Covers BetSmart Rating
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Phil Scott signed a bill into law Wednesday, June 14, that legalizes online sports betting platforms, such as DraftKings, in the state.
The Republican governor has long supported legalization, which had been stalled for years in the Democratic-controlled Legislature.
Now, after countless hours of legislative study and debate, the measure has become law.
"
Opponents, meanwhile, questioned whether the state should sanction a modern form of gambling that is potentially more addictive than traditional methods and certainly more appealing to young people, as witnesses testified to lawmakers this year.
In response, lawmakers included in H.
127 a "limit" on platforms' ability to advertise to Vermonters under 21 years-old, who, legally, are barred from sports wagering.
They estimate the state would see roughly $2 million in fiscal year 2024, and eventually, approximately $10 million per year.
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