Vermont sports betting gets closer

Vermont is pushing for sports betting and the Senate Committee on Economic Development just passed a bill to legalise it.

US.- Vermont took one more step towards sports betting legalisation as the Senate Committee on Economic Development passed a bill to potentially legalise it.

Senate Bill 59 doesn’t directly authorise the segment but creates a committee to study it. Should it pass, the state would assess if and how to regulate the vertical.

Even as the sports betting segment is going through a crisis, Vermont wants to keep going. The state is trying to be ready for when the COVID-19 pandemic ends and sports competitions resume.

The committee would go over several different models to regulate the industry. It would begin its study in July and cease to exist on December 30.

According to the proposed legislation, sports betting in Vermont has the potential to generate US$1.1-US$4.2 million annually. However, the House and the Senate need to pass the bill before the study could even begin.

The state wants to follow Maryland or Washington, which recently passed their own bills. They followed a growing trend in the US as more and more regions legalise the industry.

As one of the most successful verticals in gaming, sports wagering would sure thrive in Vermont.