US Supreme Court okays gambling for college, professional sports, what happens next in SC?
COLUMBIA, SC (WACH) --- Right now, the Education Lottery is the only legal form of gambling in South Carolina. A decision made Monday by the US Supreme Court threw out a 1992 law that prohibits placing bets on sports.
USC Associate Professor for the Department of Sport and Entertainment Management, Todd Koesters said if betting on college and professional sports is legalized, it could bring millions of dollars in revenue to the state’s economy which is already a significant revenue generator for states like Las Vegas and New Jersey.
"There’s clearly an enormous amount of revenue opportunity for the state to come in and tax that revenue," Koesters said.
“We as a state have not succumbed to the revenue on casino thus far we have added the lottery whether or not you consider that gambling or not and look at what that’s done for our education system.”
The Supreme Court has ruled that states have the right to choose for themselves whether to allow sports gambling.
State lawmakers have already adjourned this year’s legislative session, they can’t move forward on legalizing gambling until January.
“At the end of the day, the discussion becomes do we as government owe our citizens of our state the ability for us to go look at this as a revenue generator because at the end of the day that’s what it comes down to,” Koesters said.
“For the state of South Carolina what it says is are we willing to forgo our principals, our stats against gambling in order to take the revenue.”
A spokesperson from the governor’s office says the governor has always opposed state-authorized gambling. He goes on to say it flies in the face of everything South Carolina stands for.