Vermont Sports Betting Promos and Bonuses: Best Expected Offers 2023

All Vermont sportsbook promo codes and bonuses

At this point, the odds of Vermont legalizing sports betting are high, with Gov. Phil Scott the last stop on HB 127's journey to becoming law. Should Scott put pen to paper, two to six of the nation's best sportsbooks and betting apps will be guaranteed to launch in the Green Mountain State.

The current timeline for sports betting platforms to go live in VT is January 2024, meaning it will take some time before we know for sure the options Vermonters will have. Even so, the history of active markets can act as a reference to help forecast Vermont's future sports betting landscape.

Below you'll find a list of potential Vermont sportsbook promo codes and welcome bonuses that we believe are likely to become accessible in the Green Mountain State eventually:

1. DraftKings Vermont welcome offer

Already active in Vermont via daily fantasy sports contests, DraftKings has swiftly risen to the top of the sports betting world, providing a product that features one of the best sportsbook promos for new users — a bet $5, get $150 in bonus bets offer. Should DraftKings launch its platform in the Green Mountain State, its sign-up promo would be the top Vermont sportsbook bonus.

Here are the most vital aspects of DraftKings' offer:

• You do not need a DraftKings promo code to begin.
• Following registration, you must deposit and wager $5 or more on any available sports market. 
• No matter whether your initial bet wins or fails, DraftKings will credit your account with $150 in bonus bets.
• The reward will be dished out as six (6) $25 bonus bets.
• You must use the bonus bets within seven days, or they will expire.

For a complete breakdown of the sportsbook, check out our DraftKings review.

DraftKings promo pros and cons

What does the DraftKings sign-up promo mean for you?

None of the expected Vermont sportsbook promos are as new-bettor friendly as DraftKings' bet $5, get $150 in bonus bets offer. So long as you place a mere $5 qualifying wager, you instantly receive $150 in non-withdrawable bonus bets — the reward doesn't contain any odds restrictions, either — to test out the platform further. 

How much money can you earn with the DraftKings sign-up promo?

The amount of real money you can earn with the DraftKings sign-up promo entirely depends on how many of your six $25 bonus bets hit. For example, if you place one of those bonus bets on a market with odds of +300 and win, you'd get $75 in withdrawable cash. If the rest of your wagers lose, then the $75 is your total reward.

Why DraftKings’ bonus is better than the others

What sets DraftKings' offer apart from other potential Vermont sports betting promos is its low wagering requirement. Betting $5 to gain $150 for your bankroll immediately — plus any withdrawable cash you earn if your wager wins — is about as low-risk an entry point as you can find in the sports betting space.

2. Caesars Vermont welcome offer

No operator in the industry radiates glitz and glamour like Caesars, and its sportsbook product manages to back up that flash with an impressive amount of substance. Its up to $1,250 new-user offer, which also contains 1,000 Caesars Rewards® Tier Credits and 1,000 Caesars Rewards Reward Credits, would enter the Green Mountain State as the most profitable Vermont sportsbook bonus.

Here's what else you should keep in mind when anticipating the possible arrival of Caesars' bonus in VT:

• You will need to use the active Caesars promo code — projected to be SBRBONUSFULL — to claim the offer. 
• Following registration and account creation, you must make a first deposit of $10 or more.
• Place your initial wager on any sports market. If it loses, Caesars will refund your stake, up to $1,250, as a lone bet credit.
• The bet credit cannot be divided into smaller wagers. It will arrive in your account within 48 hours of your qualifying bet settling.
• You will have 14 days to use the single bet credit.

Eager to learn more about the sportsbook ahead of its potential launch in Vermont? Read our unbiased Caesars review.

Caesars Sportsbook promo pros and cons

What does the Caesars sign-up promo mean for you?

The best Vermont sports betting promos will provide high value in some form or another, and with Caesars' offer, that value is obvious: Bet big and possibly win big. New users are incentivized to be a little riskier than normal out of the gate since, should your first bet lose, you'll get your stake back — up to $1,250 — as a non-withdrawable bet credit.

