Sponsored by six Representatives, House Bill 86 seeks to amend Chapter 27 of Title 50 of the Official Code of Georgia by adding a section on sports betting.
Should the bill, also known as the Georgia Lottery Mobile Sports Wagering Integrity Act, pass into law, the state Lottery Corporation would assume oversight of the market, including taking charge of issuing and managing licences.
At least six licences would be made available through HB86. Applicants would be required to pay a $50,000 non-refundable fee, then a $900,000 annual charge for the duration of the licence.
Licensees would also be required to pay tax at a rate of 16% on adjusted gross sports wagering income. This would be payable on a monthly basis.