Vermont Online Sports Betting Guide 2024
“How can I make the most of Vermont sports betting opportunities?” With the Green Mountain State’s recent legalization of sports betting, this would probably be the question on the mind of Vermont’s residents or people planning to visit the state.
As the jurisdiction’s sports betting area continues to evolve, it’s clear that only those who master it will reap the rewards. In this guide, we will provide the answers you need to get started with Vermont online sports betting.
From understanding the legal landscape to finding the best available sportsbooks in the state, we will cover all.
🔑 Key Takeaways
- Learn when online sports betting became legal in Vermont.
- Learn how to place a sports bet online in Vermont.
- Discover the best sports betting sites available in Vermont.
- Uncover hidden strategies to maximizing your VT sports bets.
Is Online Sports Betting Legal in Vermont?
Yes, legal online sports betting went live in Vermont on January 11, 2024, making it one of the latest US states to legalize online sports betting.
The state legalized sports betting on June 14, 2023, when Governor Phil Scott signed H.127, the sports betting legislation, into law. While H.127 allows up to six online Vermont sportsbooks, only three sports betting apps currently operate in the state: FanDuel, DraftKings, and Fanatics sportsbooks.
Remember that Vermont is an online-only sports betting state, with no physical sportsbook locations available. This means you can only place bets via online or mobile sportsbooks.
The sports betting bill also sets 21 or older as the legal gambling age in the state. Additionally, It tasks the Vermont Department of Liquor and Lottery (DLL) with conducting and overseeing sports betting in the state.
10 Quick Facts About Vermont’s Sports Betting Law
- Vermont Law: Vermont legalized sports betting on June 14, 2023, and launched online sports betting on January 11, 2024.
- Legal Age: You must be 21 or older to wager on sports online in Vermont. The state’s operators will require you to verify your account before you can start placing bets.
- State Borders: You must be physically within state lines to bet online in Vermont. Operators use geolocation technology to ensure that all online wagering activity occurs within the state’s borders.
- Retail Bookmakers: Vermont operates an online sports betting model, so there are no physical retail bookmakers or sportsbook locations in the jurisdiction.
- Taxes: The Green Mountain State charges each licensed mobile sports betting operator at least 20% of their monthly adjusted gross revenues.
- Available Sports: You can bet on professional leagues and college sports. However, the state bans wagers on in-state colleges unless they are participating in a tournament. Betting on high school sports is also strictly prohibited in the jurisdiction.
- College Player Prop: On March 14, 2024, Vermont banned its sportsbooks from offering bets on individual college player props.
- Regulator: The Vermont Board of Liquor and Lottery (DLL) regulates and oversees online sports betting operations within the state.
- Responsible Gambling: Vermont’s DLL and sportsbook operators are committed to promoting responsible gambling practices and providing resources for those who may need help. You can access the DLL website for more information or contact the Vermont Problem Gamblers Helpline at 1-800-522-4700.
- No Credit Card Deposits: Vermont does not allow its sportsbooks to offer credit cards for deposits. You can use other payment options like debit cards, e-wallets, or bank transfers.
How to Bet on Sports in Vermont?
It’s easy to place a sports bet in Vermont. Follow the step-by-step guide below to start wagering on your favorite sports in the Green Mountain State.
- Create an Account with a Sportsbook: The first step is to sign up with one of the apps offering sports betting in the state. You can register through their sites or download their mobile apps through the Apple Store or Google Play Store. In the process of creating your account, you will be asked to provide personal information.
→ I recall signing up with the three different legal Vermont sports betting apps, and their registration process was similar. - Make a Deposit: Once your account is set up, you will need to fund it with real money before you can start placing bets. You can choose from various deposit methods, such as debit cards, PayPal, ACH Transfer, Venmo, and online banking.
→ I made my first deposit via PayPal, and the process was seamless. Remember to check your bookie’s first deposit requirements and deposit accordingly to be eligible for the site’s welcome bonus. - Place a Bet: Browse the available sports and markets on the app. You will find a list of featured popular events and live matches on the homepage. By clicking on a particular sport, you can access all the available leagues, tournaments, and events related to that sport. Steps to follow:
- Select the event you are interested in
- Choose your bet type
- Enter your stake
- Review your bet details
- Tap ‘Place Bet’ to confirm.
Top Vermont Sports Betting Sites and Apps
While Vermont offers a limited number of betting sites and apps, the ones available are top-notch and among the best sports betting platforms in the United States. Here are the top sports betting sites in the state for 2024.
