Online Sports Betting in Vermont

vermont sports betting“Can I bet legally on sports in Vermont?”

If you’re new to sports wagering, this might be one of your initial questions.

The answer is “Yes!”

Here’s what you need to know about sports betting in Vermont:

  1. Legal Sports Betting Available Online: Yes
  2. Legal Sports Betting Available In-Person: No
  3. Minimum Age to Gamble in Vermont: 21 years old
  4. Gambling Industry Regulator: Department of Liquor and Lottery

A Historical Timeline of Online Sports Betting in Vermont

June 2023: Vermont legalized sports betting, becoming the final state in New England to allow online sports betting.

January 11, 2024: Online sports betting was launched in Vermont just before the NFL postseason.

Present: Wagering options also extend to major college and international sports events. In Vermont, betting fans can place wagers on major sports leagues, including the NFL, NBA, MLB, and NHL.

Furthermore, they can bet on various professional sports such as golf, tennis, motorsports, soccer, boxing, and mixed martial arts.

Explore further as we explore the rules, regulations, popular betting options, and insights to enhance your sports betting experience in Vermont.

Vermont sports wagering

Best Betting Bonus Offers at VT Sportsbooks in 2024

What’s a Betting Bonus and How Does It Work?

Think of betting bonuses as something that elevates your betting experience.

Nevertheless, remember that even if you get a free bet or money, there are always terms and conditions to look into.

Whether it’s a complimentary bet or cashback, there are typically wagering requirements attached.

This implies that you may be required to wager the bonus amount a specific number of times before being able to withdraw your winnings.

Hence, it’s crucial to read the terms and conditions before accepting any betting bonuses.

Now, let’s explore the various types of bonuses and how they can elevate your betting:

Free Bet

You’re at a New England Patriots game, and someone hands you a free ticket out of the blue. That’s precisely what a free bet is like in the world of sports betting – an opportunity to make a wager without dipping into your funds. If your bet turns out to be a winner, you get to pocket the winnings minus the value of the free bet. Say you place a $20 free bet at +200 odds; a win nets you $40, making your day a bit brighter.

Welcome Bonus

A welcome bonus is like a friendly wave from Ethan Allen – it’s how VT sportsbooks welcome new players. Typically, it includes a combination of a free bet and a deposit bonus, giving you extra funds to start betting. Let’s say you deposit $50; the sportsbook might match it 100%, giving you $100 to play with.

mobile betting

Reload Bonus

A reload bonus gives you extra funds when you top up your betting account. Already a seasoned bettor? No problem. Deposit on a designated reload day and get a percentage bonus on your deposit amount. For instance, a 50% reload on a $100 deposit gives you $150 in total betting funds. It’s the sportsbook’s way of saying, “Thanks for sticking around!”

Wager Bonus

With a wager bonus, you get something back for every bet you place, regardless of whether you win or lose. It’s like finding spare change in your pocket – a small but pleasant surprise.

Express Bet of the Day

The express bet of the day is like the daily special at your favorite deli – it’s a tempting offer that boosts your odds for a specific bet, giving you a chance to win bigger.

Combo Boost

For those who like to mix it up, the combo boost adds extra winnings to your combo bets. Place a parlay bet with multiple selections, and if you win, enjoy an additional boost to your payout.

For instance, a 50% reload on a $100 deposit gives you $150 in total betting funds. It’s the sportsbook’s way of saying, “Thanks for sticking around!”

Cashback

Nobody likes losing, but cashback takes some of the sting away. If your bet doesn’t go as planned, you might get a percentage of your stake back as a bonus to try again.

cashback sports betting

Bet Insurance

Bet insurance acts as a safety net for your wagers. Insurance can refund your stake if your bet doesn’t win, giving you another chance at success.

Odds Boost

An odds boost enhances the potential returns on your bets, giving you a chance to win more without any extra risk.

For example, if a sportsbook boosts the odds of the Boston Celtics winning from +150 to +200, your potential payout increases significantly. Betting $100 at the boosted odds nets you $200 instead of $150. It’s the sportsbook’s way of adding extra excitement to selected bets.

Parlay Boost

Combine multiple bets into one parlay, and if all your selections win, a parlay boost can significantly increase your payout. By combining multiple bets into a parlay, you can significantly increase your potential payout.

For instance, a parlay with the New England Patriots, New York Giants, and New York Jets, if all win, not only nets you the combined winnings but also adds a bonus on top, much like hitting a string of lucky streaks at the casino tables. It’s the ultimate risk-reward scenario that can turn a good day of betting into a legendary one.

No Deposit Bonuses

These bonuses are like a warm welcome to Vermont – you get a bonus just for signing up, with no deposit required.

