For the fourth legislative session in a row, Georgia lawmakers will attempt to pass a bill that would legalize sports betting in the state, this time via Senate Bill 57, filed Tuesday and sponsored by state Sen. Billy Hickman according to Georgia Public Broadcasting (GPB).
Sen. Hickman told GPB that Georgians are already sports betting without a legal market using unregulated offshore sportsbooks and local bookies, that handle representing lost potential tax revenue that this new bill would redirect back towards the state and its residents.
With regards to Georgia legislators stepping up this time and passing a sports betting bill that requires no Constitutional amendment, Sen. Hickman told GPB he is "cautiously optimistic" that his peers can get the job done according to reporters Sarah Kallis and Devon Zwald.
Georgia is in between two other Bible belt states without legal sports betting markets – Alabama and South Carolina – and Florida below them is still in limbo when it comes to their operation, so that abstaining bloc could be shattered if Peach State lawmakers can find a compromise.
Legal sports betting is something Georgia residents have already told state leaders they want.
Georgia is home to almost 11 million people and in a recent poll from the Atlanta Journal-Constitution voters surveyed showed overall support for sports betting legalization according to GPB, a clear indicator that sports fans there would enjoy placing some bets.
There are plenty of NCAA sports teams based in Georgia as well as pro teams from some of the major leagues including:
A legal sports betting market in Georgia could mean millions of new dollars in annual tax revenue that could be reinvested in the residents.
One quick glance at the numbers related to the U.S. legal sports betting market and it makes perfect sense as to why Georgia lawmakers continue to discuss their options, with over thirty states combining for a $191 billion handle since that U.S. market began in May 2018.
So far, that multi-billion dollar handle has created $14.6 billion in total sportsbook revenue and $2.4 billion in combined tax revenue for those states, a flowing revenue stream that used to be lost to all those unregulated (and illegal) means of handling that action.
The fact that Senate Bill 57 wouldn't require a constitutional amendment to legalize sports betting (that’s according to Former Chief Justice of the Georgia Supreme Court Harold Melton) is key to the journey since creating a constitutional amendment is a much lengthier process.
An amendment would require a voter referendum and two-thirds of the Georgia legislators to approve it says GPB and this measure will take long enough to pass without having to also face the amendment procedure.
It’s an unfolding story that will have plenty of updates so keep checking back for all the latest news.
Kansas Reports Record-Setting Sports Betting Handle in November
15 hours ago | Michael SavioNew Sports Betting Bill Proposed in South Carolina
1 day ago | Michael SavioPrime Sports to Become Ninth Online Sportsbook in Kentucky
5 days ago | Michael Savio
We support responsible gambling. Gambling can be addictive, please play responsibly. If you need help, call
1-800-Gambler.
WSN.com is managed by Gentoo Media. Unless declared otherwise, all of the visible content on this site, such
as texts and images, including the brand name and logo, belongs to Innovation Labs Limited (a Gentoo Media
company) - Company Registration Number C44130, VAT ID: MT18874732, @GIG Beach Triq id-Dragunara, St.
Julians, STJ3148, Malta.
Advertising Disclosure: WSN.com contains links to partner websites. When a visitor to our website clicks on
one of these links and makes a purchase at a partner site, World Sports Network is paid a commission.
Copyright © 2024