South Carolina H 3625: Interactive Sports Wagering
Status: Member(s) request name added as sponsor: Rose (as of 2025-02-26)
State: South Carolina · Session: 2025-2026 · Bill: H 3625
Sponsors: B. Newton, Brewer, Herbkersman, Kirby, M.M. Smith, Murphy, Rose, Rutherford, Sessions, Stavrinakis, Wetmore
Bill Text
2025-2026 Bill 3625 Text of Previous Version (Dec. 12, 2024) - South Carolina Legislature Online South Carolina General Assembly 126th Session, 2025-2026 Bill 3625 Indicates Matter Stricken Indicates New Matter (Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.) A bill TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "SOUTH CAROLINA SPORTS WAGERING ACT" by ADDING CHAPTER 55 TO TITLE 39 SO AS TO PROVIDE THAT THE OPERATION OF SPORTS WAGERING AND ANCILLARY ACTIVITIES ARE LAWFUL IN CERTAIN CIRCUMSTANCES, TO CREATE THE SOUTH CAROLINA SPORTS WAGERING COMMISSION, TO PROVIDE A PRIVILEGE TAX, TO PROVIDE FOR LICENSES, TO PROVIDE FOR PERSONS WHO ARE INELIGIBLE TO ENGAGE IN WAGERING IN THIS STATE, TO PROVIDE THAT THE COMMISSION SHALL PROMULGATE REGULATIONS, TO PROVIDE ENFORCEMENT, AND TO PROVIDE REPORTING REQUIREMENTS; AND BY ADDING SECTION 16-19-135 SO AS TO PROVIDE THAT A PERSON WHO ENGAGES IN SPORTS WAGERING IS NOT IN VIOLATION OF CERTAIN LAWS. Be it enacted by the General Assembly of the State of South Carolina: SECTION 1. This act may be cited as the "South Carolina Sports Wagering Act." SECTION 2. Title 39 of the S.C. Code is amended by adding: CHAPTER 55 Interactive Sports Wagering Section 39-55-100. (A) Notwithstanding any other provision of law, the operation of sports wagering and ancillary activities are lawful when conducted pursuant to the provisions of this chapter and the regulations adopted pursuant to this chapter. (B) A person or entity may not engage in any activities in this State that require a license pursuant to this chapter unless all necessary licenses have been obtained pursuant to the provisions of this chapter and regulations adopted pursuant to this chapter. Section 39-55-110. As used in this chapter, unless the context otherwise requires: (1)(a) "Adjusted gross sports wagering receipts" means the total of all cash and cash equivalents received by a sports wagering operator minus the total of: (i) all cash and cash equivalents paid out as winnings to sports wagering patrons; (ii) the actual costs paid by a sports wagering operator for anything of value, including merchandise or services, free bets, or promotional credits distributed to sports wagering patrons to incentivize sports wagering; (iii) any sums paid as a result of any federal tax, including the federal excise tax; (iv) voided or cancelled wagers; and (v) uncollectible sports wagering receivables, not to exceed the lesser of: (A) a reasonable provision for uncollectible patron checks, ACH transactions, debit card transactions, and credit card transactions received from sports wagering operations; or (B) two percent of the total of all sums, including checks, whether collected or not, less the amount paid out as winnings to sports wagering patrons. (b) For purposes of this item, a counter or personal check that is invalid or unenforceable pursuant to this item is considered cash received by the sports wagering operator from sports wagering operations. (2) "Cash equivalent" means an asset convertible to cash for use in connection with authorized sports wagering that includes the following but excludes free bets and promotional credits: (a) foreign currency and coin; (b) personal checks and drafts; (c) digital, crypto, and virtual currencies; (d) online and mobile payment systems that support online money transfers; (e) credit cards and debit cards; (f) a prepaid access instrument; and (g) any other form approved by the commission. (3) "Cheating" means improving the chances of winning or of altering the outcome by deception, interference, or manipulation of a sporting event or of any equipment, including software pertaining to or used in relation to the equipment, used for, or in connection with, the sporting event on which wagers are placed or are invited, including attempts and conspiracy to cheat. (4) "Collegiate" means belonging to, or involving, a public or private institution of higher education. (5) "Collegiate sporting event" means a sporting or athletic event involving a sports or athletic team of a public or private institution of higher education. (6) "Commission" means the South Carolina Sports Wagering Commission. (7) "Covered sporting event" means any event of the relevant sport's governing body on which one or more operators offer or accept bets. (8) "Executive director" means the Executive Director of the South Carolina Sports Wagering Commission appointed by the commission pursuant to Section 39-55-120. (9) "E-sport" means a multiplayer video game played competitively for spectators, either in person or by means of a remote connection, in which success principally depends upon the superior knowledge, training, experience, and adroitness of the players. (10) "Fantasy sports contest" means a simulated game or contest with an entry fee
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