{"id":16839,"date":"2024-03-13T12:35:06","date_gmt":"2024-03-13T12:35:06","guid":{"rendered":"https:\/\/instantcasinos.com\/?p=16839"},"modified":"2024-03-13T12:42:00","modified_gmt":"2024-03-13T12:42:00","slug":"georgia-sports-betting-2024","status":"publish","type":"post","link":"https:\/\/instantcasinos.com\/blog\/2024\/03\/13\/georgia-sports-betting-2024-bill-receives-first-hearing-in-house\/","title":{"rendered":"Georgia Sports Betting 2024: Bill Receives First Hearing In House"},"content":{"rendered":"
Sports betting took another step closer to being legalized in Georgia on Tuesday, March 12. The bill received its first hearing in House.<\/strong><\/p>\n If the bill is passed, up to 16 sports betting apps could be heading to The Empire State of the South. Although, no vote was conducted in the House Higher Education Committee.<\/p>\n Senator Clint Dixon addressed the committee and spoke in detail about the bill. He explained that the tax rate would be set at 20% of adjusted gross revenue.<\/p>\n Of the 16 licenses in question, application fees would be set at $100,000 and the annual renewal fee would cost $1m. Of these licences, seven would be set aside for professional sports franchises.<\/p>\n The Georgia Lottery – which would serve as the regulator – would also be in line to receive one of the licences. In February, SB 386 was passed by the senate which has really opened up the possibility of legalizing sports betting.<\/p>\n\nSports Betting In Georgia<\/h2>\n