Mobile sports betting bill filed in Vermont9 January 2020
Vermont state senators Dick Sears and Michael Sirotkin have filed a bill that would allow mobile, but not land-based, sports betting in the state.
Bill S.213, to “ to establish a system for the licensure and regulation of mobile sports wagering operators and suppliers, authorize sports wagering through licensed operators, and tax gross sports wagering receipts,” was filed on 7 January.
The bill includes a 10% tax on the gross sports wagering receipts of each operator, much lower than many other states, including neighbouring New Hampshire, where DraftKings must pay 50% of revenue back to the state under its exclusive agreement.
The taxes will be paid into the state’s general fund and if an operator loses money, the losses can be used to offset future tax payments, reducing operators’ tax bills further.