State Sen. Clint Dixon, a Buford Republican who is sponsoring the bill, said under the proposed legislation, the state could issue up to 16 licenses for online sports betting.
Seven licenses would be available to private online sports betting businesses. Companies interested in operating sports betting in Georgia would have to pay a $100,000 application fee and an annual license fee of $1 million. License holders would pay a 20% income tax to the state on the companys adjusted gross income. The legislation would also encourage companies with minority owners to apply for licenses.
The remaining licenses could be awarded to professional sports teams in Georgia, the Atlanta Motor Speedway, the Masters and the PGA Tour. The Georgia Lottery could also hold a license.
By bringing an activity that countless Georgians already participate in whether online, with friends or with booking agents under the regulation and direction of the Georgia Lottery Corp., we can generate additional dollars to benefit future generations of Georgians, Dixon said.
Dixons bill has the support of the Atlanta Metro Chamber and several sports teams.
Several variations of sports betting bills have been floated within the Capitol in recent years, and a few have been approved by the Senate. The bills have gone nowhere in the House.
There are two schools of thought on sports betting: whether Georgias Constitution allows sports betting as a legalized version of gambling or if the state constitution needs to be amended to allow the practice.
Expanding gambling in Georgia has historically been difficult to do because it has typically been thought to require amending the state constitution allowed only once two-thirds of each legislative chamber agrees to place it on a ballot and a majority of voters approve the change. An effort to legalize sports betting through a constitutional amendment failed on the Senate floor last year.
Dixons bill pushes the idea that sports betting can be considered a lottery game and therefore became legal when Georgians voted to allow gambling in 1992.
Gov. Brian Kemp has said he would work with legislative leaders on a measure to allow sports betting something he previously opposed. State Sen. Bo Hatchett, a Cornelia Republican who often files legislation on behalf of the governor, is a co-sponsor of SB 386. When Lt. Gov. Burt Jones was a state senator, he sponsored legislation to make sports betting legal.
Backers say Georgians illegally bet nearly $5 billion a year on sports. Georgians can pull up a sports betting website or app on their cellphone and place bets on games most likely using overseas servers and skirting Georgias laws that make the practice illegal. Supporters have also said sports betting could bring anywhere from $30 million to $100 million in revenue to the state each year.
Critics have said such numbers are exaggerated.
Mike Griffin, a lobbyist with the Georgia Baptist Mission Board, said in addition to the moral issues his organization has with gambling, legalizing betting would be allowing the companies to defraud Georgians.
Gambling is basically legalized fraud, he said. Because gambling is gambling that means you cant win and the industry cannot lose. The players have to lose in order for (companies) to win.
Read the original here:
Georgia Senate panel passes another online sports betting bill - The Atlanta Journal Constitution
- Discover the best PA online casinos and bonuses like Betway - PennLive - April 14th, 2024 [April 14th, 2024]
- Opinion: Reining in the online Wild West in sports betting where the public loses - Hartford Courant - April 14th, 2024 [April 14th, 2024]
- Texas Online Casinos 2024 - Best TX Real Money Casino Sites - The Hudson Reporter - April 14th, 2024 [April 14th, 2024]
- The Top 9 Best Online Casinos & Real Money Gambling Sites for 2024 | Covington-Maple Valley Reporter - Covington-Maple Valley Reporter - April 14th, 2024 [April 14th, 2024]
- Maine online casino bill fails in House, Senate - iGaming Business - April 14th, 2024 [April 14th, 2024]
- Legal online gambling contributes 500 mln in taxes - Kathimerini English Edition - April 14th, 2024 [April 14th, 2024]
- NY Online Casinos 2024: 10 Best New York Casino Sites - The Hudson Reporter - April 14th, 2024 [April 14th, 2024]
- Best Online Casino Canada 2024 - Top Gambling & Betting Sites - Riverfront Times - April 14th, 2024 [April 14th, 2024]
- The Prospects of Maryland Joining New Jersey in the Interstate Poker Arena - Eye On Annapolis - April 14th, 2024 [April 14th, 2024]
