{"id":10976,"date":"2024-01-10T12:56:18","date_gmt":"2024-01-10T20:56:18","guid":{"rendered":"https:\/\/wagers.com\/staging\/4285\/?p=10976"},"modified":"2024-01-10T12:56:20","modified_gmt":"2024-01-10T20:56:20","slug":"fanduel-draftkings-lead-vermonts-online-betting-debut","status":"publish","type":"post","link":"https:\/\/wagers.com\/staging\/4285\/news\/fanduel-draftkings-lead-vermonts-online-betting-debut\/","title":{"rendered":"FanDuel, DraftKings Lead Vermont’s Online Betting Debut"},"content":{"rendered":"\n

The Green Mountain State<\/strong> is on the cusp of a significant development in its gaming industry. On January 11, 2024<\/strong>, Vermont is set to embrace the digital age of gambling<\/strong> by launching its online sports betting platforms<\/a>. This move comes after years of legislative efforts and studies on the potential benefits of sports betting for the state. Vermonters<\/strong> and sports enthusiasts alike are gearing up for a new era of gaming, with a host of promotions and bonuses<\/a> to kick off the excitement.<\/p>\n\n\n\n

Vermont’s Online Sports Betting Landscape<\/h2>\n\n\n\n

At midnight on January 11<\/strong>, Vermont will officially open<\/a> the virtual doors to its online sports betting market. This long-awaited launch is the culmination of a four-year legislative journey, which included comprehensive studies on sports betting’s impact and the establishment of regulatory frameworks. The state’s Department of Liquor and Lottery<\/strong> has been at the forefront, ensuring a responsible and well-regulated rollout of the industry.<\/p>\n\n\n\n

The Starting Lineup of Sportsbooks<\/h2>\n\n\n\n

Three major players are poised to enter the Vermont online sports betting scene: FanDuel<\/a>, DraftKings<\/a>, and Fanatics Sportsbook<\/strong>. These industry giants have been granted the green light to operate, with the potential for up to three more licenses to be awarded in the future. While BetMGM<\/a> and ESPN Bet<\/strong> were also in the running, their participation was hindered by regulatory hurdles, leaving the initial lineup at three.<\/p>\n\n\n\n

Welcoming Offers and Bonuses<\/h2>\n\n\n\n

To mark this historic launch, the sportsbooks are rolling out a series of enticing welcome offers and promotions. FanDuel Sportsbook is leading the charge with a welcome offer that turns a $5 initial wager into $200 in Bonus Bets<\/strong>. They’re also providing an Early Sign Up Special<\/strong>, adding an extra $100 in Bonus Bets for those who register ahead of the launch.<\/p>\n\n\n\n

DraftKings Sportsbook isn’t far behind, with a pre-live offer of $200 in Bonus Bets<\/strong> for early sign-ups. Their multi-part welcome package includes deposit match bonuses and bonus bets, totaling up to $1,250 in value. BetMGM Sportsbook is expected to introduce a Bet $5, Get $158<\/strong> in Bonus Bets promotion upon its Vermont debut.<\/p>\n\n\n\n

Betting Catalog and Restrictions<\/h2>\n\n\n\n

The sports betting catalog in Vermont is extensive, covering professional sports leagues like the NFL<\/strong>, NBA<\/strong>, NHL<\/strong>, MLB<\/strong>, and esports<\/strong>, among over 70 sports<\/strong>. However, the state has drawn clear lines on what’s off-limits: betting on in-state NCAA teams is prohibited unless it’s a postseason tournament, and wagering on high school sports and events involving athletes under 18 is banned.<\/p>\n\n\n\n

Responsible Gaming and Revenue Distribution<\/h2>\n\n\n\n

Vermont is committed to promoting responsible gaming<\/strong>, with self-exclusion programs readily available for those who wish to opt-out of betting. The state has also outlined a revenue-sharing plan, with sportsbook operators contributing at least 20% of their adjusted gross revenue to the state<\/strong>. This revenue will support various state funds, including the Department of Health\u2019s problem gambling fund and the Department of Liquor and Lottery.<\/p>\n\n\n\n

The Road Ahead<\/h2>\n\n\n\n

As Vermonters prepare to dive into the world of online sports betting, the excitement is palpable. With the NFL Playoffs<\/a> on the horizon, the timing couldn’t be better for sports fans. The state is also looking forward to a significant boost in tax revenue, with officials aiming to bring in $7 million<\/strong> in the first full year.<\/p>\n\n\n\n

How to Get Started<\/h2>\n\n\n\n

For those eager to get in on the action, signing up is straightforward. Users can download the respective sportsbook apps<\/strong> or visit their websites to create an account. Welcome bonuses and promotions are typically claimed by signing up through provided links or entering promo codes<\/strong> during registration. It’s important to note that terms and conditions apply to all offers, so bettors should read the fine print carefully.<\/p>\n\n\n\n

Embracing the Future<\/h2>\n\n\n\n

Vermont’s entry into online sports betting is a landmark moment for the state. It represents a modern approach to gaming and entertainment, providing a regulated and safe environment<\/strong> for residents to engage in sports betting. As the industry takes off, Vermont is set to become a key player in the New England sports betting<\/strong> market, offering a dynamic and responsible platform for sports enthusiasts.<\/p>\n\n\n\n

In conclusion, the launch of online sports betting in Vermont is a game-changer for the state’s gaming landscape. With top-tier sportsbooks ready to go live, and a suite of promotional offers on the table, the stage is set for a thrilling new chapter in Vermont’s sports and entertainment scene. As the clock ticks down to the launch, the anticipation builds for what promises to be a momentous occasion for bettors and the state alike.<\/p>\n","protected":false},"excerpt":{"rendered":"

Vermont launches online sports betting on Jan 11, 2024, with top sportsbooks offering exciting bonuses. Get ready for a new gaming era!<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[324],"tags":[],"class_list":["post-10976","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/10976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/comments?post=10976"}],"version-history":[{"count":1,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/10976\/revisions"}],"predecessor-version":[{"id":10977,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/10976\/revisions\/10977"}],"wp:attachment":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/media?parent=10976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/categories?post=10976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/tags?post=10976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}