Full Vermont Sports Betting Catalogue Approved, Launch Still Planned for Jan. 11

Joseph Maiorana-USA TODAY SportsThe Department of Liquor and Lottery approved Vermont’s full sports betting catalogueInherently objectionable and officiating related bets are prohibitedVermont online sports betting is scheduled to launch on Jan. 11

Future Vermont sports betting customers can now see what markets will be available to them when the state launches online sports betting on Thursday, Jan. 11.

Hundreds of sports betting markets, including those for the NBA, NHL, NFL, and MLB, were approved by the Vermont Department of Liquor and Lottery last week as the state gears up for its sports betting launch.

The 10-page document is malleable and operators can petition for a new market or betting type to be added for the state.

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Sports Betting to Launch Jan. 11

Vermont online sports betting is set to launch on Thursday, Jan. 11. DraftKings, FanDuel, and Fanatics Sportsbook were granted sports betting licenses and can now register users ahead of the state’s sports betting launch.

FanDuel, BetMGM, DraftKings, Fanatics Betting and Gaming, and Penn Sports Interactive (ESPN Bet) submitted applications to operate in Vermont.

The state will receive a percentage of each operator’s adjusted gross sports wagering revenue, plus an additional operator fee .Vermont is expected to receive upwards of $7 million in sports betting tax revenue in 2024.

Operators selected by the Department of Liquor and Lottery for a license will agree to contracts for a minimum of three years at a cost of $550,000 per license. So, for example, if an operator agrees to a five-year contract, it will have to pay $110,000 annually for each of the five years.

The following types of bets have been approved by the Department of Liquor and Lottery:

Single-game bets, teaser bets, parlays, over-under, moneyline, pools, exchange wagering, in-game wagering, in-play bets, proposition bets, straight bets, point spreads, pleasers, round robin, cash out, 3-way, spread/handicap, totals, player-game-team props, yes/no, same-game parlays, multiple same-game parlays, virtual match ups win/place/each way.

The four major sports leagues are represented in the approved betting markets and also includes the MLS, WNBA, NASCAR, and the BIG 3. The entire sports betting catalogue can be viewed here.

Other additional markets include:

USA CricketWorld Chase TagDrone Racing LeagueWorld Pool-Billiards AssociationInternational Sailing League AssociationBadminton World Federation

College Sports Betting Prohibitions

The bill allows for betting on college sports, but does place a prohibition on bets placed on in-state colleges and universities. Many states offer this prohibition, including neighboring Massachusetts and New York.

However, the DLL will allow bets on Vermont colleges or universities if the school is participating in a tournament, such as the annual March Madness tournament, even if the tournament is taking place in the state.

The minimum age to participate in sports betting in Vermont will be 21.