Is betting legal in Vermont?
Sports betting is not legal in Vermont. While there have been four attempts to legalize it since 2018, none have yet been successful. However, SB 59 passed the Senate in 2020, showing lawmakers are interested in legalizing wagering.
Who would govern sports betting in Vermont?
The Vermont Board of Liquor and Lottery will likely regulate sports betting if legalized in VT. However, this is still up for discussion, with some proposals envisioning an entirely new sports betting regulator.
How old would you have to be to bet in Vermont?
Most states in the US have a minimum age of 21, and previous Vermont sports betting legislation has matched this. However, the current minimum gambling age for the lottery in VT is 18 or older.
When will sports betting launch in Vermont?
The earliest sports betting can be legalized in Vermont is 2023, when the Vermont Legislature reconvenes. If any legislation passes in 2023, the state’s regulatory body will need time to create the licensing process, and sportsbooks will need to be set up in the state. A launch could come in late 2023 or 2024.
Where will I be able to bet on sports in Vermont?
The most recent sports betting bills have suggested an online-only market in Vermont so you can wager anywhere. There are no casinos in the Green Mountain State, and a retail sports wagering market is unlikely to launch.
Would sportsbooks in Vermont be safe?
Vermont sportsbooks would be safe and overseen by an official regulator. This regulator would be responsible for ensuring every betting site delivers a high standard of player safety and financial support before it can launch in the state.
Would I have to pay taxes on betting winnings in Vermont?
Yes, all gamblers in the US need to pay taxes on betting winnings to the IRS. You must report any winnings over $600 by filling in a W-2G form. You also need to include your gambling winnings in your state income tax, which ranges from 3.35% to 8.75%.
Can you play DraftKings in Vermont?
No, you can’t use DraftKings Sportsbook in Vermont. However, you can play Daily Fantasy Sports (DFS) games. You can also visit neighboring New Hampshire, where the betting site is the state’s exclusive betting operator. DraftKings is also available in New York.
Can you play FanDuel in Vermont?
You can’t use FanDuel to bet in Vermont but can play its Daily Fantasy Sports (DFS) games. If you want to wager with the operator, you can visit New York and wager with its app. Alternatively, you can go to the retail sportsbook at Tioga Downs Casino.
Can you play BetMGM in Vermont?
BetMGM is not available in Vermont because sports betting is illegal. However, BetMGM is an option for anyone visiting New York anywhere within the state's borders.
Can you play Caesars in Vermont?
You can't use Caesars Sportsbook in Vermont, as sports betting is illegal. However, Caesars is prominent in neighboring New York, with an online sportsbook and three retail betting locations.
Can you play TwinSpires in Vermont?
Yes, you can use TwinSpires to wager on horse racing online. However, the brand’s online sportsbook is not available in VT.
Which sportsbooks will be available in Vermont in the future?
No sportsbooks have declared a public interest in Vermont, but DraftKings is a favorite to launch as it operates Daily Fantasy Sports (DFS) in the state and is the exclusive betting partner for neighboring New Hampshire. FanDuel also runs its DFS games in VT and would likely go live.