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Bill > SB142


GA SB142

GA SB142
Lottery for Education; lottery game of sports wagering in this state; provide


summary

Introduced
02/09/2021
In Committee
03/29/2022
Crossed Over
03/05/2021
Passed
Dead
04/04/2022

Introduced Session

2021-2022 Regular Session

Bill Summary

AN ACT To amend Title 50 of the Official Code of Georgia Annotated, relating to state government, so as to authorize and provide for the regulation and taxation of sports betting in this state; to provide for additional powers and duties of the Georgia Lottery Corporation; to change certain provisions relating to the shortfall reserves maintained within the Lottery for Education Account; to provide for the Georgia Lottery Corporation to engage in certain activities related to sports betting; to provide for a short title; to provide for legislative findings; to create a public corporation to regulate sports betting; to provide for such corporation to be governed by the Georgia Sports Betting Commission; to provide for the qualifications, appointment, removal, and powers of the commission and it members; to provide for the appointment of a chief executive officer; to provide for the procedures, limitations, requirements, and qualifications of the licensing of any person offering, operating, or managing sport betting in this state; to provide for criminal background checks; to regulate wagers and provide requirements for bettors; to provide for bettors to restrict themselves from placing certain wagers; to provide certain resources for individuals with problem gambling or a betting or gambling disorder; to provide for the collection and disposition of fees; to prohibit certain conduct by commissioners, employees of the commission, licensees, and other persons; to provide for certain penalties; to provide for construction; to amend Title 48 of the Official Code of Georgia Annotated, relating to S. B. 142 (SUB) revenue and taxation, so as to exempt wagers placed as part of sports betting; to provide for related matters; to provide for a contingent effective date and automatic repeal; to repeal conflicting laws; and for other purposes.

AI Summary

This bill authorizes and provides for the regulation and taxation of sports betting in Georgia. Key provisions include: - Establishing the Georgia Gaming Corporation and the Georgia Sports Betting Commission to oversee and regulate sports betting in the state. - Authorizing the Georgia Lottery Corporation to offer online sports betting through licensed providers. - Allowing a limited number of licensed retail sports betting operations at certain eligible locations. - Imposing an annual 20% privilege tax on the adjusted gross income of online sports betting. - Requiring licensees to maintain adequate reserves, report suspicious activity, and comply with other regulatory requirements to ensure the integrity of sports betting. - Prohibiting certain individuals, such as minors, athletes, and gaming officials, from placing bets. - Providing for civil and criminal penalties for violations of the law. The bill is contingent on the ratification of a constitutional amendment authorizing sports betting and other forms of gambling in Georgia.

Committee Categories

Business and Industry

Sponsors (9)

Last Action

House Committee Favorably Reported By Substitute (on 03/29/2022)

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