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GA HB570
Bill
Status
Introduced
3/5/2019
Primary Sponsor
Ron Stephens
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AI Summary
- Legalizes pari-mutuel wagering on horse racing, casino gaming, and sports betting in Georgia, contingent on ratification of a constitutional amendment by voters in the 2020 general election, with an effective date of July 1, 2021
- Creates a 5-member Georgia Gaming Commission (appointed by the Governor, Speaker of the House, and President of the Senate) and a 3-member Georgia Gaming Control Board (appointed by the Governor) to regulate and oversee all authorized gambling activities
- Requires a county-level referendum—initiated by petition of 5% or 5,000 electors or by county governing authority resolution—before any racetrack or casino can be constructed or operated in that county
- Imposes a 10% tax on adjusted pari-mutuel wager sales, a 19% tax on adjusted gross casino gaming revenue, and a 19% tax on adjusted gross sports betting revenue, with net proceeds deposited into a dedicated Pari-mutuel Betting, Casino Gambling, and Sports Betting Proceeds Account intended for health care services and health insurance purposes
- Sets nonrefundable application fees of $250,000 for racetrack, casino, and sports betting licenses; requires casino facilities to be part of mixed-use developments of at least 100 acres with more than 50% of revenue from non-gaming sources; sets the minimum age for gambling at 21; and establishes felony penalties (1–10 years imprisonment, fines up to $25,000) for cheating and fraud
Legislative Description
State government; sports betting in this state; provide
Last Action
House Committee Favorably Reported By Substitute
3/12/2020
Full Bill Text
No bill text available