Vermont Opens up Online Betting Market

Vermont has announced the debut of its legal sports betting market, allowing residents to gamble on sports through DraftKings, FanDuel, and Fanatics.

The Vermont market opens at midnight local time today (January 11th). Last month, Governor Phil Scott and Commissioner Wendy Knight of the Department of Liquor and Lotteries confirmed the launch date.

Scott signed House Bill 127 into law in June of last year, allowing sports betting in the state. The legislation allows up to six internet sportsbooks to operate in Vermont. Licenced operators will be taxed at the rate of 20% of their adjusted gross sports betting income.

Three companies have been licenced to provide mobile sports betting. Following a competitive proposal procedure, the Vermont Department of Liquor and Lottery chose DraftKings, FanDuel, and Fanatics Sportsbook.

“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,” Knight, said.

“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,” DraftKings North America co-founder Matt Kalish said. 

“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 favourite sports on our industry-leading DraftKings Sportsbook app.”