Vermont Moneyline Betting: DraftKings, FanDuel, and Fanatics Are Your Only Options

Vermont launched online-only sports betting in January 2024. The state licensed exactly three operators: DraftKings, FanDuel, and Fanatics Sportsbook. That's it. No BetMGM, no Caesars, no PointsBet. If you're betting moneylines in Vermont, those three books are your entire market.

I've traded lines professionally. Three books is a thin field. Compare that to Colorado, which has 20 active licensed sportsbooks. More operators means more price competition, which means better moneylines for bettors. Vermont bettors are working with a fraction of that competition.

Does having only three sportsbooks hurt Vermont moneyline bettors?

Yes, meaningfully. Not line-shopping — accepting the first moneyline price seen — leaves meaningful expected value on the table over hundreds of bets. With only three books available, you're already limited in how far you can shop. In a state like Arizona with 17 licensed operators, a bettor might find a +175 where Vermont's three books are all sitting at +160. That gap adds up fast across a full season. See exactly how to work the price differences you do have access to in Line Shopping Moneylines — How to Find the Best Price Every Time.

Are DraftKings, FanDuel, and Fanatics actually different enough to bother comparing?

Sometimes, yes. Even the biggest books diverge on opening lines, especially for smaller conferences, international soccer, and niche markets. Check all three before placing any moneyline bet. The difference between -115 and -120 on a favorite you're betting $500 on is real money over time. For a broader look at how these operators stack up on line quality and limits, visit Best Licensed Sportsbooks for Moneyline Betting.

What about welcome bonuses at Vermont's three books?

All three operators offer welcome promos, but read the fine print before you assume you're getting free money. Bonus bets are non-withdrawable — only the winnings generated from using them can be cashed out. Rollover requirements can run as high as 25× the deposit plus bonus amount. Many offers also require minimum odds on the qualifying bet. Vermont is a legal, regulated state, so bonuses are real, but they're not simple. The details are in Welcome Bonuses for Moneyline Bettors — What the Fine Print Says. Must be 21+. Gambling problem? Call 1-800-GAMBLER.

Can I use a Vermont sportsbook if I'm visiting from another state?

Your eligibility depends on your physical location when you place the bet, not your home address. Sportsbook apps use geolocation to verify you're inside Vermont's borders. If you're physically in Vermont, you can bet on DraftKings, FanDuel, or Fanatics regardless of where you live. If you're a Vermont resident traveling to a state without legal sports betting, those apps won't work there. For a current map of where mobile moneyline betting is active, see Legal States for Moneyline Betting — Where You Can Bet Right Now.

The bottom line for Vermont bettors: you have three solid, fully licensed options. The market is limited compared to most legal states, so discipline around line shopping those three books every single time is more important here than anywhere else.