Vermont Sportsbook Promos and Sports Betting Launch News

The best sports betting sites in the country are focused on Vermont where the launch of legal online sports betting is expected to happen in January 2024. The hope is for Vermont online sportsbooks to go live in time for the 2023-24 NFL playoffs. Once they do, they'll all be fighting for market share with exclusive Vermont sportsbook bonuses and promotions, including deposit match bonuses, bonus bets, first bet offers and more.

Typically all you’ll have to do is sign up for a new account with a Vermont online sportsbook to become eligible to receive the welcome bonuses. After that, you can continue to claim other ongoing Vermont sportsbook promotional offers. Here’s a rundown of everything you need to know about the different sportsbook bonuses and promos coming to Vermont and how to claim them.

Top 5 Vermont sportsbook bonuses

See below for the best sportsbook bonuses & promotions from top online sportsbooks expected to launch in Vermont.

Best Vermont sportsbook promo codes

Vermont's new online sports betting law authorizes up to six sites to launch in the state, although the number may end up being fewer than that. In any case, we expect at least some of the following popular US sportsbooks to launch in Vermont, and when that happens here are the welcome offers that Vermont sports bettors should be in line to receive from the top sports betting sites.

Caesars Vermont promo code

Caesars Sportsbook has become one of the most popular online sportsbooks in the US in several states, and it should prove a favorite in Vermont as well. We expect Caesars to offer the same offer in VT is has elsewhere, with new sign-ups eligible to receive up to a $1,000 Bonus Bet if their first bet loses.

Caesars covers wide range of markets and different bet types while also featuring a terrific live betting platform. The site offers frequent odds boosts and other bonuses, and new sign-ups also get to join the famed Caesars Rewards program that can earn them more site bonuses among other benefits.

Here are details explaining how the Caesars Sportsbook welcome offer works:

• When registering your new Caesars Sportsbook account, enter the bonus code NEWS1000.
• Place a first bet within 30 days and if it loses, receive back the equivalent amount in the form of a Bonus Bet worth up to $1,000.
• After that first bet has been settled, you’ll see the Bonus Bet in your account within two days.
• Use your Bonus Bet within 14 days or else it will expire.
• If you win with your Bonus Bet, you only receive the winnings and not the bet amount back.

Caesars Sportsbook welcome offer pros and cons

Pros

• Provides a nice start to betting on the site with a second chance to win your first bet
• You can take your time making that first bet as you have 30 days to do so
• If you lose your first bet and receive the Bonus Bet, you have two full weeks to decide how to use it

Cons

• You have to lose your first bet in order to receive any bonus
• You must risk your own money on that first wager in order to have an opportunity to receive the bonus
• Winning with the Bonus Bet only earns you the winnings from the wager and not the bet amount back

What will the Caesars Sportsbook Vermont welcome offer be?

New Vermont users should receive the same $1,000 First Bet welcome offer Caesars Sportsbook has in other states. Lose your first bet and receive the bet amount back as a Bonus Bet worth up to $1,000.

What can I win with the Caesars Sportsbook welcome offer?

If you do receive a Bonus Bet after losing your initial wager and then make a winning wager with your Bonus Bet, you’ll receive the winnings from that wager but not the bet amount back as with regular cash wagers.

What makes the Caesars Sportsbook welcome offer stand out from other offers?

Of all the “second chance on your first bet” welcome offers online sportsbooks have, Caesars’ is one of the larger ones with its $1,000 maximum.

BetMGM Vermont promo code

Known as the “King of Sportsbooks,” BetMGM Sportbook is another favorite around the US and will surely be one should it launch in Vermont. BetMGM has applied for an online sports betting license and should be one of the new sites in VT. When that happens, Vermont bettors should be able to take advantage of BetMGM’s nice welcome offer of up to $1,500 paid back in Bonus Bets should they lose their first wager on the site.

BetMGM Sportsbook offers lots of ways to bet on many different sports and leagues with a wide range of standard pregame bets (moneyline, spread, totals) plus lots of props, futures, and live betting opportunities. BetMGM is generous with bonuses and promos, too, with free pools, ongoing refer-a-friend bonuses and more. There’s also the BetMGM Rewards program for added benefits.

Here’s how that welcome offer works at BetMGM Sportsbook:

• Start by entering the bonus code SPORTSPICK when you create your BetMGM Sportsbook account.
• Deposit at least $10.
• Make a first bet and if you lose get back the equivalent amount in Bonus Bets up to $1,500 within 24 hours of the bet being settled.
• For losing bets up to $50, you receive the Bonus Bet as a single bet. If you bet more than $50 and lose, you’ll get your refund (up to $1,500) in five Bonus Bets divided equally (20% each).
• You’ll have seven days to use your Bonus Bet(s).
• If you use a Bonus Bet and win your wager, you receive the winnings but not the wager amount back.

