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List of Vermont Sportsbooks

Vermont legalized sports betting in June 2023 and it didn't take long for them to get the regulatory stuff out of the way with the first sportsbook apps launching on January 11, 2024.

FanDuel, DraftKings, and Fanatics were the first sportsbooks to hit the market and they're still the only ones operating in The Green Mountain State. More may come soon, however, as the VT laws allow up to six apps.

While the list of VT sportsbooks is short, the three that are available are great options. FanDuel is my favorite but I regularly use DraftKings and Fanatics, as well. All three are worth signing up for so you can take advantage of the sign-up bonuses and compare odds to make sure you're getting the best deal.

Site

Sign-Up Bonus

Rating

Promo Code

fanduel sportsbook square

94/100

No promo code needed

DraftKings Logo

84/100

After making any bet. T&Cs Apply.

fanatics logo square

Fanatics Sportsbook

81/100

No promo code needed

List of All Vermont Sportsbooks

Vermont currently hosts three online sportsbooks: FanDuel, DraftKings, and Fanatics.

BetMGM and ESPN BET were initially denied licenses but I can't imagine they'll just give up on the entering VT and expect them to launch in the next year or two.

Since the betting law allows up to six online sportsbooks, there's room for expansion. Expect heavy hitters like Caesars and BetRivers to throw their hats in the ring in the near future.

In the meantime, let’s take a look at what the three active VT sportsbooks bring to the table.

All VT Sportsbooks:

  1. FanDuel: Best Overall Sportsbook
  2. DraftKings: Best Market Depth
  3. Fanatics: Best Sign-Up Bonus

1) FanDuel: Best Overall Sportsbook

fanduel sportsbook logo

Vermont was the 21st state to welcome FanDuel. They don't have a land-based partner since the state doesn’t require it. Plus, since Vermont has no professional sports teams, FanDuel has no team partnerships in the state.

FanDuel is my pick for the best online sportsbooks in Vermont, mainly because they consistently have the industry’s best odds and offer great promotions. When I'm shopping around the best odds, I often end up placing my bet at FanDuel because they're giving me the best deal.

FanDuel also stands out when it comes to market depth, featuring an extensive range of creative player props and futures. You can bet on anything from a simple player point total to something more exotic like if a player will break a record during the season.

FanDuel delivers a fantastic user experience, highlighted by an intuitive categorization of prop bets, a stable app that rarely crashes, and lightning-fast loading.

However, like every sportsbook, FanDuel isn't without flaws. Their NFL teaser pricing isn't always the best. They typically offer -134 odds on two-team six-point teasers, which is much worse than other books like DraftKings that give -120 odds. Parlays also take up a lot of real estate in the app, which can be annoying for smart bettors generally try to avoid them.

FanDuel Sportsbook Quick Facts:

  • OA BetReview Rating: 94/100
  • Sign-Up Bonus: Bet $5, get $200 in bonus bets if your bet wins
  • Best Features: Odds competitiveness, market variety
  • Biggest Drawbacks: No sportsbook rewards program, not many daily odds boosts
  • Number of Sports: 21+
  • Payout Speed: Up to 5 business days (typically faster)
  • Rewards Program: DFS & Casino only

Check out my full FanDuel Sportsbook review for a more in-depth look at the platform.

2) DraftKings: Best Market Depth

draftkings logo

It only makes sense that DraftKings is also in the mix with FanDuel, as these two betting powerhouses have been rivals since they launched as DFS sites over a decade ago. Vermont marks the 26th state where DraftKings has launched.

DraftKings' main selling points include profit boost tokens, free-to-play pools, and a stats hub packed with valuable betting insights. Like FanDuel, DraftKings is known for its speed and ease of use. DK covers 24 sports, including less common ones like Jai Alai and Gaelic Football.

However, there's room for improvement. Their odds sometimes fall short compared to the competition, and they tend to limit winning bettors quickly.

DraftKings Sportsbook Quick Facts:

  • OA BetReview Rating: 84/100
  • Sign-Up Bonus: Bet $5, get $150 in bonus bets
  • Best Features: Market depth, profit boost tokens
  • Biggest Drawbacks: Odds not always competitive, quickly limit winners
  • Number of Sports: 25+
  • Payout Speed: Up to 5 business days
  • Rewards Program: Dynasty Rewards

Check out my full DraftKings Sportsbook review for a more in-depth look at the platform.

