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Representative Tom Stevens urges repeal of state lottery statutes, calls for ban on predictive markets
Summary
At a Government Operations & Military Affairs meeting on April 14, Rep. Tom Stevens presented H.133 to repeal the state lottery and sports wagering statutes and H.913 to add predictive markets to the state gambling prohibition and impose a 50¢ per-wager fee. He cited a roughly $160 million handle and $7.2 million state net and warned of social harms and federal preemption issues.
Representative Tom Stevens, sponsor of H.133 and H.913, told the House Government Operations & Military Affairs committee on April 14 that he is introducing the measures to roll back state‑sponsored gambling and to block a new class of bets known as predictive markets. He said he represents the Washington‑Chittenden district (Waterbury, Bolton, Huntington and Buels Court) and described gambling as a societal harm that the state should not be promoting.
Stevens said the state’s sports wagering handle in the cited period was roughly $160,000,000 and that the state’s net take was about $7,200,000. "Vermonters had spent $160,000,000 on sports wagering in the calendar year 2025," he said, and added that the state’s share of that handle was small compared with the amounts wagered. He argued…
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