A group of Vermont lawmakers has proposed a bill, H.133, to ban sports betting in the state. This comes just a year after sports betting was legalized, with the industry thriving in its first year. Despite revenue numbers falling short of projections due to bettors winning more often, there is strong support for sports betting among residents.
The main concern behind the bill is that the tax revenue generated from sports betting comes from some of the state’s poorest residents, negatively impacting their lives. The bill is currently under review by the House Committee on Government Operations and Military Affairs, but expectations for it to become law are low.
While concerns about problem gambling persist, the revenue being generated outweighs these concerns. Even if the bill fails to pass, it could set a precedent for similar efforts in other states, prompting sports betting operators to tighten their operations to protect bettors better. Lawmakers advocating for increased regulations have not pushed for a complete ban on the industry.
The outcome of this proposal in the state legislature will be closely watched by sports betting operators as a potential indicator of future challenges in other states. Despite the long odds of the bill passing, its impact on the industry could be significant.
————————————————————————
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
————————————————————————