FanDuel Sportsbook
| Bookie’s name | FanDuel |
| Recommended bet markets | NBA, NFL, MLB, NHL |
| Welcome offer | $200 bonus bets |
| Rating | 4.8/5 |
FanDuel Vermont sportsbook features betting odds on a wide range of sports, including all the big four sports in North America: the NBA, NHL, NFL, and MLB. The sportsbook also offers a long list of betting options like point spread, over/under, player props, and same game parlays.
If you desire a seamless live betting experience, then FanDuel Vermont is your go-to choice. The mobile operator offers real-time odds for all your favorite sports as they unfold.
FanDuel’s welcome bonus in Vermont is also very generous; The bookie offers new signups $200 in bonus bets when they register, deposit, and bet at least $5 and win the first wager.
DraftKings Sportsbook
| Bookie’s name | DraftKings |
| Recommended bet markets | NFL, MLB, College Football, Tennis, Golf |
| Welcome offer | $200 bonus bets |
| Rating | 4.8/5 |
DraftKings Vermont sportsbook offers a fast and intuitive app that makes it enjoyable to place bets online. You can easily locate your favorite sports or events and wager on them. Depositing and withdrawing funds on the app is quick, secure, and hassle-free.
There are various banking options at DraftKings, including PayPal, Mastercard, Apple Pay, Venmo, Visa, and DraftKings gift cards.
For its signup bonus, DraftKings offers new Vermont customers $150 in bonus bets. You will receive this wager whether you win or lose your first wager. The bookie also runs a number of sportsbook promos on its platform, such as odds boost, free bets, and parlay insurance.
Fanatics Sportsbook
| Bookie’s name | Fanatics |
| Recommended bet markets | NFL, NHL, NBA, MLB, Soccer, Tennis |
| Welcome offer | $1000 bonus bets |
| Rating | 4.8/5 |
Relatively new in the US, Fanatics has quickly become a popular option among bettors in the country, including Vermont. The app offers live betting, early cashout, SGPs, and an excellent betting app interface.
Fanatics Vermont Sportsbook also offers competitive odds that are on par with industry standards. You can get a great return on your money when you wager on the available markets on the site.
Sign up on this online Vermont sports betting platform and get an opportunity to claim up to $1,000 in bonus bets. After registering, the bookmaker will award you a $200 bonus bet every day you wager $200 for five days.
Popular Sports and Teams in Vermont Betting Scene
While Vermont has no professional sports team in the major leagues, it is home to some college teams with a strong following in the state. Vermont sports betting law only allows wagering on pro sports teams or in-state college teams if they are playing in a tournament.
Here are some of the most popular local teams in the state:
| Team | Sports | League | Team Description |
|---|---|---|---|
| University of Vermont Catamounts | College Basketball, Soccer, Ice Hockey | NCAA Division 1 East Conference | The Catamounts have a loyal fan base that extends beyond the university campus, with many fans often rooting for them in various sports, particularly basketball |
| Saint Michael’s Purple Knights | College Basketball, Baseball, Soccer | NCAA Division II Northeast-10 Conference | The Purple Knights have a significant following in Vermont, particularly in the town of Colchester. |
| Vermont Lake Monsters | Baseball | Eastern League | Based in Burlington, the Lake Monster usually plays in the Centennial Field to over 4,000 sports fans. |
| Vermont Mountaineers | Baseball | New England Collegiate Basketball League (NECBL) | Founded in 2003, the Mountaineers consistently draw crowds of over 1,500 fans per game. |
The Impact of Local Teams on Sports Betting
Due to the sports betting laws and the absence of pro teams in Vermont, the state’s local teams do not significantly impact its overall sports betting market. However, this has not diminished the state’s love for sports. Instead, residents have adopted teams from neighboring jurisdictions.
This loyalty is evident in the widespread support for teams like the Red Sox, New England Patriots, Celtics, and Bruins. The popularity of these teams in Vermont is reflected in the state’s betting scene, with many residents placing wagers on their favorite teams and players through the available sportsbooks.
However, during tournaments like March Madness, interest in local collegiate teams surges, and betting activity increases.
For instance, in the last March Madness tournament, where the Catamounts faced off against Duke, basketball emerged as the most wagered sport in the state with a sports betting handle of $11.7m. Although the Catamounts lost 64-47, the game generated considerable interest, which saw many Vermont sports bettors wager on the team to pull off an upset.
Upcoming Events
Stay up-to-date on the latest sports action in the state of Vermont. From the University of Vermont Catamounts to the Vermont Lake Monsters, there’s no shortage of action-packed games to look forward to. The list below provides an overview of the major sports events happening in the Green Mountain State.