How much money can you earn with the Caesars sign-up promo?

Assuming your initial wager with Caesars goes down in flames, and you acquire the single bet credit reward, you can use it on either an underdog — for a potentially massive payout — or a favorite — for a higher chance of winning. Ensure you choose the path you're most comfortable with.

Why Caesars’ bonus is better than the others

Simply put: Of all the potential Vermont sportsbook promos coming to the Green Mountain State, Caesars' would be the most lucrative.

3. FanDuel Vermont welcome offer

Like its rival DraftKings, FanDuel is already well-known in VT for its daily fantasy sports offerings. Should its sports betting platform eventually come to the Green Mountain State, it would provide new users with one of the best Vermont sportsbook promos — a $1,000 no sweat first bet.

Here are the bonus' most pertinent details:

• While a FanDuel promo code isn't needed to obtain the bonus, you will have to download the sportsbook’s mobile app. 
• After signing up for a new account, your initial deposit must be $10 or more.
• Should your qualifying wager — which can be on any sports market — flop, FanDuel will return up to $1,000 to you in non-withdrawable bonus bets.
• You will receive the bonus bets within three days of your first wager settling as a loss.
• The bonus bets have a lifespan of 14 days.

For more expert insight, take a look at our thorough FanDuel review.

FanDuel promo pros and cons

What does the FanDuel sign-up promo mean for you?

Of the potential Vermont betting promos we're forecasting to come to the Green Mountain State, only a few allow users to be substantially risky with their initial wager. FanDuel falls in that category, reimbursing your stake, up to $1,000, should your first bet fail. And since you can wager on any sports market to trigger the bonus, be sure to search through the entirety of FanDuel's exhaustive betting menu — it’s one of the premier live betting sites — before finalizing your bet slip.

How much money can you earn with the FanDuel sign-up promo?

If you have a high risk tolerance, you may wish to use the bonus on an underdog to try and earn a significant payday. If your risk tolerance is low, you may prefer betting on a favorite to try and guarantee a more minor victory. Ultimately, the amount of real cash you can earn with bonus funds will depend upon your comfort level. 

Why FanDuel’s bonus is better than the others

It's doubtful that many Vermont sportsbook promos for first-time users will deliver $1,000 or more, but FanDuel provides just that. Additionally, you can split its reward into smaller wagers for increased flexibility.

4. BetMGM Vermont welcome offer

One of the industry's more historic brands, BetMGM's reliability and recent focus on delivering high-quality parlays makes it a solid addition to any user's sportsbook rotation. If it makes its way to the Green Mountain State in the future, it will likely tender new users a solid Vermont sportsbook bonus — up to $1,000 back in bonus bets.

Keep the following in mind when contemplating BetMGM's offer for new players:

• After signing up and logging in, you must deposit a minimum of $10.
• Pinpoint a sports market you prefer and place your initial wager. If it loses, BetMGM will refund your money, up to $1,000, as bonus bets.
• The bonus bets will be chopped into 20% denominations on wagers exceeding $50. Should you wager less than $50, you will garner a single bonus bet.
• You will receive the bonus within 24 hours and have seven days to use it.

Find the prospect of BetMGM launching in Vermont tantalizing? Then be sure to scour through our BetMGM review for even more details.

BetMGM promo pros and cons

What does the BetMGM sign-up promo mean for you?

When choosing a betting site like BetMGM, you can make a riskier first wager than you might typically be comfortable with because the sportsbook will issue you a refund, up to $1,000, in bonus bets should you lose.

How much money can you earn with the BetMGM sign-up promo?

If your first wager with BetMGM flops, the amount of actual cash you can garner with the bonus bets depends on their success. For example, you won't make any money if you receive five $200 bonus bets and they all lose. But should any of them win, the profits are yours to withdraw when you like.

