Vermont Set to Launch Mobile Sports Betting in Early 2024

This initiative places Vermont among the nearly three dozen states that have legalized online sports betting.

Selection of Operators and Legislative Background

The Vermont Department of Liquor and Lottery has chosen DraftKings, FanDuel, and Fanatics Sportsbook to operate the state’s mobile sports wagering platforms.

Governor Scott, who has been a proponent of legalizing sports wagering for several years, expressed satisfaction with the realization of this initiative. He signed the bill legalizing online sports betting in Vermont in June.

A key aspect of this development is the emphasis on consumer protection and responsible gaming. The Department of Liquor and Lottery, in collaboration with the Department of Mental Health, will annually report to the Legislature on the impact of sports betting on problem gambling. Additionally, operators are required to submit a responsible gaming plan to the state, including details on problem gambling materials, resources for bettors, player limits, and self-exclusion programs.

Governor Scott anticipates that sports betting operations could generate up to $7 million in revenue for Vermont during its first full year.

Department of Liquor and Lottery’s Role

Wendy Knight, Commissioner of the Department of Liquor and Lottery, expressed enthusiasm about offering sports wagering in Vermont, partnering with leading companies in the industry. She highlighted the opportunity for sports fans to engage in wagering activities responsibly.

To facilitate a smooth launch, a pre-registration period begins immediately, allowing the operators to engage in marketing activities and pre-register players ahead of the January launch.

Our Comment on the Article

Vermont’s move to legalize and launch mobile sports betting is a significant step in the state’s gaming industry, aligning with a growing trend across the United States. The inclusion of prominent operators like DraftKings, FanDuel, and Fanatics Sportsbook ensures a competitive and high-quality betting experience for users.

The emphasis on responsible gaming and the annual reports on gambling’s impact reflect a thoughtful approach to mitigating potential negative consequences. This balance of economic benefit with social responsibility is crucial for the sustainable growth of the sports betting industry.

Furthermore, the expected revenue generation highlights the economic potential of sports betting as a source of state income, which could be reinvested in various public sectors. Vermont’s entry into the mobile sports betting market represents not just a new entertainment avenue for sports fans but also a strategic economic move.