Vermont legalizes online betting – boosting revenue, job creation, and empowerment

• Online sports betting is not currently legal in Vermont.
• However, a bill that would legalize online sports betting was passed by the Vermont Legislature on May 17, 2023, and was signed into law by Governor Phil Scott on May 23, 2023.
• The law will go into effect on January 1, 2024.
• Under the law, residents will be able to place sports bets online through licensed operators.
• Operators will be required to pay a 10% tax on all sports bets placed through their platform.
• The revenue generated from the tax will be used to fund a variety of programs, including education, healthcare, and public safety.

Benefits of Legalizing Online Sports Betting in Vermont:

• Generates significant revenue for the state.
• Creates jobs in the gaming industry.
• Gives Vermonters more options for placing sports bets.
• Helps to regulate the sports betting industry and protect consumers.