Rising Demand for Sports Betting in Georgia Amid Legal Hurdles

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00:00Meanwhile, a lot of people are failing in Georgia trying to play sports bets, not realizing,

00:07I guess, that sports betting, Sam, is not legal in Georgia.

00:11Now, they can find their way to do this, I'm sure, which is probably a story for another

00:16day, but there's some data coming in that shows a lot of people want to bet on sports

00:19in Georgia and they just don't understand how.

00:22Yeah, data's coming in.

00:25It comes in every week, every Sunday, from this company called GeoComply, which essentially

00:30tracks all of the app logins people do in legal states and in non-legal states.

00:35And they saw that there was 42,000 login attempts into legal sports betting apps in Georgia

00:41this past Sunday, which was up 105% from the same weekend last year.

00:46Not much has changed since then.

00:47Sports betting is still legal.

00:49There was 7,800 accounts associated with Georgia residents that tried to log in, which was

00:55also more than double than last year, kind of demonstrating how the demand for sports

01:01betting in big non-legal states like Georgia is growing while legislatively there doesn't

01:07seem to be much progress being made.

01:10My colleague, Pat Evans, who does a tremendous job covering the sort of legal workings and

01:15political background that goes into all of this stuff, reported that the recent efforts

01:23have been pretty much tied up by these political issues in Georgia where you have to have everyone

01:29kind of on the same page, a bipartisan agreement, but Georgia is very divided politically.

01:34And there's even disagreements about how you would legalize it, what the law, how the law

01:39needs to be written.

01:40Some folks think you need a constitutional amendment.

01:43Others in the industry have argued you don't need one, which would make it easier to pass.

01:47But there was one proposed last year, which had bipartisan support, so you got over that

01:52hurdle.

01:53But then it kind of fell apart as people disagreed, you know, how we legally can make these changes.

01:59So Georgia is another one of these big states where you've seen the demand rise, but lawmakers

02:03kind of leaving this potential tax revenue on the table.

02:07And to your point, people are going to, you know, offshores to fantasy sports apps, which

02:12offer similar services.

02:13So we'll see if any of this data is presented next year.

02:16I'm sure it will be.

02:17That says, hey, the demand is growing.

02:19We'll see if that makes a big difference.

02:20It hasn't so far in Georgia, at least.