South Carolina lawmakers’ proposed online sports-betting framework could eventually generate about $40 million a year, with 5% of revenue earmarked for problem-gambling treatment and prevention. Sports betting remains illegal in the state, so the plan would need to become law before operators could launch under its rules.

The proposal, sponsored in 2025 by Sens. Tom Davis and Matt Leber, would allow as many as eight companies to run online sportsbooks. Its details were reported by the Charleston City Paper and summarized by GamingToday.

How the proposed market would work

Each operator would pay a $100,000 application fee and a $1 million licensing fee. The bill would tax adjusted gross receipts at 12.5%, with state estimates suggesting the market could eventually bring in about $40 million annually.

The proposed revenue split assigns 82% to the state General Fund and 10% to local governments for infrastructure.…