Vermont sportsbook bill would open market to six brands
| By Daniel O'Boyle
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.