BetMGM Sportsbook welcome offer pros and cons

Pros

• It enables you to lose a first bet but still have get a second chance at winning
• You can receive back up to $1,500 in Bonus Bets, and if it is more than $50 the bets get split up into smaller amounts you can use separately
• You receive the Bonus Bet(s) within 24 hours, a quick turnaround

Cons

• You have to lose your first wager to receive any welcome bonus
• You have to use your Bonus Bet(s) within seven days
• Winning with the Bonus Bet(s) earns you the winnings, but not the bet amounts back

What will the BetMGM Sportsbook Vermont welcome offer be?

BetMGM Sportsbook has a “First Bet Offer” that awards you up to $1,500 in Bonus Bets if you lose your first bet after registering.

How much can I win with the BetMGM Sportsbook welcome bonus?

As with similar offers, you can win whatever you get from placing winning wagers with your Bonus Bets. The longer the odds on those bets, the more you can potentially win.

How does the BetMGM Sportsbook welcome offer compare to other sites’ offers?

Getting $1,500 back in Bonus Bet(s) makes the BetMGM Sportsbook offers one of the most generous versions of the “second chance” offers that let you lose a first wager but get a second try at it.

BetRivers Vermont promo code

BetRivers Sportsbook is another site that has launched in many states and could be among those coming to Vermont. BetRivers has a lot to offer and many have found it a great choice elsewhere. Like the sites described above, BetRivers also has a “second chance” welcome offer that gives new sign-ups a free bet refund worth up to $500 should they lose their first wager.

The BetRivers sports betting site has all the most popular sports and leagues covered plus a lot of other international markets, too. You’ll find plenty of props and futures as well as a robust live betting platform. There are ongoing promos like matched bonus bets, parlay insurance, “bet & get” bonuses and more, and BetRivers also has a well-liked loyalty program, iRush Rewards.

Here is a look at how to get the BetRivers Sportsbook welcome offer and what you get with it:

• Sign up at BetRivers Sportsbook using the bonus code SPORTSRIV.
• Deposit at least $10 into your account.
• Make a first bet, and if you lose get the bet amount back as a Bonus Bet worth up to $500. (Note that this amount varies from state to state and could be different in Vermont.)
• You’ll see the Bonus Bet in your account within 24 hours, and then you’ll have 30 days to use it.
• The Bonus Bet has to be used on wagers with odds of -200 or longer, and if you win with it you’ll receive the winnings but not the bet amount back.

BetRivers Sportsbook welcome offer pros and cons

Pros

• You get two tries at your first wager on the site
• Should you lose your first wager, you’ll have the Bonus Bet to use within 24 hours
• If you receive a Bonus Bet, you have 30 days to use it

Cons

• The $500 maximum is less than what other sites offer with their “second chance” welcome bonuses
• As with other “second chance” welcome offers, you have to risk money in order to have a chance at the bonus, and you won’t receive a bonus at all if you win your first wager on the site (but you will receive money for winning your first bet)
• You only get back winnings and not the bet amount should you win with your Bonus Bet

What will the BetRivers Sportsbook VT welcome offer be?

Expect BetRivers Sportsbook to feature a “Second Chance Bet” welcome offer in Vermont similar to what it has in other states. With the offer, if you lose a first wager on the site you get the bet amount back as a Bonus Bet. BetRivers has different maximums with this offer depending on the state, with the highest being $500.

What can I win with the BetRivers Sportsbook welcome offer?

You’ll win whatever winnings you receive from placing a winning wager with your Bonus Bet. Note that you’ll have to lose a bet first in order to get the Bonus Bet, so your winnings will technically represent the difference between your losing wager and what you win with the Bonus Bet (if it is a successful wager).

What makes the BetRivers Sportsbook welcome offer special?

The BetRivers’ “second chance” offer isn’t as large as what other sites have, but getting the Bonus Bet in your account within 24 hours is nice, as is having 30 days to use it.

FanDuel Vermont promo code 

Vermont already knows FanDuel thanks to its daily fantasy sports site. FanDuel Sportsbook is one of the most popular across the US, and FanDuel has already applied for a license to launch in Vermont. FanDuel has a great welcome offer inviting new sign-ups simply to make an initial $5 wager and get back $200 in Bonus Bets.

You can bet on around two dozen different sports at FanDuel. The site offers lots of props, futures, alternate lines, and popular premade same-game parlays. There are lots of ongoing promos, too, like profit boosts, free pools, pick-em contest, special “no sweat” bets and more.

