Georgia's Senate Economic Development and Tourism Committee discussed SB 57 — a bill that would legalize sports betting in the state — on Tuesday morning, but the group doesn't plan to vote on the legislation until next week.
The bill, which was presented Tuesday by Sen. Billy Hickman, would allow for up to 18 mobile sports betting licenses. Retail sports betting kiosks would also be allowed at locations across the state, and the possibility of kiosks at airports was discussed Tuesday. The bill proposes the creation of the “Georgia Sports Betting Commission,” which would handle regulatory duties.'
Adjusted sports wagering revenue would be taxed at 20% under the bill. Hickman suggested Georgia could receive $300-400 million annually in tax revenue from legalized sports wagering, although he didn’t provide specifics as to how that number would be reached.
Sen. Hickman that says legalized sports betting in Georgia would generate $300-400 million in annual revenue (for the state? for operators?) and over 8,500 new jobs.