Senate Bill 77 would allow the Vermont Department of Liquor and Lottery to regulate and operate sports betting.
US.- Senators in the state of Vermont have introduced a bill that would allow up to six sports betting brands as well as the chance to wager through lottery retailers.
Senate Bill 77, put forward by Senators Richard Sears, Christopher Pearson Michael Sirotkin and Richard Westman, proposes that the Vermont Department of Liquor and Lottery regulates and operates sports betting.
Any earnings obtained after administrative costs would go to the Vermont General Fund
While the regulator would have the power to decide which bets are accepted in person, players will also be able to bet online.
The department would impose daily, weekly and monthly wager limits “consistent with the best practices in addressing problem gambling” and would provide a self-exclusion service.
The bill has had its first reading and will now be referred to the Senate Committee on Economic Development, Housing and General Affairs. If it passes that hurdle, it will come into effect on July 1.