Georgia considers legalizing wagering on sports and casinos

Georgia considers legalizing wagering on sports and casinos

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Georgia considers legalizing wagering on sports and casinos

If the proposed Senate Resolution is passed, the state could open up to 5 casinos and begin allowing legal sports betting. 

Georgian politicians have been working to legalize betting on sports in addition to gambling at casinos. Even while the earlier proposed legislations haven’t gone so far as to legalize gambling in the state, a large number of citizens currently play at gambling establishments in neighboring states.

A new law that allows the betting on sports in addition to gambling at casinos is currently gaining momentum in Georgia. 8 senators are supporting Senate Resolution 538, which would amend the constitution to allow gambling on sports and casinos. End of January saw the introduction of the legislation, following its approval by the Senate Economic Development and Tourism Committee of the state last week.

With the approval, state citizens will be able to cast ballots in favor or in opposition to sports and gambling at casinos. The Senate Rules Committee will now take up the idea, and it is anticipated that they will schedule a plenary vote. 

The resolution proposes the building of five land-based gambling sites. Furthermore, the proposal advocates legalizing betting on athletic events. The taxes earned by regulated and state-owned gaming businesses would be used to fund a variety of state activities. For example, prekindergarten and child care programs will receive twenty percent of tax income, while road projects will receive fifty percent of the same. The other thirty percent of tax money would be used to fund vital initiatives including gambling addiction treatment programs.

Casinos and gambling to bring in taxes and add jobs 

The resolution’s primary proponent, Sen. Carden Summers, discussed the advantages of the idea. In the same way that the Georgia Lottery has considerably contributed to the funding of various childcare and educational groups, he stated that the increased tax revenue would help a variety of initiatives. 

Summers expressed his confidence in the Georgian population’s capacity to make this choice. In addition, the senator stated that eighty thousand Georgians are estimated to go out of the state each year to gamble. He stated that the state’s gambling business would expand, create new job opportunities, and generate tax revenue. Sen. Summers finished by saying that the resolution would help to keep funding that would otherwise flow to other states.

The resolution suggests the 2nd of July of 2025 as the date for the opening of sports betting and gaming at casinos in Georgia, assuming it is accepted.

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