Legal Vermont Sports Betting

Sports Betting Bills In Vermont

Vermont has had little in the way of actual bills proposing sports betting. They have been content to survey the landscape and potential eventualities. The only concrete sports betting bill movement in VT was S0077. It did not pass, but demonstrated something more than a desire to survey.

Vermont Sports Betting Bills

Vermont Sports Betting Bonuses

Given that the only sportsbooks in the state are offshore, the best option is to use one of them when you are looking for sports betting bonuses. One thing to know about offshore sportsbooks is they tend to be big fans of cryptocurrency, because it makes it easier for them to move money around. Additionally, they are often invested in crypto, so widespread adoption benefits them as well. This means that they give bigger bonuses when you do your deposits and withdrawals with cryptocurrency.

VT Online Sportsbook Bonuses

Potential Vermont Sports Betting Handle

Vermont commissioned a study of potential sport sbetting revenue in 2020, but so far that study has not brought about any results in terms of actual sports betting regulations. Draft bills that were proposed mimicked New Hampshire’s laws, with DraftKings being given exclusive rights, and 51% of revenue being taxed. Vermont has less than half the population of New Hampshire, and thus can expect to see less than half of the handle, so an estimated VT sports betting handle would be about $30,000,000 a month based on NH numbers.

Vermont Problem Gambling Information

If you or a loved one struggle with online gambling issues, there is help available. The National Council on Problem Gambling offers a free phone helpline for anyone wishing to inquire as to gambling habits. You can call 1-800-522-4700 in order to ask them questions about online gambling addiction and those who struggle with it.

What Teams Can I Bet On?

You can wager on any team you want thanks to online sportsbooks offering betting lines for every team in every major sport to Vermont residents and tourists. If you are a local Vermont fan you will be glad to know there are several teams close to the Green Mountain State that you can wager on. You will find betting lines for all the major Boston teams including the Celtics and the Red Sox. You will also be able to wager on the New England Patriots. Vermont sports bettors will find no shortage of action from both local and other market teams. Betting in Vermont is filled with winning opportunities.

Popular Teams VT Residents Can Bet On:

Betting On The NFL In Vermont

Vermont betting fans can wager on this NFL season at legal online sportsbooks. These operators offer odds for all the games this season, as well as several teams and player props to keep bettors busy all season long. Local Vermont bettors who are big fans of neighboring NFL teams like the New York Giants, New York Jets, and Buffalo Bills will find no shortage of action this season. Bettors will be able to wager on these teams as well as any other NFL team for constant action. First-time NFL bettors in Vermont also have access to bonuses that will increase their betting wallets this season.

Where Can I Bet On Sports In Vermont?

Thanks to online sportsbooks being able to be accessed from mobile devices, you can technically bet on sports from anywhere in Vermont. If you are looking for physical locations to go wager, unfortunately, there are none. Vermont has yet to regulate sports betting within its legislation. Therefore land-based sports betting is prohibited. Thanks to online sportsbooks, Vermont residents and tourists alike can partake in legal sports betting all across the state. These sportsbooks are located outside of the US, therefore, they are not restricted by US legislation. Anywhere you have cellphone service you can access legal sports betting.

Where’s The Closest Place To Me To Bet?

The closest place to bet for most VT residents is wherever they are. How so? For one, the best legal Vermont sports betting sites like Bovada and BetOnline utterly dominate the marketplace because of their combination of an unbeatable variety of odds, the fastest sportsbook payouts, and complete legal immunity. Secondly, they’ve all got some of the industry’s top mobile sports betting​ apps so you can use your smartphone or tablet to bet on sports wherever you are and whenever you get a chance.

Although, if you truly want a physical sportsbook experience in Vermont you will have to be patient. Legislators have yet to introduce a bill to change the existing laws and other government agencies have remained rather quiet about the issue. Other neighboring states are beginning to enact laws to approve the practice within their borders and they are collecting millions in tax revenue from it. This may pressure VT state officials to hop on board as well. We’ve provided a list of Vermont cities that would most likely house sportsbooks if given the opportunity, as well as nearby cities that have them now.

Cities In VT That May Soon Have Sportsbooks:

• Burlington
• South Burlington
• Rutland
• Montpelier

Cities Nearby VT With Active Sportsbooks

• Lincoln, Rhode Island
• Tiverton, Rhode Island

Vermont Sports Betting Deposits And Withdrawals

When it comes to getting your money into and out of an offshore sportsbook – the only kind truly available to bettors in Vermont – you’ll want to know the best way to do so. Generally, there are two major deposit methods, and a few corresponding withdrawal methods. Let’s take a look at Bovada’s deposit options for Vermont players as an example.

Bovada Deposit Methods In VT

As is clear from the chart above, the majority of deposit methods at an online sportsbook like Bovada will be cryptocurrency related. Those crypto deposit methods will not have any fees attached to them, unlike several other methods such as credit cards beyond the first deposit. Additionally, there will be larger deposit maximums on crypto methods than on credit card deposits, as well as longer wait times.

