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
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.
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.
States where you can already place an online sports bet today :
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Vermont Online Sports Betting: Events and Betting Markets
Should Vermont legalize online sports betting in 2020, 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.
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:
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.
In the past, Vermont has hosted several major sporting events, such as:
Best Teams to Bet On
Vermont has multiple professional and college sports teams across multiple disciplines.
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:
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.
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.