Mobile-Only Georgia Sports Betting Proposal Passes House Committee

A activities proposal that is betting would license at least six sportsbooks in Georgia hopped its first hurdle Tuesday.

The House Economic Development and Tourism Committee passed HB 86, though that wasn’t a surprise that is huge. The bill is sponsored by Rep. Ron Stephens, the committee seat, and has now significant backers with us” to pass a GA sports betting bill to increase fan engagement.

“It’s for fan participation,” Stephens said behind it.

Stephens said the legislation was requested by the Georgia Professional Sports Integrity Alliance, which includes the state’s four professional teams:

MLB’s Atlanta BravesMajor League Soccer’s Atlanta UnitedNBA’s Atlanta Hawks

NFL’s Atlanta FalconsStephens said the teams came together to “plead. “As I said earlier, the stands are empty and of course these are major losses for these folks that are continuing to try to play.”Details of Georgia sports betting billStephens’ proposal calls for at least six sports betting operators with no cap on potential licenses.Georgia requires a amendment that is constitutional through a referendum for just about any gambling expansion, but which may never be required with HB 86. Sports wagering is controlled by the

Georgia Lottery and is added as another lottery game.Stephens initially filed the bill with a

16%

income tax price but an amended variation cuts that rate to

14%. Sportsbooks would spend $900,000 annually due to their permit.The bill does add one catch that is unfortunate there would be no betting on any college sports.Time ticking for Georgia to take advantage of slower moversIf Georgia legalizes sports betting this year, the state could see a chunk that is good of business result from out-of-state bettors.

So far, Tennessee may be the only southeastern state with appropriate mobile activities wagering. Its first couple of months of outcomes reveal that, too: Tennessee took significantly more than

$312 million in wagers in November and December

, definitely the start that is best for any US state.

Georgia could see a pop that is similar specially with activities wagering in

Florida staying a hardcore sell to any or all the involved events.Of program, if Georgia does not go quickly, it might lose that benefit. Both Alabama and

South Carolina are looking at gambling bills in 2010 that may bring activities wagering at some point.Sports wagering having the might-as-well treatment

Tuesday’s hearing offered a example that is terrific of sports betting is now being looked at by legislatures around the country. The proponents and opponents sound almost exactly the same.

“If if you’ve paid attention to marijuana legalization attempts you’re likely to take action overseas, why don’t we gather income right here in Georgia?” Stephens asked the committee in their remarks that are opening. More than (*)$4.8 Billion(*) is bet annually by illegally(*) 2.2 million(*) Georgians, based on Stephens.(*)The Loudest opponent in the available room, (*)Rep. Randy Nix(*), did think that’s n’t enough of a reason.(*)“If This was going to be the final end, it might be OK, but this is just starting us toward casinos and a lot of other things,” Nix said. “I think Georgia is one of the best states to do business in right now. I just see no need that we would be much better off if we just leave this to somebody else.(*)“If you want to gamble and you like what they do in Michigan or whatever, just go up there.”(* for us to be able to do this and I believe)

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