DraftKings Vermont Promo Code & Review for VT May 2024
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DraftKings Sportsbook Vermont Promo: Sign Up for $200 in Bonus Bets
Vermont sports betting has now launched, and residents can look forward to up to six online sportsbooks arriving in the Green Mountain State. DraftKings already have a presence in Vermont through its Daily Fantasy Sports offering, and DraftKings Sportsbook was one of the first Vermont sportsbooks to launch. This guide will outline the features and bonuses available with DraftKings Vermont.
DraftKings Sportsbook VT Promo Code & Upcoming Bonus Overview
The best sportsbooks will have generous Vermont sportsbook promos for new players, and DraftKings is no different. When you sign-up early DraftKings Vermont will give you $200 in Bonus Bets. This means you can effectively start up your betting experience in Vermont with a boost.
When is DraftKings Online Sportsbook Launching in Vermont?
Legal sports betting arrived in Vermont on January 11, 2024 after Governor Phil Scott signed HB 127, the sports betting bill introduced by Representative Matthew Birong. HB 127 allows between two to six online sportsbooks to go live, but retail sports betting remains prohibited.
Vermont bettors will be very familiar with DraftKings due to playing its Daily Fantasy Sports tournaments, and DraftKings was be one of the first sportsbooks to receive a license. The operator went live in Vermont on January 11, 2024 when Vermont sports betting went live.
DraftKings Sportsbook VT - Sports Betting Law and Bills Timeline
- 📆 January 11, 2023: Vermont sports betting went live and with it, DraftKings sportsbook started accepting registrations and bets in the state.
- 📆 June 14, 2023: Gov. Scott signs HB 127, and sports betting in Vermont is legalized. The baton now passes to the Vermont Department of Liquor and Lottery, which is looking to launch online sports betting in early 2024.
- 📆 May 7, 2023: The Senate votes in favor of HB 127, and a signature from the Governor will make Vermont sports betting legal. Betting tax is agreed at 20%.
- 📆 March 24, 2023: Rep. Birong proposes HB 127, a sports betting bill similar to SB 77 introduced by Dick Spears in 2021. HB 127 quickly passes a House vote, in part due to the successes of the sports betting industry in other states.
- 📆 February 8, 2021: Senator Dick Spears introduces SB 77, which looks to legalize sports betting in Vermont by allowing up to six online sportsbook licenses. The bill gains no support, and no progress is made.
- 📆 January 26, 2020: Three different sports betting bills are put forward. One of the bills, SB 59, actually passes a Senate vote, but the worldwide Covid-19 pandemic derails progress made, and all three bills die on the House floor.
- 📆 February 24, 2019: HB 484 is tabled by Representative Thomas Burditt. The sports betting bill proposes making online and retail sports betting legal in Vermont. HB 484 gains little support and does not make it to a House vote.
- 📆 May 14, 2018: The US Supreme Court overturns PASPA (the Professional and Amateur Sports Protection Act of 1992). This allows individual states to determine the legality of sports betting and ends Nevada's near monopoly on sports betting.
How to Claim DraftKings Vermont Bonus Code
We've claimed the DraftKings bonus code in other states, and the process is very straightforward. Simply click any DraftKings link on this page to create a new account. After the registration process, you will be given $200 in bonus bets to use after placing your first $5 bet.
DraftKings Sportsbook Vermont Bonus Terms
- Not many terms have to be met when claiming the DraftKings sign up bonus. If you meet the criteria set out below, you'll be eligible for one of the best welcome promotions in Vermont.
- You must be a new DraftKings customer
- Your first deposit must be at least $10
- Your first bet placed must be on a pregame market
- This bonus is now available to be used in Vermont.
DraftKings VT Sportsbook Bonus types
Sports fans in Vermont can now start betting as legal sports betting is now available. One of the best things about sportsbooks entering a new state is that the best sites have many different bonuses to enjoy. DraftKings is known for offering regular generous promotions, and all of these will be provided by DraftKings Sportsbook now that sports betting is available in Vermont.
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Bonus Bets
Bonus bets are a common reward from online sports betting promotions, such as the DraftKings welcome bonus, allowing you to bet without risking your own money. With the best bonus bets, you will be able to withdraw any profits from successful bets, not including the value of the bonus bets.
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Same Game Parlay Boosts
Same game parlays have become very popular as the bet concludes for one event while giving you a chance to win big. Same game parlays are easy to place using the DraftKings app, and you can receive odds boosts of up to 100% if your same game parlay has four legs or more.
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Refer a Friend
You can earn up to $100 for every friend you refer to DraftKings Vermont. Send your friends an exclusive DraftKings Vermont link that you generate from your account, and you'll receive bonus bets for every friend that deposits $25 or more.
