Online-only sportsbetting market being envisioned for Vermont

In the small eastern American state of Vermont and the official body investigating the possibility of launching legalized sportsbetting is reportedly set to recommend that the largely rural jurisdiction start with an online-only regime.

According to a Tuesday report from the news domain at Covers.com, the Vermont Sports Betting Study Committee was established in June so as to examine the ways in which ‘The Green Mountain State’ could take advantage of the 2018 revocation of the Professional and Amateur Sports Protection Act (PASPA). The source explained that this nine-member body has been meeting weekly and is now scheduled to make its final recommendations in December just ahead of the January return of the Vermont General Assembly.

Neighboring nuance:

The Vermont Sports Betting Study Committee reportedly used its most recent Tuesday gathering to hear evidence from representatives of the New Hampshire Lottery Commission. This latter body has overseen sports wagering in the adjacent state of New Hampshire since December of 2019 and purportedly disclosed that 80% of its sportsbetting handle has so far come the jurisdiction’s sole licensed online sportsbook at DraftKings.com.

Rural relationship:

New Hampshire has a population of almost 1.4 million people while its trio of land-based retail sportsbooks reportedly racked up some $172.2 million in aggregated handle for the twelve months to the end of June. However, only about 640,000 individuals call Vermont home to purportedly prompt this state’s fact-finding committee to lean towards recommending an online-only sportsbetting model that would be easily accessible via mobile-friendly devices.

Extra examination:

Wendy Knight serves as the Chair for the Vermont Sports Betting Study Committee and she reportedly divulged that her organization will more than likely not entirely rule out the eventual introduction of land-based sportsbooks. The arbitrator purportedly noted that her group’s final recommendations are to probably include a proposal that Vermont investigate a retail launch within three years of premiering online sports wagering.

Reportedly read a statement from Knight…

“If that’s our recommendation, to start with mobile sportsbetting, I think you need to give that some time to see how that plays out in Vermont and to see the successes.”

Particular proposals:

Vermont is the only state in New England not to have legalized some type of legalized sportsbetting although local legislators reportedly now seem eager to enter a market that is already being exploited by the adjacent jurisdictions of New York, New Hampshire and Massachusetts. The Vermont Sports Betting Study Committee has purportedly already arrived at some final determinations including that the territory should license between two to six online sportsbooks overseen by existing administrative structures and collect at least 20% of these operation’s resultant local revenues in tax.