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The Peach State currently has several different gambling bills it is looking at. The primary bill is Senate Bill 386, which has already been passed. It still needs approval by the House. Even if the bill were to pass both chambers, it would go before voters as a Constitutional amendment. SB 386 would legalize sports betting through the Georgia Lottery and would tax sports betting revenue at 20%.
Rush Street Interactive reported revenues of $220.4 million, up 33.5% year on year, outperforming analysts’ expectations by 9.4%. The business had an incredible quarter with an impressive beat of analysts’ earnings and operating margin estimates.
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