In February, Vermont reported a sports betting handle of $21 million, marking steady growth in the state’s sports betting market. This news comes as a positive sign for the sports betting industry in Vermont which has been steadily increasing in popularity.
The sports betting handle represents the total amount of money wagered on sports events within the state. The $21 million handle in February indicates a significant increase from previous months, showing a promising trend for the industry in Vermont. The growth in sports betting activity can be attributed to a number of factors, including the increasing popularity of sports betting among residents and the availability of new betting options.
The rise in sports betting activity in Vermont is also notable given the challenges faced by the industry in recent years. With the legalization of sports betting in many states across the country, Vermont has faced stiff competition from neighboring states with more established sports betting markets. However, the recent increase in sports betting handle suggests that the industry in Vermont is gaining momentum and attracting more interest from bettors.
Overall, the $21 million sports betting handle in February is a positive sign for the sports betting industry in Vermont. The steady growth in sports betting activity indicates that there is a strong demand for sports betting in the state, and suggests that the industry is poised for continued growth in the coming months. With the increasing popularity of sports betting and the availability of new betting options, Vermont’s sports betting market is expected to continue to grow and thrive in the near future.
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