Vermont Online Sports Betting Guide 2024
Online sports betting is now officially legal in Vermont, marking an exciting chapter for fans across the Green Mountain State! Whether you’re eager to place your first bet or refine your gambling strategy, staying informed is your ticket to success.
In this guide, we’ll break down everything you need to know—from the latest updates on Vermont’s sports betting laws to top alternatives for making picks and tips on declaring taxable winnings. Ready? Let’s go!
🔑 Key Takeaways
- Learn the overall situation of Vermont online sports betting.
- Discover the best sports betting sites available in Vermont.
- Find out how to manage your VT winnings taxes properly.
Top Online Sportsbooks in Vermont
The state’s legislation, H.127, signed into law on June 14, 2023, permits up to six sportsbooks. Online sports betting became legal in Vermont on January 11, 2024, making it one of the latest states to join the trend. So far, Vermont has authorized three online sportsbooks:
Online Gambling in Vermont: What’s Legal and What’s Not
Vermont’s betting laws favor online sports betting and other forms like lottery and fantasy sports, but areas such as casino games and online poker remain off-limits. As regulations evolve, staying informed will help you make the most of Vermont’s gambling opportunities.
| Gambling Type | Legal? | Current Situation | Legal Age |
|---|---|---|---|
| Sports Betting | Yes | Legalized in 2024, with three licensed sportsbooks: DraftKings, FanDuel, and Fanatics. Online-only. | 21 |
| Online Casino Games | No | Vermont does not permit online casino games, and no state-regulated platforms exist. | — |
| Online Poker | No | Online poker remains illegal, with no authorized platforms available. | — |
| Lottery | Yes | The Vermont Lottery offers various games, but ticket purchases must be made in person. | 18 |
| Daily Fantasy Sports | Yes | DFS are legal since 2017. | 18 |
| Horse Racing | Yes (Limited) | Betting is legal through simulcast and horse racing apps. But there are no active tracks. | 18 |
Vermont’s Sports Betting Law: 10 Facts
- Legalized: Sports betting was legalized on June 14, 2023, and launched online on January 11, 2024.
- Age Limit: Bettors must be 21+ and verify their accounts before betting.
- State Lines: You must be in Vermont to place bets; geolocation tech enforces this.
- No Retail Betting: Vermont only allows online betting—no physical sportsbooks.
- Taxes: Operators pay at least 20% of their monthly adjusted gross revenue.
- Sports Allowed: Pro and college sports are fair game, but no betting on in-state colleges unless in a tournament. High school sports are prohibited.
- Prop Bets: Individual college player props were banned as of March 14, 2024.
- Regulation: The Vermont Department of Liquor and Lottery oversees operations.
- Responsible Gambling: Resources include the DLL site and a helpline at 1-800-522-4700.
- Payment Options: Credit card deposits are prohibited; use debit cards, e-wallets, or bank transfers instead.
VT Popular Sports and Teams
Vermont may not have professional major league teams, but the state boasts a vibrant sports culture rooted in its college teams and local baseball clubs. Sports betting laws in Vermont allow wagers on professional teams and in-state college teams only when they compete in tournaments.
Here are the most popular sports in Vermont that you can bet on:
University of Vermont Catamounts
Competing in the NCAA Division 1 East Conference, the Catamounts excel in basketball, soccer, and ice hockey. Known for their loyal fan base, the Catamounts shine during basketball tournament seasons, attracting widespread attention.
Saint Michael’s Purple Knights
The Purple Knights, based in Colchester, represent Vermont in the NCAA Division II Northeast-10 Conference. With teams in basketball, baseball, and soccer, they hold a strong connection with local sports enthusiasts.
Vermont Lake Monsters
The Lake Monsters, a baseball favorite, play in the Eastern League and call Burlington’s Centennial Field home. Their games regularly draw over 4,000 fans, making them a staple of Vermont’s summer sports scene.
Vermont Mountaineers
Part of the New England Collegiate Baseball League (NECBL), the Mountaineers have been thrilling fans since 2003. With crowds exceeding 1,500 per game, they bring energy and excitement to Vermont’s baseball community.
Reporting Winnings Taxes in Vermont
Winning big at the sportsbook feels great, but don’t forget—your profits are taxable income. Both the federal government and Vermont take a share of your earnings.
- Federal Taxes: The IRS requires sportsbooks to report winnings over $600, with taxes up to 28% for amounts exceeding $5,000.
- Vermont State Taxes: Resident bettors pay a 6% tax, while non-residents wagering within the state are taxed at 7.25%.
Knowing these rates ensures you’re prepared to handle taxes on your sports betting winnings.
Ready to Place Sports Bets in Vermont?
With online sports betting now legal in Vermont, it’s never been easier to wager on your favorite teams from the comfort of home. Follow our guide to sign up with DraftKings, FanDuel, or Fanatics, deposit funds, and start betting responsibly.
Curious about how Vermont’s laws compare to others? Discover more about the state online sports betting regulation.
References
- H.127 Vermont Legislature — Retrieved Nov 25, 2024
Frequently Asked Questions
Yes, online sportsbooks are legal in Vermont. Residents and visitors can place bets through licensed platforms such as DraftKings, FanDuel, and Fanatics.
Sweepstakes sports betting sites are not specifically addressed under Vermont law.
Illegal gambling can lead to fines, fraud risks, and unreliable payouts. Use Vermont’s licensed sportsbooks for a secure and fair experience.
