Vermont launched mobile sports betting in 2024, offering a small but competitive market. The Department of Liquor and Lottery oversees operations, with operators taxed at 20% of gross gaming revenue. We present verified monthly figures so you can see how Vermont’s early performance stacks up in New England and beyond.
VT Revenue Insights
$20.0M Handle
7.26% Hold
$462K Tax Revenue
3 Active Operators
Sports Betting in Vermont
Vermont legalized online sports betting in June 2023 and officially launched on January 11, 2024. The Vermont Department of Liquor and Lottery regulates the market, which initially licensed DraftKings, FanDuel, and Fanatics Sportsbook. Applications from BetMGM and Penn Sports Interactive were rejected to keep the launch tightly controlled.
The state’s goals are to:
- Offer a safe, regulated betting environment.
- Protect consumers from unlicensed operators.
- Generate revenue to support public programs.
Early Market Performance
- $100M+ Handle (First 6 Months) – Vermonters and visitors wagered over $100 million in the first half of the year.
- $11M GGR – Operators earned $11 million in gross gaming revenue.
- $3.5M State Revenue – Exceeding projections, most of this went to the general fund for public services.
Responsible Gambling Funding
- Vermont directs part of its sports betting revenue toward problem gambling prevention:
- In FY 2024, $250,000 from sports betting taxes was allocated to the state budget.
- The Vermont Lottery matched with $250,000, funding the Department of Mental Health for a new help website and live chat support.
Tax Rates
- Operators: 31.7% of adjusted gross revenue.
Annual Sports Betting Growth in Vermont
Data is pulled directly from the State of Vermont Department of Liquor and Lottery Annual Reports
Source:
RG
Monthly Sports Betting Growth in Vermont
Data is pulled directly from the State of Vermont Department of Liquor and Lottery Monthly Reports
Source:
RG
Vermont Sports Betting Revenue Performance
Vermont has shown steady performance in its first year under the oversight of the Vermont Department of Liquor and Lottery.
| Year | Handle | Revenue | Hold % | State Taxes |
|---|---|---|---|---|
| 2024 | 198,754,297 | 27,347,988 | 13.96% | 8,669,312 |
| 2025 Ytd | See monthly breakdown below | — | — | — |
2025 Year-to-Date
| Month | Handle | GGR | Hold % | Tax Revenue |
|---|---|---|---|---|
| Jan 2025 | 23,870,533 | 2,524,674 | 10.58% | 806,070 |
| Feb 2025 | 21,534,379 | 2,181,095 | 10.13% | 693,284 |
| Mar 2025 | 22,945,016 | 1,288,211 | 5.61% | 405,942 |
| Apr 2025 | 16,238,019 | 1,512,321 | 9.31% | 482,245 |
| May 2025 | 16,261,329 | 1,777,539 | 10.93% | 564,762 |
| Jun 2025 | 14,004,898 | 1,430,845 | 10.22% | 453,578 |
| Jul 2025 | 14,828,068 | 1,279,622 | 8.63% | 405,030 |
| Aug 2025 | 13,457,502 | 1,602,942 | 11.91% | 507,482 |
| Sept 2025 | 20,032,171 | 1,454,875 | 7.26% | 461,912 |
Latest Vermont Sports Betting Industry Updates
- April 15, 2025: Vermont sportsbooks opposed caps on promotions, but regulators enforced them regardless, signaling a firm regulatory stance. [The Guardian]
- January 16, 2025: State officials downgrade revenue projections as Vermont sports bettors win an unexpectedly high percentage of their wagers. [VT Digger, 2025]
- February 20, 2024: Vermont betting handle for first Super Bowl in legal betting era exceeds $2 million. [Vermont Public, 2024]
- January 11, 2024: Vermont's legal sporting betting market goes live. [Vermont Department of Liquor and Lottery, 2024]
- December 13, 2023: Vermont decides on the three sportsbooks it will launch its legal betting market with (FanDuel, DraftKings, and Fanatics). [Vermont Public, 2023]
Vermont Snapshot
| Key Aspect | Details |
|---|---|
| Population | 647,818 residents as of 2024. (World Population Review, 2025) |
| Political Affiliation | Vermont is firmly a Democratic state and voted Democrat in the recent presidential election. (270towin.com, 2025) |
| Year Sports Betting Legalized | Online sports betting went live in January 2024. [Vermont Department of Liquor and Lottery, 2024] |
| Number of Sportsbooks Operating | There are three online sportsbooks available in Vermont: DraftKings, FanDuel, and Fanatics Sportsbook. In-person sports betting is not available. |
| Professional Sports Teams | Vermont doesn't have any major professional teams. Most residents consistently root for Boston-area teams like the New England Patriots (NFL). |
FAQs
General Questions
When did Vermont legalize online sports betting?
Vermont legalized online sports betting in June 2023 and launched it on January 11, 2024.
Which sportsbooks operate in Vermont?
Vermont has three licensed sportsbooks: DraftKings, FanDuel, and Fanatics Sportsbook.
What tax rates apply to sports betting in Vermont?
Operators pay a 31.7% tax on adjusted gross revenue, while individual bettors face a 6% state tax (7.25% for non-residents).
How have out-of-state bettors impacted Vermont’s sports betting market?
Visitors accounted for 53% of new accounts in the first month and placed higher average bets than locals.
