North Carolina’s legalization of online sports betting includes great potential for personal revenue, economic activity, and increased viewers of sports media. However, as the state promotes online gambling, some people are concerned about its potential negative impacts on society.
Read MoreWith 3 Atlantic Coast Conference teams from NC in the Sweet Sixteen combined with legalized sports betting, revenue was pouring in for the state. The NC Education Lottery Commission released early projections of revenue generated from sports betting and the numbers included $141 million paid out in winnings and a $42.7 million dollar “gross wagering revenue,” of which the state gets an 18% cut in taxes.
Read More“The Sports Wagering House Bill 347 passed the NC House bipartisanly with a vote of 64-45 at the end of March. This bill could bring large amounts of money to the state as it would provide licenses to 10 to 12 online sportsbooks and tax them 14%. “
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