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Some South Carolina lawmakers may have breathed a sigh of relief when the North Carolina House voted 51-50 against legal sports betting last month because it took some of the pressure off them.
Tar Heel State senators had already passed a controversial sports betting bill, and it was one step away from getting House approval. If a vote had gone the other way, the bill would have been sent to Governor Roy Cooper’s office. He is a proponent of sports betting, so he would have enacted it, ushering in a new era of legal sports betting north of the border.
The bill may have narrowly failed, but lawmakers plan to revisit the issue next year. A watered-down complementary bill has been passed, and this could be revised and sent to both houses for consideration.
Lawmakers can make certain concessions, such as banning credit card deposits, in an effort to push it through. What would it mean for South Carolina if North Carolina legalized sports betting?
Losing Taxpayer Money to a Border State A Motivating Factor
If North Carolina legalized sports betting, we would expect to see thousands of South Carolina sports fans crossing the border to place legal bets.
This pattern has developed throughout the country. New York lawmakers became so frustrated with residents visiting New Jersey to place sports bets online that they launched their own legal industry earlier this year. When they did, Empire State sports bettors gained access to huge sign-up bonuses such as a Caesars NY promo code deal which, for the launch, gave away up to $3,300 $ in bonus cash.
The same trend developed in New England, the Midwest and other regions. Sports fans travel to a nearby state, download sports betting apps, claim huge bonuses and enjoy online betting in a secure environment.
States don’t want to run out of tax revenue, so they eventually followed suit, introducing their own sports betting industries. This created a domino effect across the country, and 35 states have now legalized some form of sports betting.
South Carolina sports betting bill collapses
This is not a major issue for South Carolina right now, as legal online sports betting is not available in North Carolina and Georgia to the south. If any of these dominoes fall, the pressure on South Carolina lawmakers to legalize sports betting will intensify.
As things stand, there is not much appetite for a legal sports betting industry in Palmetto State. Representative William Herbkersman introduced a sports betting bill in April of this year, but it received no action and it fizzled out at the end of the legislative session. A similar situation unfolded in 2021.
Governor Henry McMaster opposes sports betting. His rival, Joe Cunningham – who won the Democratic nomination for governor last month – is keen to legalize sports betting, arguing it could generate $100 million in annual tax revenue, which could be used to bolster public services.
There is reasonably strong anti-gambling sentiment in South Carolina, although it does allow Daily Fantasy Sports. However, if North Carolina legalizes sports betting, South Carolina may feel compelled to follow in its footsteps.
Always gamble responsibly. All licensed and legal operators in the United States have resources available to bettors, including instructional guides on how to spot gambling problems, links to support services and tools for self-help. exclude for a defined period of time. Assistance is available at National Problem Gambling Council, 1-800-PLAYER and American Addiction Centers. Be sure to only bet on gambling sites licensed and regulated by your state’s gaming regulator. This ensures that games are fair, bets are honored, customer funds are secure and there are legal protections for the consumer.
Sports betting and gambling are not legal everywhere. Be sure to follow applicable laws where you live.