Current:Home > MarketsOnline sports betting to start in Vermont in January -FinanceMind
Online sports betting to start in Vermont in January
View
Date:2025-04-16 10:46:03
MONTPELIER, Vt. (AP) — Vermont sports fans will be able to bet online starting early next year when mobile sports betting kicks off in the state on Jan. 11, Republican Gov. Phil Scott announced Tuesday.
The state Department of Liquor and Lottery picked DraftKings, FanDuel, and Fanatics Sportsbook to operate mobile sports wagering platforms in Vermont, he said.
“I first proposed Vermont legalize sports wagering several years ago, and it’s good to see it come to fruition,” Scott said in a statement. “Vermonters and visitors alike will soon be able to access a regulated sports wagering marketplace, which will come with important consumer protections and generate revenue for the State.”
He signed a bill into law in June legalizing online sports betting in Vermont, joining nearly three dozen other states.
Each year the Department of Liquor and Lottery, in consultation with the Department of Mental Health, will provide a report to the Legislature on the impact of sports betting on problem gambling in Vermont.
Operators will also be required to annually provide the state with a responsible gaming plan that includes information about the posting of materials related to problem gambling; resources to be made available to bettors with concerns about problem gambling; house-imposed player limits; and self-exclusion programs.
The sports betting operation is expected to bring in up to $7 million in revenue to Vermont during the first full year, Scott said.
“We are excited to offer sports enthusiasts the ability to engage in sports wagering in Vermont with three of the industry’s top companies,” Department of Liquor and Lottery Commissioner Wendy Knight said in a statement.
A pre-registration period starts Tuesday, allowing operators to do marketing and pre-register players before the January launch date.
veryGood! (8884)
Related
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Retirement planning: 3 crucial moves everyone should make before 2025
- Rylee Arnold Shares a Long
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Bodycam footage shows high
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Arkansas State Police probe death of woman found after officer
- Meta donates $1 million to Trump’s inauguration fund
Ranking
- New data highlights 'achievement gap' for students in the US
- Intel's stock did something it hasn't done since 2022
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Travis Hunter, the 2
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Meta releases AI model to enhance Metaverse experience
Recommendation
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
What to watch: O Jolie night
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all