South Carolina is taking another step toward legalizing sports betting by introducing a bipartisan bill in the state legislature. Filed by Reps. Todd Rutherford (D) and Chris Murphy (R), the proposed legislation aims to regulate sports wagering, potentially ushering in a new era for gambling in the Palmetto State. The bill, H.3353, has been referred to the House Committee on Ways and Means, where it will undergo further review.
A Modern Approach to Sports Betting
The proposed bill sets the stage for a regulated sports betting market, with provisions allowing mobile and in-person wagering. It proposes issuing up to eight licenses to sportsbook operators, each requiring a $500,000 annual fee. Operators would be taxed at a competitive rate of 10%, with funds earmarked for education, infrastructure improvements, and responsible gambling programs.
The legislation balances consumer interest and regulatory oversight, including robust measures to ensure fair play and protect against problem gambling. Key stakeholders, including local lawmakers and industry experts, believe this modern approach could generate significant revenue for the state while curbing illegal gambling activities.
Why Now? Economic and Regional Pressure
South Carolina remains among the few Southeastern states without a legal sports betting framework. With neighbors like North Carolina and Georgia advancing their gambling laws, proponents argue that South Carolina risks falling behind in revenue opportunities and consumer protections.
According to My Top Sportsbooks, the timing of this bill reflects broader national trends and increasing public support for legal sports betting. The state could see millions in annual tax revenue, which is currently lost to offshore and unregulated markets.
The Challenges Ahead
Despite bipartisan support, the bill faces resistance from anti-gambling groups and legislators who argue that expanding gambling could lead to social and moral issues. Critics also question whether the projected economic benefits will materialize, with some pointing to the need for additional safeguards against gambling addiction.
Reps. Rutherford and Murphy remain optimistic, emphasizing the bill’s potential to create jobs, boost state revenue, and regulate an thriving illegal market. “This is about giving South Carolinians a safe and transparent way to participate in an activity many are already engaging in,” said Rutherford.
What’s Next?
The 2025 legislative session will determine whether South Carolina joins the growing list of over 30 states that have legalized sports betting since the repeal of PASPA in 2018. If passed, the first bets could be placed as early as next year, marking a significant shift in the state’s approach to gambling.
All eyes are on the Ways and Means Committee, where the bill will be debated in the coming months. With bipartisan backing and increasing public interest, the fate of H.3353 could signal a turning point in South Carolina’s economic and entertainment landscape.