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Event Specific Bonuses
DraftKings offers odds boosts and bonus bet offers for all major sporting events, such as the Super Bowl, World Series, and golf and tennis majors. DraftKings Daily Fantasy Sports users in Vermont will be used to this, and it is good to see this trend continuing in states where sports betting is legal.
DraftKings Sportsbook VT Review Summary
DraftKings VT Sportsbook Top Features:
- Single wallet for sports betting, horse racing betting, and Daily Fantasy Sports
- Access to DraftKings Social
- DraftKings Reignmakers feature
- Free-to-play prediction pools
Pros & Cons
DraftKings Vermont Sportsbook In-depth
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Betting and User Experience
DraftKings is a great choice for new sports bettors. As Vermont has only just passed legislation legalizing sports betting, many residents will be unsure how to use an online sportsbook. DraftKings makes this easy, from signing up, claiming your bonus code, depositing funds, or placing your bets. Once you've registered your account, you'll find hundreds of professional and college sports betting options.
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Live Betting
You can place live bets with DraftKings, and a dedicated section of the sportsbooks shows all live events. What's even more impressive is that there DraftKings gives users the chance to live-stream sports while betting on the action. However, live streaming is only available on the DraftKings mobile app.
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Ongoing promos
You'll find odds boosts, bonus bet promotions, and free-to-play sportsbook pools with DraftKings Sportsbook. You can even win cash prizes if you finish near the top of the leaderboard in the pool events. We don't know the exact details of what promotions will be available yet, so check this page when sports betting launches.
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DraftKings Sportsbook App Vermont
Our team believes DraftKings has one of the best sports betting apps in the industry, which is supported by excellent ratings on the Apple App Store and the Google Play Store. The app is easy to use and very intuitive, making it simple to find your bet from the thousands of available markets.
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DraftKings Loyalty Program
DraftKings' rewards program is Dynasty Rewards, and every bet you place earns you Tier Credits and Crowns. You can cash in your Crowns for bonus bets, merchandise, and even event tickets. Meanwhile, Tier Credits help you level up tiers. This is the same rewards system used for Daily Fantasy Sports, so regular DFS players in Vermont will already be aware of the excellent value offered by Dynasty Rewards.
Payment Options for DraftKings VT Betting
Deposits are processed instantly through the DraftKings cashier and can be done via several different payment methods. You can deposit with bank cards, e-wallets, prepaid cards, and online banking. Withdrawals are processed in 1-5 working days, and you can pay out to e-wallets, prepaid cards, and online banking.
Deposit Methods:
- Visa
- Mastercard
- PayPal
- ACH
- Online Banking
- Play+
Withdrawal Methods and Days of Waiting:
- PayPal (1 day)
- Play+ (1 day)
- Online Banking (2-5 days)
- ACH (2-5 days)
What Sports and Vermont sports teams will I be able to bet on at DraftKings Sportsbook VT?
There is no professional Vermont sports team, so fans tend to support the Massachusetts-based major league franchises. DraftKings has over 20 different sports to bet on, and we've listed the most popular sports leagues below.
NFL
The New England Patriots represent all six New England states, including Vermont. The Patriots are the most successful football team in the Super Bowl era, winning the Lombardi Trophy a record six times. DraftKings is an official betting partner of the Patriots, so expect to see lots of odds boosts for Pats games.
NBA
Vermont basketball fans typically root for the Boston Celtics, the joint most successful team in NBA history. You can place futures bets with DraftKings on the Celtics to win the next championship, as well as moneylines, prop bets, and same game parlays.
MLB
The Boston Red Sox is one of the most famous sports franchises in the world, and Vermont fans can expect to see plenty of enhanced odds offers and giveaways. The Red Sox are partnered with DraftKings, so keep your eye out for same game parlay boosts on Red Sox games.
NHL
DraftKings is an official betting partner of the Boston Bruins, the most popular hockey team in Vermont. Expect lots of odds boosts for Bruins games alongside the usual bets such as moneylines, spreads, totals, and prop bets for the whole NHL.
Other Sports and E-Sports
Betting on college sports will be allowed in Vermont, so you can enjoy placing bets on March Madness. Unfortunately, betting on in-state college teams is not permitted, meaning you won't be able to wager on the University of Vermont Catamounts, the only DI school in the Green Mountain State.
Betting on horse races is already legal in Vermont. However, we don't know if DK Horse, DraftKings' horse racing app, will launch. E-sports betting has not been legalized, so we don't expect any legal sportsbooks to offer odds on these events.
