A measure pertaining to sports wagering passed in the state House, bringing Vermont one step closer to legalizing sports betting in the state. This news is uplifting in the midst of all the other financial chaos in the world as Vermont customers might be finally able to expand their iGaming horizons.
Representative Matt Birong, a Democrat, and nine other House members presented House Bill 127. (6D, 3R).
The measure proposes to offer the state’s Department of Liquor and Lottery regulatory power over sports betting as well as permission to run the business through agreements with operators.
If approved, the state will authorize eligible operators to access the new market via a bid procedure.
According to the law, the commissioner may hire at least two but not more than six operators to run an online sportsbook in the state.
The measure also specifies the number of rules to guarantee the implementation of safe gaming activities. The establishment of the Responsible Gambling Special Fund, which will be utilized by the Department of Mental Health for services connected to problem gambling, is one of them.
The Senate will now continue to evaluate the bill. If approved, sports betting would soon be legal in Vermont. In the meantime, if you are looking for top sports betting offers and other crypto opportunities, make sure you pay a visit to our website – CasinoDaddy!