Out-of-state gamblers boost Vermont’s sports betting revenues beyond forecasts

In Vermont, the legalization of online sports betting has seen a surge in activity, with nearly $20 million wagered in the first three weeks. Wendy Knight, Liquor and Lottery Commissioner, shared these figures which exceeded initial projections. The average bet placed was approximately $23 during this period, resulting in about $1.1 million in revenue for the state.

Knight noted that out-of-state players are contributing to the majority of sports wagering activity in Vermont, with almost 850,000 individual bets being placed during the three-week period. More than half of these were from out-of-state players who have been attracted to Vermont’s legal sports betting market after previously engaging in sports betting in other states.

The timing of this reporting period coincided with the NFL playoffs, known for attracting enormous betting interest. However, despite this challenge, the strong numbers and increased revenue in the initial period indicate that Vermont’s foray into sports betting is off to a promising start.

By Editor

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