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The Department of Liquor and Lottery in Vermont has released its November sports wagering statistics, which indicate a remarkable handle of more than $18.4 million. The popularity of various sports, player behavior trends, and the effects of out-of-state participation are all highlighted in the research.
In November, almost 801,000 wagers, with an average of $23, were placed in Vermont. It’s interesting to note that players from nearby states were instrumental in increasing the handle. Approximately 20% of all wagers, or nearly $4.5 million, came from out-of-state bettors.
Additionally, compared to Vermonters, these players tended to wager more money per wager. They wagered an average of $27.76, which was more than $6 more than the average of $21.69 wagered by local players.
In terms of winnings, bettors in Vermont collected over $16.2 million last month. Meanwhile, operators reported approximately $2.1 million in adjusted gross sports wagering revenue during the same period.
Football dominated as the most popular sport among Vermont bettors, generating $6.2 million in wagers—about one-third of the total handle. Basketball followed with nearly $5 million in bets, while tennis secured third place, bringing in close to $900,000.
Soccer and table tennis also made notable contributions, adding $730,000 and $576,000, respectively. Other sports collectively accounted for $4.9 million of the total handle, underscoring the variety in wagering preferences.
The performance of Vermont fits into a larger pattern in the sports betting market in the United States. More than 35 states have legalized and regulated sports betting markets after the Professional and Amateur Sports Protection Act (PASPA) was repealed by the US Supreme Court in 2018. This year, Vermont joined the expanding list, demonstrating impressive results in its first few months of operation.
With football at the forefront and strong involvement from players from outside the state, Vermont’s sports betting market seems set to continue expanding.