North Carolina Budget Expands Sports Betting Revenue Distribution
North Carolina lawmakers have unveiled a budget proposal that would significantly reshape how the state handles sports betting revenue, increasing taxes on operators, creating a new levy for prediction market companies, and expanding the list of universities eligible to receive gambling-related funds. The plan, released as part of the state’s proposed budget agreement, would raise the tax rate on online sports betting operators from 18% to 23%. If approved by the General Assembly and signed into law, the change would […] The post North Carolina Budget Expands Sports Betting Revenue Distribution appeared first on World Casino News.
North Carolina lawmakers have unveiled a budget proposal that would significantly reshape how the state handles sports betting revenue, increasing taxes on operators, creating a new levy for prediction market companies, and expanding the list of universities eligible to receive gambling-related funds. The plan, released as part of the state’s proposed budget agreement, would raise the tax rate on online sports betting operators from 18% to 23%. If approved by the General Assembly and signed into law, the change would […]
The post North Carolina Budget Expands Sports Betting Revenue Distribution appeared first on World Casino News.
