The committee studying the idea of sports betting in Vermont is putting meat on the bones of its preferred system for legal wagering in the state.
Vermont’s Sports Betting Study Committee met again on Tuesday to continue its work and wound up settling on some recommendations to lawmakers.
One was that the New England state should have a revenue-share model that is set through a competitive bidding process and that entitles Vermont to 20% of online sports betting receipts by law. The other is that there should be another legal minimum of two online sportsbook operators in the state and a maximum of six.
