The Gist: Sports betting in Georgia may be one step closer to reality. The “Georgia Lottery Game of Sports Betting Act,” which seeks to legalize mobile sports betting in the state was filed this week.
The bill proposes that the revenue generated from sports betting be used to support educational programs under the Georgia Lottery, such as HOPE Scholarships, Pre-K education, and Georgia College Completion Grants.
The Bill: HB 380 would authorize the Georgia Lottery Corporation to operate and regulate sports betting in the state. The legislation proposes to ensure that sports betting is conducted safely, securely, and responsibly. It includes responsible gaming information on all mobile platforms, self-exclusion options on platforms, and employee training to respond to gambling concerns.
The bill also proposes a 15 percent tax rate on the adjusted gross income, annual licensing fees, and application fees.
Why It Matters: According to the bill’s supporters, legalizing mobile sports betting in Georgia could generate tens of millions of dollars in additional education funding if properly regulated.
The legislation could bring Georgia in line with 36 other states across the country that have already legalized sports betting. The bill aims to ensure that sports betting in Georgia is conducted safely and securely, with the appropriate responsible gaming resources available.
The Bill’s Sponsor: State Representative Marcus Wiedower, a Republican from Watkinsville is the sponsor of HB 380. He estimates that legalized sports betting could generate approximately $50-75 million in revenue that would directly fund educational programs in Georgia.
State Representative Stacey Evans, a Democrat from Atlanta, has also expressed her support for the bill.
More Information: The Georgia Lottery Game of Sports Betting Act includes provisions around responsible gaming, maintaining the integrity of sports leagues, and preventing gambling issues from arising. It proposes generating revenue through application fees, annual licensing fees, and a 15 percent tax rate on the adjusted gross income.