Deposit Bonuses

Deposit bonuses match a portion of your deposit with bonus funds, giving you more to bet. Should you make a $100 deposit at a sportsbook with a 100% match rate bonus, they would be given an additional $100 in bonus money.

Loyalty Programs in VT

Loyalty programs offer incentives for consistent betting, granting points redeemable for a range of perks and rewards.

Every bonus injects extra excitement into your betting journey, amplifying the thrill of sports wagering in Vermont.

However, reviewing each offer’s terms and conditions is crucial.

By comprehending the rules, you’ll be equipped to make informed choices, enhancing your enjoyment of betting in Vermont while maximizing potential benefits.

Terms & Conditions

Understanding the terms and conditions is crucial before diving into sports betting. They serve as the rulebook for your betting journey, outlining essential details such as wagering requirements, expiry dates, and any betting restrictions.

Familiarizing yourself with these terms will enable you to maximize the benefits of your bonuses.

Remember, knowledge is key in sports betting.

Now, let’s explore those betting apps and take your wagering to the next level!

Betting Apps in 2024

Vermont’s gambling landscape underwent a significant transformation with the legalization of online sports betting.

With each passing year, technological advancements and regulatory shifts continue to shape the landscape, offering challenges and opportunities for passionate bettors and platforms.

As we explore the options of sports betting apps in the USA, we can see variations in different states around the USA as well as innovation, accessibility, and regulatory compliance, redefining how Americans engage with their favorite sports and games of chance.

From established giants to small startups, the USA is set for a dynamic exploration of the latest trends, key players, and regulatory frameworks, viewing the upcoming changes in sports betting.

draftkings mobile reviewWhat Betting Apps are available in Vermont?

Vermont residents can legally engage in online sports betting thanks to legislation by Gov. Phil Scott in June 2023.

On the stroke of midnight on January 11, 2024, Vermont’s iGaming sector embarked on its official journey, marking a significant milestone for local enthusiasts.

With this launch, bettors within the state’s borders gained access to a trio of exceptional online sports betting platforms.

These platforms, namely FanDuel, Fanatics, and DraftKings, offer a great selection of options for individuals keen on engaging in legal and regulated wagering activities.

Taxation

Are Vermont gambling winnings taxable? Yes, they are.

Vermont taxpayers will be paying state income tax on gross winnings without being able to deduct losses for state income tax.

Sports Wagering Tax Rates:

  • Online Sportsbooks: 20%

Sports Betting Winnings Tax Rate

  • State Income Taxes: 6% to 7.25%

vermont gambling regulation

Taxes on Gambling Winnings in Vermont

All gambling winnings in Vermont are considered taxable income. Individuals must declare their winnings and pay state and federal taxes.

Like many other states, winnings of $600 or more prompt the operator to issue a Form W-2G.

This form must be completed and retained, then submitted at the end of the financial year.

Responsible Gaming

Also, you can contact the National Problem Gambling Hotline for support at 1-800-522-4700. You can also text the number 1-800-522-4700 or enter the website chat here.

Want to learn more about online casinos and sports gambling? Follow our Online Gamblers Academy and learn how to have fun responsibly!

Tips and Support for Responsible Gambling

Gambling, when not practiced responsibly, can lead to significant financial and personal issues.

Here are some tips for gambling responsibly:

  • Before you begin gambling, set limits by deciding how much money you can afford to lose and commit to staying within that limit.
  • Understand the odds and Return to Player (RTP) of the games you’re playing to manage your expectations better.
  • Remember that gambling is intended for entertainment purposes and should not be viewed as a means of making money.
  • Take breaks periodically to assess your gambling behavior and prevent becoming overly immersed.
  • Recognize the signs of problem gambling, such as chasing losses, gambling until you have depleted all your funds, or resorting to borrowing money to gamble, and know when it’s time to stop.

Vermont Bucks

What Are Popular Sports in Vermont in 2024?

Vermonters and visitors alike find joy in team sports. Whether it’s the strategic kicks of soccer, the fierce tackles of football, the fast-paced dribbles of basketball, or the graceful glides of hockey, team games hold a special place in Vermont’s sporting culture, bringing people together in spirited competition and shared triumphs.

Football in Vermont

Vermont Bucks: The Vermont Bucks, an indoor football team based in Vermont, began in the Can-Am Indoor Football League in 2017, playing home games in Burlington. They later joined the American Arena League in 2018 but folded under new ownership in January 2018. Another group resurrected the team in 2019 as a semi-professional outfit without a home arena. They planned to play in St. Albans in 2020 but did not compete due to COVID-19.

