Vermont Sports Betting Bill would authorize 6 mobile sports betting

Multiple bills to legalize sports betting Vermont failed last year, but their sponsors are back in 2021.

Main sponsor Senator Dick Sears and co-sponsors Senator Michael Sirotkin, Senator Christopher Pearson and Sen. Richard Westman filed P 77 last week. The bill would authorize and allow VT sports betting through the lottery six mobile sports betting operator.

Sears and Sirotkin filed a mobile-only betting bill last year, but it never received a committee hearing. Sirotkin also sponsored a bill to set up a sports betting study committee, but it passed away without hearing the House committee after the Senate passed.

S 77 is currently waiting for a hearing in the Senate Committee on Economic Development, Housing and General Affairs.

More details on the Vermont sports betting bill

S 77 is 15 pages but does not contain many details. The bill demands the Alcohol and Lotteries Department to find out many of the finer details.

The bill would let bets through Vermont lottery Retailers for everyone 18 or older. However, it is up to the department to decide what type of bets are allowed.

While the bill limits the maximum number of mobile sports bets to six, no minimum is listed.

S 77 also expressly forbids betting Vermont Colleges or any college event in Vermont. However, this would not include a ban on wagering on a college tournament that includes VT colleges or any portion of the events taking place in the state.

Taxes and fees not included

It’s not clear what it would cost to get one of these six mobile licenses. S 77 does not contain any information, tax rates or license fees.

Sen. Sears was referring to an esteemed $ 3 million in annual tax revenue from sports betting in one with the Brattleboro Reformer. Coming from Governor Phil Scott‘s Fiscal year 2022 Budget proposal that includes $ 2.5 million On sports betting revenue, Sears told LSR.

Vermont could soon be surrounded by legal sports betting

Vermont could be completed very quickly, surrounded by jurisdictions with legal sports betting.

Vermont has three border states in Massachusetts, New Hampshire and new York. It is also bounded by the Canadian province Quebec in the North.

Massachusetts is currently the only one of the four countries with no legal betting. However, it seems plausible to change that this year as several MA sports betting bills are live.

New York sports betting could finally be expanded and also include mobile operators Governor Andrew Cuomo and the usual legislative suspects driving competing proposals.

Canadian sports betting is currently limited to parlays at the federal level. C-218 however, will likely reverse this and create a much more robust sports betting landscape in Canada.

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