A new bill in the South Carolina legislature is seeking to legalize sports betting in the state. The proposed state-run system could generate over $13 million in tax revenue. The bill would allow up to eight entities to be licensed for online sports wagering, with oversight by a state commission. This move is seen as a way to regulate illegal sports gambling and create more revenue for the state, with most funds directed towards the general fund and local infrastructure projects. The bill also includes provisions to help individuals with gambling addiction.
Supporters of the bill argue that legalization would allow South Carolina to benefit financially from an activity that is already taking place, while opponents raise concerns about gambling addiction and financial consequences. Governor Henry McMaster has long opposed any form of gambling legislation in the state, believing that the negative repercussions outweigh any potential financial benefits.
The bill is currently in committee and faces opposition from the Governor, making its future uncertain. Despite this, proponents believe that legalizing sports betting could benefit the state while providing resources to help those who struggle with gambling addiction. The bill aims to regulate the industry and prevent minors, athletes, referees, and others involved in sports from placing bets. Anyone experiencing issues with gambling addiction can call the state’s helpline for assistance.
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