Vermont Senators have introduced a bill to permit sports betting in the state, operated via the Vermont Department of Liquor and Lottery with up to six online brands, as well as through lottery retailers.
Senate Bill 77 was introduced by Senators Richard Sears, Christopher Pearson Michael Sirotkin and Richard Westman.
The Department’s proceeds from wagering, after administrative costs, will go to the Vermont General Fund.
Bets will be classed into tiers, with Tier I referring to pre-game bets on final outcomes, Tier II referring to live bets and Tier III referring to other bets such as prop bets. While all three types of bets may be placed online, the bill would give the Department the power to determine which bills are accepted in person.
The Department will set daily, weekly and monthly wager limits “consistent with the best practices in addressing problem gambling” and offer a self-exclusion scheme.
The Commissioner of the Department of Liquor and Lottery may create further rules around the oversight of gambling.
The bill has been read for the first time and referred to the Senate Committee on Economic Development, Housing and General Affairs. If passed, it would come into effect on July 1.