Starting January 11 of next year, Vermont will join the ranks of US states that offer mobile sports wagering, giving sports enthusiasts in the state the opportunity to place their bets online. Governor Phil Scott announced on December 12 that three major operators have been selected to manage the mobile sports betting platforms – FanDuel, DraftKings, and Fanatics Sportsbook.
The decision to legalize online sports wagering in Vermont was signed into law by Governor Scott in June, making it the latest state to join the trend. The move is expected to generate revenue for the state and provide important consumer protections for bettors. Additionally, the state will closely monitor the influence of sports wagering on irresponsible gambling, with an annual report to the Legislature on the topic.
The operators offering mobile sports wagering will be required to have a plan for responsible gaming, including resources for bettors concerned about problem gambling, self-exclusion programs, and other measures to promote responsible gambling. Governor Scott estimates that the newly legalized online sports wagering operation could generate up to $7 million in income for the state in its first year.
The Commissioner of the Department of Liquor and Lottery, Wendy Knight, expressed excitement about the prospect of offering sports enthusiasts the ability to engage in sports wagering in Vermont with three of the industry’s top companies. The pre-registration period for operators will begin on Tuesday, allowing them to prepare and market their platforms ahead of the January launch.
Supporters of the H.127 bill, which legalized online sports wagering, argued that Vermonters were already engaging in illegal online gambling and that the state was missing out on potential revenue by not regulating the industry. The move to legalize mobile sports wagering aims to bring the activity into a regulated marketplace, offering consumer protections and generating income for the state.
Overall, the introduction of mobile sports wagering to Vermont represents a significant step for the state and its residents, providing opportunities for bettors while also addressing concerns about responsible gambling.