North Carolina Approves Sports Betting Tax Increase
North Carolina has approved a new tax structure affecting sports betting operators and prediction market platforms after Gov. Josh Stein signed the state’s fiscal 2025-26 budget into law. The legislation increases the tax rate applied to online sports betting revenue and introduces a separate tax on prediction market activity while leaving those platforms outside the state’s licensing system. The budget bill, Senate Bill 257, raises the tax on online sports betting operators from 18% of gross wagering revenue to 23%. The change […] The post North Carolina Approves Sports Betting Tax Increase appeared first on World Casino News.
North Carolina has approved a new tax structure affecting sports betting operators and prediction market platforms after Gov. Josh Stein signed the state’s fiscal 2025-26 budget into law. The legislation increases the tax rate applied to online sports betting revenue and introduces a separate tax on prediction market activity while leaving those platforms outside the state’s licensing system. The budget bill, Senate Bill 257, raises the tax on online sports betting operators from 18% of gross wagering revenue to 23%. The change […]
The post North Carolina Approves Sports Betting Tax Increase appeared first on World Casino News.
