Georgia Introduces Bill SB 208 to Legalize Online Sports Betting Without Constitutional Amendment
Georgia is taking another shot on legalizing online sports betting with the introduction of Bill SB 208, sponsored by Senator Billy Hickman. Unlike previous attempts that required a constitutional amendment, this bill only needs a simple majority vote in both legislative chambers to pass.
Georgia Lottery to Oversee Sports Betting
SB 208 would expand the powers of the Georgia Lottery Corporation, allowing it to regulate, license, and oversee online sports betting throughout the state. The lottery would issue up to 18 online sports betting licenses, creating a competitive marketplace with multiple operators.
Licenses would be available to several key stakeholders in Georgia’s sports industry, including:
- Professional sports teams based in Georgia
- PGA Tour
- Augusta National Golf Course
- Atlanta Motor Speedway
- National Steeplechase Association
- Georgia Lottery Corporation
By involving major sports organizations, the bill aims to align sports betting with Georgia’s rich sports culture while ensuring regulated and responsible gambling practices.
Taxes and Licensing Fees
SB 208 outlines a structured tax and licensing system designed to generate revenue for the state:
- A 25% tax rate on sports betting revenue
- A $1.5 million annual licensing fee for operators
- A $100,000 application fee
These funds would support state education programs and problem gambling initiatives, similar to how Georgia’s lottery funds public education.
The bill includes strict regulations to protect consumers and prevent problem gambling. To place a bet, players must be at least 21 years old and physically present in Georgia. SB 208 also includes self-exclusion programs for individuals struggling with gambling addiction.
The Georgia Lottery Corporation would be required to provide resources for problem gambling prevention and enforce strict measures against fraudulent activity. The bill also prohibits illegal betting practices, ensuring a secure and fair sports betting market.
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