• Thu. Sep 16th, 2021

Sports activities Betting Invoice Sails By means of Georgia Home Committee

ByBet-Now

Feb 4, 2021

Posted on: February 3, 2021, 04:06h. 
Final up to date on: February 3, 2021, 04:20h.

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A invoice to permit on-line sports activities betting in Georgia received overwhelming help this week in a state Home committee. The measure now goes to the total Home for consideration.

Georgia state Rep. Ron Stephens, left, confers with colleagues following a Home committee vote. Stephens has filed a invoice to permit sports activities betting in Georgia. (Picture: Atlanta Journal-Structure)

Home Invoice 86 by Rep. Ron Stephens (R) was authorised on a 20-6 vote Tuesday within the Home Financial Improvement and Tourism Committee. Stephens is the committee chairman.
The invoice would require the Georgia Lottery Corp. to license at the least six sports activities wagering firms within the state. The businesses’ proceeds can be taxed at 14 p.c, down from the 16 p.c price Stephens first proposed. The businesses would pay an annual licensing payment of $900,000.
Even at a ten p.c price, the tax on sports activities betting would usher in $42 million a yr, Stephens mentioned. The cash would go to the HOPE school scholarships fund. It additionally would assist households pay for pre-kindergarten lessons and little one care, in response to the Related Press.

Below the invoice, solely individuals 21 and older can be allowed to bet. It will not permit bets on school or highschool sports activities.

State Sen. Jeff Mullis (R) is anticipated to introduce a invoice within the higher chamber that will permit betting on school sports activities, Stephens mentioned. This Senate invoice, which has not been filed, would impose a ten p.c tax on winnings. Stephens mentioned 10 p.c is just too low, in response to the Related Press.
Opponents Cite Downsides
Stephens has mentioned the net sports activities betting invoice wouldn’t require a constitutional modification. Different efforts to develop playing in Georgia require a constitutional modification. Legislative proposals to permit casinos and horse tracks have been launched this yr on the Capitol in Atlanta.
Constitutional amendments are tough to drag off. They require a two-thirds vote of each legislative chambers and a majority vote in a public election. A invoice is much less difficult. It requires a majority vote within the each chambers earlier than going to the governor.
Nonetheless, any playing measure in Georgia faces opposition from those that are involved it results in greater crime charges and shatters households that undergo financial losses.
Mike Griffin of the Georgia Baptist Mission Board mentioned digital sports activities betting encourages underage wagering. 

All that is going to do is prime kids to get able to gamble at some point,” Griffin instructed the Related Press.

Stephens mentioned Georgians spend billions of {dollars} every year betting illegally. These bets, some positioned on offshore web sites, usually are not taxed in Georgia.
“We are able to legitimize it, if you’ll, by means of the lottery,” Stephens mentioned. “When you’re going to do it offshore, why don’t we accumulate the income right here in Georgia?”
Regional Growth
Tennessee is Georgia’s solely neighboring state that enables on-line sports activities betting. Tennessee doesn’t have industrial casinos.
States throughout the Southern area, together with Texas and Mississippi, are contemplating legalizing cell sports activities betting. Mississippi permits sports activities betting in particular person at sportsbooks in casinos. The state is house to 26 casinos. Texas has but to legalize industrial casinos.
In Louisiana, voters in November authorised sports activities betting in a majority of the state’s parishes. When lawmakers subsequent meet in April, they should determine whether or not to permit cell sports activities wagering or limit sports activities betting to in-person wagers inside casinos. Louisiana has 13 riverboat casinos, a land-based on line casino in New Orleans, and 4 racinos.

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