Current:Home > FinanceOnline sports betting to start in Vermont in January -VitalWealth Strategies
Online sports betting to start in Vermont in January
View
Date:2025-04-16 10:48:01
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! (52)
Related
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- US resumes some food aid deliveries to Ethiopia after assistance was halted over ‘widespread’ theft
- The average long-term US mortgage rate surges to 7.49%, its highest level since December 2000
- Fired Northwestern football coach Pat Fitzgerald is suing school for $130M for wrongful termination
- Travis Hunter, the 2
- Current 30-year mortgage rate is highest in over two decades: What that means for buyers
- Baltimore police ask for help IDing ‘persons of interest’ seen in video in Morgan State shooting
- Powerball jackpot rises to estimated $1.4 billion after no winners Wednesday
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- PGA Tour's Peter Malnati backtracks after calling Lexi Thompson's exemption 'gimmick'
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Mississippi encourages extra hunting to tame record deer population
- Michael Jordan Makes History as His Net Worth Reaches $3 Billion
- Man with handgun seeking governor arrested in Wisconsin Capitol, returns with assault rifle
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- When did the first 'Star Wars' movie come out? Breaking down the culture-defining saga
- Millions of children are displaced due to extreme weather events. Climate change will make it worse
- US government agrees to help restore sacred Native American site destroyed for Oregon road project
Recommendation
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Pepco to pay $57 million over toxic pollution of Anacostia River in D.C.'s largest-ever environmental settlement
The communities experimenting with how to be more resilient to a changing climate
Southern Charm: Shep Rose & Austen Kroll Finally Face Off Over Taylor Ann Green Hookup Rumor
Small twin
Queen and Adam Lambert kick off tour with pomp, vigor and the spirit of Freddie Mercury
Billy Eppler resigns as Mets GM amid MLB investigation
Bullet fired at football field ruptures 7-year-old's spleen, shatters community's heart