FanDuel, a leading online gaming company in North America, has expanded its reach to Vermont by introducing the FanDuel Sportsbook app.
In a press release issued on Wednesday, the company disclosed the expansion of its services. According to the announcement, residents passionate about sports betting in Vermont can now enjoy the platform through iOS and Android devices or desktop, offering them an exciting avenue for engaging in sports betting activities.
As mentioned in the statement, the sportsbook will enable users to place bets on various sports, encompassing NFL, NBA, MLB, NHL, MMA, golf, boxing, soccer, and others.
Additionally, it highlighted that individuals registering as new customers and wagering $5 will be eligible to receive $200 in Bonus Bets, applicable to all the sports available on the platform. To engage in betting, individuals must be at least 21 years old.
Here is more on FanDuel Vermont going live.
FanDuel Vermont Sportsbook Features
FanDuel Sportsbook, renowned for its best-in-class platform, caters to both new and seasoned bettors.
The platform’s Explore tab is designed to streamline the betting experience for fans of all levels of proficiency. It features narrative-driven question format bets such as ‘Who Will Win This Game?,‘ educational tutorials, popular bets, parlay builders, and various other features.
The Pulse, another notable feature, provides a tailored experience that tracks major headlines in sports, offering live betting options on key moments during a game. As the game progresses, fresh betting options are incorporated into the feed, providing fans instant insights and opportunities.
FanDuel’s Expansion Into Vermont
Vermont’s Department of Liquor and Lottery has attained a significant milestone, marking the official launch of online sports betting in the Green Mountain State today.
Governor Phil Scott sanctioned legislation in June 2023, paving the way for the legalization of online sports betting in Vermont. This move aligns the state with about three dozen others already embracing the legalization of online sports betting.
Only three operators, namely FanDuel, DraftKings, and Fanatics Sportsbook, received approval to initiate online sports betting in the state. However, notable operators like Penn Entertainment’s ESPN Bet and BetMGM were not among those approved in this particular selection round.
ESPN Bet’s proposal was considered “materially non-compliant” based on state policy, leading to its rejection. BetMGM, on the other hand, faced disapproval due to its revenue-sharing proposal. The commission found an issue with its variable revenue share, which is tied to the number of operators selected. This resulted in a reduction in its bid scoring, ultimately leading to its non-approval.
Vermont marks the 21st state in which the FanDuel mobile sportsbook is now operational. Other states include Michigan, Connecticut, Kentucky, Massachusetts, Illinois, New Jersey, Indiana, Louisiana, Maryland, Iowa, New York, Arizona, Colorado, Ohio, Kansas, Pennsylvania, West Virginia, Tennessee, Wyoming, and Virginia.
DraftKings, following FanDuel’s lead, has commenced operations on launch day. On the other hand, Fanatics is anticipated to begin its services in the state soon.
Gov. Scott anticipates that the sports betting operation will contribute around $7 million in revenue to Vermont in its inaugural full year.
Vermont’s Problem Gambling Initiative
To address the potential problem gambling issue in Vermont, the Vermont Department of Liquor and Lottery, in collaboration with the state Department of Mental Health, will be required to submit an annual report to the Legislature. The report is expected to evaluate the influence of sports betting on problem gambling within the state.
Additionally, operators must furnish the state with an annual responsible gaming plan. This plan is expected to include details about disseminating materials addressing problem gambling, resources accessible to bettors with concerns about such issues, player limits imposed by the house, and self-exclusion programs.