Ice Hockey

Vermont Lumberjacks: Hailing from Burlington, Vermont, the Vermont Lumberjacks stand as a Tier III Junior A ice hockey organization sanctioned by USA Hockey. Comprising players aged 16 to 20, these athletes maintain amateur status as per Junior A guidelines. They aspire to secure positions in higher tiers of junior hockey across the United States and Canada, including Canadian Major Junior, Collegiate levels, and, ultimately, professional teams.

Soccer in Vermont

Vermont Green FC: Vermont Green Football Club is an American soccer team based in Burlington, Vermont that began play in USL League Two in the 2022 season. The club mission is centered on environmental justice with the goal of becoming a net zero soccer club.

Vermont Frost Heaves

Black Rock FC: Black Rock FC is a soccer club based in the United States, competing in the USL League Two. The club’s administrative headquarters are located in Great Barrington, Massachusetts.

Vermont Lady Voltage: Established in 2005, the Vermont Lady Voltage was a professional women’s soccer team affiliated with the United Soccer Leagues W-League. Competing in the Northern Division of the Central Conference, the team called the Collins-Perley Sports Complex in St. Albans, Vermont, its home ground, situated 27 miles north of Burlington, the state’s largest city. Sporting colors of black and white, as well as gold and blue, the Lady Voltage shared a connection with the men’s Vermont Voltage team, competing in the USL Premier Development League.

Basketball

Vermont Frost Heaves: The Vermont Frost Heaves were a professional basketball team in Vermont, United States, that last played in the Premier Basketball League, last coached by Joe Salerno.

Vermont Sports Culture and Popular Teams

Explore the vibrant sports culture of Vermont with a glance at some of the most beloved teams across various leagues.

These teams win over fans across Vermont, whether on the field, court, or ice.

Let’s take a closer look at some of the popular teams in Vermont across the NFL, NBA, MLB, and NHL.

nfl bettingHere are some popular teams in Vermont:

NFL: New England Patriots, Green Bay Packers, Buffalo Bills

NBA: Boston Celtics, New York Knicks, Brooklyn Nets

MLB: Boston Red Sox, New York Yankees, Philadelphia Phillies

NHL: Boston Bruins, Montreal Canadiens, New York Rangers

College athletics

Vermont Catamounts (Burlington, VT): Representing the University of Vermont, the Catamounts compete in NCAA Division I athletics, showcasing talent across various sports.

Saint Michael’s Purple Knights (Colchester, VT): Saint Michael’s College fields teams under the Purple Knights banner, participating in NCAA Division II athletics.

Middlebury Panthers (Middlebury, VT): Middlebury College boasts the Panthers as their athletic representatives, competing in NCAA Division III across a range of sports.

Castleton Spartans (Castleton, VT): Castleton University’s teams, known as the Spartans, compete in NCAA Division III athletics, showcasing their skills on the field, court, and more.

Southern Vermont College Mountaineers (Bennington, VT): Southern Vermont College’s teams, known as the Mountaineers, compete in various sports at the collegiate level.

Norwich Cadets (Northfield, VT): Norwich University fields teams under the Cadets banner, participating in NCAA Division III athletics.

Lyndon State College Hornets (Lyndonville, VT): Representing Lyndon State College, the Hornets compete in various collegiate sports, bringing their competitive spirit to the field.

Vermont sports bettingBetting Opportunities in VT 2024

Types of Bets Available in Vermont

Vermont sportsbooks offer a variety of bet types, each with its strategic implications.

Moneyline Bets

  • Description: A straightforward bet on who will win the game.
  • Example: Betting on the New Jersey Devils to win against the Philadelphia Flyers.

Point Spread Bets

  • Description: Bets on the margin of victory. The favorite must win by more than the spread, and the underdog must lose by less than the spread or win outright.
  • Example: If the New York Giants are -7 against the Dallas Cowboys, they need to win by more than 7 points.

Totals (Over/Under) Bets

  • Description: Betting on whether the combined score of both teams will be over or under a set number.
  • Example: An over/under set at 48.5 points for a Jets vs. Patriots game, betting whether the total score will exceed this number.

Parlay Bets

  • Description: Combining multiple bets into one for a higher payout but increased risk.
  • Example: A parlay bet that includes the Brooklyn Nets, New York Knicks, and New Jersey Devils, all to win their games.

online-gambler

Prop Bets

  • Description: Bets on specific events within the game that are not necessarily linked to the outcome.
  • Example: Betting on the number of touchdowns a specific player will score in an NFL game.

