Vermont Opens Legal Sports Betting Market with DraftKings, FanDuel, and Fanatics

Vermont residents woke up to exciting news on January 11, 2024, as the state officially opened its legal sports betting market. This move comes after Governor Phil Scott signed House Bill 127 into law in June 2023, making sports betting legal in the state. The law allows up to six online sportsbooks to operate within Vermont and imposes a 20% tax on their adjusted gross sports betting revenue.

Three prominent operators, DraftKings, FanDuel, and Fanatics Sportsbook, have been chosen through a competitive bidding process to offer mobile sports betting in Vermont. This selection ensures that Vermonters and visitors have access to a secure and enjoyable sports betting experience.

Wendy Knight, the commissioner of the Vermont Department of Liquor and Lottery, expressed her satisfaction with the choices, stating, "We are pleased to have selected three of the industry’s top companies to offer Vermonters and visitors the opportunity to engage in mobile sports wagering in a fun and safe regulatory environment."

The three licensed operators wasted no time in going live in Vermont. DraftKings, a Boston-based company, is now available in its 26th market in the US, along with Ontario in Canada. In an exciting development, DraftKings has also secured market access in North Carolina, marking its 27th US market.

Matt Kalish, co-founder of DraftKings North America, expressed his excitement about the expansion, saying, "This is an exciting time of year with the NFL playoffs about to kick off, and Vermonters will now have the opportunity to engage with their favorite sports on our industry-leading DraftKings Sportsbook app."

FanDuel, on the other hand, brings its sports betting expertise to Vermont, becoming the 21st state where it offers sports betting. New customers can enjoy $200 in bonus bets with just a $5 initial wager.

Fanatics Sportsbook also made its debut in Vermont, marking the 10th state in which it has launched. The platform offers a user-friendly experience with fast signup, easy betting, transparent withdrawals, and exciting new features, setting it apart in the sports betting industry.

As Vermont embraces legal sports betting, it brings new opportunities for enthusiasts to engage with their favorite sports and teams while contributing to the state's revenue through taxes on sports betting revenue. With these leading operators now in play, Vermonters can enjoy a safe and regulated sports betting environment.