VT Senate Passes HB 127
May 5, 2023
The bill was passed with various amendments that do the following:
- Alters the fee structure to bring in more money per operator, spread over multiple years.
- Eliminates a cap on advertising, allowing the Department of Liquor and Lottery (DLL) to negotiate that with operators.
- Bans advertising on college campuses.
- Prohibits advertising on products marketed to those under the age 21.
- Requires operators to submit an advertising plan as part of their application and contract with the DLL.
- Adjusts revenue to the problem gambling fund.
- Establishes a penalty for sportsbooks operating illegally in Vermont.
As background, the bill would legalize up to six sports betting apps. While there is no current tax projection, the Governor’s annual budget includes $2.6 million of sports betting tax revenue.
A copy of the bill and adopted amendments can be accessed here.