Vermont is one of the most recent states to enter the legal sports betting market. The legislation allowing sports betting was signed into law in 2023, with the market officially launching in January 2024. The state decided to operate under a highly regulated model where only a limited number of licensed operators are permitted to provide online sportsbooks. This careful approach was chosen to ensure strong consumer protections, responsible gambling measures, and a sustainable tax revenue system for the state.
Unlike some states that allow both in-person and online betting, Vermont’s model is currently online-only. This decision was influenced by the absence of commercial casinos or racetracks within the state, making digital platforms the most practical and efficient way to serve bettors.
The Vermont Department of Liquor and Lottery oversees the licensing and regulation of sportsbooks in the state. Only a small group of operators have been authorized to provide services. These include nationally recognized brands that already have a strong presence across the United States. Each operator must meet strict requirements related to consumer protection, data security, and responsible gambling initiatives.
For players, this means that while the number of available sportsbooks is limited, the platforms that are permitted to operate are reputable and offer high-quality betting experiences. Residents can expect a range of betting markets, competitive odds, and modern mobile applications.
Sportsbooks in Vermont provide access to a wide variety of betting markets. Popular professional leagues such as the NFL, NBA, MLB, and NHL are prominently featured. College sports are also included, although with certain restrictions to protect amateur athletes, especially when it comes to in-state college teams.
Other betting options available include international soccer leagues, tennis, golf, and combat sports like MMA and boxing. As is standard in most regulated states, Vermont sportsbooks offer moneyline bets, spreads, totals, parlays, and prop bets, allowing both beginners and experienced bettors to find suitable options.
A key part of Vermont’s sports betting framework is the emphasis on responsible gambling. All licensed operators are required to provide tools that help players set deposit limits, time limits, and self-exclusion options. The state has also invested in educational campaigns and partnerships with problem gambling support organizations.
This commitment reflects Vermont’s cautious approach to legalization, ensuring that while the state benefits from tax revenue, player well-being remains the top priority.
The sports betting tax revenue generated in Vermont is directed towards supporting public programs, including education and problem gambling resources. While the market is relatively small compared to states with larger populations, the regulated industry provides a new stream of revenue for the state’s budget.
By limiting the number of operators, Vermont ensures a balance between generating revenue and maintaining strict oversight. This approach is designed to prevent market oversaturation while still offering residents access to modern betting platforms.
As the market matures, Vermont may consider expanding the number of licensed operators or introducing retail betting locations if there is sufficient demand. For now, the online-only model is functioning smoothly and offers a secure environment for residents who wish to engage in sports wagering. The state will likely continue to monitor developments in neighboring states and adjust its policies accordingly to remain competitive.
Sports betting in Vermont is characterized by a cautious yet effective regulatory framework, an online-only model, and a focus on consumer protection. While the number of sportsbooks is limited, residents benefit from access to reputable operators, a wide range of betting options, and strong responsible gambling measures, making Vermont’s market a safe and sustainable environment for sports wagering.