A committee in Vermont has recommended that the state should have a sports betting market. There should be minimum of two operators allowed to offer sports betting in Vermont, according to the committee. The bidding process for licenses should be similar to those in New Hampshire and New York.
There are reasons why sports betting could be beneficial for the state of Vermont in the committee report.
The implementation of a legalized, state-controlled sports betting market is one of the core recommendations.
The state of Vermont would have control over the number of licenses given out. There should be minimum of two but not more than six operators allowed to offer sports betting in Vermont according to the report.
The Committee thinks that the bidding process for licenses should be similar to New Hampshire and New York, two states with high tax rates.
The full story can be found on iGB North America.