Vermont sports wagering handle reaches $18.4m during November
Players walked away with more than $16m in winnings.
Key Points
- Player bets averaged $23 during the month
- Vermont sports bettors wagered more on football than any other sport last month
Vermont’s Department of Liquor and Lottery has released its sports wagering results for November. Last month’s sports betting handle totaled just over $18.4m.
More than 801,000 bets were placed in Vermont during the month, with the average wager amounting to $23.
However, players from neighboring states did their part in helping Vermont reach that $18m mark. Out-of-state players accounted for nearly a fifth of all wagers that were placed last month and bet close to $4.5m.
They also placed higher bets on average than players who live in Vermont. The average bet per out-of-state player was $27.76 last month, which was more than $6 higher than the average wager placed by Vermont residents.
Players in Vermont took home more than $16.2m in June winnings. Vermont’s operators posted almost $2.1m in adjusted gross sports wagering revenue during November.
Last month, football was the game of choice for Vermont’s sports wagerers. Bets placed on football totaled $6.2m, nearly a third of the state’s total November handle.
Basketball and tennis grabbed the number two and three spots for the month, generating nearly $5m and $0.9m respectively.
Soccer bets generated another $730,000 to add to Vermont’s $18.4m handle, while table tennis chipped in close to $576,000. All other sports contributed the remaining $4.9m
More than 35 states have established legal and regulated sports betting markets since the US Supreme Court overturned the Professional and Amateur Sports Protection Act of 1992 (PASPA) in May 2018, also known as the Bradley Act.
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