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Two more US states legalise sports betting

Two more US states legalise sports betting

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Vermont and North Carolina have become the latest US states to legalise sports betting, with their respective markets expected to go fully live in January and June 2024 respectively.

Governor Phil Scott of Vermont signed the new Bill into law on June 14th, with Governor Roy Cooper of North Carolina doing likewise.

Speaking from Vermont, Governor Scott commented: “We know many Vermonters already participate in the market and bringing it above board provides important resources and consumer protections.”

In the case of Vermont, the Department of Liquor & Lottery (DLL) will award operating licenses, with requests for proposals to be issued in July. Winning bids will be confirmed in September. Successful operators will face a tax rate of 20% on revenue in the state.

In North Carolina, regulations for online sports betting must be published by January 8th, 2024, with selected and licensed operators authorised to begin accepting wagers on June 14th, 2024, one year from the Bill’s signing.