GA HB686

Authorizes and regulates online sports betting in Georgia under the Georgia Lottery Corporation, imposing a 27.5% privilege tax on adjusted gross income from sports betting operations

Limits the state to 16 Type 1 sports betting licenses: 5 reserved for professional sports teams based in Georgia, 4 for specific golf/racing facilities with 30+ year histories, and 7 awarded to online sports betting services providers through public procurement

Requires bettors to be 21 years or older and physically located in Georgia, with mandatory geofencing technology and two-factor authentication for account access

Prohibits proposition bets on collegiate sporting events, betting on high school sports, and bets by athletes, coaches, team employees, and others with ability to influence sporting event outcomes

Establishes the Georgia Sports Betting Proceeds Trust Fund for revenues to be appropriated for educational purposes as authorized by the state constitution, with the bill taking effect January 1, 2027, contingent on voter ratification of a constitutional amendment