- Legal sports betting bill H. 127 was signed by Vermont Governor Phil Scott Wednesday, bringing in-person, online, and mobile sports betting to the Green Mountain State.
MONTPELIER, Vt. – Governor Phil Scott signed House Bill 127 Wednesday, effectively adding state-regulated options to the sites that already offer legal sports betting in Vermont.
Vermont Sports Betting Bill Basics
The new bill has Vermont caught up with the rest of the Northeast. With legal sports betting sites in Vermont regulated, it is simply a matter of time before they see similar success to that of neighboring states Massachusetts, New Hampshire, and New York.
Vermont House Bill 127 sets very similar rules and regulations when compared to their neighbors.
The Basics of H. 127 are:
- The legal sports betting age in Vermont is 21 years old.
- In-person, online, and mobile sports betting in VT are all regulated and taxed.
- Legal sports betting in Vermont will be run by the Board of Liquor and Lottery.
The new bill allows a relatively standard betting selection with only a few restrictions:
- Odds on collegiate and high school sporting events based in VT are not allowed.
- No bets on sporting events in which the majority of players are amateurs.
Sports bettors in Vermont were not the only people happy, as Governor Scott spoke positively on the passage of H. 127.
“I first proposed Vermont legalize sports betting several years ago and I’m happy the Legislature has come to an agreement, as well. 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.”
With the signature of Governor Scott now dry, legal sports betting sites based out of Vermont will most likely launch in 2024.
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News tags: Massachusetts | New Hampshire | New York | Phil Scott | Vermont | VT H 127
Brett is a passionate sports writer who majored in Sport Management at Florida State University. He combines his knowledge of stats with his understanding of game theory to find the best values when sports betting. Brett enjoys golfing, playing cornhole, and hanging out by the pool when he’s not locked in watching games.
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