Key Moments:
- Sports betting handle in Vermont reached $13.4m in August, marking an 18.58% year-on-year increase but a 9.5% sequential decline
- The state reported adjusted gross wagering revenue of $1.6m, with a total of $11.7m in winnings distributed
- Baseball attracted $3.1m in bets, up 3.3% year-on-year but down 2.7% compared to the previous month
Monthly Sports Betting Overview
The Vermont Liquor and Lottery authority disclosed that the state’s total sports betting handle for August was $13.4m. This figure demonstrates a rise of 18.58% compared to the previous year but reflects a 9.5% fall from the prior month. Adjusted gross wagering revenue came to $1.6m, while the total amount paid out in winnings amounted to $11.7m.
Handle and User Distribution
Out of the total handle, $4.2m was wagered within Vermont’s borders, representing an 18% increase over last year. The out-of-state handle reached $9.1m, registering a 21.1% annual gain. Vermont saw 7,127 active users, while 7,552 participated out of state. In total, 469,956 bets were placed during August, split between 109,323 in-state and 360,633 out of state. The average amount wagered per bet stood at $28.64.
| Category | In Vermont | Out of State | Total |
|---|---|---|---|
| Handle | $4.2m | $9.1m | $13.4m |
| Active Users | 7,127 | 7,552 | 14,679 |
| Number of Bets | 109,323 | 360,633 | 469,956 |
Breakdown by Sport
Baseball emerged as the leading market with $3.1m in bets. This amount increased by 3.3% over the previous year, though it was 2.7% lower than the prior month. The state also saw $1.6m wagered on table tennis, $1.2m on American football, $1m on ebasketball, and $832,390 on soccer.
Online Sports Betting Launch
Vermont’s online sports betting sector officially launched in January 2024.
- Author
Daniel Williams
