SB386: State Government; regulation and taxation of sports betting in this state; authorize and provide

Legislative Summary

A BILL to be entitled an Act to amend Title 50 of the O.C.G.A., relating to state government, so as to authorize and provide for the regulation and taxation of sports betting in this state; to change certain provisions relating; to increase funding to the state's Pre-K programs; to provide for the corporation to engage in certain activities related to sports betting; to provide for a short title; to amend Part 1 of Article 2 of Chapter 12 of Title 16 of the O.C.G.A., relating to gambling, so as to exclude any consideration paid to a sports betting licensee from the definition of "bet"; to amend Title 48 of the O.C.G.A., relating to revenue and taxation, so as to exempt wagers placed as part of sports betting; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.