Vermont House Committee Approves Sports Betting Bill for Further Review
Vermont takes a step closer to legalizing sports betting as H.127 bill moves to the third and final committee approval.
The state of Vermont is moving closer to legalizing sports betting, as the House Committee on Ways and Means voted 11-1 in favor of progressing the H.127 bill, which will now move to its third and final committee approval before making its way to the House and Senate.
Vermont is currently the only state in New England that has yet to legalize sports betting, and while it may not be hugely popular among lawmakers, they recognize that it is inevitable, especially with neighboring Massachusetts legalizing sports betting earlier this month.
If the bill becomes law, it will allow for up to six sports betting apps in the state, with state tax revenue from sports betting expected to generate $2.6 million by 2024 according to Governor Phil Scott's annual budget projection.