3) Fanatics Sportsbook: Best Sign-Up Bonus

fanatics sportsbook logo

Ever since Fanatics acquired PointsBet's U.S. operations, the brand has been expanding rapidly, and Vermont is one of its latest stops. Given that Vermonters have been using Fanatics for apparel and gear before the online sportsbook launched here, the brand is likely to resonate well with local sports fans.

Fanatics Sportsbook has a lot going for it. One of its standout features is the FanCash rewards system. Think of it as a cashback program that gives you a portion of your wagers back.

I'm also a fan of their prop bets—they offer solid odds and a wide variety of markets to bet on. Plus, their live streaming service is top-notch, covering a broad range of sports and delivering high-quality streams

One drawback is the app's usability. It can feel clunky and a bit confusing for beginners. Also, there’s a lot of chatter online from sharp bettors that they were limited quite fast, though I haven’t personally run into this issue (yet, at least).

Fanatics Sportsbook Quick Facts:

  • OA BetReview Rating: 81/100
  • Sign-Up Bonus: Bet $100, get $100 bonus for 10 days after signing up ($1,000 bonus total).
  • Best Features: Valuable sign-up bonus, competitive prop odds
  • Biggest Drawbacks: Confusing interface, no desktop site, quick to limit winners
  • Number of Sports: 15
  • Payout Speed: Up to 3 business days
  • Rewards Program: FanCash Rewards

Check out our Fanatics Sportsbook review to learn more.

Vermont Sports Betting Quick Facts

Online sportsbooks

3

Max number of betting apps per law

6

Retail sports betting

No

Legalization date

June 14, 2023

Launch date

January 11, 2024

State regulator

Vermont Department of Liquor and Lottery

College betting

Yes, but betting on in-state college teams is prohibited unless they play in out-of-the-state tournaments like March Madness. No prop bets on college teams is allowed.

Esports betting

Yes

Prohibited betting markets

NFL drafts, entertainment, and politics

Min age for registration

21

Payment method exclusions

Credit cards are not allowed

Tax rate on operators

20%

Online registration allowed

Yes

Online casinos

No

List of Retail Sportsbooks In Vermont

Currently, there are no land-based sportsbooks in Vermont. The law allowing online sports betting in the state didn't include any provisions for physical betting locations.

Vermont Sports Betting Latest Developments

In March 2024, the Vermont Department of Liquor and Lottery revised its rules to ban prop betting on college teams. Around the same time, House Bill 857 was introduced in the state, seeking to tighten restrictions on gambling advertising.

VT Sports Betting FAQ

Is sports betting legal in Vermont?
Online sports betting is legal in Vermont, but retail sports betting isn’t.

What is the best online sportsbook in Vermont?
FanDuel is the best online sportsbook in Vermont, according to my extensive market research.

Which sportsbook in Vermont has the best odds?
FanDuel has the best odds of all Vermont sportsbooks, with Fanatics coming in second.

How old do I have to be to bet at Vermont sportsbooks?
You must be 21+ to register and bet at Vermont sportsbooks. The betting apps will ask for the last four digits of your SSN during registration to confirm that you’re of legal betting age.

Do I have to be a resident of Vermont to bet?
No, but you have to be in Vermont while betting. Vermont sportsbooks will use geolocation software to track down your location.

When did Vermont online sportsbooks launch?
Online sportsbooks went live in Vermont on January 11, 2024.

Is esports betting legal in Vermont?
Yes, betting on competitive gaming is legal in Vermont. You can bet on games like League of Legends, DOTA2, and Overwatch.

Is college betting legal in Vermont?
Yes, but you can’t bet on in-state college tournaments. Also, prop bets on college sports are prohibited.

Are there physical sportsbooks in Vermont?
No, retail sports betting has not yet been legalized in Vermont

Do I have to pay taxes if I win a sports bet in Vermont?
Yes, gambling winnings are taxable in Vermont. You’ll face a 24% federal tax plus a 6% state tax if you’re a Vermont resident or 7.5% if you're from out of state.

Are offshore sportsbooks legal in VT?
No, offshore sportsbooks like Bovada are illegal in Vermont. By betting on these unregulated platforms, you won’t only be breaking the law but also risking getting ripped off.

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