Vermont close to releasing sports betting legalisation final findings

Nenad Bukva 1 year ago
Vermont close to releasing sports betting legalisation final findings

The “Sports Betting Study Committee” found that the State’s interests would be best served by legalising sports wagering in Vermont

The committee looking at the prospect of sports betting in Vermont is close to releasing its final findings, which include allowing mobile betting in the Green Mountain State.

Online gaming apps have become much more popular than live betting in the states that allow sports betting. Additionally, the study committee has advised against first permitting betting at retail sites, which can be expensive to maintain, considering how rural Vermont is.

The “Sports Betting Study Committee” was established by legislation passed by Vermont lawmakers earlier this year. As the name implies, the committee’s mission is to research the pros and cons of regulating sports betting in the state and to provide recommendations.

Members now only need to endorse a final draught of their report before it is sent to lawmakers, who can then choose if they want to implement any of the committee’s recommendations, like approving online sports betting in the state.

The draught report indicates that “as a first step, the Committee found that the State’s interests would be best served by legalising sports wagering. The Committee also found that its institutional aims would be in line with a legal and regulated market.”

These priorities include giving customers additional protection, bringing ongoing unlawful gambling into a regulated market, and bringing in money for the state in the form of taxes.

Vermont is one of the only 14 states that hasn’t legalised sports betting, so any suggestion would be a big step in the right direction.

There will be significant pressure on lawmakers to at least take legalisation into consideration given the millions of dollars in potential tax income. Since the Supreme Court opened the door in 2018, a $7 billion industry has developed around legal sports betting.

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