North Carolina is a hotbed for sports betting. The first bills legalizing mobile NC sports gambling were introduced more than two years ago and appear to have potential, with Senate Bill 688 making its way through both houses of legislature again this week after going on the back burner earlier this year.
A recent approval from state senators in charge could lead us closer toward legalization soon!
The bill will see its next committee markup as early as Monday and it is possible to pass this piece of legislation before year’s end.
The Whip, Sen. Perry said there was no guarantee the bill would succeed due only modest changes from last week but his whip position counted enough votes in Senate leadership so we have an opportunity at least for now- more if members step up with support on either side or else shift theirs accordingly while he believes most hold out hope that passage remains just around corner.
NC sports betting bill likely to see changes, but not from Perry
Perry is not overly protective of the legislation as it heads through committees. He said that his job in making a better bill by simply subtraction and addition; however he does view this current draft as only temporary until something more concrete can be put forward for lawmakers’ consideration.” “I’m pretty open minded,” added McCrory’s Chief Legal Officer Mike Morgan when asked about possible tweaks made on behalf of stakeholders who have been working closely with them since 2007,” there has been one particular stakeholder dedicated over many years now so out respect towards their work – if somebody proposes any kind or significant change related back into what they do best then I’ll take time.
The bill creates at least 10 online NC sports betting licenses, but no more than 12. The state would levy an 8% tax on revenue for this new industry which will generate $90 million per year – enough to fund scholarships and stadium renovations!
The licensing fees are: $500K (for 5 years), then up to another 100k after that renewal fee of just 1%. Venues like NASCAR races qualify because they have over 17k seats available- so get your bets in now while you still can 😉
Sports betting could bring North Carolina up to $60 million in tax revenue during the first full year of operation.
Perry largely represents rural areas and would like tax money from sports gambling for schools, which have been struggling with many educational issues as a result of budget cuts over recent years due primarily at state level but also nationwide under Trump administration proposals such as massive school voucher expansion plan being pushed by DeVos who wants private companies managing taxpayer education dollars instead rather than educators themselves deciding how best use them so they can achieve “unrealistic” goals – this despite continuing evidence it doesn’t work when.
Legal sports betting in North Carolina is becoming more prevalent as the Eastern Band of Cherokee Indians are now able to offer it. Legalized last year, they have partnered with William Hill and Caesars Entertainment for their first retail spot at Harrahs casinos located on four different reservations throughout Georgia, South Carolina , Virginia & West Virginia . The tribe operates two Casinos under brands owned by this company (Harrah’s) which rebranded many other bookies including those found near major sporting events like Super Bowl 51 or NCAA Men’s basketball Final Four.