It has been a bit unfair to the people of Georgia, Vermont, and North Carolina since they have been restricted from participating in one of the best entertainments to exist in the US. However, that could soon change because the said states have made progress in legalizing sports betting. Attempts are still underway, and supporters are hopeful that the proposal will be passed and implemented.
Vermont has gone farther than any other mentioned region. Massachusetts has already taken sports betting live, and Vermont could soon be next, making it the last state in New England. Exciting as a fact and equally exciting for people who, till now, had to cross borders to engage in sports betting.
House Bill 127 has been cleared 11-1 by the Committee on Ways & Means of the Vermont House of Representatives. The legislation has now been moved to the final round of the committee vote. This happens to be the third stage, where all the amendments will be looked into to give the final approval.
A major update has been made in the language of advertising limits and the protection of customers. If cleared, the bill will allow six applications to operate in the region and offer sports betting services. This could be some of the top sportsbooks or those which have the potential to better protect customers irrespective of their rankings in the industry. Gov. Phil Scott has estimated that the bill will bring along a yearly revenue of $2.6 million for the state. It has to become a law first, but House Bill 127 does look tempting.
As a matter of fact, it has already gathered some support in favor, with Rep. James Masland being one of them. James has said that he will vote for the bill. A part of the statement also reads I don’t care for it; however, the reference for it is somewhat unclear. It could probably mean how much revenue the industry is estimated to bring to the state.
Fair enough, state revenue can scale up at any moment based on how many operators function and how much people engage with sports betting applications that have been legalized.
North Carolina was unable to make any progress in 2022. This year could turn the tables since it acknowledges responsible gaming and a decent state revenue of 14%. North Carolina has presented a bill with 24 pages and college sports integrated again.
Georgia lost a chance to legalize sports betting this month, but supporters have decided not to move away from the proposal. The State Committee has cleared the bill 8-1, and the Senate floor is expected to take it up this week.
Vermont, Georgia, and North Carolina making progress in legalizing sports betting is news that the residents have been waiting for. A majority of them had to find a way to go to the neighboring states for entertainment. It was largely inconvenient for them and a loss for the states that now estimate to earn revenue in millions of dollars.