Current:Home > reviewsOnline sports betting to start in Vermont in January -Nova Finance Academy
Online sports betting to start in Vermont in January
View
Date:2025-04-27 11:49:38
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! (7)
Related
- A South Texas lawmaker’s 15
- This Week in Clean Economy: Manufacturing Job Surge Seen for East Coast Offshore Wind
- Man arrested after allegedly throwing phone at Bebe Rexha during concert
- Teen Mom's Maci Bookout Celebrates Son Bentley's Middle School Graduation
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- MLB power rankings: Orioles in rare air, knocking Rays out of AL East lead for first time
- Sarah Jessica Parker Shares Sweet Tribute to Matthew Broderick for Their 26th Anniversary
- New Trump Nuclear Plan Favors Uranium Mining Bordering the Grand Canyon
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Full transcript of Face the Nation, June 18, 2023
Ranking
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Why Vanderpump Rules' Lala Kent and Scheana Shay's Bond Over Motherhood Is as Good as Gold
- How a Contrarian Scientist Helped Trump’s EPA Defy Mainstream Science
- Why do some people get UTIs over and over? A new report holds clues
- Rylee Arnold Shares a Long
- EPA’s Methane Estimates for Oil and Gas Sector Under Investigation
- An Arctic Offshore Drilling Plan Advances, but Impact Statement Cites Concerns
- Johnson & Johnson proposes paying $8.9 billion to settle talcum powder lawsuits
Recommendation
Questlove charts 50 years of SNL musical hits (and misses)
You're less likely to get long COVID after a second infection than a first
Sun's out, ticks out. Lyme disease-carrying bloodsucker season is getting longer
Ulta 24-Hour Flash Deal: Save 50% On a Bed Head Hair Waver That Creates Waves That Last for Days
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Climate Change Becomes an Issue for Ratings Agencies
This Week in Clean Economy: Green Cards for Clean Energy Job Creators
4 people found dead at home in Idaho; neighbor arrested