Vermont Online Sports Betting Now Live with DraftKings, Fanatics, and FanDuel

Adam Cairns-The Columbus DispatchBasketball Ncaa Men S Basketball TournamentVermont online sports betting is now liveDraftKings, Fanatics, and FanDuel are operationalVermont launched sports betting at 12:01 a.m. this morning

Vermont online sports betting is now a go.

According to the Vermont Department of Liquor and Lottery, the Green Mountain State launched sports betting at 12:01 a.m. this morning. Gov. Phil Scott (R) signed the state’s sports betting bill into law this past June.

FanDuel, DraftKings, and Fanatics Sportsbook are now all live in Vermont.

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Three Licensed and Live Vermont Operators

DraftKings, FanDuel, and Fanatics Sportsbook were granted sports betting licenses and are now live in the state. The Vermont Liquor and Lottery Commission granted the licenses after an extensive public bidding process.

“As a Boston-based company, we are thrilled for the opportunity to further expand in the New England region and provide Vermont with access to safe and legal sports betting,” said Matt Kalish, President, DraftKings North America, in a press release. “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.”

DraftKings also announced it will commit $25,000 to the Arbor Day Foundation to support a large-scale reforestation planting project throughout Vermont.

FanDuel, BetMGM, DraftKings, Fanatics Betting and Gaming, and Penn Sports Interactive (ESPN Bet) submitted applications to operate in Vermont. BetMGM and ESPN BET fell short in their efforts to become licensed in the state, despite the department being allowed to issue up to six licenses.

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The state will receive a percentage of each operator’s adjusted gross sports wagering revenue, plus an additional operator fee. Vermont is expected to receive upwards of $7 million in sports betting tax revenue in 2024.

Vermont allows for betting on college sports, but does place a prohibition on bets placed on in-state colleges and universities. Many states offer this prohibition, including neighboring Massachusetts and New York. However, the state also allows bets on Vermont colleges or universities if the school is participating in a tournament, such as the annual March Madness tournament, even if the tournament is taking place in the state.

Long Road to Legalization

Gov. Phil Scott (R) signed the Vermont sports betting bill into law more than six months ago, but the process has actually taken several years.

“I first proposed Vermont legalize sports wagering several years ago, and it’s good to see it come to fruition,” said Gov. Scott in a release. “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.”

The Vermont sports betting bill, H.127, was sent to Gov. Scott in early May after receiving approval from the House of Representatives. He signed it into law on June 14.