Sportsbook operators will be selected through a competitive bidding process, similar to how other contracts are awarded in the state.<\/p>\n
\n
Applicants will be judged on several criteria, including how much of their revenue they agree to share with the state. A minimum 20% revenue share will be required. But extra consideration will be given to companies that agree to share more with the state.<\/p>\n<\/div>\n
Sportsbooks will also have to pay a $550K operator’s fee every three years to be eligible to participate in the state.<\/p>\n","protected":false},"excerpt":{"rendered":"
Regulators in Vermont this week approved rules for newly legal sports betting in the state, setting the stage for sportsbooks to pursue operations. Vermont last month became the 38th state to legalize sports betting, and sportsbooks are expected to be operational by the end of this year or early next. The Vermont Liquor and Lottery […]<\/p>\n","protected":false},"author":102,"featured_media":221830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13592,1074],"tags":[81915,80968,83244],"acf":[],"yoast_head":"\n
Vermont Approves Sports Betting Procedures - Casino.org<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n