Why BetMGM’s bonus is better than the others

Not all Vermont sportsbook promos are likely to be worth $1,000 or more. Not only does BetMGM deliver high maximum value, but its reward coming in five chunks — on losing first bets of $50 or more — presents an impressive degree of flexibility.

How we rate and review sports betting promotions

Should legal sportsbooks eventually arrive in VT, our industry experts will spend the appropriate amount of time reviewing and analyzing everything they offer. This includes giving particular attention to their Vermont betting promos to determine their quality.

Here are some of the questions we take into account as we make our conclusions:

• What is the minimum and maximum value of the sign-up offer?
• Is the sign-up bonus guaranteed, or does it require additional actions to activate?
• What type of offer is the welcome bonus? Is it a deposit match, a bet and get, or a first bet insurance offer?
• Do you need to plug in a promo code to redeem the offer?
• How demanding are the attached playthrough requirements, and can they be completed quickly?
• How fast do the bonus funds expire?

Types of Vermont sign-up offers and bonuses

Even before we know which online sportsbook operators will earn licenses, we can assume that Vermont's three most common betting sign-up offers will be deposit matches, bet and gets, and first bet insurance offers based on markets in other states. Here's a breakdown of how each of these bonuses works:

Deposit Match 

Deposit match bonuses are self-explanatory — following registration and initial deposit, the sportsbook will match however much you put down, up to a certain amount. For example, if the betting site you chose is offering a 100% deposit match up to $1,000, you can add $1,000 in real cash to your bankroll and receive an additional $1,000 in bonus funds. Don't forget that while cash can be withdrawn whenever you like, bonus funds are limited to being used with the sportsbook. 

Bet and get

Bet and get bonuses are arguably the best type of sign-up offer for first-timers since they typically have low wagering requirements that beget larger rewards. Following your initial deposit and wager — usually about $10 — the sportsbook will credit your account with bonus funds, regardless of whether or not your bet is successful. Sometimes, there will be an extra condition, such as requiring your first bet to win.

First bet insurance

First bet insurance — sometimes called a no sweat first bet — is highly prevalent among sportsbooks and will surely lead the most common Vermont betting promos. This sign-up bonus only triggers if your initial wager loses; from there, the sportsbook will refund your stake, up to a specified amount, as bonus funds. For example, Caesars generally provides the most lucrative first bet insurance offer in legal markets with a bonus of up to $1,250. 

Vermont online sportsbooks

Vermonters remain in the dark when it comes to legal sports betting — but that's likely about to change. House Bill 127, which would allow between two to six online sportsbooks to operate within the state, merely requires Gov. Phil Scott's signature to become law. However, for various reasons, including fee structure and operator interest, it’s projected that Vermont will initially welcome two to three sportsbooks rather than the maximum six.

Here are the potential Vermont online sportsbooks considered frontrunners to earn a license:

Vermont online and mobile sportsbooks

Vermont betting resources

Those new to wagering on sports may find the intricacies of Vermont sports betting promos overwhelming. To ensure you're prepared to take that next step, we've assembled some basic resource guides to read first, including how to bet on sports, read betting odds, and properly manage your bankroll.

Responsible sports betting with Vermont promos

If HB 127 becomes law, the Vermont Department of Liquor and Lottery (DLL) will oversee sports betting in the state. Its duties will include reviewing online sportsbook applications, approving licenses, maintaining security, and punishing rulebreakers. It will also lead the charge for responsible gambling, providing resources to prevent and treat addiction while continuously communicating safe gaming practices.

To help further mitigate gambling addiction, the DLL will work with operators directly to supply their users with tools such as self-exclusion lists, account budgets, and timed sessions. 

For more information about responsible gambling and addiction prevention, check out the following resources:

• The Howard Center at 802-488-7777
• National hotline at 800-522-4700
• Vermont Counselor Network
• National Council on Problem Gambling

Sportsbook promos and bonuses in other regions

U.S. states with legal sportsbook promos and bonuses

Sportsbook promos and bonuses in international regions

• Canada sportsbook promos (excluding Ontario)
• U.K. sportsbook promos