Last year the Supreme Court overturned a law that placed a federal ban on sports betting. This ruling has given states the ability to legalize sports betting, both online and at retail locations (casinos).
Is Sports Betting Legal in Vermont?
No, sports betting is currently not legal in Vermont. There are two bills in Congress focused on creating a Sports Betting Study Committee, and another bill that would legalize sports wagering. Residents of the Green Mountain State could see legal sports betting as early as 2021 if legislation gets passed in 2020.
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What Would Legal Sports Betting Look Like in Vermont?
Bill H 484 would legalize sports wagering at retail locations (casinos), as well as online. The Department of Liquor and Lottery is set to oversee sports wagering. The department would be able to issue licenses to sports wagering operators, who would have the ability to operate three online skins. Under this structure, a casino could partner with BetStars, 888sport, and SgarHouse to offer sports betting online. All taxes collected from sports betting will go towards the General Fund. Operators would pay a variable tax that is based on their gross revenue and ranges from 3.5% to 6.5%.
Under H 484 wagering on high school sports, e-Sports, any collegiate sport played in Vermont, or any Vermont-based collegiate teams are prohibited. While Vermont doesn't have any major-market sports teams, these prohibitions (except for high school sports) will be a loss of revenue for the state.
Is Online Gambling Legal in Vermont?
With sports betting and online poker illegal in the Green Mountain State, there are few online gambling options available.
Are daily fantasy sports legal in Vermont?
Daily Fantasy Sports, or DFS, is a cross between fantasy football and legalized gambling. On a broad level, DFS contests are a subsection of fantasy sports. Players compete against their friends, or more often strangers to build a team of professional athletes under a given salary cap, and try and to outscore their opponents. Daily fantasy sports differ from traditional fantasy sports by having contests that last for an evening or the weekend, as opposed to having the same team for months.
Are offshore sportsbooks legal in Vermont?
No, offshore sportsbooks such as Bovada are not legal in Vermont. Offshore sportsbooks do accept residents of Vermont as clients. Although BettingBuck always recommends betting with legal sportsbooks, we do review a handful of offshore sites like Bovada, 5Dimes, and MyBookie.
Does Vermont have an online lottery?
No, the Vermont Lottery does not offer online games.