Are There More Gambling Options in Vermont?
Beyond sports gambling, Vermont offers additional betting options from horse racing to lottery. Let’s look at them below.
- Horse Racing: Horse racing is legal in Vermont, but the state has no active tracks. Instead, you can wager on the equestrian sport through simulcasting or horse race betting apps such as FanDuel TV and TwinSpires.
- Daily Fantasy Sports: In 2017, Vermont legalized daily fantasy sports, allowing residents to play daily fantasy sports games on renowned sites like FanDuel and DraftKings.
- Lottery: The Vermont Lottery offers several games for which you can purchase lottery tickets, including Powerball, Mega Millions, Tri-State Megabucks, Pick 3, and Lucky for Life.
Maximizing Your Bets
In the unpredictable world of sports, a well-crafted betting strategy can make all the difference. Learn below how to maximize your online betting experience in Vermont.
Tips and Strategies for Vermont Bettors
While no approach can guarantee long-term profits in sports betting, adopting good habits can help you make informed decisions and stay ahead of the game. By following these tips, you can maximize your winnings and minimize your losses.
Manage your Bankroll
According to best bankroll management practices, you should set a clear budget before placing a bet online. The money or bankroll you put aside for betting should be an amount you can afford to lose. Once you have decided on your betting capital, consider how much to wager on each bet. To minimize risk, it’s advisable to allocate 1-5% of your bankroll per bet.
You should stick to your bankroll whether you are winning or losing. A common mistake I have seen sports bettors make is increasing their stakes in an attempt to recoup their losses. When you chase your losses, it can lead to desperate decisions and even deeper financial holes. Instead, stay disciplined with your budget, and don’t let emotions dictate your actions.
Research
Don’t just bet on a whim! Always assess each pick and analyze multiple perspectives before wagering on an event. Check statistics, identify emerging trends and patterns, and consider past performances and head-to-head results. The aim of these is to ensure that every wager you place is a value bet.
It’s also great to follow expert sports betting guides like this one. Likewise, stay informed about the latest developments regarding your favorite sports, including player trades and key injuries.
Furthermore, use specialized betting tools and resources to simplify your research process and help you gain a competitive edge.
Compare Lines across Sportsbooks
Optimize your betting strategy by seeking the most favorable odds for each wager. Compare lines across the sportsbooks in Vermont to get the best value and highest payout for your bets. Vermont has only three sportsbooks, so it shouldn’t require much effort.
By line shopping, you can put some extra cash in your pocket. I once planned to bet on the Patriots to win a match at -110 odds on one sportsbook, only to find the same market at -105 odds at another. That slight difference saved me $5 on a $50 bet.
Understanding Taxes and Payouts
The ultimate goal of every wager you place at the sportsbook is to win and walk away with a hefty profit. But do you know you are not keeping all your sports betting profits? Uncle Sam will take a cut if you win big and Vermont state, too.
While you may consider gambling a fun activity, the federal government and most state governments see their winnings as taxable income. So when it reaches a certain threshold, you are required to pay taxes on it.
So, how do taxes work on sports betting winnings? The IRS requires sportsbooks to report and withhold taxes on winnings exceeding $600. Furthermore, the rate at which you are taxed depends on the amount you win. However, if your winnings amount to $5,000 or more, it might be subject to a 28% federal tax rate.
Vermont also charges a 6% tax rate on sports betting winnings for resident bettors, while out-of-state bettors are subject to a 7.25% tax rate. Note that out-of-state here refers to bettors who are not Vermont residents but placed bets through the state’s sportsbooks while physically present in the jurisdiction.
What About Physical Sports Betting Locations?
Vermont is one of two states that have mobile-only sports betting in the US. This means that there are no retail sportsbooks or physical locations where you can place bets in person. Sports betting is only available through legal sports betting apps in:
- FanDuel
- DraftKings
- Fanatics
It is unclear when Vermont will expand its offerings to include retail sportsbooks, but you can be sure that we will update this page as soon as any changes or developments occur.
So, Will You Bet from Vermont Tonight?
With online sports betting now legal in Vermont, you can wager on your favorite teams and sports from the comfort of your own home.
Using our simple guide, sign up with DraftKings, FanDuel, or Fanatics, make a deposit, and start betting. Ensure you bet responsibly and prioritize the use of effective betting strategies like the ones mentioned on this page. May the odds be in your favor!
Do you know that Tennessee also has a strictly online-only sports betting model? Find out other exciting similarities between the two markets by reading this page.
