Georgia Sports Betting Bill Takes First Positive Steps in the Senate

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Mar 25, 2023; Atlanta, Georgia, USA; Atlanta Hawks defender Trae Young (11) successful action against nan Indiana Pacers successful nan 2nd 4th astatine State Farm Arena. Mandatory Credit: Brett Davis-USA TODAY Sports

  • A Georgia sports betting measure to legalize  sports betting passed retired of committee this morning
  • The bill, SB 386, legalizes sports betting without a law amendment
  • The measure now heads to nan Senate Rules committee and could beryllium heard connected nan Senate level by Thursday

Georgia sports betting hopes are disconnected to a accelerated commencement successful 2024 arsenic a sports betting measure has already received support from a Senate committee and could scope nan Senate level arsenic early arsenic this week.

Sen. Clint Dixon’s (R-45) sports betting bill, SB 386, was approved this greeting by nan Economic Development and Tourism Committee by an 8-2 vote. The bill, which legalizes sports betting successful nan state, now heads to nan Senate Rules committee.

If approved by nan Senate Rules committee, it could beryllium sent to nan Senate level arsenic early arsenic this Thursday. The Senate Rules committee meets this afternoon, but nan schedule for nan gathering has yet to beryllium published.

Tax Rate Increased successful Committee

Dixon presented his measure to nan committee pinch 1 impactful change. Dixon introduced his measure past week pinch a 15% sports betting taxation complaint connected adjusted gross revenue, but presented nan measure to committee this greeting pinch an amendment to summation nan taxation complaint to 20%.

The bipartisan bill, sponsored by 16 senators, would legalize online sports betting and let for 16 sports betting licenses successful nan state. The Georgia Lottery Corporation would modulate sports betting and make sports betting a lottery game.

Dixon’s bill, which differs from erstwhile forms of sports betting legislation, does not require a law amendment for legalization. All gross from sports betting will beryllium sent to nan Georgia Lottery to money pre-kindergarten programs and HOPE scholarships.

The committee discussed nan measure for each of 10 minutes earlier opening nan level to comments from nan public. Mike Griffin of nan Georgia Baptist Mission Board said retired against nan bill, decrying sports betting successful nan authorities and questioning nan bill’s legality.

“Gambling is fundamentally legalized fraud. Gambling is gambling. You can’t win. The manufacture cannot lose. The players person to suffer successful bid for them to win,” Griffin said.

When Georgia voters approved nan lottery successful 1993 it’s improbable they knew it would pave nan measurement for legalized sports betting 3 decades later, he said.

Nick Fernandez, Director of Government Affairs astatine Metro Atlanta Chamber,  described nan measure arsenic a “win” for Georgia. Funding for HOPE scholarships and pre-kindergarten programs done nan Georgia Lottery is efficaciously tapped out, he said, and nan gross from sports betting will spell a agelong measurement to doing much bully successful nan state.

Georgia Sports Betting Bill Details

Dixon noted 1 further amendment to nan measure during nan meeting, arsenic it now specifically prohibits betting connected nan Special Olympics.

Licenses would costs $1 cardinal annually to renew and applicants would person to salary a $100,000 exertion fee. It would let for bets connected assemblage sports.

The measure accounts for a full of 16 online sports betting licenses, pinch nan numbers breaking down arsenic follows:

  • Five for Georgia master sports teams (Atlanta Hawks, Atlanta Falcons, Atlanta Braves, Atlanta United FC, and Atlanta Dream)
  • One for Augusta National Golf Course
  • One for nan PGA Tour
  • One for Atlanta Motor Speedway
  • One for nan Georgia Lottery Corporation

The remaining 7 licenses will beryllium awarded by nan Lottery Corporation done a nationalist procurement process.

The measure has nan support of respective cardinal legislators successful nan Georgia Senate, including Sen. Gloria Butler (D-55), nan Senate Minority Leader, arsenic good arsenic Gov. Brian Kemp (R) and Lt. Gov. Burt Jones (R). The likelihood of nan authorities passing successful nan Senate is high, but arsenic nan lawsuit has been successful nan past fewer years nan House will apt beryllium to beryllium a higher upland to climb for legalization.

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Gambling Regulatory Writer and Editor

Regulatory Writer and Editor

Rob covers each regulatory developments successful online gambling. He specializes successful US sports betting news on pinch casino regularisation news arsenic 1 of nan astir trusted sources successful nan country.

Gambling

Rob covers each regulatory developments successful online gambling. He specializes successful US sports betting news on pinch casino regularisation news arsenic 1 of nan astir trusted sources successful nan country.

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