- 5 Unique Innovations in Online Gambling in 2024 - Washington City Paper - April 14th, 2024 [April 14th, 2024]
- Maryland legislature fails in online gambling expansion - iGaming Business - April 14th, 2024 [April 14th, 2024]
- Maryland online casino legalization push falls flat - EGR North America - EGR Global - April 14th, 2024 [April 14th, 2024]
- Mississippi Online Sports Betting Bill Likely Heading to Conference Committee - Sports Betting Dime - April 14th, 2024 [April 14th, 2024]
- BitStarz Bitcoin Casino: Multi-award Winning Crypto Casino - Is It Legit or Not Worth the Money? | Covington-Maple ... - Covington-Maple Valley... - April 14th, 2024 [April 14th, 2024]
- 25 Best Crypto & Bitcoin Casinos to Play at in 2024 - Cryptonews - April 14th, 2024 [April 14th, 2024]
- Could online gambling provide millions to fight sea-level rise in Florida? - Key Biscayne Independent - April 14th, 2024 [April 14th, 2024]
- Best Live Bitcoin Casino Sites 2024 - Crypto Gambling & Betting - Riverfront Times - April 14th, 2024 [April 14th, 2024]
- Atlantic City Casinos Profit Declines: What's Behind the Numbers? - Point Spreads - April 14th, 2024 [April 14th, 2024]
- Best Online Casinos for Real Money in April 2024 - ReadWrite - April 14th, 2024 [April 14th, 2024]
- Thailand sees Philippines gambling billions, Singapores resorts and rolls the dice on casinos in hopes of cashing in - South China Morning Post - April 14th, 2024 [April 14th, 2024]
- Online Gambling Is Changing Sports for the Worse - The New Yorker - April 4th, 2024 [April 4th, 2024]
- 5 Best Real Money Online Casinos & Online Gambling Sites April 2024 - Bookies.com - April 4th, 2024 [April 4th, 2024]
- Best Bitcoin Casino Sites 2024 - Provably Fair BTC Gambling - Riverfront Times - April 4th, 2024 [April 4th, 2024]
- Dominican Republic: Ministry of Finance publishes resolution regulating online gambling - Yogonet International - April 4th, 2024 [April 4th, 2024]
- Dominican Republic issues new online gambling regulation - iGaming Business - April 4th, 2024 [April 4th, 2024]
- The surge in teens that are online gambling - FOX 35 Orlando - April 4th, 2024 [April 4th, 2024]
- Best North Carolina Online Gambling Sites (2024 Update) - The Hudson Reporter - April 4th, 2024 [April 4th, 2024]
- Thailand steps up efforts against online gambling, blocks 25,000+ websites - Yogonet International - April 4th, 2024 [April 4th, 2024]
- Best Washington Online Gambling Sites (2024 Update) - The Hudson Reporter - April 4th, 2024 [April 4th, 2024]
- Best Online Casinos (April, 2024) - TOP 10 Casino Sites - The Hudson Reporter - April 4th, 2024 [April 4th, 2024]
- 10 Best Texas Online Gambling Sites in 2024 (Update) - The Hudson Reporter - April 4th, 2024 [April 4th, 2024]
- New online casino brand EP88 Singapore announces launch, unveils games selection - Yogonet International - April 4th, 2024 [April 4th, 2024]
- Nebraska's Online Sports Betting Hopes for 2024 Likely Over, Coalition Reportedly Won't Back Petition Drive - Covers - April 4th, 2024 [April 4th, 2024]
- Best Ethereum Casino 2024 - ETH Gambling, Slots & More - Riverfront Times - April 4th, 2024 [April 4th, 2024]
- CSGOLuck Review 2024: Deep Analysis & Findings - Riverfront Times - April 4th, 2024 [April 4th, 2024]
- Ranking the best Ontario online casinos in 2024 - MLive.com - April 4th, 2024 [April 4th, 2024]
- Is it possible to play at online casinos in the Netherlands? - The Emory Wheel - April 4th, 2024 [April 4th, 2024]
- McKeon introduces gambling bill package - NJBIZ - April 4th, 2024 [April 4th, 2024]
- US sportsbooks join forces to tackle problem gambling - ReadWrite - April 4th, 2024 [April 4th, 2024]
- Navigating the Digital Wave: Online Gambling's Soaring Popularity and Revenue -, Gaming Blog - EGamersWorld - April 4th, 2024 [April 4th, 2024]
- Responsible Gambling Council applauds $6.6 million govt. investment to promote responsible play in Ontario - Yogonet International - April 4th, 2024 [April 4th, 2024]
- Crypto Revelations According Online Casino Groups: Navigating the Digital Gaming Landscape - Latest Cryptocurrency Prices & Articles - April 4th, 2024 [April 4th, 2024]
- BetMGM's Rise to Dominance in US Gambling and Its New Venture into the UK Market - FingerLakes1.com - January 30th, 2024 [January 30th, 2024]
- Gaming Gold: How To Choose The Right Online Gambling Options For Your Playstyle - MacSources - January 30th, 2024 [January 30th, 2024]
