On Thursday, Georgia Senate voted against Senate Bill 57; a piece of legislation that was proposed in January. If passed, this bill would have resulted in the legalisation of sports betting in the state. Taking into account Georgia's four major professional sports teams and numerous college athletic programs, there would be a robust betting market available. The vote came out with 37 votes for and 19 against. When you are learning how to be a bookie, you will see how this is unfortunate, especially for a state with numerous popular sports teams- both professionally and in the collegiate level. is keeping track of the sports betting industry. Reading about the trends and the market will help bookies know what is happening, and adjust their sportsbooks' operation. For instance, if your sportsbooks are performing less than previous months, you may need to see if this is unique to you, or if its happening everywhere.
Despite receiving approval from the Economic Development and Tourism Committee in February, Senate Bill 57 (SB 57) failed to pass in the Georgia Senate due to disagreements surrounding its inclusion of horse racing and fixed odds. Under SB 57, two types of sports betting licenses would’ve been established: retail and online. Through tax revenue gathered by the Georgia Lottery from online sport wagering, SB 57 was aiming to raise money for education. A total of 18 online sports betting sites were proposed under this bill. And if you check with your , you will be able to compare and see that most sportsbooks are seeing less wagers throughout the summer season. This is because the sports calendar is pretty bare in tehse months. Naturally, there will be less wagers made.
Georgia Sports Betting
The Georgia House of Representatives recently discussed House Bill 380, which would support online sports betting and require a 20% tax rate plus additional taxes on promotional revenue. A competing piece of legislation, Senate Bill 172 (introduced on February 14 by Senator Bill Cowsert), was passed by the Regulated Industries and Utilities Committee on Tuesday. This works in conjunction with Senate Resolution 140 to legalize sports betting through a constitutional amendment. As a bookie PPH user, you will not have to worry about these matters, as these are for new markets and operators.
In order for any constitutional amendment to come into effect, it must receive approval from two-thirds of the House of Representatives and the Senate before a ballot measure is presented to citizens. SB 172 and SB 140 both need to pass through Georgia's chambers by March 6th for them to be considered in this legislative session. Otherwise, only those who use a pay per head sportsbook software will be able to create and manage a sportsbook anytime.
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