State has contracted with three operators for online wagering
Governor Phil Scott and Department of Liquor and Lottery Commissioner Wendy Knight announced Dec. 12 that online sports wagering will launch in Vermont on Jan. 11, 2024, to coincide with the beginning of the NFL playoffs.
Through a competitive bid process, the Department of Liquor and Lottery selected DraftKings, FanDuel, and Fanatics Sportsbook to operate mobile sports wagering platforms in Vermont.
“I first proposed Vermont legalize sports wagering several years ago, and it’s good to see it come to fruition,” said Governor Scott, who signed a bill legalizing sports betting in June. “Vermonters and visitors alike will soon be able to access a regulated sports wagering marketplace, which will come with important consumer protections and generate revenue for the state.”
In June, Governor Scott signed a bill legalizing online sports wagering and authorizing the Department of Liquor and Lottery to contract with operators to conduct a sportsbook through a mobile platform in Vermont. The bill also provides additional resources to enhance the state’s responsible gaming services.
Each company will pay 31%-33% of their revenue to the state, plus a $550,000 operator fee, according to the law.
The new online sportsbook operation is expected to bring in up to $7 million in new revenue to the state during the first full year of operations.
“We are excited to offer sports enthusiasts the ability to engage in sports wagering in Vermont with three of the industry’s top companies,” said Commissioner Knight.
With contracts fully executed, a pre-registration period opened Dec. 12 allowing the operators to market their brand and pre-register players before the January launch date.
