Vermont Sports Betting
After the PASPA decision eliminated the federal ban on sports betting, many states are moving to regulate the market. In Vermont, virtually all gambling for non-charitable purposes is prohibited. The state of Vermont online sports betting may soon change, though.
Vermont hasn’t been as forward as states like New Jersey or Pennsylvania, that preempted the federal ruling with state bills. Still, there are signs that Vermont is adapting to the times. It was among the first states to legalize and regulate fantasy sports betting.
There are currently a few bills under consideration that would legalize sports betting in Vermont.
- Try Daily Fantasy Sports (DFS) in Vermont
- Most Likely Vermont Sports Betting Sites
- Vermont Betting Laws
- Vermont Online Sports Betting: Events and Betting Markets
- Common Payment Options
- Vermont Casinos
- Final Thoughts on Betting in Vermont
- Vermont Online Sports Betting FAQ
TRY DAILY FANTASY SPORTS (DFS) IN VERMONT
Vermont online sports betting remains illegal. Perhaps paradoxically, DFS betting is completely legal and regulated in the state.
Vermont rushed to legalize daily fantasy sports in 2017, among a wave of similar bills in many states. Multiple state authorities worried about losing online customers across state lines to more favorable legislative climates.
That’s how Vermont became the second state to legalize DFS in 2017 (and the 12th overall). Today, DFS operators are free to offer their services in Vermont, with many notable examples. Prominent operators in the state include Monkey Knife Fight, DraftKings, and FanDuel.
Daily Fantasy Sports
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MONKEY KNIFE FIGHT
Monkey Knife Fight is one of the newer DFS providers on the market, with a creative and innovative offering. This operator has a unique style and a smaller audience of core players. It’s a provider well-suited for new or casual DFS players.
Monkey Knife Fight offers fantasy sports ranging from hockey, tennis, baseball and soccer to football, motor racing, and eSports. It covers leagues and conferences like the NFL, the MLB, the WNBA, and NASCAR.
Monkey Knife Fight accepts players from dozens of US states that have legalized DFS, Vermont included. It’s one of the few forms of legal Vermont online sports betting.
Unlike many DFS providers, it offers intuitive betting options with no salary cap. Players also don’t need to outperform DFS pros to win.
Registration is quick and simple, with an enticing $50 deposit matching bonus for new players. Monkey Knife Fight is backed by TV personality and skater Bam Margera, of early 2000s MTV fame.
MOST LIKELY VERMONT SPORTS BETTING SITES
If Vermont becomes one of the many states currently legalizing online sports betting, several players will enter the market quickly. These include well-established legal DFS providers in the state that already offer sports betting in other states.
Presumably, implementing a Vermont online sports betting platform for these operators would be trivial. If favorable legislation were to pass, they would likely enter the market overnight.
DraftKings is the largest daily fantasy sports betting provider in the United States, with over eight million active customers. DraftKings offers bettors a range of options to win real money betting on the performance of players and teams across several leagues and sports.
These include the NFL, NHL, MLB, NBA, and the PGA, in American leagues. There’s also Premier League and UEFA Champions League soccer, NASCAR motor sports, the Canadial Football League, Professional Tennis, MMA and the XFL.
DraftKings operated in many states that did not allow online sports betting. This was based on the understanding that DFS is a game of skill, not of chance. Also, players can use numbers and statistics to make informed choices, with success depending on their selecting skill.
However, in 2018, DraftKings opened its first official sportsbook in the United States, in New Jersey. Since then, DraftKings has begun handling mobile sports betting in states such as Indiana, Pennsylvania, West Virginia, and New Hampshire.
It’s extremely likely that if Vermont online sports betting is legalized, DraftKings will be among the first Vermont online sportsbooks.
Based in New York City, FanDuel is the second largest DFS provider in the United States, with over 6 million active players. Founded in 2009, it has quickly grown into a titanic force in the DFS betting world.
In 2016, FanDuel was about to merge with DraftKings, but the FTC ruled against the merger. Subsequently, FanDuel was purchased by Irish bookmaker Betfair, commencing a push towards online sports betting.