Here are the details of that FanDuel Sportsbook welcome offer:

• Use the links on this page to create your FanDuel Sportsbook account.
• Make a first deposit of at least $10 into your FanDuel account.
• Place a qualifying bet of at least $5.
• Whether your bet wins or loses, you receive $200 in Bonus Bets.
• You can use your Bonus Bets in whatever increments you like, but you have to use your Bonus Bets within seven days or they will expire.
• Winning wagers with Bonus Bets award the winnings only and not the bet amounts.

FanDuel Sportsbook welcome offer pros and cons

Pros

• Unlike other offers, you don’t have to risk much of your own money to receive the bonus — just $5 to get $200 in Bonus Bets
• Also unlike other offers, it doesn’t matter if your initial wager wins or loses, you get the bonus either way
• You don’t have to use your Bonus Bets all at once (unless you want to), as you can divide up how you use the Bonus Bets any way you like

Cons

• You can’t just withdraw the Bonus Bets, but you have to wager them
• You only have a week to use all $200 of your Bonus Bets
• If you win with Bonus Bets, you only get the winnings and not the wager amounts back

What will the welcome offer at FanDuel Sportsbook VT be?

FanDuel Sportsbook has been featuring the same welcome offer in all states where it operates to bet $5 and get $200 in Bonus Bets. They sometimes add perks to that offer, such as at the start of the NBA season when they threw in a free three-month subscription to NBA League Pass.

What can I win with the FanDuel Sportsbook welcome offer?

With the FanDuel offer, whatever you win with the $200 in Bonus Bets is yours to keep. If you can make some successful bets, that will mean a nice profit given the fact that you only had to make a $5 bet up front in order to receive the $200 in Bonus Bets.

What makes the FanDuel Sportsbook welcome offer special?

The FanDuel Sportsbook offer is great for many reasons. It is simple and easy to claim and use. You don’t have to make a large wager up front to receive the bonus, and it also doesn’t matter if your first bet wins or loses as you get the bonus either way. Finally, $200 in bonus bets is quite generous and if you make some winning bets you’ll be able to have a nice bankroll right away without any significant expense.

DraftKings Vermont promo code

DraftKings is likewise known to Vermont sports fans thanks to its popular DFS site, and they’ll surely be gravitating to the DraftKings Sportsbook as well. DraftKings has also applied for a license to launch in Vermont, and when it does we expect it will feature the same multi-part welcome offer worth up to $1,200 it runs in other states.

DraftKings Sportsbook has a lot of great features, including competitive odds and a strong selection of live betting options. There are many markets available with tons of betting opportunities in each. DraftKings also has frequent ongoing promotions like profit boosts, free pools, “stepped up” parlays and more.

The DraftKings Sportsbook welcome offer includes a deposit match bonus worth up to $1,000, a $50 Bonus Bet just for depositing at least $5, and another $150 in Bonus Bets for making a first wager of at least $5. Here are more details on the offer explaining how each part of it works:

• Sign up for a DraftKings Sportsbook account via the links on this page.
• Make a first deposit of at least $5 and get a $50 Bonus Bet.
• When you make your first deposit, DraftKings will give you a 20% deposit match bonus worth up to $1,000 in Bonus Bets. Be aware this bonus comes with a 25x wagering requirement.
• Finally, when you place an initial bet of at least $5, you get $150 more in Bonus Bets delivered as eight $25 Bonus Bets that you’ll have seven days to use.
• If you go for the full deposit match bonus, you can receive as much as $1,200 in Bonus Bets all told. Keep in mind that when you wager with Bonus Bets (aka DK Dollars) and win, you only receive the winnings and not the wager amounts.

DraftKings Sportsbook welcome offer pros and cons

Pros

• There are multiple welcome offers and not just a single offer
• You don’t have to risk a lot — just $5 — to receive a total of $200 in Bonus Bets
• You also don’t have to worry about winning or losing your first wager to get a bonus as with other sites’ offers

Cons

• The 20% deposit match bonus worth up to $1,000 might sound good, but with a 25x wagering requirement it is truthfully only useful to high-stakes bettors
• You only get a week to use the $150 in Bonus Bets awarded for making your first wager of at least $5
• You only receive winnings and not the bet amounts when you use Bonus Bets

What will the welcome offer at DraftKings Sportsbook VT be?

When DraftKings Sportsbook Vermont launches, we expect the site to feature the same multi-part welcome offer it has in other states: a $50 Bonus Bet just for depositing $5, another $150 in Bonus Bets for making a $5 wager, and a 20% deposit match bonus worth up to $1,000 in Bonus Bets.

What can I win with the DraftKings Sportsbook welcome offer?

