Treatment funds in proposed South Carolina online betting plan
Photo: ReadWrite
South Carolina lawmakers’ proposed online sports-betting framework could eventually generate about $40 million a year, with 5% of revenue earmarked for problem-gambling treatment and prevention. Sports betting remains illegal in the state, so the plan would need to become law before operators could launch under its rules. Each operator would pay a $100,000 application fee and a $1 million licensing fee. The bill would tax adjusted gross receipts at 12.5%, with state estimates suggesting the market could eventually bring in about $40 million annually.
Source: ReadWrite
