Vermont sports betting committee recommending two to six operators, 20% tax rate

Vermont sports betting committee recommending two to six operators, 20% tax rate

Article brief provided by Covers
  • Geoff Zochodne, Covers
October 18, 2022 6:07 PM
  • Geoff Zochodne, Covers

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.

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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.