Vermont Sports Betting Study Recommendations
The Vermont legislature commissioned a study in 2021. The Vermont Sports Betting Study Committee submitted its findings on Dec. 13.
Vermont Sports Betting Study recommends a low tax rate for many operators and a few for few. Vermont would generate between $640,000 to $4.8 million in Year 1 and between $1.4 million and $10.3 million for Year 2.
Vermont Sports Betting Study recommends low and high tax rates for sports betting operators.
The ultimate structure of a legal sports betting market in Vermont is the decision of the Legislature. Vermont’s relatively small population could not sustain both a high tax rate and many operators like Pennsylvania or New York.
Report recommends New Hampshire and Rhode Island as the model for Vermont sports betting. The report also mentions the bidding process that brings in the best operators and the state's best contract. It also recommends considering competitive lines in bidding to ensure the high tax rate doesn't negatively impact the market. The Vermont legislative session begins in early January and ends in May.
