Vermont Sportsbook Promos: Get up to $400 in Bonuses in April 2024

All Vermont sportsbook promo codes and bonuses

After the Vermont legislature paved the way for legal sports betting, Gov. Phil Scott wasted no time signing HB 127 into law. With Scott putting pen to paper, up to six of the nation's best sportsbooks and best sports betting apps are guaranteed to launch in the Green Mountain State.

Sports betting platforms in VT went live on Jan. 11, 2024, giving Vermonters a handful of betting options. Five sportsbooks submitted a bid for an online sports betting license, but only three — DraftKings, FanDuel, and Fanatics — launched in the state on Day One.

Below, you'll find a list of verified Vermont sportsbook promo codes and welcome bonuses for the three online sportsbooks in the Green Mountain State:

Vermont legislation allows for up to six online sportsbooks to operate in the state. BetMGM and ESPN BET both applied for licenses but did not launch on Jan. 11, 2024. The competition for the final spot could be fierce, with players like bet365 or Caesars Sportsbook being the odds-on-favorite. 

*Have applied for a Vermont online sports betting license, but not launched yet.

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 $200 in bonus bets offer. Now that DraftKings has launched its platform in the Green Mountain State, its sign-up promo is among the top Vermont sportsbook bonuses.

In addition, DraftKings offers new and existing users a no sweat SGP for every NBA playoff game.

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. 
• Whether your initial bet wins or loses, DraftKings will credit your account with $200 in bonus bets.
• The reward will be dished out as eight (8) $25 bonus bets.
• You must use the bonus bets within seven days, or they will expire.

Bet $5, Get $200 in Bonus Bets

+ No Sweat SGP Every Day of NBA Playoffs 🏀

Claim $200

Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site. 21+ and present in VT. Gambling Problem? Call 1-800-GAMBLER.

DraftKings Vermont $1,000 deposit match bonus

DraftKings has an alternative welcome offer to consider. It's a 20% deposit match, up to $1,000 in bonus funds. To maximize this promotion, you'd need to make an initial deposit of $5,000. These bonus funds come with a playthrough requirement, meaning you would have to wager $25,000 to unlock the full $1,000 bonus for withdrawal.

This may be beyond the budget of an average casual sports bettor, but it's a potentially lucrative choice if your bankroll supports it. 

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?

It's hard to imagine a more bettor-friendly Vermont welcome bonus than what DraftKings offers. You can nab $200 in bonus bets after a qualifying real money wager of just $5.

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 eight $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 that $75 would be your total reward. 

Why DraftKings’ bonus is better than the others

What sets DraftKings' offer apart from other Vermont sports betting promos is its low wagering requirement. Betting $5 to gain $200 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. FanDuel Vermont welcome offer 🔵

Like its rival DraftKings, FanDuel is already well-known in VT for its daily fantasy sports offerings. Now that its terrific sports betting platform has launched in the Green Mountain State, it provides new users with one of the best Vermont sportsbook promos — a bet $5, get $150 in bonus bets deal.

Here are the bonus' most pertinent details:

• While a FanDuel promo code isn't needed to obtain the bonus, you do have to download the sportsbook’s mobile app. 
• After signing up for a new account, your initial deposit must be $10 or more.
• Place a qualifying wager of $5 or more on any sports market.
• Win or lose, you'll score an extra $150 in bonus bets from FanDuel.
• You will receive the bonus bets within three days of your first wager settling.
• The bonus bets have a lifespan of seven days.

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

Bet $5, Get $150 in Bonus Bets

New customers only. Deposit min. $10. Place first bet of $5+ and get $150 in Bonus Bets win or lose (within 72 hours).

Claim $150

Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site. 21+ and present in VT. Gambling Problem? Call 1-800-GAMBLER.

FanDuel promo pros and cons

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

Of the Vermont betting promos available, only a few allow users to get bonus funds for almost zero risk. FanDuel is one of those sportsbooks since you only have to slap down $5 to claim $150 in bonus bets. You can also pick any market you like, so keep FanDuel's reputation as one of the best live betting sites in mind. 

