Vermont Scores Big with Legal Online Sports Betting
Good news, Vermont sports fans! The Green Mountain State is joining the mobile sports betting game in 2024. Here’s the rundown:
Online Focus: Vermont will be the second state (after Tennessee) to offer online-only sports betting, with no retail sportsbooks planned.
FanDuel, DraftKings Anyone?: Up to 6 online sportsbooks will be chosen through a competitive process, similar to New York.
Tax Me Maybe: Expect tax rates to be on the higher side, based on what neighboring states have implemented.
Here’s When You Can Start Betting
The process takes some time, but here’s a possible timeline:
June 2023: Bill signed by Governor
July 2023: Applications open for sportsbook operators
August 2023: Operators submit their bids
September 2023: Vermont reviews applications
October-December 2023: Contract negotiations
January 2024: Launch time! Get ready to place your bets!
So, Vermont sports fans, mark your calendars for 2024! You’ll soon be able to enjoy the convenience and excitement of mobile sports betting.
Vermont Betting FAQs: Your Quick Guide
Not yet, but it's coming soon! Vermont legalized online sports betting in June 2023, with a launch expected in January 2024.
Vermont will only have online sports betting, not retail sportsbooks. You'll be able to place bets on your phone or tablet through licensed sportsbook apps.
Up to 6 online sportsbooks will be chosen through a competitive process. The exact operators haven't been announced yet.
The launch is expected in January 2024. The exact date will depend on the application and licensing process.
Tax rates haven't been finalized, but they are expected to be on the higher side based on neighboring states.
