The New Sports Betting Game
Sports betting is legal in South Carolina as long as it is done within the purview of a licensed sportsbook. The state of South Carolina historically has been quite hard on people who were interested in betting on sporting events. Until fairly recently, the state was largely opposed to betting on sporting events. Except for a couple of short periods, most forms of betting were considered illegal from the early 1700s.
However, in recent years, most states, including south Carolina, have become more lenient with regards to sports betting. Gambling has often been associated with high-risk activities. However, this does not apply to betting on sports. The majority of states are very restrictive when it comes to gambling. In fact, it is illegal to operate a gambling operation without a license in many instances.
Due to the number of successful sports betting operations in the state, there is a real possibility that the ban could be overturned sometime in the future. If that happens, the regulation will likely be more lenient than what it currently exists. The governor has not indicated if he will sign off on a potential overturn, which could happen if the opinion of the public during his term as governor is anything but positive towards legalized wagering.
In the mean time, south Carolina residents can enjoy the benefits that legalized gambling brings to the gaming industry. Professional teams are regularly licensed to hold championship games. In addition, online gambling has exploded over the past five years in the state, becoming one of the most popular areas of daily commerce on the east coast.
One of the most popular reasons that people place bets on sports betting sites is the relative ease with which they go about doing so. In the past, gamblers had to travel to a land-based casino in order to place bets on sporting events. Nowadays, they can place bets virtually any place they choose. All that is required is access to the internet and a credit card. Of course, the more sophisticated the website, the easier it is to make a bet.
Another reason that suggests the likely passage of legalized sports betting in the state comes from the demographics of the people using the web to place bets. It turns out that younger generations especially are turning to online gaming as an outlet for their leisure time. This is particularly true among 18 to 34-year-olds. For years, the betting industry has always been a majority male population. With the legalization of betting at major casinos, that number is now close to fifty percent males.
Additionally, because of the volume of interest generated by legalized sports betting, the Gaming Commission has felt it is important to quickly issue a statement reaffirming the legality of the entire process. At the time this article was written, the Gaming Commission was still looking for official guidance from the Federal Trade Commission on the issue of full wagering on games not covered by the law. Once the Commission has issued a definitive statement that games held by licensed gaming establishments are free and clear of the threat of prosecution, then the number of casinos (as of the date of this article) will be very small, if it exists at all.
Given that sports betting operation is not conducted through the use of banks or credit cards, no funds are ever held by the site owners. The best part about these operations is that the sports books in South Carolina are legally permitted to take bets via electronic transfer. This means that money can be transferred from one sports book account to another without worrying about paying taxes or having any banking regulations to adhere to. This also makes it easy for someone to transfer large sums of money from one site to another without worrying about making sure they have the legal means to do so.