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

If you make any $5 qualifying wager, you'll get $150 in bonus bets. The true potential for profit comes from how you use those bonus bets. If you consistently pick winners, your $150 could grow and grow. If your bonus bets are used for losing wagers, you could end up with nothing in the long run. 

Why FanDuel’s bonus is better than the others

The true advantage of FanDuel VT's offer lies in the bonus being ultra flexible. You can split up the $150 in any way you want. You can make a single $150 wager, ten $15 bets, or 150 $1 micro-wagers. You get to decide. 

3. Fanatics Vermont welcome offer 🧢

Fanatics is the third and final sportsbook that launched in Vermont on Jan. 11, 2024. While not as popular as DraftKings or FanDuel, they bring a solid product to the masses and one that comes with a rare no-deposit welcome bonus. Fanatics is offering $50 in bonus bets for all new VT customers who are 21 or older and register a new account. 

• Download the Fanatics Sportsbook VT app and make a new account.
• You won't need a Fanatics promo code to take advantage of this deal.
• Once your account is created, you'll receive $50 in bonus bets. No deposit required.
• Use the bonus bets to make wagers without risking your own money.
• Profits from winning bets can be cashed out immediately.
• Bonus bets cannot be withdrawn as cash and expire in seven days.

Get $50 in Bonus Bets (No Deposit Required)

Terms and conditions apply

Claim $50

Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site. 21+ and present in VT. Gambling Problem? Call 1-800-GAMBLER.

If you're looking to break away from the FanDuel and DraftKings duopoly, give Fanatics a whirl. You might just find it suits all your needs. Read our detailed Fanatics review for more information. 

Fanatics Sportsbook promo pros and cons

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

The Fanatics Vermont sign-up promo will net you a quick $50 in bonus bets just for signing up as a new customer. It's a rare no-deposit sportsbook bonus. 

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

The obvious value of this promo is $50. However, those bonus bets cannot be withdrawn as cash. You can only use them to make additional wagers on Fanatics Sportsbook. Your true earning potential comes from how those wagers perform. If you win, you'll have a balance to withdraw. If your picks lose, your $50 could turn to $0 quickly.

Why Fanatics' bonus is better than the others

While the $50 value might seem low compared to other welcome offers, this is a true no-deposit bonus. You don't have to make any sort of real money deposit or wager in order to collect this promotion, truly setting it apart from the rest. 

More potential Vermont sportsbooks promos

Only three sportsbooks are available in Vermont on launch day, but we expect more to join the party in the near future. Both BetMGM and ESPN BET have applied for VT betting licenses and are likely to launch in the state soon. On the other hand, Caesars has not confirmed any interest in Vermont, which is a bit odd considering how prevalent the sportsbook is in other legal states. 

Here's everything you need to know about the welcome promos from the sportsbooks we think are likely to join the Vermont scene sometime later in 2024.

BetMGM Vermont expected welcome offer 🦁

One of the industry's more historic brands, BetMGM's reliability and recent focus on delivering high-quality parlays make 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 $1,500 in first-bet insurance.

Do you 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 refund you via bonus bets if it loses.

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

The $1,500 first bet insurance brings a maximum of $1,500 in bonus bets. However, you have to lose your first bet in order to collect, putting you in the hole right away. However, you can use those bonus bets to make additional wagers, giving you a chance to get back to even (or hopefully more).

Why BetMGM’s bonus is better than the others

BetMGM's bonus is better than others due to its sheer dollar value. Few other sportsbooks offer bonuses of $1,000 or more, and BetMGM's offer hits the $1,500 mark. 

ESPN BET Vermont expected welcome offer 🏈

ESPN BET burst onto the scene in November 2023, launching in 17 different states on the same day. Now they aim to expand their reach by applying for betting licenses in states that are new to the legal betting scene, like Vermont. 

If ESPN BET does end up launching in Vermont, we expect they will bring their $100 in bonus bets welcome offer. It's a nice and simple bonus:

• Register a new account at ESPN BET. You won't need to enter any ESPN BET promo code.
• Make a minimum deposit of at least $10.
• Make any real money bet, on any available betting market.
• Win or lose, ESPN BET will credit your account with $100 in bonus bets.
• The bonus bets come as five (5) $20 bonus bets.
• Bonus bets cannot be withdrawn as cash and expire in seven days.

