Mobile sports betting started in Maine in November, making Vermont the last New England state to contract with operators.

Supreme Court struck down a federal law that prohibited sports gambling in 2018, paving the way for states to offer legal wagers on sports. The law also requires the state to spend an additional $250,000 each year on a new program run by the state Department of Mental Health. He noted that the law includes provisions intended to prevent people from developing gambling problems, such as daily and weekly wagering limits and a prohibition on the use of credit cards. Scott said in a press release on Tuesday. “I first proposed Vermont legalize sports wagering several years ago, and it’s good to see it come to fruition,” Gov. The state expects to raise as much as $7 million in the first year. Each company is required to pay the state a $550,000 licensing fee every three years and at least 20 percent of its gross wagering revenue annually.ĭuring the bidding process, according to Knight, the state negotiated revenue-sharing agreements of 31 percent to 33 percent. It authorizes Knight's department to contract with between two and six online betting operators.

Phil Scott signed a legal-betting bill into law. Beginning Tuesday, the betting operators can preregister Vermonters who want to set up accounts before the January launch date.

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