Establishes the South Carolina Sports Wagering Commission to regulate sports wagering in the state.

The bill creates the South Carolina Sports Wagering Commission to oversee the regulation of sports wagering. It outlines the commission's duties, including issuing licenses to operators, setting regulations, and enforcing compliance. The bill also defines terms such as "sports wagering," "licensee," and "bettor," and specifies who is ineligible to place wagers. It establishes a privilege tax on adjusted gross sports wagering receipts and allocates the tax revenue to the general fund, the Department of Mental Health, and local governments.

Establishes the South Carolina Sports Wagering Commission to regulate sports wagering in the state.

The bill creates the South Carolina Sports Wagering Commission to oversee the regulation of sports wagering. It outlines the commission's duties, including issuing licenses to operators, setting regulations, and enforcing compliance. The bill also defines terms such as "sports wagering," "licensee," and "bettor," and specifies who is ineligible to place wagers. It establishes a privilege tax on adjusted gross sports wagering receipts and allocates the tax revenue to the general fund, the Department of Mental Health, and local governments.