Bovada Withdrawal Methods In VT

Withdrawal methods are a bit more complex. First things first, most online sportsbooks won’t let you withdraw from them in cryptocurrency if you did not deposit in cryptocurrency. Additionally, crypto seems to be the best way to get your money both quickly and safely at these sportsbooks, and offers no-limit withdrawals. There are still several traditional financial options available, such as check by courier.

Using Crypto At Vermont Online Sportsbooks

Crypto is the preferred method of deposit and withdrawal at several Vermont online sportsbooks, such as Bovada and BetOnline. These sportsbooks focus heavily on crypto as it is the easiest way to move money around on the modern internet. Perks of crypto at Vermont sportsbooks include faster deposits, cheaper withdrawals, and bigger bonuses.

How To Use Crypto At Vermont Sportsbooks

1. Set up a crypto wallet.
2. Purchase the crypto you plan on depositing.
3. Visit your online sportsbook of choice.
4. Select “deposit”.
5. Choose your crypto as your deposit method.
6. Enter the amount you wish to deposit.
7. The sportsbook will send you a wallet address, to which you will then send the amount required.
8. You’re done!

Vermont Sports Betting Timeline

• Jun 13, 2022 – Vermont has established a new study committee for the investigation of a potential sports betting market.
• May 21, 2021 – Vermont’s legislative session for 2021 ends with no traction gained for any sports betting regulations.
• Feb 19, 2021 – Vermont lawmakers file a bill to regulate sports betting by creating six mobile sportsbooks and six retail sportsbooks in VT.
• Aug 30, 2020 – The 2020 legislative session ends. The only movement on sports betting was the Senate passage of a study bill, but that bill failed to go anywhere in the House.
• Jun 17, 2020 – A bill to study sports betting in Vermont passes the Senate in its third reading. VT SB 59 creates a committee to study sports betting regulations in Vermont.
• Jun 14, 2020 – S. 59, a proposal to create a committee to study the potential effects of sports betting in Vermont, has passed out of the Senate Appropriations Committee.
• Jan 8, 2020 – The Vermont Senate Economic Development, Housing, and General Affairs Committee hears VT S.213, which would regulate sports betting under the auspices of the Vermont Board of Liquor and Lottery.
• May 29, 2019 – The 2019 legislative session ends with no movement on sports betting in Vermont.
• Mar 6, 2019 – VT HB 484, one of several sports betting bills being considered, would allow bettors in Vermont to wager on credit.

Why Is Vermont So Far Behind Other States?

Much of the lag in terms of Vermont’s legalization compared to neighboring New Hampshire and New York is because of a willingness to study legal gambling before moving towards it. That said, Gov. Phil Scott clearly understands that gambling options already exist in VT, and in a statement that went alongside his signing a bill to authorize a legal gambling study, said as much. “For years, I have also proposed that Vermont legalize and regulate sports betting, as more than a dozen states have done,” Scott said. “We know thousands of Vermonters are already participating in this activity, and the state should take steps to ensure fairness and safety,”

Gambling Taxes In Vermont

Since Vermont has not regulated sports betting, there are no specific taxes on gambling in VT, but this doesn’t mean you don’t have to report your income and pay tax on it in that manner. If you make more than the reporting threshold, you should report your gambling income when you file your taxes. This process will result in you paying about 25% or more of your winnings in taxes, but the last thing you need when you use offshore sportsbooks is the IRS crawling around your finances.

Can I Bet Real Money On Sports In Vermont?

You can definitely bet real money on sports in Vermont, and you can do it legally at our top recommended sports gambling sites. That’s because – from Bovada to BetOnline – they’re all based outside the US, where federal and state bans on sports wagering simply don’t apply. They’re regulated by some of the most stringent gaming laws in the world by countries like Antigua and Latvia, so they’re backed by a completely solid legal standing. When you add that to an equally solid reputation for fast payouts and excellent customer service, it’s really a no brainer. You can bet real money on sports in Vermont by using these sites and, best of all, you can win a ton of cash too.

What Is the Sports Betting Age In Vermont?

Since Vermont has no land-based casinos, either commercial or tribal, there really isn’t much to go by with regard to what would be a hypothetical sports betting age in the state. However, if we look at what the state’s lottery requires in terms of a minimum age, then we can safely assume that the minimum legal sports betting age to place a sports bet in Vermont is 18. If you’re 18 years old or older, then you shouldn’t have any trouble using the leading online sportsbooks.

Are There Mobile Sports Betting Apps Available In Vermont?

All the legal offshore sports gambling sites we recommend do in fact offer mobile apps. These apps, which are free to download at the developers’ websites, are all available for Vermont users. The ones offered by Bovada, and SportsBetting are one of the newest and most exciting forms of legal Vermont sports betting there is. These free mobile betting apps can be downloaded at no cost from the developers’ websites, and best of all they completely replicate the user experience and interface of their desktop versions.