Draft bill would allow for statewide mobile wagering in Vermont

Draft bill would allow for statewide mobile wagering in Vermont

Article brief provided by SportsHandle
  • Jill R. Dorson, SportsHandle
May 3, 2022 6:57 PM
  • Jill R. Dorson, SportsHandle

A draft Vermont sports wagering bill obtained by Sports Handle reveals a proposal that would allow for statewide mobile wagering regulated by the Board of Liquor and Lottery. The prospective legislation would allow for up to six mobile platforms and require potential operators to go through a bidding process during which applicants would essentially name their own tax rate.

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The bidding process outlined in the bill resembles New Hampshire law, which allowed for up to 10 digital platforms and required operators to bid. The lottery there ultimately gave DraftKings a virtual monopoly on mobile wagering in exchange for taking 51% of the operator’s gross gaming revenue. New Hampshire will eventually have a second mobile platform, Sports 603, that will be run by the lottery. A partner for that platform has not yet been announced.