As the 2024 NFL playoffs approach, Vermont is gearing up to introduce a new dimension to the sports experience. Starting Thursday, the state is set to launch a regulated online sports betting system, aligning with the majority of states that have embraced this trend.
On Jan. 11, prominent sportsbooks DraftKings, Fanatics, and FanDuel are slated to begin accepting wagers from eligible Vermont residents. This launch is poised to coincide with the anticipated timeline and capitalize on the upcoming NFL postseason excitement.
Trio of Sports Betting Apps Poised for Vermont Launch
Vermont’s Dept. of Liquor and Lottery (DLL) was authorized to grant between two and six licenses through a competitive process, ultimately selecting three: DraftKings, Fanatics, and FanDuel. These are among the most recognized sportsbook names nationwide.
Details about potential introductory offers from DraftKings, Fanatics, and FanDuel for Vermont customers are still under wraps but should be announced shortly. These sportsbooks are expected to start operations in Vermont just after midnight on Thursday.
For Vermont residents, engaging with these apps should be straightforward and hassle-free. However, there are several important considerations to keep in mind before the apps become operational on Jan. 11.
Draft Kings & FanDuel & Fanatics
Getting Set Up with a Vermont Sportsbook App
Legal online sports betting, governed by federal and state laws, stipulates that each bettor must have an individual account and limit it to one per sportsbook. Additionally, Vermont mandates a minimum age of 21 for bettors.
To register, download the respective app for your Android or iOS device. Once installed, follow the instructions to set up your account.
If you’re already a user of these apps in another state, you can log in with your existing credentials in Vermont. You need to register separately for each different sportsbook you wish to use in the state.
The sportsbooks are required to verify your identity for compliance with anti-money laundering and age verification regulations. This will involve providing your full legal name, date of birth, Social Security Number, and other personal details.
Once your account is set up, you’ll need to deposit funds to start betting. This might be the moment when sportsbooks present you with bonuses, so keep an eye out for any relevant emails or notifications.
Maximizing Benefits from Your Initial Sportsbook Deposit
It’s always wise to thoroughly understand the terms of any online betting offer. This ensures you’re aware of what the deal entails and how to get the most value for your money. Notably, Vermont prohibits the use of credit cards for sportsbook deposits.
Typical promotions include deposit matches and insurance on initial bets. Deposit matches involve the sportsbook adding bonus funds to your account based on your deposit amount and other criteria.
“Bonus bets” offer a second chance if your first wager results in a loss. Generally, if your initial bet doesn’t win, the sportsbook will credit your account up to a specified limit.
It’s crucial to understand that bonus funds are usually not the same as cash. They often come with wagering requirements, meaning you must bet them successfully before they can be withdrawn as cash.
Moreover, winnings from bets made with bonus funds typically exclude the original stake, only including the profits. Some offers also have time limitations, like a specific period during which the bonus funds are valid.
Each sportsbook will have its own specific conditions for these offers. One of the advantages of state launches like Vermont’s is the opportunity to explore various offers. In fact, registering with all three apps could be beneficial, allowing you to leverage multiple promotions.
Vermont’s Limitations on College Sports Betting
In Vermont, when you access sports betting apps like DraftKings, Fanatics, or FanDuel, you’ll typically notice an absence of betting options for University of Vermont sports events. This is due to Vermont’s legal restrictions on such activities.
The state’s laws prohibit bets on local college teams except in a specific scenario: when they participate in a tournament featuring at least four teams. While regular-season games are excluded from betting, postseason tournaments open the door for legal wagers.
For instance, should the Catamounts secure a spot in March Madness, these sportsbooks are expected to provide betting opportunities for their tournament games. Apart from this exception, Vermont offers a wide array of betting options on popular sports from North America and around the globe.
As Vermont embraces legal online sports betting, a key factor is the emphasis on responsible gambling. The available betting apps come equipped with various tools to support and promote responsible betting practices.
Vermont’s foray into online sports betting, marked by the Jan. 11 launch of DraftKings, Fanatics, and FanDuel, is a significant step aligning with the nationwide trend. This move not only enhances the sports viewing experience for Vermont residents but also introduces a regulated, responsible platform for sports betting enthusiasts. With user-friendly apps, a range of betting options, and thoughtful regulations, particularly around college sports, Vermont is poised to offer a dynamic and responsible betting environment as it joins the ever-growing sports betting landscape.