Vermont lawmakers establish a sports betting study committee to examine the potential regulated market.
This is standard practice for markets looking to go live.
If Massachusetts approves sports betting, Vermont would become the only New England without it.
MONTPELIER, Vt. – There may be some positive movement in the Vermont betting market with the establishment of a new sports betting study committee.
The committee will examine the potential benefits and risks associated with launching a market in Vermont.
There may be a draft for a potential Vermont sports betting bill floating around, as this committee shows lawmakers behind the scenes are strongly considering launching a regulated market.
Sports Betting Vermont Incoming
The committee was established after the passage of SB 11. While this is a commerce and trade; consumer protection bill, a clause within the bill establishes the committee.
The studying of a potential market is an early step many markets take before they begin presenting sports betting bills to the House and Senate.
The information gathered from the study will be used when attempting to persuade other lawmakers or residents should it come to a city vote.
The Board of Liquor and Lottery would likely be the division that regulated sports betting unless lawmakers create a gaming-specific market. Since there are no casinos in Vermont, the market would likely run similar to Tennessee where it’s only online betting.
Vermont’s neighbors in New York and New Hampshire already host regulated markets. Their neighbors to the south in Massachusetts could potentially see a market launch within a year should current bills pass.
The Green Mountain State could potentially become the only state without a betting market in the northeast, a further reason why lawmakers are likely looking to examine the potential market.
With mobile betting being the most popular form of betting in the US, Vermont could thrive by offering odds through online sportsbooks.
Whereas markets like Tennessee offer many options for mobile sportsbooks, New Hampshire’s sports betting market is run exclusively by DraftKings. It is not farfetched to assume Vermont could follow in its neighbor’s footsteps and host just one sportsbook.
Of course, this is the earliest stage of betting that Vermont is in. Residents should feel optimistic, however, as a historically anti-gambling state like Vermont investing in sports betting research is a sign of tides shifting in the Green Mountain.
News tags: Board of Liquor And Lottery | Montpelier | SB 11 | Vermont
Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he’s not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.