Gov. Scott has announced that legal online sports betting will be available in Vermont beginning next month.

Vermont's mobile sports betting is set to launch on Jan. 11, 2024, with DraftKings, FanDuel, and Fanatics Sportsbook chosen to operate platforms. Governor Scott expressed satisfaction with the realization of legalized sports wagering, anticipating consumer protection and state revenue.

A report on sports betting's impact on problem gambling will be provided annually. The operation is expected to generate up to $7 million in Vermont's revenue during the first full year.

 

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It's indeed an exciting development that Vermont will launch legal online sports betting on January 11, 2024. The selection of popular platforms like DraftKings, FanDuel, and Fanatics Sportsbook to operate in Vermont demonstrates the state's commitment to providing a seamless and enjoyable betting experience for its residents.

Governor Scott's satisfaction with the realization of legalized sports wagering is understandable. With the enactment of this legislation, the state can effectively regulate and monitor the industry, ensuring consumer protection and responsible gambling practices. The annual report on the impact of sports betting on problem gambling is a responsible move and demonstrates Vermont's dedication to prioritizing the well-being of its residents.

In addition to consumer protection, the legalized sports betting industry is also expected to contribute significantly to Vermont's revenue. The projected revenue of up to $7 million in the first full year is undoubtedly a welcome boost. This additional income can be used for various state initiatives, such as infrastructure improvements, education, and healthcare.

Overall, the launch of legal online sports betting in Vermont promises to bring both enjoyment for sports enthusiasts and economic benefits for the state. It is a step forward towards embracing the evolving landscape of online gambling while ensuring responsible practices and financial gains for Vermont.