Bill S.318, introduced by Senator Mattos, seeks to authorize casino gaming in Vermont by requiring the Board of Liquor and Lottery to issue licenses for the operation of up to two casinos. The bill adds a new subchapter to the existing law, specifically detailing the definitions, jurisdiction, and powers of the Board regarding casino gaming. It establishes a framework for licensing, including a nonrefundable application fee of $100,000 and a license fee of $5 million, which can be paid in installments. Additionally, a wagering tax of 10% on adjusted gross receipts from gaming operations is imposed, with revenues directed to the Education Fund.

The bill also amends existing laws to incorporate casino gaming into the responsibilities of the Department of Liquor and Lottery and its Board. It allows municipalities to assess a local option tax on casino gaming, alongside existing sales and meals taxes. The act is set to take effect on July 1, 2026, marking a significant shift in Vermont's approach to gambling and casino operations.

Statutes affected:
As Introduced: 7-101, 24-138