Vermont's venture into online sports betting commenced on January 11th, with DraftKings, Fanatics, and FanDuel actively accepting wagers.
The legalization of sports betting in Vermont received approval from Governor Phil Scott in June 2023, subsequent to legislative endorsement. The Department of Liquor and Lottery designated DraftKings, FanDuel, and Fanatics Sportsbook as the authorized operators for sports betting within the state. While the launch dates for DraftKings and FanDuel were anticipated on the same day, Fanatics had initially planned for a later opening. However, all three sportsbooks are now live and accessible online.
Wendy Knight, the Lottery Commissioner, reported that within the initial 12 hours of sports betting availability, approximately 7,000 individuals completed full registrations across all three platforms. During this period, the total wagers averaged around $15,000 per hour.
Knight further noted that mobile betting is projected to yield approximately $7 million in revenue for the state within its inaugural year of operation. The promising start with high registration numbers and hourly wagering suggests a robust beginning for Vermont's online sports betting industry.
Here are some additional facts related to sports betting in Vermont:
Limited Payment Options: Certain Vermont betting sites do not accept deposits made via credit cards.
Age and Location Restrictions: Online bettors in Vermont must be at least 21 years old. Additionally, individuals placing bets online must be physically located within the state.
Scope of Betting: Vermont permits betting on both professional and college sports. However, wagering on local university or college games held within the state is not allowed.
These details provide a more comprehensive overview of the specific regulations and conditions governing sports betting in Vermont, including restrictions on payment methods, age requirements, and limitations on certain types of sporting events within the state.
Wow, it's fascinating to see Vermont embracing online sports betting with such enthusiasm. The rapid registration numbers and hourly wagering figures are certainly promising indicators of a thriving industry. The additional facts about payment options, age restrictions, and the scope of betting provide a comprehensive understanding of the regulations and conditions in place for online sports betting in Vermont. Thanks for sharing!
I see Vermont's move into online sports betting as promising for revenue and entertainment. Yet, I'm cautious about the potential risks, hoping regulations adequately address concerns like addiction. I'm hapeful about its impact but mindful of the need for responsible gambling measures
I'm very excited about the projected revenue of $7 million from mobile betting in the first year. It's not just about the thrill of the game, it's about the positive impact this industry can have on the state's economy. 😀😎
Absolutely, the development in Vermont's online sports betting scene is quite intriguing, reflecting a proactive approach from the state in embracing this industry. The reported statistics about registration numbers and wagering rates shed light on the initial traction it's gaining. Moreover, the additional details about payment options and betting scope offer a nuanced understanding of the regulatory framework shaping this emerging market in Vermont.
Hi! as a player interested in sports betting, these additional details about the regulations and conditions in Vermont provide valuable insights into what to expect when engaging with online betting platforms in the state. since limitation on credit card deposits is something I need to consider when funding my betting account. While it may restrict my payment options, understanding this beforehand allows me to explore alternative deposit methods and plan accordingly to ensure a seamless betting experience. 🙂