BetMGM, DraftKings, FanDuel, Fanatics Betting and Gaming, and PENN Entertainment have submitted bids for the right to offer sports betting in'Vermont, where lawmakers earlier this year legalized digital-only betting. The list was published late Monday on the state’s government website after a Request for Proposals was opened in July. The original deadline for bids was Aug. 28, but the deadline was extended to Sept. 6.
The biggest operator not on the list is Caesars Sportsbook. DraftKings is the only operator live in every state that borders Vermont.
The bids themselves are not yet available, but Vermont’s new law allows for up to six digital platforms, and bids will be vetted based on a rubric based out of 1,000 points with 800 possible points allotted to the “Technical Criteria” section and 200 allotted to the “Revenue Criteria” section. Bidders will get preference for working with companies based in Vermont, using products manufactured in the state, and' “demonstrating business practices that promote clean energy and address climate change.”
Selected operators will sign a contract with the state for three years, and are required to already be licensed and operating in at least three U.S. jurisdictions. Among the other qualifications needed to bid were that operators be “full service,” have responsible gambling programs, and provide a detailed explanation of integrity monitoring plans.