Gov. Phill Scott Signs Vermont Sports Betting Bill H.127 Into Law
Vermont sports betting is officially legal as Gov. Phill Scott signed H.127 into law. With this, all New England states have regulated sports betting markets. Vermont will likely see the launch of some of the best sports betting sites in the Green Mountain State as well as retail sportsbooks at bricks and mortar locations statewide. Now lawmakers will be working towards an official launch date.
When will Vermont sports betting begin? More details on that estimated timeline are below.
Vermont Sportsbooks Incoming
H.127 was presented earlier in the year by House Rep. Matt Birong. The measure successfully advanced out of both chambers with little resistance. Once lawmakers worked to bring sportsbooks to Vermont, the process went smoothly. This was due to lawmakers being in support of sportsbooks from the start, including Gov. Scott himself.
“I first proposed Vermont legalize sports betting several years ago and I’m happy the Legislature has come to an agreement, as well,” said Scott. “We know many Vermonters already participate in the marketplace and bringing it above board provides important resources and consumer protections. Vermont now joins many other states who have made this move, and I want to thank Commissioner Knight and her team, as well as members of the Legislature for their collaborative approach on this issue.”
Early 2024 Launch Target
Lawmakers are targeting a January 2024 launch window for online sports betting in Vermont. The Department of Liquor and Lottery (DLL) will oversee the sports betting industry. They will work to make the regulations for the upcoming market.
Licenses will be reviewed and issued in the coming months. Regulatory frameworks will determine the requirements for operators. If they meet the requirements then approvals will be granted. H.127 allows for up to six online sportsbook operators.
The bill summary states: “This bill would legalize sports wagering in Vermont and authorize the Vermont Department of Liquor and Lottery (DLL) to operate and regulate sports wagering. DLL would be tasked with negotiating and contracting with at least two but not more than six sportsbook operators to open sportsbooks in Vermont through a mobile platform. If the bidding process fails to result in at least two acceptable operators, DLL may opt to either decline to authorize any operators or to allow a single operator to open a sportsbook.”
Local sports betting fans are likely a few months away from seeing an official launch of sportsbooks in Vermont.