Futures Bets

  • Description: Wagers on outcomes that will be decided in the future, like season-long achievements.
  • Example: Betting on Rutgers Scarlet Knights to win the NCAA basketball championship before the season starts.

Live Bets

  • Description: Placing bets on events as they are happening, with odds changing in real-time.
  • Example: Betting on the New York Red Bulls to score the next goal during a live MLS match.

Each type of bet in VT offers a unique way to engage with sports events, adding an exciting dimension to the experience of watching your favorite teams and athletes compete.

Navigating Legal and Safe Online Gambling in VT

Navigating Vermont’s legal landscape requires understanding the legal framework and practicing safe gambling habits.

This guide aims to equip bettors in VT with the knowledge to engage in online betting responsibly and securely.

vermont responsible gamblingIdentifying Licensed and Regulated Sportsbooks

  • Check Licensing: Make sure the sportsbook has a license from the Vermont Department of Liquor and Lottery by checking for licensing. Licensed sites display their credentials on their websites.
  • Use Official Websites: Visit the Vermont Department of Liquor and Lottery website for a list of authorized operators. This step ensures you’re betting with a legal and compliant entity.

Understanding Online Gambling Laws

  • Age Requirement: You must be at least 21 years old to participate in online gambling in VT. OnlineGamblers.com team recommends that people over 25 take part in legal activities.
  • Location Restrictions: Betting is allowed within state borders. Geolocation technology is used to enforce this rule.
  • In-State College Betting Rules: In-state collegiate teams and events, unless participating in a tournament

Recognizing the Importance of Data Security

  • Secure Transactions: Licensed sites use encryption technology to protect your financial and personal data.
  • Privacy Policies: Familiarize yourself with the sportsbook’s privacy policy to understand how your data is used and protected.

Tips for Responsible Gambling

  • Set Limits: Utilize tools provided by sportsbooks to set deposit, wager, and time limits on your gambling activities.
  • Know When to Stop: Be aware of the signs of problem gambling and be willing to step back if gambling ceases to be fun.
  • Seek Help if Needed: Utilize resources like the NCPG
  • Understand the games: Know how the games work and what the odds are.
  • Take breaks: Ensure that you balance gambling with other activities.
  • Don’t chase losses: Accept that losses are part of the game, and don’t try to recover them quickly.

Vermont college sports

Legal and safe online gambling in Vermont offers an exciting and secure way to engage in sports betting.

By choosing licensed operators, understanding the legal nuances, prioritizing data security, and practicing responsible gambling, bettors can enjoy the thrill of the bet while maintaining a safe and enjoyable experience.

College Betting in Vermont

When it comes to in-state collegiate teams and events, there’s a general understanding that unless they’re part of a larger tournament, they often stay within the realm of local support and competition.

This means that while Vermonters may enthusiastically rally behind their hometown college teams during regular season play or local matchups, the spotlight typically shifts to a broader stage when it comes to tournaments and intercollegiate competitions.

This dynamic reflects not only the close-knit nature of collegiate sports within the state but also the broader scope and appeal of tournaments that draw teams and spectators from across regions or even the nation.

Can I Bet on Politics in Vermont?

In compliance with regulations, sportsbooks operating in the United States are unequivocally barred from providing odds on any political market.

This prohibition extends across the industry as a safeguard against potential manipulation or undue influence on political processes.

Additionally, refraining from engaging in political betting aligns with broader ethical considerations and ensures the integrity of both the sports betting industry and the democratic electoral system.

payment methods onlinePayment Options for Vermont Sports Betting

Vermont sports enthusiasts have multiple options to fund their betting accounts, including:

  • Online Bank transfers
  • Debit Card payments
  • PayPal transactions
  • ACH Transfers
  • Venmo transfers
  • Sportsbook Gift Cards

Daily Fantasy Sports (DFS) in Vermont 2024

Vermont has approved Daily Fantasy Sports (DFS) legislation, ensuring basic regulations and consumer protections for its 100,000+ DFS players.

Attorney General William Sorrell’s concerns about DFS operations potentially violating Vermont’s gambling laws spurred lawmakers into action, recognizing the potential tax revenue and aligning with the evolving national gambling landscape.

Fortunately, Vermont’s proactive approach allowed DFS fans to enjoy their favorite pastime without legal repercussions.

Interested residents can participate in daily NFL, MLB, NBA, and NHL fantasy contests.

Betting on Horses in Vermont 2024

Although horse racing is legal in Vermont, the last horse track shuttered its doors in 1992.

Nonetheless, horse racing enthusiasts in Vermont can still enjoy wagering on races through the FanDuel Racing sports betting app.

horse racing

Retail Sports Betting in VT

Vermont sports betting is conducted online, with no physical betting locations available.

