Vermont Set to Launch Online Sports Betting in January 2024

In a groundbreaking move, Vermont is all set to dive headfirst into the world of online sports betting, officially starting on January 11, 2024. While Vermont might not boast any professional sports teams, the state is determined to join the ranks of legalized sports betting markets. This marks the end of a prolonged and passionate debate on the subject.

One of the key benefits of Vermont's timely launch is its opportunity to capitalize on the NFL Playoffs and Super Bowl excitement. Republican Governor Phil Scott has confirmed the anticipated launch, which is sure to attract sports enthusiasts eager to wager on these high-stakes events.

The Department of Liquor and Lottery in Vermont has already granted mobile sports wagering licenses to industry giants such as DraftKings and FanDuel. Fanatics Sportsbook, a rising star in the sports betting world, is also set to compete, backed by its substantial apparel business resources.

Department of Liquor and Lottery Commissioner Wendy Knight expressed her enthusiasm, saying, "We are excited to offer sports enthusiasts the ability to engage in sports wagering in Vermont with three of the industry's top companies."

Vermont may be a relatively small state with just 643,000 residents in 2023, but the launch of sports betting is expected to close a significant tax revenue gap. An estimated $7 million in tax revenue is projected to be generated, preventing money from flowing to neighboring states or offshore brands.

Vermont aims to create a regulated sports wagering marketplace that prioritizes consumer protection. Various resources for problem gambling awareness and harm prevention will be made available. Operators will be required to implement player limits, self-exclusion options, and third-party tools to safeguard vulnerable consumers. Vermonters and visitors alike can look forward to a regulated sports betting experience with both excitement and responsible gaming measures in place.