Bill > S0318

This bill authorizes casino gaming in Vermont, allowing the Board of Liquor and Lottery to issue up to two casino gaming licenses to qualified applicants, with each license costing $5,000,000 and lasting for five years, renewable for another five. The Board will oversee all gambling operations, including investigating applicants, supervising casinos and casino enterprises, and enforcing regulations, with the power to suspend or revoke licenses. A 10 percent wagering tax will be imposed on the adjusted gross receipts, which are defined as total money wagered minus winnings paid out and voided bets, with these tax revenues going to the Education Fund. The bill also amends existing laws to include "casino gaming" within the responsibilities of the Department of Liquor and Lottery and allows municipalities to impose a one percent casino gaming tax.