February 27, 2024 9:46 am
Out-of-state gamblers boost Vermont’s sports betting revenues beyond forecasts

Vermont’s online sports betting has seen a surge in popularity, with over $20 million wagered in the first three weeks after legalization on January 11. This exceeded initial projections and resulted in the state receiving approximately $1.1 million in revenue.

Despite being a small state, Vermont has attracted out-of-state players who previously engaged in sports betting elsewhere. Almost 850,000 individual bets were placed during the three-week period, with more than half coming from out-of-state players. The legalization of online sports wagering in Vermont has opened up new opportunities for these players to continue their activities while avoiding any restrictions or limitations imposed by their home states.

The timing of this reporting period coincided with the NFL playoffs, which are known for attracting enormous betting interest. However, despite this challenge, the strong numbers and increased revenue during the initial period indicate that Vermont’s foray into sports betting is off to a promising start. As more people become aware of the legalization and its benefits, it is likely that we will see even more growth in the future.

Leave a Reply