On Thursday, Vermont became the 29th state to introduce online sports betting. [Image: Shutterstock.com]
Vermont is the 29th US state to introduce online sports betting. Three operators went live at midnight on Thursday, allowing bettors to get in on the action before the NFL playoffs begin on Saturday.
Although Vermont is the second-most populous state in the country, officials estimate the activity could generate $7 million in tax revenue in its first year. This number could rise to as much as $18 million per year as the market matures. Individuals must be at least 18 years old to place bets and users cannot fund their account using a credit card.
chose Fanatics, FanDuel and DraftKings as license recipients
Vermont Gov. Phil Scott signed a sports betting law in June, and the Department of Liquor and Lottery selected Fanatics, FanDuel and DraftKings as licensees in December. ESPN Bet and BetMGM were unsuccessful bidders, although the regulator had the authority to issue up to six licenses.
The next state expected to introduce online sports betting is North Carolina, with the expectation that it will happen in time for the popular college basketball tournament March Madness.
