DraftKings Vermont Promo Code & Review

Vermont sports betting has now launched, and residents can look forward to up to six online sportsbooks 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. This means you can effectively start up your betting experience in Vermont with a boost. 

Is DraftKings Online Sportsbook Live 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 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.

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

DraftKings Vermont Sportsbook In-depth

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.

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.