Georgia Senate Gets Sportsbetting Bill Back

Georiga's Senate is getting another look at a bill that would legalize and regulate sportsbetting in the state, after last year's bill fizzled out.

The bill is known as Senate Bill 172 and is largely the same as last year's, with the Georgia Sports Betting Commission being established to regulate the activity. The bill was introduced by Senator Bill Cowsert and was working alongside House Bill 380. The bill made headway but was eventually put on the backburner in August after it could not break through, despite three readings in committee.

There would be no limit on the number of licenses up for grabs by operators, although online companies would have to pay a $100,000 application fee and $1 million annual fee. Retail locations would have to pay a $500 application fee and a $1,000 annual fee. There will be a minimum of six online licenses and five retail licenses issued by the regulator.

Operators that violate regulations would have to pay fines of up to $25,000 and will also see other punitive action, such as license revocation, being implemented. Taxes will also be 25% on gross income from parlay bets, live betting wagers, and prop bets, while all other sports wagers will be taxed at a rate of 20% adjusted gross income.

The bill will have to go through the whole legislative process again, and would take effect on January 1st, 2025 if it passes into law.

Casino Listings News will be following the bill's process and will update readers as appropriate.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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lvblck
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12 January 2024 - 12:26am
#1

I'm convinced it's just a matter of time until when the entire USA will have legalized sports betting and online gambling, simply because it's a great way to earn money.

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