5 Operators Make Bids to Offer Mobile Sports Betting in Vermont 5 Operators Make Bids to Offer Mobile Sports Betting in Vermont
Key Takeaways
  • Five major operators vie for mobile sports betting in Vermont.
  • Department of Liquor and Lottery (DLL) to issue at least two licenses.
  • Caesars Sportsbook surprisingly absent from the bidders.
  • Licensing based on a 1,000-point grading system.
  • Successful bidders get three-year contracts with renewals.

Five operators — BetFanatics, BetMGM, DraftKings, ESPN Bet, and FanDuel — are interested in offering mobile sports betting in Vermont, according to a list of bids submitted to a request for proposals (RFP) by the state.

The bid opening tabulations sheet posted last week by the state’s Department of Liquor and Lottery (DLL) does not include the actual bids, but that information is expected to become available to the public in the near future.

Vermont lawmakers directed the DLL to negotiate revenue-sharing agreements with operators rather than tax them directly when they wrote the state’s new gaming law. The only stipulation is that the state receives at least 20%.

The DLL will ultimately issue at least two licenses for mobile sports betting, but not more than six. That means the aforementioned operators could all be licensed. The market is expected to launch on January 1, 2024. The regulator issued the RFP in July.