This approach emphasizes convenience and accessibility for residents, allowing them to place bets from anywhere with an internet connection.

By embracing online platforms, Vermont provides a safe and regulated environment for sports wagering, with measures to promote responsible gambling and prevent unauthorized access.

This online-only model aligns with industry trends, offering a wide range of betting options and ensuring compliance with regulatory standards while minimizing the social and economic impacts associated with traditional gambling venues.

Online Gambling in Vermont 2024

In the state of Vermont, online gambling is strictly prohibited, with regulations stopping its practice across various forms of online gaming.

However, there exists a narrow exception for pari-mutuel betting on horse racing, which is permitted through authorized platforms.

This means that while most forms of online gambling are off-limits, individuals interested in participating in horse racing wagering activities can do so legally via designated platforms that facilitate pari-mutuel betting.

Sweepstakes Casinos

For an alternative gambling route, sweepstakes casinos offer a creative solution. They provide “sweeps coins,” which you can later turn into actual money, keeping your gaming experience within legal boundaries.

Lotteries in VT

In 1976, Vermont voters approved a state lottery, leading to the establishment of the Vermont Lottery by Public Act No. 82 in 1977.

Initially funded with $250,000, the lottery launched its first game in 1978 and shifted profits to the Education Fund in 1998.

In 2018, legislation was created for the Department of Liquor and Lottery.

Today, the Vermont Lottery brings joy to many players and focuses on responsible gaming while supporting education through its proceeds.

NCPG helpline problem gamblingResponsible Gambling in Vermont

As sports betting continues to expand, so does the recognition of the importance of promoting responsible gambling practices.

Engaging in sports betting should ideally be an enjoyable and innocuous pastime, which it is for most individuals.

Nevertheless, if Vermont sports betting enthusiasts encounter gambling challenges, local resources are available to address and manage these issues.

The Official Vermont Government website provides various online resources, including a guide to recognizing the early signs of problem gambling and support for self-assessment.

These resources aim to assist individuals in identifying and addressing any gambling-related concerns they may have.

Additionally, if you or someone you know is struggling with gambling addiction, support is available. The National Council on Problem Gambling (NCPG) offers resources and a confidential helpline:

The NCPG provides information on responsible gambling and support for individuals and families affected by problem gambling. Remember, seeking help is a sign of strength, and resources are available to guide you towards recovery.

Available self-help resources include:

Yes! Vermont legalized sports betting in June 2023, making it the final New England state to allow online sports betting.

Vermont offers online sports betting, with options including moneyline bets, point spreads, totals (over/under), parlays, prop bets, futures bets, and live bets.

Yes, individuals must be at least 21 years old to participate in sports betting in Vermont.

Vermonters can wager on major sports leagues such as the NFL, NBA, MLB, and NHL, as well as professional sports like golf, tennis, motorsports, soccer, boxing, and mixed martial arts.

Vermont gambling winnings are taxable income, subject to state income tax rates of 6% to 7.25%. Sports wagering is taxed at a rate of 20%.

Yes, you can bet on college sports in Vermont, excluding in-state collegiate teams and events unless they’re part of a larger tournament.

Vermont sports enthusiasts can fund their betting accounts using online bank transfers, debit cards, PayPal, ACH transfers, Venmo, and sportsbook gift cards.

Yes, Vermont has approved DFS legislation, allowing residents to participate in daily contests for NFL, MLB, NBA, and NHL fantasy sports.

Although there are no horse tracks in Vermont since 1992, enthusiasts can still wager on horse races through the FanDuel Racing sports betting app.

The Vermont Lottery, established in 1977, supports education through its proceeds and offers various games. For more information, visit the Vermont Department of Liquor and Lottery website.

1

Online Sports Betting Goes Live in Vermont

Legal online sports betting has arrived in Vermont! Click here to find out more about the sports betting scene and its leading operators.

2

Vermont Launches Online Sports Betting in January 2024

The thrill of Vermont’s legal online sports betting is launching on Jan 11, 2024. Click here to learn more about the full betting options!

3

Vermont and North Carolina Legalize Online Sports Betting

Governor Scott of Vermont and Governor Cooper of North Carolina have signed bills to legalize sports betting in their states. Read here!

Liga Tarasova has a history of quality assurance and leading teams in an outsourcing company. Currently, she is working remotely as an Editor in Chief for Onlinegamblers.com. She stands for fair and safe gambling for people in the USA. Not long ago, she lived in Malta, the global iGaming hub, and worked at an iGaming company offering cloud-based product and platform services to B2B partners. Liga’s passion is visual arts and interior design.