Efforts to legalize sports activities betting in Vermont

0
72

The bill would allow betting through Vermont Lottery retailers for anyone 18 or older

L.

Main Sponsor Sen. Dick Sears and co-sponsors Sen. Michael Sirotkin, Sen. Christopher Pearson and Sen. Richard Westman filed S77 last week that would be billed to VT Sports betting through the lottery and allow up to six mobile sports betting operators.

The proposal calls for the Alcohol and Lotteries Department to find out many details, according to the Legal Sports Report.

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 awaiting a hearing in the Senate Committee on Economic Development, Housing and General Affairs.

S 77 is 15 pages long but does not contain many details. The bill tells the liquor and lotteries department to find out many of the finer details.

The bill would allow betting through Vermont Lottery retailers for anyone 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 specifically prohibits betting on Vermont colleges or college events 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.

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

Sen. Sears cited an estimated $ 3 million in annual tax revenue from sports betting in a statement from the Brattleboro Reformer. This emerges from Governor Phil Scott's proposed budget for fiscal year 2022, which includes $ 2.5 million in sports betting revenue, Sears told LSR.

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 also borders the Canadian province of Quebec to 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 expand to include mobile operators as well, with Governor Andrew Cuomo and usual legislative suspects pushing competing proposals forward.

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