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GA SB386
Bill
Status
Engrossed
2/1/2024
Primary Sponsor
Clint Dixon
Click for details
AI Summary
- Authorizes and regulates online sports betting in Georgia under the oversight of the Georgia Lottery Corporation, which serves as the "master sports betting licensee" and may issue up to 16 Type 1 sports betting licenses to professional sports teams, qualifying golf/racing facility owners, and online sports betting services providers selected through public procurement
- Imposes a 20% annual privilege tax on adjusted gross income derived from online sports betting, with net proceeds directed to education funding as authorized by the Georgia Constitution, and requires licensees to maintain a minimum reserve of $500,000 or the amount needed to cover outstanding wager liabilities
- Sets the minimum betting age at 21, requires bettors to be physically located in Georgia using geofencing technology, and prohibits wagering on high school events, Special Olympics events, and events where the majority of participants are under 18
- Establishes licensing fees including a $100,000 nonrefundable application fee and $1 million annual fee for Type 1 licenses, with 5-year license terms, and provides administrative fines up to $25,000 per violation ($50,000 per occurrence) for noncompliance
- Requires comprehensive responsible gambling protections including self-exclusion programs, self-imposed betting limits, problem gambling helpline displays, advertising restrictions targeting minors, and an annual report on problem gambling activities filed with the Governor and legislative leaders by January 30 each year; effective date is contingent on ratification of a constitutional amendment authorizing sports betting
Legislative Description
State Government; regulation and taxation of sports betting in this state; authorize and provide
Last Action
House Committee Favorably Reported By Substitute
3/28/2024
Committee Referrals
Higher Education2/6/2024
Economic Development and Tourism1/25/2024
Full Bill Text
No bill text available