North Carolina Senate moves closer to sports betting legalization
The North Carolina Senate has passed a bill authorizing sports betting on professional and college sports, with plans to launch in 2024 and generate $100 million in tax revenue by the third year
The North Carolina Senate has taken a significant step towards legalizing sports betting by passing a bill that allows online and in-person wagering on various sports.
The bill, once approved by the House and signed into law, aims to launch sports betting in 2024 and generate $100 million in tax revenue by the third year.
The legislation includes provisions for mobile sports wagering licenses and partnerships with retail venues, with tax proceeds allocated to support gambling addiction programs and promote local sports and events.