North Carolina does not have any commercial casinos. Instead, SB 688, if passed into law in its current form, would create between 10 to 12 mobile sports betting licenses. The permits would be available for qualified interactive gaming platform providers like DraftKings and BetMGM. SB 688 would also qualify the tribal casinos to operate online sportsbooks.<\/p>\n<\/div>\n
Entities that are deemed qualified and suitable would be required to pay a one-time $500,000 licensing fee to the state. The internet sportsbooks would be subject to an 8% tax on their gross sports betting revenue.<\/p>\n
The tax revenue is split between the state’s General Fund and the North Carolina Major Events, Games, and Attractions Fund. The latter fund’s goal is to attract marquee sports championships and other nationally-known events to the state.<\/p>\n
Mobile sportsbooks would additionally be allowed to partner with certain small businesses, like bars and convenience stores. That would allow them to place sports betting kiosks in brick-and-mortar establishments.<\/p>\n
Cooper says should SB 688 land on his desk, he will sign the sports betting measure. Cooper contends that North Carolina should reap the tax benefits of an activity that is already happening inside the state — albeit largely through unlawful and unregulated means.<\/p>\n
\nIt’s here whether we like it or not,” Cooper said in February. “The issue is will North Carolina be on the cutting edge for the technology jobs and other employment that it will create and be able to get state taxpayers their cut, or are we just going to let it happen all around us? I think it’s time for us to step up and do it.”<\/p>\n<\/blockquote>\n
A recent poll conducted by WRAL News <\/i>found that 52% of North Carolinians support legalizing online sports betting.<\/p>\n","protected":false},"excerpt":{"rendered":"
North Carolina sports betting statute Senate Bill 688 passed the state’s upper legislative chamber last August by a 26-19 vote. House lawmakers say the odds are good that the lower chamber will follow suit this summer and sign off on the mobile sports betting legislation. The North Carolina General Assembly convenes for its 2022 legislative […]<\/p>\n","protected":false},"author":25,"featured_media":212601,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,1074],"tags":[],"acf":[],"yoast_head":"\n
North Carolina Online Sports Betting Odds Strong, Lawmakers Say<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n