search menu
  • Home
  • keyboard_arrow_right Vermont Gambling Bill

Vermont Gambling Bill

March 26, 2023

share close

Vermont Gambling Bill

The Vermont House of Representatives has passed a bill, H.127, which would legalize online sports betting in the state. The bill was amended and given final approval on Friday, passing nearly unanimously. The bill sets aside at least 20% of the adjusted gross revenue made by sports betting operators such as DraftKings and FanDuel in the state each year. The state would also charge each company an annual operating fee that varies based on how many other companies are in the market. The bill is expected to bring in modest revenue, with Governor Phil Scott’s proposed 2024 fiscal year budget estimating $2.6 million, and the Legislature’s Joint Fiscal Office estimating $2 million after tweaks to the bill. The bill also includes provisions to mitigate the expected rise in problem gambling that may result from the legalization of online sports betting.

Rate it
Previous post

Subscribe Newsletter