The "I-95 Economic and Education Stimulus Act" seeks to create the South Carolina Gaming Commission, which will be responsible for awarding casino licenses in specific rural and impoverished counties along Interstate 95 (I-95). The bill acknowledges that while casino gaming may not be suitable for most South Carolina communities, it could yield significant economic benefits, such as job creation and improved educational opportunities in the targeted areas. The act includes measures to regulate casino gaming, limiting competition for licenses and site options. The Gaming Commission will consist of three members appointed by state leaders, and it will oversee the licensing process, requiring applicants to conduct an economic impact study and make substantial infrastructure investments.

Additionally, the bill establishes a regulatory framework for casino operations, including background investigations for key personnel and the commission's responsibility for covering investigation costs. It prohibits certain individuals, such as commission members and specific employees, from participating in casino gaming and emphasizes the confidentiality of license application information. The act introduces a monthly privilege tax of fifteen percent on adjusted gross gaming revenue, with provisions for negative revenue carryovers, and ensures that the commission operates independently without state funding. The act will take effect upon the Governor's approval.