Vermont sports fans can finally start placing online bets on their favorite teams and players. Phil Scott’s office announced Tuesday that online sports betting will officially begin in Vermont on January 11, 2024. DraftKings, FanDuel and Fanatics Sportsbook were selected through a competitive bidding process to operate a mobile sports betting platform in Vermont, according to the State Department. Liquor and Lotteries A total of five sportsbooks were considered during the bidding process, with all three selected selected for a six-year term with extensions if both parties agree to continue legal wagering for years to come did. Online sports betting was officially legalized in Vermont back in June, and Scott’s office and the Department of Liquor and Lottery have since been working on contracts with operators to run sportsbooks through mobile platforms. There is. Sports betting is expected to generate up to $7 million in revenue for the state in its first year, and Vermont Liquor and Lottery Director Wendy Knight said the revenue projections for the first year exceeded initial expectations. A person interested in betting must be over 21 years old and able to deposit funds using his debit card or personal bank account. To ensure our users are gambling responsibly, we do not accept credits of any kind. The Department of Mental Health is responsible for responsible gaming for users, and new services and educational programs will be introduced for people suffering from addiction. Officials said they believe Vermont is an attractive market for sports betting operators because of the number of vacation home owners and strong tourism market. Pre-registration is now officially open ahead of the January start date. Sports betting is already legal and practiced in states including Maine, Connecticut, Massachusetts, and New Hampshire.
Vermont sports fans can finally start placing online bets on their favorite teams and players.
Gov. Phil Scott’s office announced Tuesday that online sports betting will officially begin in Vermont on January 11, 2024.
DraftKings, FanDuel and Fanatics Sportsbook were selected through a competitive bidding process to operate a mobile sports betting platform in Vermont, according to the Department of Liquor and Lottery.
A total of five sportsbooks were considered during the bidding process, with all three chosen having a six-year term with extensions if both parties agree to continue legal wagering over the next few years. selected.
Online sports betting was officially legalized in Vermont back in June, and Scott’s office and the Department of Liquor and Lottery have since been working on contracts with operators to run sportsbooks through mobile platforms. There is.
Sports betting is expected to generate up to $7 million in revenue for the state in the first year.
Vermont Liquor and Lottery Commissioner Wendy Knight said first-year revenue projections exceeded initial expectations.
Those interested in betting must be over 21 years old and able to deposit funds using a debit card or personal bank account. To ensure that users are gambling responsibly, no credits of any kind are accepted.
The Department of Mental Health is responsible for responsible gaming, and new services and education programs for people suffering from addiction will be introduced in the run-up to release.
Officials said they believe Vermont is an attractive market for sports betting operators because of the number of vacation home owners and strong tourism market.
We have officially started pre-registration ahead of the service launch in January.
Sports betting is already legal and practiced in states such as Maine, Connecticut, Massachusetts, and New Hampshire.