Vermont posts $16.2m April sports betting handle

Players took home more than $14.5m in winnings.

Vermont’s Department of Liquor and Lottery has released its sports wagering results for the month of April. The state’s sports betting handle reached more than $16.2m last month.

Players placed more than 663,000 bets were placed in Vermont last month, with the average wager totaling $24.49.

However, players from neighboring states did their part in helping Vermont reach that $16.2m mark. Out-of-state players wagered nearly $3.4m in April.

Players outside of Vermont also placed higher bets on average than those who live in the state. The average bet per out-of-state player was $28.17 last month, which was more than $4 higher than the average wager placed by Vermont residents.

Good to know: The average bet for Vermont residents reached $23.69 in April

Last month, players in Vermont took home more than $14.5m in winnings. Vermont’s operators posted almost $1.5m in adjusted gross sports wagering revenue in April.

Basketball was the game of choice for Vermont’s sports wagerers last month. Bets placed on basketball totaled $4.6m, more than 25% of the state’s total monthly handle.

Baseball and soccer grabbed the number two and three spots for the month, generating nearly $2.9m and $1.8m respectively.

Tennis wagers last month generated another $0.7m to add to Vermont’s total handle, while eBasketball chipped in close to $0.5m. All other sports contributed the remaining $5.6m.

To date, 38 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.

Laura Mack

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