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.

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