It doesn’t seem like online sports betting is going to come to Columbia anytime soon. Unfortunately, there are some sites that claim that they can take sports wagers from anywhere in the country. While a few states (Montana, for example) have enacted legislation that allows gambling, many more have no such statutes in place. Unfortunately, the sites aren’t licensed to operate in most any jurisdiction.
One of the reasons why online sports wagering isn’t popular in Columbia is because it wouldn’t be legal. The state has voted to put in a constitutional amendment that makes it illegal to conduct a lottery, raffle or sweepstakes using computers or other electronic means. Although the legislature has the power to pass laws that prohibit gambling, it only has the power to do so if it passes both houses and receives a presidential signature. If it doesn’t, it cannot go into effect.
Two years ago, three representatives introduced bills that would have legalized sports betting throughout the state. However, none of the bills were adopted. For one reason, they weren’t really viable candidates for the right political climate. Two of the representatives who sponsored the bills faced serious primary challenges from more conservative members of their party.
The question remains, will any new jersey sports book open up in Columbia? The answer could very well be “no.” Because of the highly regulated environment that exists now, many individuals and companies that facilitate betting would find it difficult to move into a state with less regulation. In the past, betting was regulated by the commission, but now all licensed establishments are required to submit detailed reports to the state about how they collect and handle their funds.
The business model that underlies sports betting in the state of Columbia is much different than the one followed in other parts of the country. In most states, licensed establishments are required to manage an “athletic gaming fund,” commonly known as TAD. TAD is used to pay each of the numerous gambling sports book publishers a portion of their rake. TAD also serves as a pool from which licenses are granted to new establishments. Each time a new establishment opens, it must submit its license to the TAD before being able to take wagers on games.
As long as a sports book allows customers to bet on baseball and basketball in the home state, it follows the letter of the law by collecting its profits in house. However, in order to set up a mobile sports betting shop in Columbia, the business would have to set up a TAD account just like any other business. This means that in order to collect funds from customers, the business would need to obtain an account from the Office of the Secretary of State.
Sports books and wagering are big business in South Carolina, as evidenced by the number of establishments that are located in or around the state. Two of the most prominent and successful bookmakers in South Carolina, Blue Ridge Sportsbook and CG Sports, are located in Columbia and northwest of Columbia. The two companies offer a wide variety of promotions and specials, such as half price on football and basketball bets, and a free bet through in-house affiliates when you use their promotional codes. Additionally, both companies have a presence on the World Wide Web, where they promote themselves and their services.
The Racing Pigs for Hire baseball team plays at two parks in Columbia, one located inside the stadium and another one located across the street. According to the Racing Pigs for Hire press release, the baseball team will be undergoing a complete makeover. The new uniforms and clubhouses will be doing to “enhance the fan experience,” according to the release. As a result of the Racing Pigs for Hire baseball amendment act, baseball teams in Columbia and throughout the state can now offer special discounts and promotions to qualified customers.