North Carolina Senate Proposes Doubling Sports Betting Tax Rate

May 12, 2025 - 22:16

The North Carolina Senate has put forward a budget proposal that aims to significantly increase the tax rate for sports betting operators from the current 18% to a staggering 36%. This move has sparked a heated debate among stakeholders, including betting companies and anti-tax advocacy groups, who are voicing strong opposition to the proposed hike.

Supporters of the tax increase argue that the additional revenue could be beneficial for state-funded programs and initiatives. However, critics warn that such a steep rise in taxation could drive operators out of the market, ultimately harming the state's economy and limiting consumer choices.

As the Senate's budget proposal moves forward, attention now turns to the House, which has yet to unveil its own version of the budget. The outcome of this legislative process will have significant implications for the future of sports betting in North Carolina. Stakeholders are closely monitoring developments, as the final decision could reshape the landscape of sports wagering in the state.