Depending on how much in Bonus Bets you gather, you can win whatever you earn by placing successful wagers with them.

What makes the DraftKings Sportsbook welcome offer better than others?

DraftKings Sportsbook outdoes other sites with multiple offers rather than just one. Also, the $200 total in Bonus Bets you can receive just for depositing and wagering $5 is the best deal around, and you don’t even have to win or lose your first bet. The deposit match bonus offer is unique as well, although not all new users will likely try to take advantage of it.

Vermont sportsbook bonuses pros and cons

Types of Vermont sportsbook promo and bonus offers

The welcome bonuses and ongoing promotions coming soon from new online betting sites in Vermont will fall into the following categories.

Deposit match bonuses

Get up to 100% of your first deposit matched in bonus funds. Sportsbooks will limit the bonus size you can claim and attach wagering requirements. 

Referral bonuses

You share a personal referral code with friends and family, and if they use it to sign up, deposit, and bet, you both get a bonus. Sportsbooks will attach wagering requirements to the bonus. 

First-bet offers

You get a refund if you lose your first bet. Sportsbooks will limit the size of the refund you can claim. Most refunds are bonus bets or site credit, not cash. That means wagering requirements are attached, and payouts don't include the stake.

Odds boosts

You’ll receive better than the usual odds on specific bets. Daily odds boosts are available, but provide no value if the boosted bet isn't a winner. 

Bet insurance

Get a refund if you lose a specific bet or your parlay comes up one leg short. Sportsbooks will limit the size of the refund you can claim, and most refunds are bonus bets or site credit, not cash. That means wagering requirements are attached, and payouts don't include the stake.

Bet & get bonuses

Here, you’ll get a bonus when you place a specific bet. Most bet & get bonuses are bonus bets or site credit. That means wagering requirements are attached, and payouts don't include the stake.

App-only offers

Place a specific bet with one of the best sports betting apps to receive a bonus. This won’t be available on the sportsbook website. 

Special event offers

Get a bonus when you place a particular bet on special event odds like World Series odds, Super Bowl betting lines, or March Madness. Special event bonuses are often bonus bets or site credit. That means wagering requirements are attached, and payouts don't include the stake.

Loyalty offers and programs

Earn points with every bet, and the points are redeemable for rewards like cash and bonus bets. 

Important Vermont sportsbook bonus and promo conditions

Terms and conditions will be attached to every bonus and promo offer from Vermont online sports betting sites. Be ready to see these stipulations. 

Banking options

Your ability to withdraw the winnings from a bonus could be limited to specific banking methods. 

Wagering requirements

You might be forced to bet a bonus amount a minimum number of times before you can withdraw winnings. 

Betting limitations

There may be limits on the odds or bet types available for wagering bonus funds.

Time limits

These would force you to use a bonus before an expiration date or meet all wagering requirements within a specific timeframe. 

Maximum withdrawals

Some offers could limit your ability to withdraw winnings of a particular amount, forcing you to make multiple withdrawal requests on big wins.

Vermont sport-specific betting promos

Vermont has no teams in the four major US pro sports leagues. However, state residents have been known to support Boston-based teams, like the Red Sox (MLB), the Celtics (NBA), the Bruins (NHL), and the Patriots (NFL).

Because of those teams’ proximity to the state, you can expect Vermont online sportsbooks to run related promos (eg. NFL betting promos) to attract fans. College sports are big, too, which means several betting promos should also surround local college teams.

How do I claim a Vermont sportsbook bonus?

Many times, all you’ll need to do is sign up for a new account through the links on this page to claim a bonus from a Vermont online sportsbook. Sometimes, you may need to enter the promo or bonus code, but those will all be listed on this page as well.

You may need to place a qualifying bet or meet specific wagering requirements to get your hands on the bonus. All of this will be outlined in the terms and conditions attached to any Vermont online sportsbook bonus offer.

Vermont sportsbook promo codes FAQ

Can I get more than one bonus from a Vermont online sportsbook?

No, you’ll almost certainly be limited to one bonus from each Vermont online sportsbook, and sometimes the limit will be one per household. However, you can claim that one bonus from every Vermont online sportsbook. Sign up at as many sportsbooks as you like. 

What sports can these bonuses be used on?

Pretty much any sport should qualify. If betting on the sport is available in Vermont, you can use your bonus on it.  

Why should I use the promo codes here on The Sporting News?

The promo codes on this page get you the best bonuses available. When you plug in the code during registration, the sportsbook knows we sent you and gives you the bonus we negotiated for you.

Are these promo codes for regular customers, too?

The promo codes on this page are for new customers only. Once you’ve got an account with a sportsbook, you can take advantage of other bonus offers and ongoing promos.

Related Pages:

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