FanDuel opened its first sportsbook in New Jersey’s Meadowlands Racetrack in July 2018. Shortly thereafter, FanDuel announced a partnership with Scientific Games to provide mobile sports betting through their platform.
This move followed a more amicable attitude in many state legislatures towards sports betting, following the PASPA ruling. FanDuel is aggressively expanding to any state that legalizes sports betting.
If Vermont online sports betting is legalized, FanDuel would definitely be among the first Vermont online sportsbooks to set up shop.
VERMONT BETTING LAWS
Betting in Vermont is strictly prohibited unless the proceeds are destined to charity. This law is applied and enforced in virtually every context where wagers exist. Casino games, slot machines, sports bookmakers; they’re all illegal in Vermont unless they’re for charity.
That said, the legal panorama of Vermont online sports betting has slowly evolved in recent years. Vermont hasn’t kept up the pace of more rapid adopters, such as New Jersey or Pennsylvania. Still, state authorities are open to discussing Vermont online sports betting.
The state proved to be warming up to the notion of betting in 2017, when it legalized daily fantasy sports betting. In doing so, Vermont opened the doors for operators like DraftKings and FanDuel to establish their presence in the Vermont online sports betting market.
A bill currently under review by committee on the Vermont state legislature would legalize and regulate Vermont online sportsbooks.
Bill S. 213, backed by state senators Sears and Sirotkin, would establish a 10% tax on sports betting and DFS, a 10,000$ licensing fee and oversight from the Vermont Board of Liquor and Lottery. If the law were to pass, online sports betting would be totally legal in Vermont.
Updated on : 05/16/2022
VERMONT ONLINE SPORTS BETTING: EVENTS AND BETTING MARKETS
Should Vermont legalize online sports betting in 2021, you can expect many common types of betting markets to open up in the state.
COMMON TYPES OF BETS
The following common types of bets are the likeliest to be available in Vermont, if sports betting is legalized.
- Moneyline bet: Moneyline bets are by and far the most common type of sports bet. In a moneyline bet, each team gets certain odds. You pick the winning team, and your stake is multiplied by the odds you were given. It’s a simple bet, perfect for novices.
- Point spread bet: Point spreads are a more complicated type of sports bet. The objective of point spreads is to balance the odds between two teams. It’s a bet for players with a better understanding of sports betting. The perceived favorite will get a certain number of points subtracted from their total. The underdog will get points added. You win if your pick “beats the spread”, performing better than what the oddsmakers expected.
- Over/under bet: Also known as betting on totals, over/under bets depend on what the final score of the match is. You bet on whether a team will finish the under, above or exactly at the score quoted by oddsmakers. It’s a relatively simple bet, with a lot of potential nuance.
- Handicap bet: Handicap betting is very similar to point spread betting. The main difference between the two is that point spreads are meant to balance a match. Handicaps, on the other hand, are simply meant to diversify betting options available to players. A match may offer different odds for several different team handicaps.
- Special bet: Special bets include very specific events in matches. They include the first team to score, specific players to score, and scoring before specific times.
- Parlay bet: Parlay bets combine multiple different bets into a single ticket, with potentially huge payouts.
MOST POPULAR SPORTS TO BET ON
If Vermont online sports betting is legalized, we’re likely to see the following sports available at online bookmakers:
- National Football League
- Major League Baseball
- National Basketball Association
- National Hockey League
- Women’s National Basketball Association
- Premier League Soccer
- UEFA Champions League Soccer
- World Cup Soccer
- Professional Tennis
- Professional Boxing/MMA
- Horse racing
- NASCAR and Formula 1 motor racing
POPULAR VERMONT EVENTS
The state of Vermont hosts many different sporting events. Some are hosted only occasionally, alternating with other states, while others are annually hosted in VT.
- Vermont 100 Mile Endurance Run: Annual ultramarathon event where participants can run alongside horses (on separate, contiguous trails).
In the past, Vermont has hosted several major sporting events, such as:
- 1997 3 Nations Cup
- 2003 American East Conference Baseball Tournament
- 2005 American East Conference Baseball Tournament
- 2006 American East Conference Baseball Tournament
- 2009 International Quidditch Association World Cup III
- 2012 IIHF Women's World Championship
- 2013 NCAA Skiing Championships
BEST TEAMS TO BET ON
Vermont has multiple professional and college sports teams across multiple disciplines.
