South Carolina Advances Fresh Bid to Legalize Online Sports Betting
A potential new sports betting bill aims to legalize online wagering in South Carolina, with notable momentum building among residents despite legislative uncertainty.
Sen. Tom Davis (R-46) introduced SB 444, mirroring Rep. Chris Murphy's HB 3625 from December 2024. The legislation would allow up to eight online sportsbook operators while keeping retail betting illegal.
Key aspects of the proposed legislation:
- 12.5% tax rate on adjusted gaming revenue
- $1 million licensing fee plus $100,000 application fee
- Minimum betting age of 18
- Operators must be active in at least 5 other states
- Includes regulation of daily fantasy sports (DFS)
Tax revenue distribution breakdown:
- 82% to general fund
- 10% to local governments
- 5% to problem gambling treatment
- 3% to regulatory commission operations
Athlete celebrates in white jersey
Public interest in sports betting appears strong, with GeoComply reporting:
- 10,000+ registered betting accounts from SC residents
- 77,000 geolocation checks during NFL week 16
- 536% increase in checks compared to previous year
The bill currently awaits review in the Senate Labor, Commerce, and Industry Committee, while Murphy's similar House bill remains in Ways and Means Committee since January.
A new South Carolina Sports Wagering Commission would oversee the market if legislation passes, though the timeline and likelihood of approval remain uncertain despite growing public interest.