An unnamed Vermont legislator is working on a bill that would allow for mobile wagering only under the Board of Liquor and Lottery.
Currently two U.S. states have mobile only wagering, Wyoming and Tennessee. Like those two states, Vermont has no brick and mortar casinos to tether to. Like Wyoming, Vermont has a small population, 624,340 in 2020.
Sports Handle obtained the draft of the bill, which would allow up to six mobile platforms that operators would bid for, including naming their own tax rate. This is similar to the law in neighboring New Hampshire, which gave exclusivity to DraftKings while taking 51 percent of its revenue.
The bill projects that the state would make between $1.3 million to $10.8 million by the second year of operation.
Operators would be an annual $50,000 license fee, wagers on college teams based on the state would be banned, and operators would pay an annual $100,000 operating fee.
Vermont’s legislative session ends May 20, so the bill is unlikely to be introduced this year.
