Sports betting in Vermont saw a total handle of $12.2 million in May 2024, marking a steady period for the state’s regulated wagering market. Since launching legalized mobile sports betting in January 2024, Vermont has maintained a consistent interest from residents, with monthly wagers reflecting broader national trends in regulated U.S. gaming markets. According to the Vermont Department of Liquor and Lottery, which oversees the state’s sports wagering operations, the market is currently serviced by three primary operators: DraftKings, FanDuel, and Fanatics Sportsbook.
Market Performance and Regulatory Oversight
The May figure of $12.2 million represents the total amount wagered by bettors before payouts and operator expenses are deducted. This data is part of the ongoing monthly reporting mandated by the state legislature under Act 127, the bill that authorized and established the framework for sports wagering in Vermont. The state’s approach to sports betting is notably distinct from other jurisdictions, as it operates exclusively through mobile platforms without physical retail sportsbooks.
The revenue generated for the state is calculated based on a tiered tax structure applied to the adjusted gross sports wagering revenue. As reported by the official state portal, the Department of Liquor and Lottery monitors these transactions to ensure compliance with consumer protection standards and responsible gaming requirements. These safeguards include mandatory deposit limits and self-exclusion tools provided directly within the applications of the licensed operators.
Comparative Context: Regional and National Gaming Trends
While Vermont’s market is in its early stages of development, the broader U.S. gaming sector experienced fluctuations in the first half of 2025. Reports from the Nevada Gaming Control Board have highlighted shifts in the commercial casino landscape, specifically regarding net revenue in major gaming hubs. For instance, data from the Nevada regulator indicates that net income for casinos in certain sectors experienced a decline of 34.8% during specific reporting windows in 2025, a trend that analysts often attribute to changing consumer spending habits and the maturation of regional sports betting markets across the country.
Unlike the established, high-volume casino environment of Nevada, Vermont’s model is focused on controlled mobile access. This difference in structure makes direct comparisons difficult, but it underscores the volatility inherent in the U.S. sports betting industry. As states continue to adjust their regulatory environments, stakeholders remain focused on how tax revenues are allocated toward state services and public programs.
How Vermont Regulates Sports Wagering
Vermont’s sports wagering framework is designed to prioritize public safety and revenue transparency. The Department of Liquor and Lottery serves as the primary regulator, requiring all operators to adhere to strict licensing agreements. This includes:
- Mandatory age verification for all users (21 and older).
- Integration with state-approved responsible gaming databases.
- Regular audits of the software used by DraftKings, FanDuel, and Fanatics to ensure fairness in odds and payouts.
For residents interested in the specifics of the state’s revenue distribution, the Vermont Department of Liquor and Lottery publishes monthly summaries. These reports provide a breakdown of handle, gross gaming revenue, and the resulting tax contributions that flow into the state’s General Fund.
Next Steps for the Vermont Market
The next major checkpoint for the industry involves the release of the fiscal year-end reports, which will provide a comprehensive look at the tax revenue generated since the inception of the program in January 2024. The Department of Liquor and Lottery is expected to release further data regarding the annual impact of these operations in late 2025. Readers can monitor the state’s official sports wagering report page for the most recent updates and filings as they become available.
If you have questions about the regulatory process or wish to share your thoughts on the impact of mobile betting in the state, please feel free to leave a comment below or share this report with your network.