Online sports betting in Vermont is live! This comprehensive guide equips you with essential information about Vermont’s sports betting scene, covering legal nuances, premier sportsbooks, bonus opportunities, and responsible gambling practices.
Vermont sports betting legal framework and launch details
Date of launch
Vermont welcomed legal sports betting on January 11, 2024, coinciding with the NFL playoff season. This development followed Governor Phil Scott’s endorsement of the Vermont sports betting bill, H.127, on June 14, 2023.
Regulatory oversight
The Vermont Department of Liquor and Lottery is the principal regulatory authority for sports betting in the state.
Licensing and fiscal policies
- Online sportsbooks: Vermont plans to issue between two and six online sportsbook licenses via a competitive bidding process.
- DraftKings, FanDuel, and Fanatics are the first three sports betting operators to enter the Vermont market.
- License fee: A $500,000 fee is required for the initial license.
- Revenue tax: Operators will be subject to a 20% tax on revenue.
Key regulations and limitations
- Minimum age: Bettors must be 21 years or older.
- Geographic restrictions: Betting is restricted to individuals within Vermont’s borders.
- Sports options: Explore Vermont’s wide range of sports betting markets.
- College sports betting: Restrictions apply to Vermont college teams, barring out-of-state tournament bets.
- Payment limits: Credit card use for funding online betting accounts is prohibited.
Top Vermont sports betting platforms and launch promos
FanDuel Vermont
- VT Promo from FanDuel: Win any $5 bet, get $150 in bonus bets.
- Highlights: FanDuel Vermont is known for its user-friendly interface and extensive market coverage, as well as competitive odds.
- Claim the FanDuel Vermont promo code offer for pre-launch here
DraftKings Vermont
- VT Launch Promo from Draftkings: Bet $5, get $150 in bonus bets, win or lose.
- Highlights: Strong live betting features, excellent player props.
- Claim the DraftKings Vermont promo code offer for pre-launch here
Types of Vermont sports betting bonuses and promotions
Vermont sports bettors can expect promotions like these for the foreseeable future:
- New-user offers: Attractive deals from FanDuel and DraftKings are the perfect example of new user promotions in Vermont.
- Existing-user offers: After signing up with sportsbooks, you can claim existing-user promotions such an enhanced odds in the “promos” tab of the applicable sportsbook’s website.
Responsible gambling
Responsible gambling is a high priority in VT. In line with Vermont’s legislation, sports betting operators must present a Responsible Gaming Plan. This includes self-exclusion programs and player-set limits to promote safe and responsible betting.
Signs of problematic gambling
Problematic gambling can manifest in various ways, and it is essential to be vigilant about recognizing potential warning signs. If you notice any of the following indicators, it may be an indication of problematic gambling:
- Negative impacts: Your gambling activities lead to negative consequences in your personal, professional, or financial life, which may extend to your relationships, work performance, or personal well-being.
- Financial desperation: Engaging in desperate measures to acquire funds for gambling, such as borrowing money or resorting to illegal activities.
- Neglecting responsibilities: Prioritizing gambling over your responsibilities to family, work, or other important aspects of your life. This can result in strained relationships and a decline in overall functioning.
- Financial instability: Gambling with money allocated for essential needs, such as rent, bills, or savings, compromising your financial stability and overall well-being.
- Past history: A history of addictive behavior or mental health issues that may predispose someone to developing a gambling problem.
- Dishonesty and secrecy: Lying, being deceitful, or engaging in secretive behavior about your gambling activities to family, friends, or loved ones.
- Emotional distress: Using gambling as a means of escaping from personal problems or to alleviate emotional distress.
- Illusion of income: Viewing gambling as a source of income rather than recognizing it as a form of entertainment.
- Consistent urge to gamble: Feeling an ongoing compulsion to gamble, experiencing restlessness or irritability when unable to do so.
- Anxiety and preoccupation: Persistent thoughts about gambling, preoccupation with betting-related activities, and an overall increase in anxiety when not engaged in gambling.
Resources for gambling problems
Recognizing the need for assistance and seeking support is an essential step in addressing gambling-related issues. The following resources are available to help individuals dealing with gambling problems:
- National Council on Problem Gambling (NCPG): The NCPG offers valuable resources, including a helpline (1-800-522-4700), screening tools, state-specific guides, and a comprehensive list of gambling resources.
- Gamblers Anonymous (GA): GA provides a supportive community through its twelve-step program for individuals struggling with gambling addiction. In-person, virtual, and phone meetings are available across the United States.
- Professional help: Consulting with a licensed psychologist or mental health professional experienced in treating gambling-related issues can provide personalized support and guidance.
- Self-exclusion: Self-exclusion programs allow individuals to voluntarily exclude themselves from gambling in certain states, or at certain institutions. Self-exclusion has proven to be effective in some, but not all cases of gambling disorder.
Conclusion
The launch of sports betting in Vermont represents a major step in the state’s gambling landscape. As the launch approaches, this guide will remain updated with the most recent information, ensuring that Vermont bettors are well-prepared and approach sports betting with knowledge and responsibility. Remember, you can still claim the Vermont sports betting pre-launch promos currently available with the buttons below.
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