Georgia digital-only sports betting bill advances

On March 5, a pivotal moment in Georgia’s legislative landscape transpired as the state’s house committee advanced digital-only sports betting legislation with a revised tax structure. This development propels the bill closer to a vote on the house floor, targeting completion before the crucial crossover deadline on Thursday.

In accordance with procedural requirements, the legislation must reach the opposite chamber by the end of Thursday to remain eligible for consideration in the current session. The rules committee is scheduled to convene at 9 AM local time, underscoring the urgency of this initiative.

This significant legislative package, comprising a constitutional amendment alongside a framework bill, received favorable outcomes in the higher education committee, secured through a voice vote. Notably, an amendment to increase the proposed tax rate for HB 686 from 20% to 24% was also approved. However, an amendment to include iGaming in HR 450—a referendum that will be presented to voters—was ultimately rejected by the committee.

The legislation exclusively legalizes digital sports betting, setting the stage for a ballot measure in November 2026 and a projected go-live date of July 31, 2027. If ratified, this framework will establish a robust, competitive market overseen by the Georgia Lottery Corporation as the regulatory body.

Eligibility for licensing extends to Georgia’s professional sports franchises, along with distinguished entities such as Augusta National Golf Club, Atlanta Speedway, and the PGA Tour. Furthermore, seven stand-alone licenses will be made available, and the Georgia Lottery will facilitate a digital betting platform.

Enhancing Educational Funding through Sports Betting Revenue

Representative Sam Park is advocating for amendments aimed at maximizing the financial contributions generated from this legislation to support universal pre-K education. Notably, HR 450 specifies that 85% of the initial $150 million (£116.4 million/€144.4 million) in wagering tax revenue is earmarked for funding both the universal pre-K program and the esteemed HOPE scholarships.

Committee Chair Chuck Martin expressed reservations about incorporating iGaming into the constitutional amendment. Park argued that such inclusion could potentially “double the revenue available” for vital educational programs. Supporting this assertion, the American Gaming Association reported that iGaming revenues in New Jersey surpassed $2 billion in 2024, significantly exceeding the $1.2 billion generated from sports betting in the same period.

Martin emphasized a need for further knowledge regarding iGaming before endorsing related legislation. This perspective resonates with lawmakers nationwide; three state legislatures have scuttled iGaming proposals this session, and Maryland remains in a stalemate over the matter.

Regarding the framework bill itself, sponsor Marcus Wiedower noted that the only modification from the 2023 version to the 2024 iteration is the incorporation of two-factor authentication measures, while promotional activities have been excluded.