A sports betting proposal that would license at least six sports betting Georgia hopped his first hurdle Tuesday.
The Committee on Economic Development and Tourism of the House passed HB 86although that wasn’t a big surprise. The bill is sponsored by Rep. Ron Stephens, the committee chairman, and has significant supporters behind it.
Stephens said the legislation was required of that Georgia Professional Sports Integrity Alliance, which includes the state’s four professional teams:
- Atlanta Braves from MLB
- Atlanta United of Major League Soccer
- Atlanta Hawks of the NBA
- Atlanta Falcons of the NFL
Stephens said the teams came together to “ask” us to pass a GA sports betting bill to increase fan engagement.
“It’s for fans to participate,” said Stephens. “As I said, the stands are empty and of course these are big losses for these people who keep trying to play.”
Georgia sports betting bill details
Stephen’s suggestion asks at least six Sports betting provider with no upper limit on potential licenses.
Georgia is calling for a constitutional amendment approved by referendum to expand gambling. However, this may not be necessary with HB 86. Sports betting would be regulated by the US government Georgia Lottery and would be added as another lottery game.
Stephens originally submitted the bill with one 16% Tax rate, but a modified version lowers this rate 14%. Sports betting would pay off $ 900,000 annually for their license.
There is an unfortunate catch to the calculation: there would be no bets on either University sports.
It’s time Georgia took advantage of slower movers
If Georgia legalizes sports betting this year, the state could see a good portion of its business from bettors outside of the state.
So far, Tennessee is the only southeastern state with legal mobile sports betting. The first two months of the results also show that Tennessee took more than that $ 312 million in betting in November and December, by far the best start for any US state.
Georgia could see a similar pop, especially in sports betting Florida remains a tough sell to all involved.
Of course, if Georgia doesn’t move fast it could lose that advantage. Both Alabama and South carolina are considering gaming bills this year that could lead to sports betting sooner rather than later.
Sports betting are treated just as well
Tuesday’s hearing was a great example of how sports betting is now viewed by lawmakers across the country. If you’ve paid attention to any attempts at legalizing marijuana, the proponents and opponents sound almost exactly the same.
“If you want to do it offshore, why aren’t we making any income here in Georgia?” Stephens asked the committee in his opening speeches. More than $ 4.8 billion is bets illegally annually by 2.2 million Georgians after Stephens.
The loudest enemy in the room MP Randy NixI didn’t think that was a reason enough.
“If this was the end, it might be fine, but this only gets us towards casinos and a lot of other things,” said Nix. “I think Georgia is one of the best countries to do business in right now. I just don’t see any need for us to do this, and I believe we would be much better off just leaving this up to someone else.
“If you want to play and you like what they’re doing in Michigan or whatever, just go up.”