Posted on: August 23, 2024, 08:32h.
Last updated on: August 23, 2024, 08:32h.
South Carolina lawmakers are gearing up to reconsider sports betting legislation as the new General Assembly session begins in January.
Efforts to bring mobile sports betting to South Carolina have failed recently, but with North Carolina’s success, lawmakers may push related bills in the upcoming year. Previous attempts to legalize sports betting in the state were promising, but stalled in the Senate.
Rep. Chris Murphy highlighted the need for legislation to curb illegal betting, estimating $2.5 billion in illegal wagers annually in the state.
Challenges lie ahead in getting sports betting approved, with Governor Henry McMaster opposing wagering expansion despite its potential revenue benefits.
In South Carolina, North Carolina State of Mind
Despite obstacles, South Carolina officials are considering another push for sports betting, inspired by North Carolina’s positive experience.
North Carolina has seen success with mobile sports betting, generating significant tax revenue since its launch earlier this year.
North Carolina’s fast start in sports betting is impressive given the lack of a football season, a major betting sport in the US.
South Carolina presents an appealing market for gaming companies due to its population and growth potential, with residents familiar with sports betting culture in other regions.
While lacking major professional teams, South Carolina has devoted fan bases for college sports, NASCAR, and PGA Tour events.