- Vermont Bucks: Indoor football team in the Can-Am Indoor Football League, based in St. Albans.
- Vermont Catamounts Soccer: Men’s soccer team. NCAA Division I. Based in Burlington.
- Green Mountain Roller Derby: Women's Flat Track Derby Association. Based in Green Mountain.
- Vermont Catamounts Hockey: NCAA Division I ice hockey. Based in Burlington.
- Saint Michael's Purple Knights: NCAA I/II skiing and hockey, NCAA II baseball, basketball and others. Based in Colchester.
COMMON PAYMENT OPTIONS
There are many payment options commonly available in online casinos and sportsbooks. Potential Vermont operators will likely offer the following payment methods:
- Facebook Pay
Current Vermont legislation prohibits all forms of betting. There are currently no Vermont online sports betting websites or online casinos. The law is, at the moment, quite restrictive, and any sort of gambling not for the purpose of charity is strictly illegal.
That said, things may be changing in the Green Mountain state. If bill S 213 makes it through the floor of the legislature, online casinos and sportsbooks will be legal through the state. Mobile wagering will also be legalized and regulated, with set taxes, fees and oversight.
There is tremendous competition among online casinos in virtually every legal market they can access. If Vermont joins the ranks of states enacting pro-gambling reforms, a wave of online casinos would open their doors.
The law would put all casino, sportsbook, and DFS betting activity under the purview of the Board of Liquor and Lottery. A 10% tax and a $10,000 licensing fee would put funds back into the community.
Even though Vermont online casinos are not legal yet, the demand for them is high. The best online casino brands such as BetMGM, Caesars casino, and DraftKings are available for all players wishing to play online in a neighboring state.
Casino games include slots, roulette, blackjack, poker, and baccarat, among others. The online sportsbooks feature many different sports that players can wager on. All products are accessible through the operators’ websites or mobile apps.
FINAL THOUGHTS ON BETTING IN VERMONT
After many years of virtual nonexistence, Vermont online sports betting may be on the brink of legalization. With the momentum borrowed from the daily fantasy sports legalization wave and the PASPA ruling, every state is pondering its options.
Vermont currently has a bill under committee review regarding Vermont online sports betting. It’s only a matter of time before this bill, or any other bill, legalizes the activity in the state. At that point, the floodgates will open, and numerous operators will enter the market.
VERMONT ONLINE SPORTS BETTING FAQ
The following are some of the most common questions from players regarding Vermont online sports betting.
ARE SPORTS BETTING SITES LEGAL IN THE UNITED STATES?
It all depends on the state that you’re located in (and what you mean by sports betting websites). Daily fantasy sports betting websites are legal in most of the United States, classified as games of skill, not chance.
On the other hand, after the Supreme Court struck down the federal sports betting ban in 2018, states like Pennsylvania and New Jersey have fully legalized and regulated sports betting websites in general. This provoked several operators in popping up in the following months.
WHAT DO I NEED TO REGISTER AT AN ONLINE BETTING SITE IN VERMONT?
Right now, you need to wait. There are currently no legal sports betting websites in Vermont. Should the law change, though, Vermont online sports betting websites will likely have similar requirements to operators from other states.
These include providing your personal and contact information, last digits of your SSN, and being physically located in the state of Vermont. Players will likely have to be over 18 or 21 years old. It’s possible that new mobile accounts may need to register at retail locations.
IS IT SAFE TO DEPOSIT MONEY AT SPORTS BETTING SITES IN VERMONT?
Currently, you can’t deposit money at any sports betting sites in Vermont. There’s no legal Vermont online sports betting. No legitimate operators would currently take your money as a Vermont player.
However, when, and if, the legal situation changes, any licensed operator should be perfectly safe for depositing your money. The Vermont Board of Liquor and Lottery would oversee their operations and handle any complaints or violations.
CAN I SET BETTING LIMITS?
Absolutely. Virtually all licensed and regulated online bookmakers and casinos offer betting limits. Players can set limits for themselves to pace their play to whatever level they’re comfortable with.