A lid for a beverage bottle includes a lid body that is fastenable onto the bottle and an actuation dial that rotates on the lid body. The actuation dial rotates a rotating spout while permitting the spout to move axially by teeth sliding in channels. As the spout is rotated, it moves on threads within the lid body to provide the axial movement. A gasket within the spout bears against a plug of the lid body when the spout has been moved to the closed position. The gasket is free of the plug to form a fluid passageway from the bottle through the lid body and the spout when the spout has been moved to the open position. The gasket includes a seal ring bearing on a fluid flow tube of the lid body to prevent leaks.