DraftKings Vermont most popular bet types
Online sportsbooks give you hundreds of different betting markets to enjoy, and DraftKings has arguably the most extensive range of bet types and betting options available. Here are the most popular bet types that Vermont bettors will enjoy.
- Moneylines – The simplest bet type that requires you to pick the winner of an event.
- Spreads – DraftKings apply a handicap to the favorite and an advantage to the underdog, and you need to bet on which team will win, considering these adjustments.
- Totals – DraftKings predicts the combined final score of an event, and you have to guess whether the final amount will be over or under that.
- Parlays – With parlay betting, you can add multiple wagers to a single bet. You will need every part of your bet to succeed for your parlay.
- Live Bets – You can place live bets like moneylines, spreads, and totals once an event has started. Odds and available markets will change depending on what's happening during the event.
- Futures – A futures bet is placed on a significant event that concludes in the future. An example would be betting on the New England Patriots to win the Super Bowl.
- Prop Bets – A bet on the performance of a player or team that isn't related to the final outcome of an event. An example would be betting on a player to score a touchdown in a game.
DraftKings VT Sportsbook vs. Other Sportsbooks in Vermont
With up to six online sportsbook licenses available, we know that competition in Vermont will be fierce. While DraftKings will undoubtedly be one of the best betting sites in VT, other sportsbooks will be launching that give customers an excellent betting experience.
We believe Caesars Sportsbook and FanDuel Sportsbook will be awarded a sports betting license in VT. Caesars typically offers the largest sign up bonus in any state in which it operates, and we expect Caesars to have an insured bet bonus offer of up to $1,250 for new players. FanDuel might have a similar welcome promotion with a Bet $5 Get $200 in Bonus Bets Instantly
Both sites have an easy registration process, an app that is simple to use, and many betting options. You can easily place bets with both operators, including parlays and same game parlays.
As with DraftKings, both FanDuel and Caesars allow you to live-stream sports. However, DraftKings provides the weakest selection of live streaming options, with Caesars letting you watch the NFL and FanDuel providing MLB streams. Additionally, FanDuel and Caesars allow you to live stream on a desktop.
FanDuel, like DraftKings, came from a Daily Fantasy Sports background and provides a rewards scheme that gives you points for playing fantasy sports as well as sports betting.
Our teams found all three sportsbooks to offer an excellent user experience, and you should take a look at what all three have to give you when betting launches in Vermont in early 2024.
Do you have to pay taxes on any winnings at DraftKings Vermont Sportsbook
You are required to declare all your gambling winnings to the IRS and complete a W-2G form if you win more than $600. Depending on your income level, you must also pay Vermont taxes between 3.3% and 8.75% on your gambling winnings.
Responsible Betting at DraftKings Vermont
The Department of Liquor and Lottery oversees all Vermont sports betting activities and sets the rules and regulations relating to responsible gambling measures. Like all good Vermont sports betting sites, DraftKings will give customers responsible gambling tools such as bet limits, time limits, and deposit limits. DraftKings will also provide links to external organizations supporting anyone suffering from problem gambling.
DraftKings Sportsbook Vermont: Final Verdict
Up to six online sportsbook licenses can be issued by the Vermont Department of Liquor and Lottery, and DraftKings was one of the first operators to go online together with FanDuel. DraftKings has operated in Vermont for several years with its Daily Fantasy Sports product, and this familiarity will help when licenses are being awarded.
There are many different reasons why DraftKings is one of the best US sportsbooks. A generous welcome promotion for new customers and you can bet on over 20 sports, with thousands of markets available yearly. The DraftKings app is easy-to-use, responsive, and even lets you bet on live sports while streaming.
Bookmark this page, and from time to time head right back here to ensure you take advantage of the best DraftKings promotions in the Green Mountain State.
DraftKings VT FAQ's
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Can I use DraftKings sportsbook in Vermont?
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Yes as sports betting launched on January 11, 2024. Now you can enjoy legal sports betting offered by up to six sportsbook operators. DraftKings VT was one of the first sports betting sites available in the state together with FanDuel Vermont.
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What states can I use DraftKings sportsbook?
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You can use DraftKings Sportsbook in Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee, Virginia, Washington (limited to tribal land), West Virginia, Vermont and Wyoming.
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Can you sports bet in Vermont?
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Yes. Vermont legalized sports betting in June 2023, and it went live on January 11, 2024. DraftKings is one of the operators that are live in the state and is accepting sports bets on different sports and events all over the world.
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Can I have multiple DraftKings Vermont accounts?
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No, you can only have one DraftKings Vermont account. You can sign up with multiple sportsbook operators but are limited to one account and one sign up bonus with each operator.
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