ESPN BET also has a secondary bonus: a 200% first deposit match, up to $500. This bonus arrives as Eligible Cashback and unlocks at 10% of every sportsbook bet you make. Best of all, you can actually claim both welcome bonuses simultaneously. 

For more information about this exciting new product from the Worldwide Leader in Sports, head over to our ESPN BET review.

ESPN BET promo pros and cons

What does the ESPN BET sign-up promo mean for you?

The expected ESPN BET Vermont welcome promo is exactly what it sounds like: $100 in bonus bets in exchange for a bare minimum risk. After making an account and depositing $10 (the minimum), you can bet any amount, on any market, and with any odds. Win or lose, you'll earn $100 in bonus bets.

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

The $100 in bonus funds cannot be cashed out directly. Instead, you must use the five $20 bonus bet tokens to make additional wagers. If those picks turn out to be winners, you get to keep the profits. So the total amount of money you can earn depends on how your bets turn out, and the odds associated with your picks.

Why ESPN BET bonus is better than the others

The expected ESPN BET Vermont promo requires the least risk of all. You can bet as low as $1 (or less, if allowed) to claim the $100 bonus. Other books typically require a minimum bet of at least $5 (or sometimes more) to snag their bonus funds.

Caesars Vermont expected 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 $1,000 first bet insurance new-user offer would enter the Green Mountain State as one of the most profitable Vermont sportsbook bonuses.

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 Sportsbook promo code — projected to be SBRBONUS1000 — 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 $1,000, 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' potential 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 $1,000 — 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 that may come to the Green Mountain State, Caesars' would be among the most lucrative in terms of total dollar value.

How we rate and review sports betting promotions

Now that legal sports betting has officially arrived in VT, our industry experts have spent 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

Now that we know which sportsbooks launched in Vermont on Jan. 11, 2024, we can pass on all the relevant bonus information to you. There are typically three types of welcome bonuses that are most common: bet and get bonus bets, first-bet insurance, and deposit matches. 

All three VT online sports betting sites started by offering bet and get deals, giving guaranteed bonus bets to new users. However, sportsbooks often change their promos from time to time, so let's go over the other basic promos you might see:

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. The bonus funds are used to make additional wagers on the site, where you can keep the profit if you win. You cannot withdraw bonus bets directly.

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 often provides one of the most lucrative first bet insurance offers in legal markets with a bonus of up to $1,000.

Referral bonus

Even after the welcome bonuses are claimed, collected, wagered, cashed out, and spent, the promotions aren't over. Most major sportsbooks offer a referral bonus to any customer who successfully recruits a friend to sign up too.

Just send your pals your unique download link. If they create an account and make a minimum first deposit and wager, you'll get a nice monetary bonus from the sportsbook company. Check out of list of the best sportsbook referral bonuses to see who tops the list. 

Vermont online sportsbooks

Vermonters are no longer in the dark when it comes to legal sports betting. House Bill 127, which allows between two to six online sportsbooks to operate within the state, received Gov. Phil Scott's signature and became law on June 14, 2023. For various reasons, including fee structure and operator interest, it was initially projected that Vermont would welcome two to three sportsbooks rather than the maximum six. However, five operators submitted license bids, and three of them launched on Jan. 11, 2024, the first day of legal online sports betting in Vermont.

Here are the Vermont online sportsbooks and Vermont sports betting apps that either have licenses or are considered frontrunners to earn one:

Vermont online and mobile sportsbooks

*Have launched in Vermont

**Could potentially launch in Vermont in the future

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.

Before that, though, make sure you're up to speed on all the latest updates on Vermont sports betting and the best Vermont betting apps.

Vermont sports betting promos quick facts

Responsible sports betting with Vermont promos

With HB 127 becoming law, the Vermont Department of Liquor and Lottery (DLL) oversees sports betting in the state. Its duties 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

Promotions & bonuses by state 🌎

Ready to translate your insights into a bet? Find the best sportsbook promos for each corresponding state below. Or check out our legal sports betting state tracker to find the latest betting regulatory information for all 50 U.S. states.