available. Players must be at least 21 years old to participate.

Vermont college sports betting 🎓

Because Vermont does not have any professional sports teams, residents of the Green Mountain State are likely to be interested in betting on college sports. HB 127 allows for betting on out-of-state college sports, but prohibits wagering on in-state college teams, with the exception of major events like March Madness involving Vermont-based teams.

Vermont sports leagues and teams to bet on

Even though Vermont doesn’t have any professional sports teams, fans in the Green Mountain State can still support nearby franchises like the New England Patriots, Buffalo Sabres, New York Knicks, and New York Mets. While it may be tempting to bet on these hometown favorites, it’s important to make smart wagers based on logic rather than emotion to avoid losing money quickly.

Before placing a bet on your favorite team, make sure to understand how to effectively manage your bankroll and stay updated on injury reports, depth chart changes, weather conditions, and matchup details.

In addition to the four major professional sports leagues, Vermont sports betting sites will also provide betting options for European soccer, international tennis tournaments, PGA tour events, MMA fight cards, and major boxing matches.

Vermont sports betting taxes

Vermont sports betting introduces a distinct taxation and fee system for operators looking to establish themselves in the state. Instead of a fixed tax rate on revenue, the legislation enforces a competitive bidding procedure. Operators are subject to a maximum tax rate of 20%, and must pay a $550,000 fee for a license, which can be spread out over at least three years.

Individual bettors are subject to a 6% tax if they are Vermont residents, or a 7.25% tax if they live out of state, in addition to the 24% federal tax on gambling winnings. It is important to note that taxes are only collected on profits, and you may be able to offset your tax liability by deducting your gambling losses. Therefore, it is crucial to keep detailed and organized records of your online sportsbook activity.

Responsible Vermont sports betting

With the signing of HB 127 by Gov. Scott, the Vermont Department of Liquor and Lottery (DLL) now has the authority to regulate all sports betting activities in the state. This includes reviewing applications for online sportsbooks, issuing licenses, conducting audits, ensuring security measures are in place, enforcing laws, and imposing fines for violations. In addition, the DLL is also responsible for leading initiatives aimed at promoting responsible gambling, such as providing resources for individuals struggling with gambling addiction, offering prevention and treatment programs, and raising awareness about the importance of safe gaming practices.

In order to increase efforts in preventing problem gambling, the DLL collaborates closely with online operators to enable individuals to voluntarily include themselves in self-exclusion lists, establish financial limits, and impose time constraints on their sportsbook activities.

There are several resources available on the Vermont government website to promote responsible gambling.

• The Howard Center at 802-488-7777
• National U.S. gambling helpline: 1-800-GAMBLER
• Vermont Counselor Network
• National Council on Problem Gambling

List of Vermont betting resources

The Department of Liquor and Lottery is anticipated to be the state regulator for sports betting.

Vermont Legislature Online – The official website for the state’s legislative branch.

The Vermont Problem Gambling Resource Center is the premier source for promoting responsible gambling within the state.

Underscoregs to avoid in Vermont

Legal sports betting is now an option in Vermont, but there are only three sportsbooks to choose from. For those looking for a different experience, offshore sportsbooks may be worth exploring.

Avoid illegal sites that are not regulated or licensed, as they may engage in shady practices like withholding winnings from players. Stick to sites that are licensed and regulated by Vermont state officials.

Here are some online sportsbooks that you should steer clear of at all costs:

Growth of sports betting 📈

The repeal of PASPA by the U.S. Supreme Court in 2018 led to a significant increase in legal sports betting across the United States. Nearly 30 states have now legalized various forms of sports betting, with many implementing laws to license online sportsbooks and mobile betting apps. Explore our legal sports betting tracker for information on individual state regulations.

In the last couple of years, states such as Ohio and Massachusetts have experienced highly successful online betting launches. This has provided sports fans with an additional avenue to connect with their favorite teams, while also generating significant revenue for the states through licensing fees and taxes.

The latest development in North Carolina sports betting came on March 11, 2024, with the introduction of eight top sportsbooks to the Tar Heel state. As events such as the Copa America and Euro 2024 soccer tournaments unfold throughout the summer, the excitement and options for sports betting fans are expanding.

Sports betting by state

Keep up to date with the latest sports betting developments and updates in your state.