Mobile Sports Betting Bill Submitted In Vermont

A bill has been introduced that could see sports betting legalized in Vermont.

The Bill S 213, filled by senators Dick Sears and Michael Sirotkin, will see mobile-only  sports betting introduced to the state in July 2020 if it passes its final stages.

The state-run Board of Liquor and Lottery, which will oversee the regulation of the law if passed, will issue a mobile sports wagering license, providing those applying pass application and background checks.

Operators and suppliers will have to pay a license fee of $10,000 to successfully implement mobile sports betting in Vermont, along with a 10% tax on gross sports revenue, to be paid monthly.

Currently, Vermont is one of the few states in the US with no land-based casinos, with the lottery the only commercial gambling on offer in the state, which legalized daily fantasy sports in 2017.

With nearby New Hampshire projecting $7.5m in revenue in 2021 from sports betting, which became legal last month, public finances could receive a boost in Vermont if the bill is passed.

A separate sports wagering bill in the state failed when put forward last year; under the proposal, it would be legal to bet on both professional and college sport.

Bitcoin (BTC) $ 41,934.00 2.16%
Ethereum (ETH) $ 3,168.15 3.39%
Binance Coin (BNB) $ 471.26 3.17%
Tether (USDT) $ 0.996248 0.58%
Cardano (ADA) $ 1.56 6.33%
USD Coin (USDC) $ 0.999728 0.18%
Solana (SOL) $ 138.22 3.84%
XRP (XRP) $ 0.753478 2.03%
Terra (LUNA) $ 76.04 9.60%
Polkadot (DOT) $ 25.22 5.34%
S&P 500  ^GSPC 
$4,662.85  $3.82  (0.08%)
Dow Jones Industrial Average  ^DJI 
$35,911.81  $201.79  (-0.56%)
NASDAQ Composite  ^IXIC 
$14,893.75  $86.95  (0.59%)
Russell 2000  ^RUT 
$2,162.46  $3.02  (0.14%)
Crude Oil Feb 22  F*CL.NYM 
$85.00  $1.18  (1.41%)
$0.0000  $0.0000  (0.00%)