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. This legislation creates the South Carolina Sports Wagering Commission, which will oversee licensing and regulation of sports wagering operations, including the imposition of a privilege tax of twelve and one-half percent on adjusted gross sports wagering receipts. The bill outlines the eligibility criteria for engaging in wagering, mandates the commission to enforce compliance, and requires licensees to submit monthly returns detailing their financial activities. It also specifies the distribution of tax revenue, allocating funds to the general fund, local governments, the Department of Mental Health, and the commission's administrative expenses.

In addition to establishing a regulatory framework, the bill emphasizes responsible gambling practices and the integrity of the wagering process. It includes provisions for self-restriction and voluntary exclusion programs for bettors, while the Department of Mental Health will oversee treatment and prevention programs for gambling disorders. The commission is empowered to create regulations, conduct inspections, and impose penalties for violations, including a structured penalty system for licensees accepting wagers from minors or ineligible individuals. The bill also clarifies that engaging in sports wagering or fantasy sports contests does not violate existing illegal gambling laws and introduces an appeals process for commission decisions. Overall, the legislation aims to create a safe and accountable environment for sports wagering in South Carolina.

Statutes affected:
03/12/2025: 16-19-135
Latest Version: 16-19-135