The "South Carolina Sports Wagering Act" seeks to legalize and regulate sports wagering within the state by establishing a new Chapter 55 to Title 39 of the South Carolina Code. The bill creates the South Carolina Sports Wagering Commission, which will oversee licensing, regulation, and enforcement of the industry, including managing a privilege tax of twelve and one-half percent on adjusted gross sports wagering receipts. It outlines eligibility criteria for participants, penalties for violations, and defines key terms related to sports wagering. The commission will consist of nine members appointed by state leaders and will be responsible for regular audits and the appointment of an executive director to manage operations.

Additionally, the bill mandates responsible gambling practices, allowing bettors to self-restrict and participate in a voluntary exclusion program. The Department of Mental Health will oversee initiatives for problem gambling treatment and prevention, producing annual reports on its activities. The commission is empowered to create regulations, conduct inspections, and investigate violations, with the authority to impose fines and revoke licenses for non-compliance. The legislation also introduces penalties for licensees accepting wagers from ineligible individuals and clarifies the appeal process for aggrieved parties. Overall, the act aims to create a transparent and accountable framework for sports wagering in South Carolina, prioritizing public interests and responsible gambling practices.

Statutes affected:
12/12/2024: 16-19-135
Latest Version: 16-19-135