Vermont’s first year of legal sports betting was a success, with basketball leading the way as the most bet on sport, followed by football and tennis. Nearly $200 million was wagered, resulting in over $6.3 million in tax revenue for the state. The numbers paint a picture of a small but engaged betting community in Vermont. Despite being a new market compared to neighboring Rhode Island, Vermont showed great potential for growth, with per capita betting activity on par with the more established state. With continued growth and upcoming sporting events like the Australian Open and March Madness, Vermont is poised to become a competitive market in the world of sports betting. This success is a positive sign for the future of sports betting in the state, and expectations are high for increased activity and revenue in the coming years.
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