Vermont sports betting handle increases in February
The handle increased 3.3 per cent year-over-year.
US.- Vermont Liquor and Lottery has reported that the state’s sports betting handle was $21.9m in February. That’s an increase of 3.3 per cent year-over-year. Adjusted gross wagering revenue was $2.6m, while winnings totalled $19m.
Basketball led the market with a $8.7m handle, followed by soccer with $1.7m and tennis with $1.5m. American football generated $1.2m and e-basketball $680,161.
Of the total handle, $13.9m was bet in Vermont and $8m out of the state. There were 14,020 active users in the state and 14,536 out of state. The total number of bets was 685,292, with 501,377 in Vermont and 183,915 out of state.
A bill recently introduced in the Vermont House of Representatives proposes to ban certain event contracts. The proposal has been referred to the Committee on Government Operations and Military Affairs.
Sponsored by Rep. Thomas Stevens, House Bill 913 proposes to prohibit “prediction market securities or commodities on the outcome of certain events.” The ban would cover prediction markets involving sports, contests, natural persons, politics and campaigns, disasters, war, all-hazards or death.
