Vermont Set to Launch Online Mobile Sports Betting in January 2024

In a highly anticipated move, Vermont Governor Phil Scott and Department of Liquor and Lottery Commissioner Wendy Knight have revealed that legal online sports betting is all set to make its debut in Vermont on January 11, 2024. This news has ignited excitement among sports enthusiasts and bettors across the state.

Starting from January 11th, 2024, Vermont residents can download dedicated apps from licensed operators to place legal bets online. The convenience of mobile sports betting is expected to attract a wide audience of eager participants. To make things even more convenient, consumers will soon have the option to pre-register with operators ahead of the launch, ensuring a smooth transition into the world of online sports wagering.

The Vermont Department of Liquor and Lottery conducted a competitive bid process to select operators for mobile sports wagering platforms in the state. The chosen operators include industry giants like DraftKings, FanDuel, and Fanatics Sportsbook, known for their expertise and user-friendly platforms.

With the introduction of legal sports betting, Vermont aims to boost its revenue by an estimated $7.0 million in the first year. Operators will be subject to a 20% tax on their adjusted gross sports betting revenue, contributing to the state's finances. Additionally, the bill allocates resources to enhance responsible gaming services, ensuring that players must be at least 21 years old to participate.

Governor Phil Scott, who has long championed legal sports wagering in Vermont, expressed his delight, stating, "I first proposed Vermont legalize sports wagering several years ago. It's good to see it come to fruition. Vermonters and visitors alike will soon be able to access a regulated sports wagering marketplace, which will come with important consumer protections and generate revenue for the state."

Commissioner Knight added, "We are excited to offer sports enthusiasts the ability to engage in sports wagering in Vermont with three of the industry's top companies." The countdown to January 11, 2024, has officially begun for Vermont's sports betting enthusiasts.