Vermont Sports Betting: A Comprehensive Guide

Vermont has finally joined the growing list of states that have legalized sports betting. On October 19, 2022, Governor Phil Scott signed H.913 into law, allowing for retail and online sports betting in the state.

How to Bet on Sports in Vermont

There are two ways to bet on sports in Vermont:

1. Retail sportsbooks: These are physical locations where you can place bets in person. There are currently two retail sportsbooks in Vermont:

   

   • DraftKings Sportsbook at the DraftKings at Catamount Sports Bar in South Burlington
   • FanDuel Sportsbook at the Hotel Vermont in Burlington

2. Online sportsbooks: These are websites or mobile apps where you can place bets remotely. There are currently six online sportsbooks licensed to operate in Vermont:

   • Barstool Sportsbook
   • BetMGM
   • BetRivers
   • DraftKings Sportsbook
   • FanDuel Sportsbook
   • PointsBet

What Sports Can You Bet On?

You can bet on a wide variety of sports in Vermont, including:

• Baseball
• Basketball
• Boxing
• Football
• Golf
• Hockey
• MMA
• NASCAR
• Soccer
• Tennis

How to Choose a Sportsbook

When choosing a sportsbook, you should consider the following factors:

• Reputation: Make sure the sportsbook is licensed and regulated by a reputable authority.
• Odds: Compare the odds offered by different sportsbooks to find the best value.
• Variety of bets: Choose a sportsbook that offers a wide variety of bets, including point spreads, moneylines, and over/unders.
• Bonuses and promotions: Many sportsbooks offer bonuses and promotions to new and existing customers.
• Customer service: Make sure the sportsbook has a good customer service team that can help you with any questions or problems.

Responsible Gambling

Sports betting can be a fun and exciting way to add some extra excitement to your favorite games. However, it's important to remember that sports betting is a form of gambling, and there is always the potential to lose money.

Here are some tips for responsible gambling:

• Set a budget and stick to it.
• Only bet what you can afford to lose.
• Don't chase your losses.
• Take breaks from betting regularly.
• If you're struggling with gambling addiction, get help.

Vermont Sports Betting Revenue

According to the Vermont Department of Liquor and Lottery, sports betting has generated $10.2 million in revenue for the state since it was legalized in October 2022. Of this revenue, $7.3 million came from online sports betting and $2.9 million came from retail sports betting.

Benefits of Vermont Sports Betting

There are a number of benefits to legalizing sports betting in Vermont, including:

• Increased revenue for the state: Sports betting can generate significant revenue for the state, which can be used to fund important programs and services.
• Job creation: The sports betting industry can create new jobs in the state, including jobs at retail sportsbooks, online sportsbooks, and gaming companies.
• Economic development: Sports betting can help to boost the state's economy by attracting new businesses and visitors.
• Convenience for bettors: Legalizing sports betting gives Vermonters a convenient and safe way to bet on their favorite sports.

Stories and Lessons Learned

Here are three stories that illustrate the benefits and risks of sports betting:

Story 1:

A Vermont man named John bet $100 on the New England Patriots to win the Super Bowl. The Patriots won, and John won $500. John used his winnings to pay off some debts and buy a new car.

Lesson: Sports betting can be a great way to win some extra money. However, it's important to remember that sports betting is a form of gambling, and there is always the potential to lose money.

Story 2:

A Vermont woman named Mary bet $50 on the New York Yankees to win the World Series. The Yankees lost, and Mary lost her $50. Mary was disappointed, but she didn't let it ruin her day. She knew that sports betting is a form of entertainment, and she was willing to accept the risk of losing money.

Lesson: It's important to set a budget and stick to it when betting on sports. Only bet what you can afford to lose.

Story 3:

A Vermont man named Bob got addicted to sports betting. He would bet large sums of money on games, and he would often lose. Bob's gambling addiction eventually led to financial ruin. He lost his job, his house, and his family.

Lesson: Gambling addiction is a serious problem. If you think you may have a gambling problem, get help.

Why Vermont Sports Betting Matters

Vermont sports betting matters because it has the potential to generate significant revenue for the state, create jobs, and boost the economy. It also gives Vermonters a convenient and safe way to bet on their favorite sports.

How Vermont Sports Betting Benefits Vermonters

Vermont sports betting benefits Vermonters in a number of ways, including:

• Increased revenue for the state: Sports betting can generate significant revenue for the state, which can be used to fund important programs and services.
• Job creation: The sports betting industry can create new jobs in the state, including jobs at retail sportsbooks, online sportsbooks, and gaming companies.
• Economic development: Sports betting can help to boost the state's economy by attracting new businesses and visitors.
• Convenience for bettors: Legalizing sports betting gives Vermonters a convenient and safe way to bet on their favorite sports.

FAQs

1. Is sports betting legal in Vermont?

Yes, sports betting is legal in Vermont for people aged 21 and over.

2. How old do I have to be to bet on sports in Vermont?

You must be at least 21 years old to bet on sports in Vermont.

3. Where can I bet on sports in Vermont?

You can bet on sports in Vermont at retail sportsbooks or online sportsbooks.

4. What sports can I bet on in Vermont?

You can bet on a wide variety of sports in Vermont, including baseball, basketball, boxing, football, golf, hockey, MMA, NASCAR, soccer, and tennis.

5. How do I choose a sportsbook?

When choosing a sportsbook, you should consider the following factors:

• Reputation
• Odds
• Variety of bets
• Bonuses and promotions
• Customer service

6. Is sports betting safe?

Yes, sports betting is safe in Vermont. All sportsbooks licensed to operate in the state are regulated by the Vermont Department of Liquor and Lottery.

7. Can I win money betting on sports?

Yes, you can win money betting on sports. However, it's important to remember that sports betting is a form of gambling, and there is always the potential to lose money.

8. What should I do if I have a gambling problem?

If you think you may have a gambling problem, get help. There are a number of resources available to help you, including the Vermont Council on Problem Gambling.

Conclusion

Vermont sports betting is a great way to add some extra excitement to your favorite games. However, it's important to remember that sports betting is a form of gambling, and there is always the potential to lose money. By following the tips in this article, you can help to ensure that you have a safe and enjoyable sports betting experience.

Tables

Table 1: Vermont Sports Betting Revenue

Table 2: Vermont Online Sportsbooks

Table 3: Vermont Retail Sportsbooks