- Hawaii Online Poker: What the Future Holds - Pokerfuse - January 30th, 2024 [January 30th, 2024]
- 13 Best Texas Online Casinos in 2024 - Real Money Casinos in TX - ReadWrite - January 30th, 2024 [January 30th, 2024]
- Michigan iGaming and sports betting revenue soars in 2023 - The Jerusalem Post - January 30th, 2024 [January 30th, 2024]
- Maryland lawmakers revisit online casino legislation with updated bill filed at the Senate - Yogonet International - January 30th, 2024 [January 30th, 2024]
- Best Online Casinos in Kentucky for 2023 - ReadWrite - January 30th, 2024 [January 30th, 2024]
- Blockchain Tech in IGaming: Booting Transparency & Integrity The Hype Magazine: Unveiling the Pulse of Urban ... - The Hype Magazine - January 30th, 2024 [January 30th, 2024]
- Georgia Committee Passes Lottery-Reliant Online Sports Betting Bill - Covers - January 30th, 2024 [January 30th, 2024]
- Bet365 Officially Launches Sports Betting in Eighth State - Sports Betting Dime - January 30th, 2024 [January 30th, 2024]
- What is the Latest News on No Deposit Bonuses in Online Casinos? - FingerLakes1.com - January 30th, 2024 [January 30th, 2024]
- bet365 Expands Reach With Launch of Sportsbook in Indiana - Covers - January 30th, 2024 [January 30th, 2024]
- Record number of people contacted gambling helpline in 2023 figures - Yahoo News UK - January 30th, 2024 [January 30th, 2024]
- Patriots wide receiver Kayshon Boutte arrested on online gambling charges - Boston.com - January 30th, 2024 [January 30th, 2024]
- One in six admit they probably wouldn't know if their child was betting online, national poll suggests - News-Medical.Net - January 30th, 2024 [January 30th, 2024]
- Best Live Casinos 2024 - Find a Top Live Dealer Online Casino - ReadWrite - January 30th, 2024 [January 30th, 2024]
- The Best Live Dealer Games to Play at MI Online Casinos - Pokerfuse - January 30th, 2024 [January 30th, 2024]
- Kayshon Boutte facing charges related to illegal online gambling, per reports - Saturday Down South - January 30th, 2024 [January 30th, 2024]
- Top 5 Online Casino with a No-Deposit Bonus - Eye On Annapolis - January 30th, 2024 [January 30th, 2024]
- Online Gaming Myths Beginners Should be Aware Of - Play3r - January 30th, 2024 [January 30th, 2024]
- 10 Best No KYC Casinos With No ID Verification for 2024 - ReadWrite - January 30th, 2024 [January 30th, 2024]
- Navigating India's Online Casino Landscape: A Real Money Guide - Udaipur times - January 30th, 2024 [January 30th, 2024]
- The Trend in Movie-Themed Slot Games in Online Casinos - Smithfield Times Exploring the Surge in Movie-Themed ... - Smithfield Times - December 25th, 2023 [December 25th, 2023]
- The Best Online Casino Jackpots Ever Won - Smithfield Times Top 10 Online Casino Jackpots Unbelievable Wins ... - Smithfield Times - December 25th, 2023 [December 25th, 2023]
- What Is The Most Trusted Online Casino - MacSources - December 25th, 2023 [December 25th, 2023]
- The Advantages of Indonesian Online Slots - MWWire - December 25th, 2023 [December 25th, 2023]
- The Rise of Live Poker Rooms: Transforming New Zeala... - HighstakesDB - December 25th, 2023 [December 25th, 2023]
- How to remove Gamstop - Play in non Gamstop casinos - The Jerusalem Post - December 25th, 2023 [December 25th, 2023]
- North Carolina sports betting takes key step forward with rules established - The Atlanta Journal Constitution - December 25th, 2023 [December 25th, 2023]
- The Art of Bankroll Management: Keeping Your Finances in Check - Smithfield Times Bankroll Management: Your Key ... - Smithfield Times - December 25th, 2023 [December 25th, 2023]
- Unmasking the Crypto Casino Boom: Live Streamers and Player Safety - Affiverse - December 25th, 2023 [December 25th, 2023]
- How Technology is Transforming the Landscape of Online Gambling - Analytics Insight - December 25th, 2023 [December 25th, 2023]
- Is online casino legal in South Africa? - Business Insider Africa - May 22nd, 2023 [May 22nd, 2023]
- NOGA: Dutch participation in online gambling growing - iGaming Business - May 22nd, 2023 [May 22nd, 2023]
- Ontarians Bet Over $35 Billion in First Year of Legal Online Gambling - Yahoo Finance - May 22nd, 2023 [May 22nd, 2023]
- 2022 was a golden year for casinos in the U.S.: grossed $60 billion - Los Cerritos News - May 22nd, 2023 [May 22nd, 2023]
- Online gambling brought in nearly $196 million in Michigan in April - Detroit News - May 22nd, 2023 [May 22nd, 2023]
- How to recruit IT professionals in the online casino industry - Onrec - May 22nd, 2023 [May 22nd, 2023]