A new bill has been introduced in South Carolina that proposes the establishment of the first legal casino in the state. The proposal, known as the I-95 Economic and Education Stimulus Act, aims to boost economic growth in rural and distressed areas along the I-95 corridor by allowing the construction of casinos.
The bill includes the creation of a gaming commission that would oversee the licensing and regulation of the proposed casinos. One developer has already expressed interest in building a casino in Orangeburg County. The project is estimated to cost $1 billion and could generate more than $75 million in annual tax revenue.
Despite the potential benefits, the bill is still in the committee stage and requires further approval. If approved, the proposal would be put to a referendum for voters to have the final say on the establishment of the casino.
In a related development, construction has recently begun on a new casino in Kings Mountain, which is expected to bring economic opportunities and revenue to the area. The introduction of legal casinos in South Carolina could have a significant impact on the local economy and provide new entertainment options for residents and tourists alike.
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