North Carolina Sports Betting Bill Clears Senate, Heads to House

Becoming a bookie will be legal in North Carolina soon. The Senate approved the North Carolina sports betting bill to legalize the activity. Thus, the House will decide whether to accept the statement in its current form or seek a compromise.

According to the best pay per head bookie, Speaker of the House Tim Moore expects his colleagues to agree with the Senate’s amendments. Also, he expects the House to accept the Senate’s version of the bill. Furthermore, the final measure would head to Governor Roy Cooper, a known supporter of legal sports wagering.

Moore’s latest statement saw a change from his initial statement on Wednesday. Then, the Speaker said the House would reject the Senate’s bill version. Also, political news forum users expected the House to negotiate a compromise. The Speaker wanted the state to allow non-tribal casinos in North Carolina to operate sportsbooks. In addition, he wants to legalize video gambling machines.

North Carolina Sports Betting Bill

North Carolina’s sports betting proposal authorizes internet sports gambling on professional, college, and other sports. The Lottery Commission can grant up to 12 licenses for operators to take online sports bets for any adult resident in North Carolina.

Additionally, eight facilities across North Carolina could operate a sportsbook under the bill. They are PNC Arena, WakeMed Soccer Park, Bank of America Stadium, Spectrum Center, Charlotte Motor Speedway, Sedgefield Country Club, Quail Hollow Country Club, and North Wilkesboro Speedway.

Each venue could collaborate with one mobile provider, leaving at least four licenses for carriers without in-state partners.

Operators would be charged an 18 percent tax on gross gaming income. In addition, the law would not enable corporations to deduct the cost of marketing or incentives commonly used to attract people to join. Projections predict North Carolina might earn $100 million in tax income by the 2027-28 fiscal year, as per the state’s fiscal research division. According to forecasts, more than $6.6 billion would be bet in North Carolina by the third year of legalization.