Terms Used In Vermont Statutes > Title 31 > Chapter 25 > Subchapter 2 - Sports Wagering Operators

• Adjusted gross sports wagering revenue: means gross sports wagering receipts, excluding voided bets, less winnings paid to authorized participants and any federal excise tax. See
• Board: means the Board of Liquor and Lottery. See
• Commissioner: means the Commissioner of Liquor and Lottery or designee. See
• Contract: A legal written agreement that becomes binding when signed.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Department: means the Department of Liquor and Lottery. See
• Fair Credit Reporting Act: A federal law, established in 1971 and revised in 1997, that gives consumers the right to see their credit records and correct any mistakes. ^{Source: OCC}
• following: when used by way of reference to a section of the law shall mean the next preceding or following section. See
• Operator: means a party who is authorized by contract or agreement with the Department to conduct a sportsbook. See
• Oversight: Committee review of the activities of a Federal agency or program.
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Sports event: means an event at which two or more persons participate in a sports or athletic event. See
• Sports wager: means cash or cash equivalent paid by an individual to participate in sports wagering. See
• Sports wagering: includes single game bets, teaser bets, parlays, over-under bets, money line bets, pools, exchange wagering, in-game wagering, in-play bets, proposition bets, and straight bets. See
• Sportsbook: means the business of accepting sports wagers on any sports event by any system or method of wagering. See
• State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See