Vermont is set to become the next state to pass sports betting in the US as lawmakers filed a new bill to regulate the segment.<\/p>\n\n\n\n\n\n\n\n
US.- The gambling industry continues to expand in the country and sports betting is taking over the US. Vermont has become the latest to push a bill to set rules on the segment, with its own particular regulation.<\/p>\n\n\n\n
Senators Dick Sears and Michael Sirotkin filed bill S213, which aims to set only mobile betting. The piece of legislation would set US$100k licencing fees on both suppliers and operators, reported Legal Sports Report.<\/p>\n\n\n\n
S213 plans a 10% monthly tax on gross sports betting revenues in the US state. Moreover, a 10% tax on DFS revenues put in place of the existing US$5k annual fee, LSR said. The Board of Liquor and Lottery would oversee the segment, and potential losses would offset operators\u2019 future tax payments.<\/p>\n\n\n\n
Sports betting records<\/strong><\/p>\n\n\n\n As the segment continues to evolve, it manages to thrive nationwide. That\u2019s why Nevada posted record sports betting handle at US$614.1 million last November.<\/p>\n\n\n\n According to state figures, the amount came in as casinos took in US$937.5 million in total revenue.<\/p>\n\n\n\n Moreover, gambling establishments reached a US$31 million revenue, up 14.3% year-on-year. The best performing sport was American football, as it brought US$22.5 million on stakes of US$384.6 million. The second place saw Basketball taking in US$8.1 million from US$399.3 million worth of wagers.<\/p>\n\n\n\n According to state figures, Nevada sports betting had players betting US$11.2m on sports parlay cards. Operators took in US$2.4 million, while casinos made US$4.2 million on US$53.2 million from the rest of the sports.<\/p>\n\n\n\n October figures<\/strong><\/p>\n\n\n\n According to the Nevada Gaming Control Board<\/a><\/em><\/strong>, October<\/a><\/em><\/strong> marked the second month in a row in which the state hit the US$1 billion mark in gaming win. Vermont is set to become the next state to pass sports betting in the US as lawmakers filed a new bill to regulate the segment.<\/p>\n","protected":false},"author":2,"featured_media":2118,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Vermont lawmakers have introduced S213, a bill to regulate mobile-only sports betting, proposing US$100k licensing fees for B2B suppliers and B2C operators, and a 10% monthly tax on Gross Gaming Revenue. This development underscores the continued expansion of the US iGaming market, as evidenced by Nevada's recent record-setting sports betting handle and overall gaming win figures. The legislation outlines a specific regulatory framework, including oversight by the Board of Liquor and Lottery and provisions for tax payment offsets.","focusai_entities":"Dick Sears, Michael Sirotkin, Legal Sports Report, Board of Liquor and Lottery, Nevada Gaming Control Board","focusai_location":"Vermont, US, Nevada","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), affiliate_publisher (0.7), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Vermont Regulatory Impact","query":"What specific governance frameworks and compliance challenges might arise from Vermont's proposed mobile-only sports betting model, particularly concerning B2B\/B2C licensing and GGR taxation?"},{"label":"Market Entry Strategy","query":"How do the proposed US$100k licensing fees for both suppliers and operators, coupled with a 10% GGR tax, position Vermont competitively for market entry compared to other regulated US states?"}],"footnotes":""},"categories":[16331,162,155],"tags":[233,2319],"class_list":["post-2116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-elsewhere-news","category-north-america","category-sports-betting-news","tag-sports-betting","tag-us"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=2116"}],"version-history":[{"count":1,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2116\/revisions"}],"predecessor-version":[{"id":2117,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2116\/revisions\/2117"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2118"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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